Rhode Island 2210 for composite return

2210 for composite return
Microsoft Word - Incentive and Credit Overview for DLT
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1111111111222222222233333333334444444444555555555566666666667777777777888
34567890123456789012345678901234567890123456789012345678901234567890123456789012
State of Rhode Island Division of Taxation
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2022 Form RI-2210C
22102599990101
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Underpayment of Estimated Tax by Composite Filers
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Federal employer identification number
Name shown on Form RI-1040C
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9
999999999
10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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12 CHECK THE BOX IF THE BELOW APPLIES:
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TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD
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18 PART 1 - REQUIRED ANNUAL PAYMENT
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1 Enter your 2022 RI income tax from RI-1040C, line 11............................................................................................................................... 1 9999999999 9919
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2 Enter 80% of the amount shown on line 1................................................................................. 2 9999999999 99
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3 RI withheld taxes paid for 2022 from RI-1040C, lines 13 and 14.......................................................................................................... 3 9999999999 99
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4 Subtract line 3 from line 1. If the result is $250.00 or less, do not complete the rest of this form........................................................ 4 9999999999 99
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5 Enter your 2021 RI income tax from RI-1040C, line 11............................................................................................................................... 5 9999999999 99
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6 Enter the SMALLER of line 2 or line 5.................................................................................................................................................. 6 9999999999 9924
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26 PART 2 - SHORTCUT METHOD
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27 You can use this method if you meet the following conditions (Otherwise, you must complete parts 3 and 4 to figure your underestimating interest):27
1 You made no estimated payments OR all 4 estimated payments were equal and paid by the appropriate due dates;
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2 AND you did not complete RI-2210C, part 5 (Annualized Income Installment Worksheet).
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7 Enter the amount from Part 1, line 6 above................................................................................................................. 7 9999999999 9930
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8 Total withholding and estimated tax you paid from RI-1040C, lines 12, 13 and 14............................................................................... 8 9999999999 9931
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9 Underpayment. Subtract line 8 from line 7. If zero or less, enter $0.......................................................................... 9 9999999999 9932
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Multiply line 9 by 10.31% (0.1031)............................................................................................................................... 10 9999999999 9933
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If the amount on line 9 was paid on or after 4/15/2023, enter $0
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If the amount on line 9 was paid before 4/15/2023, make the following calculation:
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The amount on line 9 (times) the number of days paid before 4/15/2023 (times) 0.000329 and enter the result here 11 9999999999 9936
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37 12 UNDERESTIMATING INTEREST. Subtract line 11 from line 10. Enter here and on RI-1040C, line 18
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Attach this form to your Rhode Island return......................................................................................................... 12 9999999999 9938
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PAYMENT DUE DATES
40 PART 3 - FIGURE YOUR UNDERPAYMENT
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Column A
Column B
Column C
Column D
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06/15/2022
09/15/2022
04/15/2022
01/15/2023
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43 13 Divide the amount on line 6 by four (4) and enter the result in each column..... 13 9999999999999999999999999999999943
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45 14 Annualized income installments from Part 5, line 33. NOTE: Complete lines
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15 through 17 in one column before completing the next column.................. 14 9999999999999999999999999999999946
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48 15 Enter the amount from line 13 or line 14 if applicable .................................... 15 9999999999999999999999999999999948
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50 16 Rhode Island tax withheld and estimated tax paid. If line 16 is equal to or
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more than line 15 for all installment periods, do not complete or file this
16 9999999999999999999999999999999951
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form unless you report annualized income installments on line 14 ................
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UNDERPAYMENT. Subtract line 16 from line 15 OR
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OVERPAYMENT. Subtract line 15 from line 16.................................................. 17 9999999999999999999999999999999954
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1111111111222222222233333333334444444444555555555566666666667777777777888
34567890123456789012345678901234567890123456789012345678901234567890123456789012
State of Rhode Island Division of Taxation
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2022 Form RI-2210C
IMAGEONLY
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Underpayment of Estimated Tax by Composite Filers
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Federal employer identification number
Name shown on Form RI-1040C
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999999999
10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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PAYMENT DUE DATES
12 PART 4 - HOW TO FIGURE THE CHARGES
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Column A
Column B
Column C
Column D
04/15/2022
06/15/2022
09/15/2022
01/15/2023
13
13
MMDDYY 060917
MMDDYY 062317
MMDDYY 063017
MMDDYY 14
14 18 Payment date or date listed in instructions for line 18, whichever is earlier... 18 060217
15 19 a Number of days from the installment date to the date of payment or the due
15
date of the next installment, whichever is earlier (see instructions) ............... 19a 999 days 999 days 999 days
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b Number of days on line 19a X 18% X underpayment on line 17....................
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19b 9999999 9999999 9999999
365
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19 20 a Number of days from January 1, 2023 to the date of payment or January 15, 2023, whichever is earlier ........ 20a 999 days
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b Number of days on line 20a X 12% X underpayment on line 17 .......................................................................
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20b 9999999
365
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999 days 22
22 21 a Number of days from January 15, 2023 to the date of payment or April 15, 2023, whichever is earlier...................................... 21a
b Number of days on line 21a X 12% X underpayment on line 17 .................................................................................................
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21b 999999924
365
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25 22 UNDERESTIMATING INTEREST. Total amount from all columns on lines 19b, 20b and 21b. Enter here and on RI-1040C,
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999999926
line 18. Attach this form to your Rhode Island return................................................................................................................. 22
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29 Part 5 Annualized Income Installment Worksheet
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30 IMPORTANT: Complete one column lines 23 - 33 before completing the next column.
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31
01/01/2022 01/01/2022 01/01/2022 01/01/2022
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03/31/2022 05/31/2022 08/31/2022 12/31/2022 32
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34 23 Figure your actual taxable income ........................................................................... 9999999 9999999 9999999 999999934
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1
4
2.4
1.5
36 24 Annualization amount...................... ........................................................................
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38 25 Multiply the amount on line 23 by the indicator on line 24 ....................................... 9999999 9999999 9999999 999999938
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40 26 Figure your Rhode Island tax on the amount on line 25 .......................................... 9999999 9999999 9999999 999999940
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20%
40%
60%
80%
42 27 Applicable percentage.............................................................................................
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44 28 Multiply the amount on line 26 by the applicable percentages on line 27..................... 9999999 9999999 9999999 999999944
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46 29 Enter the combined amount from line 33 for all preceding periods............................... 9999999 9999999 9999999 999999946
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48 30 Subtract line 29 from line 28 (not less than zero) .................................................... 9999999 9999999 9999999 999999948
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50 31 Enter the amount from RI-2210C, page 1, line 13 for the period plus the amount
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from line 32 of this worksheet for the preceding period ........................................... 9999999 9999999 9999999 999999951
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53 32 If line 31 is more than line 30, SUBTRACT line 30 from line 31, OTHERWISE enter $0 9999999 9999999 9999999 999999953
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55 33 Enter the smaller of line 30 or line 31 here and on page 1, line 14.......................... 9999999 9999999 9999999 999999955
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1111111111222222222233333333334444444444555555555566666666667777777777888
34567890123456789012345678901234567890123456789012345678901234567890123456789012
State of Rhode Island Division of Taxation
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2022 Form RI-2210C
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Underpayment of Estimated Tax by Composite Filers
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15th day of the sixth month of the taxable year.
PURPOSE OF THIS FORM
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10 Entities should use this form to determine if their income tax was suffi10
Column C:
11 ciently prepaid throughout the year by having Rhode Island tax withheld or ▪ Calendar year-end taxpayers: For tax year 2022, enter 9/15/2022.
11
▪ Taxpayers with a fiscal-year end other than 12/31/2022 should enter the12
12 by paying Rhode Island estimated tax. If not, a charge may be imposed
15th day of the ninth month of the taxable year.
13 on the underpayment of the taxes. Complete Part 1 of this form to deter13
mine if the payment of the charge may be avoided.
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Column D:
▪ Calendar year-end taxpayers: For tax year 2022, enter 01/15/2023.
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PART 1 - REQUIRED ANNUAL PAYMENT
▪ Taxpayers with a fiscal-year end other than 12/31/2022 should enter the16
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15th day of the month following the end of the taxable year.
17 Line 1 - Enter your 2022 Rhode Island income tax from RI-1040C, line 11.
17
18
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Line
13
Divide
the
amount
shown
on
line
6
by
four
(4)
and
enter
the
reLine 2 - Enter 80% of the amount shown on line 1.
sult in each column.
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20 Line 3 - Enter the amount of Nonresident real estate withholding and Non20
Line 14 - If your income varies during the year, you may complete the an21 resident withholding received from pass-through entities for 2022 from RI21
nualized income installment worksheet. However, if you complete and use
22 1040C, lines 13 and 14.
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line 14 for any installment you must complete it and use it for all installments.
23 Line 4 - Subtract line 3 from line 1. If the result is $250.00 or less you do
23
24 not owe any amount and need not complete the rest of this form.
24
NOTE: COMPLETE LINES 15-17 FOR ONE COLUMN BEFORE
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COMPLETING THE NEXT COLUMN.
5 - Enter your 2021 RI tax - RI-1040C, line 11. If you had no federal tax
26 Line
26
liability for 2021, then enter zero (0).
Line 15 - Enter the amount from line 13 (or from line 14, if line 14 was
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completed).
28 Line 6 - Enter the smaller of line 2 or line 5 (including zero). If line 6 is
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29 zero, you do not owe any amount and need not complete the rest of this
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Line 16 - You are considered to have paid Rhode Island withholding tax
form. However, you must attach this form to your Rhode Island
30 return.
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evenly during the year unless you can show otherwise. Therefore, you
are considered to have paid one-fourth of your Rhode Island withholding 31
31
on each installment due date. Divide the total amount withheld by 4 and 32
PART 2 - SHORTCUT METHOD
32
enter the results in each column.
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Line 7 - Enter the amount from line 6.
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Enter the estimated taxes paid that were for tax year 2022 plus any por- 34
tion of your overpayment from 2021, which you elected to be applied to
35 Line 8 - Enter the amount of estimated tax paid, Nonresident real estate
35
2022, as instructed below.
36 withholding and Nonresident withholding received from pass-through enti36
37 ties for 2022 from RI-1040C, lines 12, 13 and 14.
37
Column A:
38 Line 9 - Subtract line 8 from line 7.
Calendar year-end taxpayers: Enter those estimated payments made on 38
or before April 15, 2022.
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Taxpayers with a year end other than December 31, 2022 should enter
Line
10
Multiply
line
9
by
10.31%
(0.1031).
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those payments made on or before the 15th day of the fourth month of the
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taxable year.
Line 11 - If you paid the tax balance after 4/15/2023, enter zero (0). If you
42 paid the tax balance due before 4/15/2023, multiply the number of days
42
43 paid before 4/15/2023 by the amount on line 9 and by 0.000329 and enter Column B:
43
Calendar year-end taxpayers: Enter those estimated payments made be- 44
44 the result on line 11.
tween April 16, 2022 and June 15, 2022.
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Taxpayers with a year end other than December 31, 2022 should enter
Note: Taxpayers with a fiscal-year end other than December 31, 2022
46 should substitute 4/15/2023 with the 15th day of the fourth month following those payments made between the 16th day of the fourth month of the 46
taxable year and the 15th day of the sixth month of the taxable year.
47 the end of their taxable year.
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48
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Column C:
49 Line 12 - Subtract line 11 from line 10. Enter here and in the space
49
Calendar year-end taxpayers: Enter those estimated payments made beprovided on RI-1040C, line 18.
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tween June 16, 2022 and September 15, 2022.
Taxpayers with a year end other than December 31, 2022 should enter
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PART 3 - FIGURE YOUR UNDERPAYMENT
those payments made between the 16th day of the sixth month of the tax- 52
52
able year and the 15th day of the ninth month of the taxable year.
53 Payment Due Dates:
53
Column A:
54 ▪ Calendar year-end taxpayers: For tax year 2022, enter 4/15/2022.
54
Column D:
55 ▪ Taxpayers with a fiscal-year end other than 12/31/2022 should enter the Calendar year-end taxpayers: Enter those estimated payments made be- 55
tween September 16, 2022 and January 15, 2023.
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15th day of the fourth month of the taxable year.
Taxpayers with a year end other than December 31, 2022 should enter
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those payments made between the 16th day of the ninth month of the taxB:
58 Column
58
able
year
and
the
15th
day
of
the
month
following
the
end
of
the
taxable
▪ Calendar year-end taxpayers: For tax year 2022, enter 6/15/2022.
59 ▪ Taxpayers with a fiscal-year end other than 12/31/2022 should enter the year.
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1111111111222222222233333333334444444444555555555566666666667777777777888
34567890123456789012345678901234567890123456789012345678901234567890123456789012
State of Rhode Island Division of Taxation
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2022 Form RI-2210C
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6
Underpayment of Estimated Tax by Composite Filers
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the date of payment or the due date of the next installment as determined
you filed your return on or before January 31, 2023 and paid the tax bal9 Ifance
9
for line 18, whichever is earlier.
in full, then enter that amount in column D. This only applies to
10 those taxpayers who either were not required to make a Rhode Island es10
Column C: Enter the number of days from the installment due date to the 11
11 timated tax payment prior to the January 15, 2023 installment date or indate of payment or January 1, 2023, whichever is earlier.
cluded
their
January
15,
2023
installment
payment
with
the
tax
balance
12
12
paid on or before January 31, 2023.
13
13
Taxpayers with a fiscal-year end other than 12/31/2022 should enter the
14 Line 17 - Subtract line 16 from line 15 for any underpayments. Subtract
number of days from the installment due date determined under Part 3 to 14
the date of payment or the 1st of the month following the end of the tax- 15
15 line 15 from line 16 for any overpayments. Any overpayments on line 17
able year, whichever is earlier.
should
be
used
to
increase
the
amount
entered
on
line
16
for
the
next
in16
16
stallment period. Any underpayment on line 17 should be used to de17 crease the amount on line 16 for the next installment period. However, if
17
Line 19b - Compute the charge using the applicable interest rates and
18 you entered amounts on line 14, annualized income installments, and the
number of days times underpayment entered on line 17 for each install- 18
ment period. Divide the number of days from line 19a by the total number 19
19 amounts on line 17 are zero ($0) or less for all installment periods, then
of days in the year times the applicable interest rate times the amount of 20
enter
zero
($0)
on
line
22
and
file
this
form
with
your
return.
20
the underpayment on line 17 for each installment.
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PART 4 - HOW TO FIGURE THE CHARGE
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Line 20a - Enter the number of days from January 1, 2023 to the date of 22
payment or January 15, 2023, whichever is earlier.
23 Payment Due Dates:
23
24 For each column, enter the payment due dates as determined under Part
24
Taxpayers with a fiscal-year end other than 12/31/2022 should enter the
25 3.
25
number of days from the 1st of the month following the end of the taxable
26 Line 18 - Payment date or date of next installment, whichever is earlier.
year to the date of payment of the 15th day of the month following the end 26
of the taxable year, whichever is earlier.
27
27
28 Column A: Enter the date you paid the tax balance due for the current in28
Line 20b - Compute the charge using the applicable interest rates and
29 stallment or 6/15/2022, whichever is earlier.
29
number of days times underpayment entered on line 17 for each installTaxpayers with a fiscal-year end other than 12/31/2022 should enter the
30 date you paid the tax balance due for the current installment or the 15th
ment period. Divide the number of days from line 20a by the total number 30
of days in the year times the applicable interest rate times the amount of 31
31 day of the sixth month of the taxable year, whichever is earlier.
the underpayment on line 17.
32
32
Column
B:
Enter
the
date
you
paid
the
tax
balance
due
for
the
current
in33
33
Line 21a - Enter the number of days from January 15, 2023 to the date of
stallment or 9/15/2022, whichever is earlier.
34 Taxpayers with a fiscal-year end other than 12/31/2022 should substitute
34
payment or April 15, 2023, whichever is earlier.
35 9/15/2022 with the 15th day of the ninth month of the taxable year.
35
Taxpayers with a fiscal-year end other than 12/31/2022 should enter the 36
36
number of days from the 15th day of the month following the end of the
37 Column C: Enter the date you paid the tax balance due for the current in37
taxable year to the date of payment or the 15th day of the fourth month folstallment or 01/01/2023, whichever is earlier.
38 Taxpayers with a fiscal-year end other than 12/31/2022 should substitute
38
lowing the end of the taxable year, whichever is earlier.
39 01/01/2023 with the 1st day of the month following the end of the taxable
39
40 year.
40
Line 21b - Compute the charge using the applicable interest rates and
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number of days times underpayment entered on line 17 for each installColumn D: Enter the date you paid the tax balance due for the current in42 stallment or 04/15/2023, whichever is earlier.
ment period. Divide the number of days from line 21a by the total number 42
of days in the year times the applicable interest rate times the amount of 43
43 Taxpayers with a fiscal-year end other than 12/31/2022 should substitute
the underpayment on line 17.
4/15/2023
with
the
15th
day
of
the
fourth
month
following
the
end
of
their
44
44
taxable
year.
45
45
The interest rate to be used is 18% per annum from January 1, 2022
46 Line 19a - Number of days between payment/due dates
46
through December 31, 2022 and 12% per annum from January 1,
2023 through December 31, 2023.
47
47
48 Column A:
48
22 - Add the amounts from all columns on lines 19b, 20b and 21b
49 Calendar year-end taxpayers: Enter the number of days from 4/15/2022 to Line
49
and enter the total here. Include this amount with your tax balance paythe date of payment or the due date of the next installment, whichever is
50 earlier.
50
ment and attach this form to your return.
51
51
If your Rhode Island tax return has previously been filed, send this form 52
52 Taxpayers with a fiscal-year end other than 12/31/2022 should enter the
along with any payment due to the:
53 number of days from the installment due date determined under Part 3 to
53
the date of payment or the due date of the next installment as determined
54 for line 18, whichever is earlier.
54
RI Division of Taxation
One Capitol Hill
55
55
Providence, RI 02908-5806.
56 Column B:
56
year-end taxpayers: Enter the number of days from 6/15/2022 to
57 Calendar
57
the date of payment or the due date of the next installment, whichever is
58 earlier.
58
59
59
60 Taxpayers with a fiscal-year end other than 12/31/2022 should enter the
60
61 number of days from the installment due date determined under Part 3 to
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