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Rhode Island Fiduciary Rate Worksheet
Extracted from PDF file 2023-rhode-island-form-ri-1041-worksheet.pdf, last modified September 2023Fiduciary Rate Worksheet
RI-1041 TAX RATE SCHEDULES 2023 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 7) Over But not over + Pay 2,950 $ 0 $ $ % on excess --- 3.75% + 4.75% + 5.99% 2,950 9,350 110.63 9,350 .......... 414.63 of the amount over Taxable Income (line 7) Over 0 $ $ But not over 0 $ 73,450 2,950 73,450 166,950 9,350 166,950 .......... of the amount over % + Pay --- $ on excess 3.75% + 4.75% 7,195.63 + 5.99% 2,754.38 RI-1041 TAX COMPUTATION WORKSHEET 0 $ 73,450 166,950 2023 These schedules are to be used by calendar year 2023 taxpayers or fiscal year taxpayers that have a year beginning in 2023. ESTATE OR NONGRANTOR TRUST use this schedule If Taxable IncomeRI-1041, line 7 is: (a) (b) (c) (d) Enter Taxable Income amount from RI-1041, line 7 Multiplication amount Multiply (a) by (b) Subtraction amount Over But not over $0 $2,950 3.75% $0.00 $2,950 $9,350 4.75% $29.50 5.99% $145.44 Over $9,350 BANKRUPTCY ESTATES use this schedule If Taxable IncomeRI-1041, line 7 is: (a) (b) (c) (d) Enter Taxable Income amount from RI-1041, line 7 Multiplication amount Multiply (a) by (b) Subtraction amount Over But not over $0 $73,450 3.75% $0.00 $73,450 $166,950 4.75% $734.50 5.99% $2,804.68 Over $166,950 TAX (e) Subtract (d) from (c) Enter here and on RI-1041, line 8 TAX (e) Subtract (d) from (c) Enter here and on RI-1041, line 8 SPECIAL INSTRUCTIONS FOR BANKRUPTCY ESTATES 1. A Bankruptcy Estate return does not relieve the individual debtor’s obligation to file Form RI-1040 or Form RI-1040NR. 2. The Bankruptcy Estate must have a federal employer identification number. The social security number of the individual cannot be used. 3. Use Form RI-1041 only as a transmittal for Form RI-1040 or RI1040NR. 4. On the top of Form RI-1040 or Form RI-1040NR write “Bankruptcy Estate - DO NOT DETACH.” 5. Compute the tax on Form RI-1040 or Form RI-1040NR using the Bankruptcy Estate tax computation worksheet above. 6. Attach Form RI-1040 or Form RI-1040NR to RI-1041. 7. Complete only the identification area at the top of Form RI-1041. 8. Enter the name of the individual in the following format: “John Q. Public Bankruptcy Estate.” 9. Enter the name of the trustee in the following format: “Jane Smith, Trustee.” 10. Enter the tax from line 10a of Form RI-1040 or line 13a of Form RI-1040NR on line 14a of Form RI-1041.
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More about the Rhode Island Form RI-1041 Worksheet Corporate Income Tax TY 2023
We last updated the Fiduciary Rate Worksheet in February 2024, so this is the latest version of Form RI-1041 Worksheet, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RI-1041 Worksheet 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-1041 Worksheet.
| Form Code | Form Name |
|---|---|
| Form RI-1041 Schedule CR | Fiduciary Schedule CR - Other Rhode Island Credits |
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-1041 Worksheet 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-1041 Worksheet
We have a total of ten past-year versions of Form RI-1041 Worksheet in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form RI-1041 Worksheet
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2022 Form RI-1041 Worksheet
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2021 Form RI-1041 Worksheet
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2020 Form RI-1041 Worksheet
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2019 Form RI-1041 Worksheet
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2018 Form RI-1041 Worksheet
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2016 Form RI-1041 Worksheet
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2015 Form RI-1041 Worksheet
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2014 Form RI-1041 Worksheet
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2013 Form RI-1041 Worksheet
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