Form RI-1120S "Subchapter S Business Corporation Tax Return" - Rhode Island

What Is Form RI-1120S?

This is a legal form that was released by the Rhode Island Department of Revenue - a government authority operating within Rhode Island. Check the official instructions before completing and submitting the form.

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Download Form RI-1120S "Subchapter S Business Corporation Tax Return" - Rhode Island

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State of Rhode Island Division of Taxation
2020 RI-1120S
20110399990101
Subchapter S Business Corporation Tax Return
Federal employer identification number
RI Secretary of State ID number
For the taxable year from
MM/DD/2020
MM/DD/YYYY
through
Name
Address 1
Address 2
City, town or post office
State
ZIP code
E-mail address
NAICS code
Initial
Final
Amended
Short
Pro-
Return
Return
Return
Year
Forma
Address
*If applicable, enter the number of Q-Sub companies are included in this return:
Q-Sub Included*
Change
Gross Receipts...............................................................................................................................................
A
A
B
B
Depreciable Assets.........................................................................................................................................
C
Total Assets.....................................................................................................................................................
C
Schedule A - Computation of Tax
Attach a complete copy of all pages and schedules of the federal return including all K-1’s
1
Federal taxable income .................................................................................................................................
1
Total Deductions from page 2, Schedule B, line 1d ........................................................................................
2
2
3
3
Total Additions from page 2, Schedule C, line 1d ...........................................................................................
4
Adjusted taxable income. Line 1 less line 2 plus line 3..................................................................................
4
_ . _ _ _ _ _ _
Rhode Island Apportionment Ratio from page 4, Schedule I, line 5 ...............................................................
5
5
6
Apportioned Rhode Island taxable income. Multiply line 4 times line 5 .........................................................
6
7
a
Rhode Island Minimum Tax - $400.00............................................
7a
Check if a Jobs
Growth Tax is being
reported on line 7b.
Jobs Growth Tax............................................................................
b
7b
8
a
TOTAL TAX. Add lines 7a and 7b...................................................................................................................
8a
Due on or before the 15th day of the 3rd month following the close of the taxable year
Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908
State of Rhode Island Division of Taxation
2020 RI-1120S
20110399990101
Subchapter S Business Corporation Tax Return
Federal employer identification number
RI Secretary of State ID number
For the taxable year from
MM/DD/2020
MM/DD/YYYY
through
Name
Address 1
Address 2
City, town or post office
State
ZIP code
E-mail address
NAICS code
Initial
Final
Amended
Short
Pro-
Return
Return
Return
Year
Forma
Address
*If applicable, enter the number of Q-Sub companies are included in this return:
Q-Sub Included*
Change
Gross Receipts...............................................................................................................................................
A
A
B
B
Depreciable Assets.........................................................................................................................................
C
Total Assets.....................................................................................................................................................
C
Schedule A - Computation of Tax
Attach a complete copy of all pages and schedules of the federal return including all K-1’s
1
Federal taxable income .................................................................................................................................
1
Total Deductions from page 2, Schedule B, line 1d ........................................................................................
2
2
3
3
Total Additions from page 2, Schedule C, line 1d ...........................................................................................
4
Adjusted taxable income. Line 1 less line 2 plus line 3..................................................................................
4
_ . _ _ _ _ _ _
Rhode Island Apportionment Ratio from page 4, Schedule I, line 5 ...............................................................
5
5
6
Apportioned Rhode Island taxable income. Multiply line 4 times line 5 .........................................................
6
7
a
Rhode Island Minimum Tax - $400.00............................................
7a
Check if a Jobs
Growth Tax is being
reported on line 7b.
Jobs Growth Tax............................................................................
b
7b
8
a
TOTAL TAX. Add lines 7a and 7b...................................................................................................................
8a
Due on or before the 15th day of the 3rd month following the close of the taxable year
Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908
State of Rhode Island Division of Taxation
2020 RI-1120S
20110399990102
Subchapter S Business Corporation Tax Return
Name
Federal employer identification number
8
Total tax from page 1, Schedule A, line 8a......................................................................................................
8b
b
Payments made on 2020 declaration of estimated tax..................
9
a
9a
b
Other payments..............................................................................
9b
10
TOTAL PAYMENTS. Add lines 9a and 9b......................................................................................................
Net tax due. Subtract line 10 from line 8b......................................................................................................
11
11
(a) Interest
(b) Penalty
(c) Form 2220 Interest
12
12
Total due with return. Add lines 11 and 12. Use Form RI-1120V..................................................................
13
14
Overpayment. Subtract lines 8b and 12 from line 10.....................................................................................
14
15
Amount of overpayment to be credited to 2021 estimated tax........................................................................
15
16
Amount to be refunded. Subtract line 15 from line 14....................................................................................
16
Schedule B - Deductions to Federal Taxable Income
1
a
Exempt interest...............................................................................................................................................
1a
b
Bonus depreciation and Section 179 expense adjustment.............................................................................
1b
1c
Modification for Tax Incentives for Employers under RIGL §44-55. Attach Form RI-107..............................
d
TOTAL DEDUCTIONS. Add lines 1a, 1b, and 1c. Enter here and on page 1, Schedule A, line 2...........
1d
Schedule C - Additions to Federal Taxable Income
1
a
Interest (see instructions)................................................................................................................................
1a
Bonus depreciation adjustment.......................................................................................................................
b
1b
1c
c
Intangible addback..........................................................................................................................................
TOTAL ADDITIONS. Add lines 1a,1b and 1c. Enter here and on page 1, Schedule A, line 3......................
d
1d
page 2
State of Rhode Island Division of Taxation
2020 RI-1120S
20110399990103
Subchapter S Business Corporation Tax Return
Name
Federal employer identification number
Schedule D - Rhode Island Credits
Complete RI Schedule CR-PT, Other RI Credits for RI-1065 and RI-1120S filers, if the entity has credits passing through to its members.
Schedule E - Other Deductions to Federal Taxable Income
Elective Deduction for New Research and Development Facilities under RIGL §44-32-1.............................
1
1
2
Qualifying Investment in a Certified Venture Capital Partnership under RIGL § 44-32-2...............................
2
Schedule F - Final Determination of Net Income by Federal Government
Has the Federal Government changed your taxable income for any prior year which has not yet been reported to The Tax Administrator?...................
Yes
No
If yes, complete an amended Form RI-1120S immediately (see instructions) and submit to the Tax Administrator with any remittance that may be due.
Changes made by the Federal Government in the income of any prior year must be reported to the Tax Administrator within 60 days after a final determination.
Schedule G - General Information
Location of principal place of business in Rhode Island
Location of corporation’s books and records
List states to which you are liable for income or excise taxes for the taxable year
President
Treasurer
State and date of incorporation
Schedule H - Federal Taxable Income
Enter amount for
2020
2019
2018
2017
2016
year that ended:
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
Telephone number
Paid preparer address
City, town or post office
State
ZIP Code
PTIN
May the Division of Taxation contact your preparer? YES
page 3
State of Rhode Island Division of Taxation
2020 RI-1120S
20110399990104
Subchapter S Business Corporation Tax Return
Name
Federal employer identification number
Schedule I - Apportionment
Check if utilizing an alternative allocation apportionment
calculation allowed under 44-11-14.1 through 44-11-14.6
Column A
Column B
Rhode Island
Everywhere
1
a
Inventory.........................................................................................
1a
b
Depreciable assets........................................................................
1b
c
Land...............................................................................................
1c
Rent (8 times annual net rental rate).............................................
1d
e
Total. Add lines 1a, 1b, 1c and 1d................................................
1e
_ . _ _ _ _ _ _
f
Ratio in Rhode Island. Line 1e, Col. A divided by line 1e, Col. B.
Calculate to six (6) decimal places
1f
Royalties........................................................................................
g
k
Ratio in Rhode Island, line 2j, Col. A divided by line 2j, Col. B.
Calculate to six (6) decimal
places.......
3
a
Salaries and wages paid or incurred..............................................
3a
b
Ratio in Rhode Island. Line 3a, Col. A divided by line 3a, Col. B.
Calculate to six (6) decimal
places.....
_ . _ _ _ _ _ _
4
Total of Rhode Island ratios shown on lines 1f, 2k and 3b....................................................................
5
Apportionment Ratio. Divide line 4 by the number 3 or the number of ratios used. Enter here and on pg 1,
_ . _ _ _ _ _ _
5
Sch. A, line 5........................................................................................................................................................
page 4
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