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Rhode Island 1040C Form only
Extracted from PDF file 2023-rhode-island-form-ri-1040c.pdf, last modified April 20121040C Form only
State of Rhode Island Division of Taxation 2023 Form RI-1040C 23102499990101 Composite Income Tax Return Name Federal employer identification number Amended Address Sub S Corp Address 2 LLC City, town or post office State ZIP code E-mail address Partnership Year end Trust Calendar Year: January 1, 2023 through December 31, 2023 Fiscal Year: MM/DD/2023 through MM/DD/__ SECTION A: COMPUTATION OF INCOME 1 Total Federal Taxable income from Federal Form 1120S, line 22, Federal Form 1065, line 23 or Federal Form 1041, line 23, plus any separately stated income or deduction items listed on Federal K-1 ..................................... 1 MODIFICATIONS INCREASING FEDERAL TAXABLE INCOME 2a Income from obligations of any state or its political subdivisions, other than RI (attach documentation) ...................................................................... 2a b Bonus Depreciation....... .......................................................................................... 2b c Taxable portion of Paycheck Protection Program Loan amount under RIGL §44-30-12(b)(8)... 2c d Other modifications (attach documentation) ............................................................ 2d 3 Total modifications INCREASING Federal Taxable Income. Add lines 2a, 2b, 2c and 2d .......................................... MODIFICATIONS DECREASING FEDERAL TAXABLE INCOME 4a Income from obligations of the US government included in federal income but exempt from state income taxes (attach documentation) ........................................ 4a b Bonus Depreciation and Section 179 Depreciation ................................................. 4b c Other modifications (attach documentation) ............................................................ 4c 5 Total modifications DECREASING Federal Taxable Income. Add lines 4a, 4b and 4c............................................... 6 Modified Federal Taxable Income. Line 1 plus line 3 less line 5 .................................................................................. 7 RI apportionment ratio from pg 2, Section C, line 27. (Multistate entities only - entities solely in RI enter 1.0000)...................... 8 Rhode Island source income. Multiply line 6 by line 7 ................................................................................................. 3 5 6 7 _ . _ _ _ _ 8 SECTION B: COMPUTATION OF TAX 9 Rhode Island income tax using the COMPOSITE INCOME TAX RATE. Multiply line 8 by 5.99% (0.0599) ............... 9 10 Qualified electing nonresident members’ percent of ownership. If all members are nonresidents enter 1.0000 ................... 10 11 Rhode Island income tax of qualified electing nonresident members. Multiply line 9 by line 10 ................................. 11 12 Rhode Island estimated payments made on RI-1040C-ES and amount applied from 2022 composite return........................................................................................... 12 13 Rhode Island nonresident real estate withholding of qualified electing nonresident members.............................................................................................. 13 14 Rhode Island nonresident withholding received from pass-through entities from Form RI K-1. Attach form(s)................................................................................... 14 15 Other payments....................................................................................................... 15 16 17 18 19 Total payments. Add lines 12, 13, 14 and 15 ............................................................................................................... 16 AMOUNT DUE. If line 11 is LARGER than line 16, subtract line 16 from line 11.............................................................. 17 Underestimating interest........................................................................................................................................................ 18 19 TOTAL AMOUNT DUE. Add lines 17 and 18. Complete Form RI-1040C-V .......................................................... L J 20 OVERPAYMENT. If line 11 is SMALLER than line 16, subtract line 11 from line 16. This is the amount 20 overpaid. If there is an amount due for underestimating interest on line 18, subtract line 18 from line 20..... 21 Amount of overpayment to be refunded ...................................................................................................................... 21 22 Amount of overpayment to be applied to 2024 RI-1040C estimated tax ................. 22 _ . _ _ _ _ State of Rhode Island Division of Taxation 2023 Form RI-1040C 23102499990102 Composite Income Tax Return Name Federal employer identification number SECTION C: APPORTIONMENT Column A Rhode Island AVERAGE NET BOOK VALUE Column B Everywhere 23a Inventory............................................................................................................................ 23a b Depreciable assets............................................................................................................ 23b c Land................................................................................................................................... 23c d Rent (8 times annual net rental rate)................................................................................. 23d e Total. Add lines 23a, 23b, 23c and 23d............................................................................. 23e f Ratio in Rhode Island, line 23e, Column A divided by line 23e, Column B. Calculate to four (4) decimal places...... 23f _ . _ _ _ _ RECEIPTS 24a Gross receipts.......................................... { Rhode Island Sales............................................. 24a Sales Under 44-11-14(a)(2)(i)(B)........................ b Dividends........................................................................................................................... 24b c Interest.............................................................................................................................. 24c d Rents................................................................................................................................. 24d e Royalties............................................................................................................................ 24e f Net capital gains................................................................................................................ 24f g Ordinary income................................................................................................................ 24g h Other income..................................................................................................................... 24h i Income exempt from federal taxation................................................................................ 24i j Total. Add lines 24a, 24b, 24c, 24d, 24e, 24f, 24g, 24h and 24i....................................... 24j k Ratio in Rhode Island, line 24j, Column A divided by line 24j, Column B. Calculate to four (4) decimal places......... 24k _ . _ _ _ _ SALARIES 25a Salaries and wages paid or incurred................................................................................. 25a b Ratio in Rhode Island, line 25a, Column A divided by line 25a, Column B. Calculate to four (4) decimal places...... 25b _ . _ _ _ _ RATIO 26 Total of Rhode Island ratios shown on lines 23f, 24k and 25b..................................................................................... 26 _ . _ _ _ _ 27 Apportionment Ratio. Divide line 26 by the number 3 or the number of ratios used. Enter here and on pg 1, Sect A, line 7 _ . _ _ _ _ SECTION D: QUALIFIED ELECTING MEMBER INFORMATION NAME ADDRESS 27 If needed, attach additional schedules. RI SOURCE INCOME RI INCOME TAX SOCIAL SECURITY NUMBER 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 Print name Date Paid preparer address City, town or post office State May the Division of Taxation contact your preparer? Telephone number ZIP Code PTIN YES Rhode Island has an Electonic Mandate for filing a return and remitting a payment. See the 2023 RI-1040C Instructions for more information on the requirements and how to file and pay.
Form RI-1040C - Composite Income Tax Return
More about the Rhode Island Form RI-1040C Corporate Income Tax TY 2023
We last updated the 1040C Form only in February 2024, so this is the latest version of Form RI-1040C, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RI-1040C directly from TaxFormFinder. 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. These related forms may also be needed with the Rhode Island Form RI-1040C.
| Form Code | Form Name |
|---|---|
| Form RI-1040C-NE | 1040C Election by non-resident member |
| Form RI-1040C-ES | 1040C Estimated Tax Coupon - 2015 |
| Form RI-1040C-V | 1040C Payment voucher |
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 RI-1040C 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 RI-1040C
We have a total of ten past-year versions of Form RI-1040C in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form RI-1040C
Form RI-1040C - Composite Income Tax Return
2022 Form RI-1040C
Microsoft Word - Incentive and Credit Overview for DLT
2021 Form RI-1040C
Microsoft Word - Incentive and Credit Overview for DLT
2020 Form RI-1040C
Microsoft Word - Incentive and Credit Overview for DLT
2019 Form RI-1040C
Microsoft Word - Incentive and Credit Overview for DLT
2018 Form RI-1040C
2018 RI-1040C_UPDATED_Layout 1
2016 Form RI-1040C
2016 RI-1040C_Layout 1
2015 Form RI-1040C
2015 RI-1040C_Layout 1
2014 Form RI-1040C
2014 RI-1040C_Layout 1
2012 Form RI-1040C
2012 RI-1040C.qxp
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