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Rhode Island Amended Corporation Tax Return
Form 1120X is obsolete, and is no longer supported by the Rhode Island Department of Revenue.
Extracted from PDF file 2021-rhode-island-form-1120x.pdf, last modified January 2012Amended Corporation Tax Return
RI-1120X Amended 1120C X Amended 1120S Federal Audit Change Rhode Island AMENDED Business Corporation Tax Return NAME ADDRESS CITY STATE ZIP CODE FEDERAL EMPLOYER IDENTIFICATION NUMBER FOR TAX YEAR ENDING ATTACH A COPY OF ORIGINAL RHODE ISLAND RETURN AND ALL PAGES AND SCHEDULES OF THE FEDERAL RETURN OR THE FEDERAL RAR. Schedule A Computation of Tax A As Originally Reported Net Change B Increase C As Amended or (Decrease) 1. Federal Taxable Income .................................................................... 2. Deductions - from page 2, Schedule B, line 2G................................. 3. Additions - from page 2, Schedule C, line 3G.................................... 4. Adjusted Taxable Income - line 1 less line 2 plus line 3 ................... 5. Rhode Island Apportionment Ratio ................................................... 6. Rhode Island Taxable Income - line 4 times line 5 ........................... 7. Adjustments - See RI-1120C instructions ......................................... 8. Adjusted Taxable Income - line 6 less line 7 ..................................... 9. Total Income Tax - 9% of line 8 ......................................................... 10. Franchise Tax or LLC Fee.................................................................. 11. Tax/Fee (List appropriate tax/fee for your entity type)....................... 12. Credits - from page 2, Schedule D, line 11O.................................... 13. Tax after Credits - the larger of line 10 or line 11 less line 12 .......... 14. (a) Recapture of credits (b) Jobs Growth Total (a) + (b) 15. Tax Due - Add lines 13 and 14 ......................................................... Payments 16. Estimated Tax Payments .......................................................................................................................................... 17. a. Other Payments .................................................................................................................................................... b. Pass-through Withholding (Attach a copy of RI 1099-PT) .................C-Corp only....................................................... 18. Tax Paid with (or after) Original Filing ....................................................................................................................... 19. Total of lines 16 through 18........................................................................................................................................ 20. Overpayment, if any, shown on Original Filing ......................................................................................................... 21. Net payments - subtract line 20 from line 19 ............................................................................................................ 22. Tax Due with Amended Return - Subtract line 21 from line 15 ................................................................................. 23. (a) Interest _______________ (b) Penalty _______________ (c) Form 2220 Interest _______________ ....... 24. Total Amount Due - Add lines 22 and 23 .................................................................................................................. 25. Refund - Subtract line 15 from line 21 ...................................................................................................................... Under penalties of perjury, I declare that I have filed an original return and that I have examined this amended return, including all accompanying schedules and statements, and to the best of my knowledge and belief this amended return is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Date Signature of authorized officer Title Date Signature of preparer Address of preparer MAY THE DIVISION CONTACT YOUR PREPARER ABOUT THIS RETURN? YES NO Phone number MAILING ADDRESS: OVERPAYMENTS/REFUNDS - RI DIVISION OF TAXATION, ONE CAPITOL HILL, PROVIDENCE, RI 02908-5811 PAYMENTS - RI DIVISION OF TAXATION, ONE CAPITOL HILL, PROVIDENCE, RI 02908-5814 RI-1120X Name Federal employer identification number page 2 Amounts on this page should be as amended. Schedule B - Deductions to Federal Taxable Income 2. NOTE: You must attach documents supporting your deductions. Otherwise, the processing of your return may be delayed. A. Net operating loss deduction (see instructions - attach schedule).................C-Corp only.............. 2A. B. Special deductions .........................................................................................C-Corp only.............. 2B. C. Exempt dividends and interest ......................................................................................................... 2C. D. Foreign dividend gross-up (s78) US 1120, Schedule C, line 15 ..................C-Corp only.............. 2D. E. Bonus Depreciation and Section 179 expense adjustment ............................................................. 2E. F. Discharge of business indebtedness claimed as income on Federal return and previously included 2F. as RI income under American Recovery and Reinvestment Act of 2009 under RIGL 44-66-1 .......... G. TOTAL DEDUCTIONS - Add lines 2A, 2B, 2C, 2D, 2E and 2F - Enter here and on page 1, line 2, Column C....................... 2G. Schedule C - Additions to Federal Taxable Income 3. NOTE: You must attach documents supporting any additions. Otherwise, the processing of your return may be delayed. A. Interest (see instructions) ................................................................................................................. 3A. B. Rhode Island corporate taxes (see instructions) ...........................................C-Corp only.............. 3B. C. Bonus Depreciation and Section 179 expense adjustment ............................................................. 3C. D. Add back of captive REIT dividends paid deduction .....................................C-Corp only.............. 3D. E. Intangible Addback............................................................................................................................ 3E. F. Income from the discharge of business indebtedness deferred under American Recovery and 3F. Reinvestment Act of 2009 under RIGL 44-66-1 .............................................................................. G. TOTAL ADDITIONS - Add lines 3A, 3B, 3C, 3D, 3E and 3F - Enter here and on page 1, line 3, Column C .......................... 3G. Schedule D - Rhode Island Credits 11. NOTE: You must attach documents supporting your Rhode Island credits. Otherwise, the processing of your return may be delayed. A. RI-3468 - Investment Tax Credit - RIGL §44-31 ............................................................................ 11A. B. RI-ZN02 - Enterprise Zone Wage Credit - RIGL §42-64.3-6 ............................................................ 11B. C. RI-769P - Research and Development Facilities Property Credit - RIGL §44-32-2 ........................ 11C. D. RI-769E - Research and Development Facilities Expense Credit - RIGL §44-32-3 ....................... 11D. E. RI-2441 - Adult and Child Day Care Assistance and Development Tax Credit - RIGL §44-47 ....... 11E. F. RI-8201 - Motion Picture Production Company Tax Credit - RIGL §44-31.2 .................................. 11F. G. RI-2949 - Jobs Training Tax Credit - RIGL §42-64.6 ....................................................................... 11G. H. RI-6324 - Adult Education Tax Credit - RIGL §44-46 ..................................................................... 11H. I. RI-2276 - Tax Credit for Contributions to Qualified Scholarship Organization - RIGL §44-62 ........ 11I. J. RI-9261 - Jobs Development Rate Reduction Credit - RIGL §42-64.5 .......................................... 11J. K. RI-286B - Historic Preservation Investment Tax Credit - RIGL §44-33.2 ....................................... 11K. L. RI-3675 - Employment Tax Credit - RIGL §44-39.1 ...................................................................... 11L. M. RI-4482 - Incentives for Innovation and Growth - RIGL §44-63 .................................................... 11M. N. Other Credits - indicate credit name ____________________ ....................................................... 11N. O. TOTAL RHODE ISLAND CREDITS - Add lines 11A through 11N - Enter here and on page 1, line 10, Column C ................ 11O. RI-1120X Name Federal employer identification number page 3 Schedule E - Explanation of changes to income, deductions, credits, etc. Enter the line reference for which a change is reported, and give the reason for the change. Show any computation in detail. Attach any schedules needed. Schedule H - Franchise Tax Calculation 1. Number of Shares of Authorized Stock 5. Multiply line 4 times $2.50 2. Par Value per Share of Stock (No par value = $100) 6. Apportionment Ratio from Schedule J, line 5 3. Authorized Capital - Multiply line 1 times line 2 7. Franchise Tax - Multiply line 5 times line 6, but 4. Divide line 3 by $10,000.00 not less than $500.00 Schedule J - Apportionment Check if utilizing an alternative allocation apportionment calculation allowed under 44-11-14.1 through 44-11-14.6. Average net book value COLUMN A RI COLUMN B EVERYWHERE 1. a. Inventory .................................................................................... 1a. b. Depreciable assets .................................................................... 1b. c. Land........................................................................................... 1c. d. Rent (8 times annual net rental rate)......................................... 1d. e. Total ........................................................................................... 1e. f. Ratio in Rhode Island, line 1e, column A divided by line 1e, column B............................................................................. 1f. Receipts 2. a. Gross receipts - Rhode Island Sales......................................... _._ _ _ _ _ _ 2a. Gross receipts - Sales Under 44-11-14 (a) (2) (i) (B)............... b. Dividends ................................................................................... 2b. c. Interest........................................................................................ 2c. d. Rents .......................................................................................... 2d. e. Royalties ..................................................................................... 2e. f. Net capital gains ......................................................................... 2f. g. Ordinary income ......................................................................... 2g. h. Other income .............................................................................. 2h. i. Income exempt from federal taxation ......................................... 2i. j. Total ............................................................................................ 2j. k. Ratio in Rhode Island, line 2j, column A divided by line 2j, column B ............................................................................... 2k. _._ _ _ _ _ _ Salaries 3. a. Salaries and wages paid or incurred - (see instructions) .......... 3a. Ratio 4 Total of Rhode Island Ratios shown on lines 1f, 2k and 3b.................................................................................................... 4. _._ _ _ _ _ _ 5. Apportionment Ratio - line 4 divided by 3 or by the number of ratios - enter here and on page 1, sch A, col C, line 5.......... 5. _._ _ _ _ _ _ b. Ratio in Rhode Island, line 3a, column A divided by line 3a, column B............................................................................. 3b. _._ _ _ _ _ _ RI-1120X Name Federal employer identification number page 4 Schedule CRS - Required Data for Combined Reporting Study Section 1 - Combined Group Information Only for use by C-Corps for tax years beginning after 12/31/2010. See RI-1120C instructions for more detail. Enter amended figures. Yes No A. Is this company a member of a combined group of companies? .................................................................................. B. Is another company the designated agent responsible for the combined group? ........................................................ C. If yes, provide the federal employer identification number of the designated agent filing the combined report............ D. Is an election being made to file based on the federal consolidated return? ................................................................ E. Is a FAS 109 Deduction Statement attached? ............................................................................................................... F. If yes, provide the lump sum FAS 109 deduction amount.............................................................................................. Section 2 - Combined Group Calculations 1. Combined Federal Taxable Income..................................................................................... 2. Combined Deductions (Attach detailed schedule) ............................................................. 3. Combined Additions (Attach detailed schedule) ................................................................. 4. Adjusted Taxable Income - line 1 minus line 2 plus line 3.................................................................................................... 5. Combined Average Net Book Value of Property............. 6. Combined Receipts using Joyce Method....................... 7. Combined Receipts using Finnigan Method.................. 8. Combined Salaries, Wages and Compensation............. 9. Joyce Method - Add Ratios from lines 5, 6 and 8 Combined Ratios Total .................... Finnigan Method - Add Ratios from lines 5, 7 and 8 Rhode Island Everywhere Ratio Joyce Method Finnigan Method Rhode Island Worldwide 10. Combined Apportionment Ratio - For each method, divide line 9 by 3.0............................ 11. Rhode Island Adjusted Taxable Income - For each method, multiply line 4 times line 10.. 12. Combined Rhode Island Tax (If zero or less, enter zero.) .................................................. 13. Credits under Combined Reporting (Attach detailed schedule) ......................................... 14. Tax Due under Combined Reporting - line 12 minus line 13 (If zero or less, enter zero.) 15. Tax Due using Single Sales Factor (If zero or less, enter zero.) ..................................... 16. Tax Due on actual filing (Including Rhode Island Minimum Tax for all members of the combined group) 17. Minimum Tax for the combined group (see instructions)..................................................... 18. Combined Sales................................................................................................................... 19. Taxable Income.................................................................................................................... Section 3 - Listing of Companies included in this Combined Report (If more space is needed, attach a separate sheet.) Federal ID# Name 2011 RI Filing Requirement (Y/N) Total number of companies included in this Combined Report: Federal ID# Name 2011 RI Filing Requirement (Y/N)
1120X 01252011.qxp
More about the Rhode Island Form 1120X Corporate Income Tax
Discontinued for 2015 and on.
We last updated the Amended Corporation Tax Return in March 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Rhode Island Division of Taxation. You can print other Rhode Island tax forms here.
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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 |
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 1120X from the Division of Taxation in March 2022.
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 1120X
We have a total of ten past-year versions of Form 1120X in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2021 Form 1120X
1120X 01252011.qxp
2020 Form 1120X
1120X 01252011.qxp
2019 Form 1120X
1120X_Corp Forms
2011 Form 1120X
1120X 01252011.qxp
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