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Rhode Island Free Printable 2024 RI-1041ES Estimated Payment Coupon for 2024 Rhode Island 2015 1041 Fiduciary Estimated Tax Coupons for Trusts & Estates

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2015 1041 Fiduciary Estimated Tax Coupons for Trusts & Estates
2024 RI-1041ES Estimated Payment Coupon

2024 Form RI-1041ES Rhode Island Fiduciary Estimated Payment Coupons PURPOSE OF FORM This form provides a means of paying your Rhode Island income tax on a current basis on income other than salaries or wages subject to withholding. If you are entitled to a refund because the amount paid or credited as estimated tax for the taxable period exceeds your actual tax liability, you must file an income tax return to obtain the refund. WHO MUST MAKE ESTIMATED PAYMENTS Every estate and trust shall make estimated Rhode Island income tax payments if their estimated Rhode Island income tax can be reasonably expected to be $250 or more in excess of any credits allowable against their tax, whether or not they are required to file a federal estimated tax for such year. MODIFICATIONS TO FEDERAL TOTAL INCOME Taxpayers with modifications increasing or decreasing federal total income may refer to Form RI-1041, Schedule M for examples of income to be entered as modifications. CHANGES IN INCOME Even though on April 15, 2024 you do not expect your tax to be large enough to require making estimated payments, a change in income may require you to make estimated payments later. If you file your 2024 income tax return by February 15, 2025 and pay the full balance of tax due, YOU NEED NOT: (a) make an original estimated payment otherwise due for the first time on January 15, 2025 or (b) pay the last installment of estimated tax otherwise due and payable on January 15, 2025. HOW TO ESTIMATE YOUR TAX FOR 2024 Your 2024 estimated income tax may be based upon your 2023 income tax liability. If you wish to compute your 2024 estimated income tax, use the enclosed estimated tax worksheet. WHEN AND WHERE TO MAKE ESTIMATES Make your first estimated payment for the period January 1, 2024 through December 31, 2024, on or before April 15, 2024. It must be filed together with the payment due with the: Rhode Island Division of Taxation One Capitol Hill Providence, RI 02908 PAYMENTS OF ESTIMATED TAX Except as provided for in the next paragraph of instructions, the estimated tax on line 15 of the worksheet is payable as follows: 25% on or before April 15, 2024; 25% on or before June 15, 2024; 25% on or before September 15, 2024 and 25% on or before January 15, 2025. stallment of estimated tax, you may attach Form RI-2210 (if any of the exceptions apply) to your Rhode Island Fiduciary income tax return explaining why an additional charge should not be made. Note: Estates are not required to file a declaration of estimated tax for the first two years after a decedent’s death. FISCAL YEAR TAXPAYERS If you report income on a fiscal year basis, substitute the corresponding fiscal year months for the months specified in the previous instructions. For example, if your fiscal year begins on April 1, 2024, your estimated payments will be due on July 15, 2024, together with 25% of the estimated tax. In this instance, 25% will be due on or before September 15, 2024; 25% on or before December 15, 2024 and 25% on or before April 15, 2025 PENALTIES The law imposes penalties and interest charges for failing to pay the estimated tax due or for making false or fraudulent statements. AMENDED ESTIMATED PAYMENTS If, after having paid one or more installments of tax, the taxpayer finds that his or her estimated tax should be increased or decreased by a change in income, he or she must file an amended estimate on or before the next filing date. If an amendment is made after September 15th of the taxable year any balance due should be paid at the time of filing the amendment. (SEE AMENDED ESTIMATED TAX SCHEDULE) CREDIT FOR INCOME TAX OVERPAYMENT Your credit for income tax overpayment from your 2023 Rhode Island income tax return may be deducted from the first installment of your 2024 estimated tax, and any excess credit from succeeding installments. However, if you desire to spread the credit, divide it by the number of installments and enter on line 14 of RI-1041ES worksheet. CHARGE FOR UNDERPAYMENT OF INSTALLMENTS OF ESTIMATED TAX An interest charge is imposed for underpayment of an installment of estimated tax. The Rhode Island income tax law follows similar provisions of the Internal Revenue Code with respect to exceptions. Such charge on any unpaid installment shall be computed on the amount by which the actual payments and credits applied to the tax are less than 80% of such installment at the time it is due. If it appears there was an underpayment of any in- OTHER QUESTIONS Obviously, the foregoing instructions for completing these forms will not answer all questions that may arise. If you have any doubt regarding completion of your forms, additional assistance may be obtained by going the Division of Taxation, One Capitol Hill, Providence, RI 02908-5810, by visiting the Division of Taxation’s website at www.tax.ri.gov, or by calling the Personal Income Tax Section at (401) 574-8829, option #3. FREE INTERNET FILING/PAYMENT AVAILABLE You may file and pay your estimate electronically using the RI Division of Taxation’s Portal. FOR MORE INFORMATION VISIT: https://taxportal.ri.gov RI-1041ES Rhode Island Fiduciary Estimated Payment Worksheet 2024 PART 1 ESTIMATED RHODE ISLAND INCOME TAX WORKSHEET 1. Federal total income of Fiduciary expected in 2024............................................................................................................................. 1. 2. Net modifications to federal total income............................................................................................................................................. 2. 3. Modified federal total income. Combine lines 1 and 2. Add net increases or subtract net decreases............................................... 3. 4. Rhode Island deductions ..................................................................................................................................................................... 4. 5. Rhode Island taxable income. Subtract line 4 from line 3................................................................................................................... 5. 6. Figure the Fiduciary’s 2024 Rhode Island tax on the amount on line 5. See 2024 Tax Computation Worksheet............................. 6. 7. Enter the Fiduciary’s 2023 Rhode Island income tax........................................................................................................................... 7. 8. Enter the SMALLER of line 6 or 7....................................................................................................................................................... 8. 9. Estimated Rhode Island Credits (see below for list of allowable credits) ........................................................................................... 9. 10. Line 8 less line 9. If zero or less, enter zero....................................................................................................................................... 10. 11. Rhode Island income tax withheld, including any RI Form K-1’s received and 2023 overpayment credited to 2024........................... 11. 12. Estimated RI income tax payment required. Subtract line 11 from line 10. If result is $250.00 or LESS, no payment is required.... 12. 13. Computation of installment. Check the box when the estimated payment is to be filed and enter the amount indicated 13. April 15, 2024 Enter 1/4 of line 12 June 15, 2024 Enter 1/3 of line 12 September 15, 2024 Enter 1/2 of line 12 January 15, 2025 Enter amount from line 12 14. Enter amount of 2023 RI overpayment elected for credit to 2024 estimated tax. However, if you desire to spread the credit, divide 14. it by the number of installments and enter here................................................................................................................................... 15. Amount to be paid with this estimate. Subtract line 14 from line 13. Enter here and on RI-1041ES, line 1...................................... 15. PART 2 RECORD OF ESTIMATED PAYMENTS Payment Number Check Number Column A Column B Column C Column D Date Amount 2023 Overpayment credit applied Total amount paid and credited (add column B and column C) 1. 2. 3. 4. Total PART 3 AMENDED ESTIMATED TAX SCHEDULE 16. Amended estimated income tax............................................................................................................................................................ 16. 17. Amount of estimated tax paid to date and 2023 overpayment chosen for credit to 2024 estimated tax............................................. 17. 18. Unpaid balance. Subtract line 17 from line 16..................................................................................................................................... 18. 19. Balance due. Divide line 18 by the remaining number of installments required to be paid................................................................ 19. ALLOWABLE RHODE ISLAND CREDITS Only the following credits will be allowed against Rhode Island fiduciary income tax: 1) Credit for Taxes Paid to Other States - RIGL §44-30-18 2) Historic Structures Tax Credit - RIGL §44-33.2 3) Historic Preservation Tax Credits 2013 - RIGL §44-33.6 4) Motion Picture Productions Company Tax Credit - RIGL §44-31.2 5) Musical and Theatrical Production Tax Credits - RIGL §44-31.3 6) Credits for Contributions to Scholarship Organizations - RIGL §44-62 7) RI New Qualified Jobs Incentive - RIGL §44-48.3 8) Rebuild Rhode Island Tax Credit - RIGL §42-64.20 9) Low Income Housing Tax Credit - RIGL §44-71 RI-1041 TAX RATE SCHEDULES 2024 These schedules are shown so you can see the tax rate that applies to all levels of taxable income. DO NOT use these schedules to calculate your Rhode Island tax. Instead, use the computation schedules below. BANKRUPTCY ESTATES ESTATES AND NONGRANTOR TRUST Taxable Income (line 5) Over But not over 0 $ $ 3,100 of the amount over % + Pay $ on excess --- 3.75% + 4.75% + 5.99% 3,100 9,850 116.25 9,850 .......... 436.88 Taxable Income (line 5) Over 0 $ $ But not over 0 $ 77,450 of the amount over % + Pay $ on excess --- 3.75% + 4.75% + 5.99% 3,100 77,450 176,050 2,904.38 9,850 176,050 .......... 7,587.88 RI-1041 TAX COMPUTATION WORKSHEET $ 0 77,450 176,050 2024 These schedules are to be used by calendar year 2024 taxpayers or fiscal year taxpayers that have a year beginning in 2024. ESTATE OR NONGRANTOR TRUST use this schedule If Taxable IncomeRI-1041ES Worksheet, line 5 is: TAX (e) (a) (b) (c) (d) Enter the amount from RI-1041ES Worksheet, line 5 Multiplication amount Multiply (a) by (b) Subtraction amount At least But not over $0 $3,100 3.75% $0.00 $3,100 $9,850 4.75% $31.00 5.99% $153.14 Over $9,850 Subtract (d) from (c) Enter here and on RI-1041ES Worksheet, line 6 BANKRUPTCY ESTATES use this schedule If Taxable IncomeRI-1041ES Worksheet, line 5 is: TAX (e) (a) (b) (c) (d) Enter the amount from RI-1041ES Worksheet, line 5 Multiplication amount Multiply (a) by (b) Subtraction amount At least But not over $0 $77,450 3.75% $0.00 $77,450 $176,050 4.75% $774.50 5.99% $2,957.52 Over $176,050 Subtract (d) from (c) Enter here and on RI-1041ES Worksheet, line 6 DETACH VOUCHER AT PERFORATION TO MAIL IN WITH YOUR PAYMENT RHODE ISLAND FIDUCIARY ESTIMATED PAYMENT RI DIVISION OF TAXATION - ONE CAPITOL HILL PROVIDENCE, RI 02908-5807 16102299990101 Fiscal year filers, enter fiscal year dates MM/DD/2024 through MM/DD/2025 2024 RI-1041ES Name APRIL 15, 2024 (1st Quarter) SEPTEMBER 15, 2024 (3rd Quarter) JUNE 15, 2024 (2nd Quarter) JANUARY 15, 2025 (4th Quarter) Address City State ZIP Code Federal employer identification number 1. ENTER AMOUNT ENCLOSED
Extracted from PDF file 2024-rhode-island-form-1041es.pdf, last modified April 2012

More about the Rhode Island Form 1041ES Corporate Income Tax Estimated TY 2024

We last updated the 2015 1041 Fiduciary Estimated Tax Coupons for Trusts & Estates in March 2024, so this is the latest version of Form 1041ES, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1041ES directly from TaxFormFinder. You can print other Rhode Island tax forms here.

Other Rhode Island Corporate Income Tax Forms:

TaxFormFinder has an additional 78 Rhode Island income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 7004 Extension Request
Form 1120V Payment Voucher
Form 1065V Partnership Income Tax Payment Voucher
Form 1065 Partnership Income Tax Return to be filed by LLCs, LLPs, LPs and Partnerships
Form BUS-EXT Business Tax Automatic Extension Request - For T-72 and T-74

Download all RI tax forms View all 79 Rhode Island Income Tax Forms


Form Sources:

Rhode Island usually releases forms for the current tax year between January and April. We last updated Rhode Island Form 1041ES from the Division of Taxation in March 2024.

Show Sources >

Form 1041ES is a Rhode Island Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Rhode Island Form 1041ES

We have a total of ten past-year versions of Form 1041ES in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2024 Form 1041ES

2024 RI-1041ES Estimated Payment Coupon

2023 Form 1041ES

Microsoft Word - Incentive and Credit Overview for DLT

2021 Form 1041ES

Microsoft Word - Incentive and Credit Overview for DLT

2020 Form 1041ES

2020 RI-1041ESITv1_Layout 1

2019 Form 1041ES

2018 RI-1041ES_Layout 1

2016 Form 1041ES

2016 RI-1041ES_Layout 1

2015 Form 1041ES

2015 RI-1041ES_Layout 1

2015 1041 Fiduciary Estimated Tax Coupons for Trusts & Estates 2014 Form 1041ES

2015 RI-1041ES_Layout 1

2014 1041 Fiduciary Estimated Tax Coupons for Trusts & Estates 2013 Form 1041ES

2014 RI-1041ES_Layout 1

2012 Form 1041ES

2013 RI-1041ES.qxp


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