TaxFormFinder
Rhode Island Rhode Island Bank Deposits Tax
Extracted from PDF file 2023-rhode-island-form-t-86.pdf, last modified September 2023Rhode Island Bank Deposits Tax
State of Rhode Island Division of Taxation 2023 Form T-86 23112199990101 Bank Deposits Tax Name January 15th Report Federal employer identification number Address June 15th Filing Amended Address 2 City, town or post office T 20 23 AF 9 10 11 12 Total Payments. Add lines 7 and 8............................................................................................................. Net tax due. Subtract line 9 from line 6...................................................................................................... Interest due: (a) Late payment interest ___________ (b) Underestimating interest ___________ Total (a) + (b) Total Due with Return. Add lines 10 and 11................................................................................................ 13 Overpayment. Subtract line 6 and line 11 from line 9................................................................................. 14 Amount of overpayment from line 13 to be applied to 2024 estimated tax.................................................. 15 Amount to be Refunded. Subtract line 14 from line 13............................................................................... 13 14 15 those investments that are actually owned by this Credit Union; and should when necessary, be easily traceable to the Credit Union’s statement of financial condition. 09 For the January 15th reporting requirement, only complete lines 1 through 7. For the June 15th filing requirement, complete entire form and submit with payment due on or before June 15, 2024 to: RI Division of Taxation - One Capitol Hill - Providence, RI 02908. Line 1: 9 10 11 12 GENERAL INSTRUCTIONS /0 Refund 1 d Exempt obligations exclusion. Multiply line 2c by line 1............................................................................. 2d TAXABLE DEPOSITS. Subtract line 2d from line 1................................................................................... 3 TAX. If line 1 is $150,000,000 or less, multiply line 3 by 0.000625. If not, multiply line 3 by 0.000695..... 4 Rhode Island Credits from Schedule B-CR, Business Entity Credit Schedule, line 19............................... 5 Tax after credits. Subtract line 5 from line 4 ............................................................................................... 6 Estimated payments made on Form BUS-EST for 2023......................... 7 Other payments........................................................................................ 8 8/ Balance Due 3 4 5 6 7 8 R Tax and Payments E-mail address 1 Daily Average Deposits. Daily Average is calculated on a calendar year basis......................................... 2a Daily average book value of investments in obligations of the United States, its territories and possessions and of any authority, commission or instrumentality of the United States.................................................... 2a b Daily average book value of assets......................................................... 2b c Percent investment. Divide line 2a by line 2b. Carry out to four decimal places.............................................................. 2c _ . __________ D Taxable Deposits ZIP code State Enter the Credit Union’s simple, daily average of deposits from the first business day of January 2023 through the last business day of December 2023. Line 2a: Enter the simple, daily average book value of investments in exempt obligations. This calculation should reflect amortization and accretion; should reflect only Line 2b: Enter the Credit Union’s simple, daily average book value of its assets. This calculation should reflect such normal valuation accounts as are reflected on the Credit Union’s statement of condition. Tax. If Line 1 is $150,000,000.00 or less, multiply line 3 by 0.000625. If line 1 is more than $150,000,000.00, multiply line 3 by 0.000695. 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 Line 4: Print name City, town or post office State Date Telephone number ZIP code PTIN May the Division of Taxation contact your preparer? YES Rhode Island has an Electonic Mandate for filing a return and remitting a payment. See the Business Forms General Instructions for more information on the requirements and how to file and pay. Revised 08/2023
2023 T-86_v2_Layout 1
More about the Rhode Island Form T-86 Corporate Income Tax TY 2023
We last updated the Rhode Island Bank Deposits Tax in February 2024, so this is the latest version of Form T-86, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form T-86 directly from TaxFormFinder. You can print other Rhode Island tax forms here.
Other 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.
| 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 T-86 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-86
We have a total of eleven past-year versions of Form T-86 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form T-86
2023 T-86_v2_Layout 1
2022 Form T-86
2022 T-86_Layout 1
2021 Form T-86
2021 T-86_Layout 1
2020 Form T-86
Microsoft Word - Incentive and Credit Overview for DLT
2019 Form T-86
Microsoft Word - Incentive and Credit Overview for DLT
2018 Form T-86
Microsoft Word - Incentive and Credit Overview for DLT
2012 Form T-86
T-86.qxp
2011 Form T-86
T-86.qxp
TaxFormFinder Disclaimer:
While we do our best to keep our list of Rhode Island Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.