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Rhode Island Insurance Company Gross Premiums Return
Extracted from PDF file 2023-rhode-island-form-t-71.pdf, last modified April 2012Insurance Company Gross Premiums Return
State of Rhode Island Division of Taxation 2023 Form T-71 Insurance Companies Tax Return of Gross Premiums Insurance Company Nonprofit Hospital Service Corp, Nonprofit Dental Corp, Nonprofit Medical Service Corp and HMO 23111699990101 Name Federal employer identification number Address State or country of incorporation or organization Address 2 Company type: stock, mutual or participating City, town or post office State ZIP code E-mail address Amended Schedule A - Computation of Tax ATTACH LEGIBLE COPY OF SCHEDULE T AND SCHEDULE OF DIRECT BUSINESS IN THIS STATE FROM THE ANNUAL STATEMENT SUBMITTED TO THE INSURANCE COMMISSIONER 1a Direct premiums (Gross premiums less return premiums from Sch. T, Part 1 of Annual Statement to Insurance Commissioner).. 1a b Reinsurance assumed from companies not authorized to do 1b business in Rhode Island (covering property and risks in RI)........ Deductions 2 TOTAL PREMIUMS. Add lines 1a and 1b ..................................................................................................... 3a Dividends paid or credited to policyholders - Direct (Mutual & Mutual Plan Companies Only)........................................................... 3a b Federally exempt premiums. See instructions. (Gross premiums less return premiums).................................................................... 3b c Capital investments deduction....................................................... 3c 2 d Tax Incentives for Employers deduction - R.I. Gen. Laws §44-55. 3d Attach Form RI-107........................................................................ 4 TOTAL DEDUCTIONS. Add lines 3a, 3b, 3c and 3d..................................................................................... 4 5 Net taxable premium. Subtract line 4 from line 2........................................................................................... 5 6a Rhode Island tax. Multiply line 5 by the tax rate of 2% (0.02)...... 6a Tax and Fee Amount b Tax that would be imposed by taxpayer’s state or country............. 6b 7 TOTAL TAX DUE. Line 6a or 6b, whichever is greater.................................................................................. 7 8a RI Credits from Schedule B-CR, Business Entity Credit Schedule, line 19................................................................................................ 8a b Life and Health Guaranty Fee........................................................ 8b 9 TOTAL CREDITS. Add lines 8a and 8b......................................................................................................... 9 10a TAX AFTER CREDITS. Subtract line 9 from line 7. If zero or less, enter zero............................................... 10a Page 1 Revised 08/2023 State of Rhode Island Division of Taxation 2023 Form T-71 Insurance Companies Tax Return of Gross Premiums Name 23111699990102 Federal employer identification number 10b TAX AFTER CREDITS from line 10a.............................................................................................................. 10b Payments 11a Payments made on 2023 BUS-EST, Business Tax Estimated Payment........................................................................ 11a b Other payments.............................................................................. 11b 12 TOTAL PAYMENTS. Add lines 11a and 11b.................................................................................................. 12 13 Previously issued overpayments (if filing an amended return)....................................................................... 13 Balance Due 14 Net Payments. Subtract line 13 from line 12................................................................................................... 14 15 Net tax due. Subtract line 14 from line 10b.................................................................................................... 15 16 Interest due: (a) Late payment interest ___________ (b) Underestimating interest ___________ Total (a) + (b) .... 16 17 TOTAL DUE WITH RETURN. Add lines 15 and 16....................................................................................... 17 Refund 18 Overpayment. Subtract lines 10b and 16 from line 14................................................................................... 18 19 Amount of overpayment to be applied to 2024 estimated tax......................................................................... 19 20 Amount to be refunded. Subtract line 19 from line 18.................................................................................... 20 IMPORTANT INFORMATION See Form Instructions for requirements on how to file your return and remit payments. Form T-71 is due on or before April 15, 2024. Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Authorized officer signature Print name Date Telephone number Paid preparer signature Paid preparer address Print name Date City, town or post office May the Division of Taxation contact your preparer? YES Page 2 State ZIP code Telephone number PTIN
2023 T-71
More about the Rhode Island Form T-71 Corporate Income Tax TY 2023
We last updated the Insurance Company Gross Premiums Return in February 2024, so this is the latest version of Form T-71, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form T-71 directly from TaxFormFinder. You can print other Rhode Island tax forms here.
Related 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. These related forms may also be needed with the Rhode Island Form T-71.
| Form Code | Form Name |
|---|---|
| Form T-71A | Surplus Line Broker Return of Gross Premiums |
| Form T-71SP | 2015 Self Procurement Insurance Premiums Return |
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 T-71 from the Division of Taxation in February 2024.
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 T-71
We have a total of twelve past-year versions of Form T-71 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form T-71
2023 T-71
2022 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2021 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2020 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2019 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2018 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2017 Form T-71
Microsoft Word - Incentive and Credit Overview for DLT
2016 Form T-71
2015 T-71_Layout 1
2015 Form T-71
T-71_Layout 1
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