Form RI-1120C 2017 Business Corporation Tax Return - Rhode Island

Form RI-1120C or the "Business Corporation Tax Return" is a form issued by the Rhode Island Department of Revenue.

Download a PDF version of the latest Form RI-1120C down below or find it on the Rhode Island Department of Revenue Forms website.

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State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990101
Business Corporation Tax Return
Federal employer identification number
RI Secretary of State ID number
For the taxable year from
MM/DD/2017
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
Combined
*If a combined return, how many companies are included in this return:
1120F
Change
Return*
A
Gross Receipts...............................................................................................................................................
A
B
Depreciable Assets.........................................................................................................................................
B
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 (see instructions) ......................................................................................................
1
2
Total Deductions from page 3, Schedule B, line 1h ........................................................................................
2
3
Total Additions from page 3, Schedule C, line 1e ...........................................................................................
3
4
Adjusted taxable income. Line 1 less line 2 plus line 3..................................................................................
4
_ . __________
5
5
6
6
Apportioned Rhode Island taxable income. Multiply line 4 times line 5 .........................................................
Research and development adjustments (see instructions,
7
attach schedule.............................................................................
Check if a Jobs
8
a
Pollution control and hazardous waste adjustment (see
Growth Tax is being
instructions)....................................................................................
reported on line 14b.
Capital investment deduction (see instructions).............................
8b
9
Total adjustments. Add lines 7, 8a and 8b .....................................................................................................
9
10
a
Rhode Island adjusted taxable income. Subtract line 9 from line 6...............................................................
10a
Due on or before the 15th day of the 4th month following the close of the taxable year
Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908
State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990101
Business Corporation Tax Return
Federal employer identification number
RI Secretary of State ID number
For the taxable year from
MM/DD/2017
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
Combined
*If a combined return, how many companies are included in this return:
1120F
Change
Return*
A
Gross Receipts...............................................................................................................................................
A
B
Depreciable Assets.........................................................................................................................................
B
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 (see instructions) ......................................................................................................
1
2
Total Deductions from page 3, Schedule B, line 1h ........................................................................................
2
3
Total Additions from page 3, Schedule C, line 1e ...........................................................................................
3
4
Adjusted taxable income. Line 1 less line 2 plus line 3..................................................................................
4
_ . __________
5
5
6
6
Apportioned Rhode Island taxable income. Multiply line 4 times line 5 .........................................................
Research and development adjustments (see instructions,
7
attach schedule.............................................................................
Check if a Jobs
8
a
Pollution control and hazardous waste adjustment (see
Growth Tax is being
instructions)....................................................................................
reported on line 14b.
Capital investment deduction (see instructions).............................
8b
9
Total adjustments. Add lines 7, 8a and 8b .....................................................................................................
9
10
a
Rhode Island adjusted taxable income. Subtract line 9 from line 6...............................................................
10a
Due on or before the 15th day of the 4th month following the close of the taxable year
Mail to RI Division of Taxation - One Capitol Hill - Providence, RI 02908
State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990102
Business Corporation Tax Return
Name
Federal employer identification number
10
b
Rhode Island adjusted taxable income from page 1, Schedule A, line 10a....................................................
Rhode Island income tax. Multiply line 10b times 7% (0.07).................................................................................
11
Rhode Island Credits from Schedule B-CR 2017 - Business Credit Schedule, line 21 ..................................
13
Tax. Subtract line 12 from line 11, but not less than the minimum tax of $400.00 .........................................
Recapture of credits........................................................................................................................................
14
a
b
Jobs Growth Tax.............................................................................................................................................
15
Total tax due. Add lines 13, 14a and 14b .......................................................................................................
16
Payments made on 2017 declaration of estimated tax..................
17
a
17a
b
Rhode Island pass-through withholding. Attach RI-1099PT(s).....
17b
a
TOTAL PAYMENTS. Add lines 16, 17a and 17b...........................................................................................
18a
b
Previously processed overpayments (if filing an amended return).................................................................
18b
NET PAYMENTS. Subtract line 18b from line 18a.........................................................................................
19
Net tax due. Subtract line 18c from line 15....................................................................................................
19
20
a
Late payment interest....................................................................
20a
Late payment penalty.....................................................................
b
20b
c
Underestimating interest................................................................
20c
d
Late filing penalty...........................................................................
20d
Total interest and penalty amounts. Add lines 20a, 20b, 20c and 20d...........................................................
e
20e
21
Total due with return. Add lines 19 and 20e (Please use Form RI-1120V). ...................................................
21
22
Overpayment. Subtract lines 15 and 20e from line 18c.................................................................................
22
Amount of overpayment to be credited to 2018..............................................................................................
23
23
24
Amount of overpayment to be refunded. Subtract line 23 from line 22.......................................................... 24
Page 2
State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990103
Business Corporation Tax Return
Name
Federal employer identification number
Schedule B - Deductions to Federal Taxable Income
1
a
Net operating loss deduction (see instructions - attach schedule) .................................................................
b
Special deductions..........................................................................................................................................
1b
Exempt dividends and interest from page 4, Schedule E, line 10..... .............................................................
1c
Foreign dividend gross-up (s78) US 1120, Schedule C, line 15.............. .......................................................
1d
d
e
Bonus deprecation and Section 179 expense adjustment..............................................................................
1e
Discharge of business indebtedness claimed as income on Federal return and previously included
f
1f
as RI income under American Recovery and Reinvestment Act of 2009 under RIGL §44-66-1.....................
1g
g
Modification for Tax Incentives for Employers under RIGL §44-55-4.1. Attach Form RI-107 ........................
1h
h
TOTAL DEDUCTIONS. Add lines 1a through 1g. Enter here and on RI-1120C, page 1, Schedule A, line 2....
Schedule C - Additions to Federal Taxable Income
Interest (see instructions) ...............................................................................................................................
1
a
1a
1b
b
Rhode Island corporate taxes (see instructions) ............................................................................................
c
Bonus depreciation.........................................................................................................................................
1c
Domestic Production Activity addback............................................................................................................
d
1d
TOTAL ADDITIONS. Add lines 1a through 1d. Enter here and on RI-1120C, page 1, Schedule A, line 3.........
e
1e
page 3
State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990104
Business Corporation Tax Return
Name
Federal employer identification number
Schedule D - General Information
Location of principal place of business in Rhode Island..........................................
1
a
b
Location of corporation's books and records...........................................................
c
List states to which you are liable for income or excise taxes for the taxable year..
d
State and date of incorporation
e
President
Treasurer
2
a
Salaries and wages paid or incurred in Rhode Island......................................................................................................
2a
Salaries and wages paid or incurred everywhere.............................................................................................................
b
2b
3
a
Total RI average net book value of assets........................................................................................................................
3a
Total everywhere average net book value of assets..........................................................................................................
b
3b
Schedule E - Exempt Dividends and Interest
1
Dividends received from shares of stock of any payer liable for RI taxes as outlined in Chapters 11, 13, & 14 (attach schedule)
1
2
Amount of such dividends included in Special Deductions, Schedule B, line 1b............................................................................
2
3
Balance of Exempt Dividends. Line 1 less line 2 ...........................................................................................................................
3
Foreign Dividends included on line 13, 14 & 17 Schedule C, US 1120
4
More than 20% owned
X 80% ...........................................................................................................................
4
5
Less than 20% owned
X 70% ............................................................................................................................
5
6
100% owned
X 100%.........................................................................................................................................
6
7
Interest on obligations of public service corporations liable for Rhode Island Gross Earnings Tax ................................................
7
8
Interest on certain obligations of the US (attach schedule) ............................................................................................................
8
9
Interest on obligations of US possessions and other interest exempt under Rhode Island Law (attach schedule)........................
9
Total. Add lines 3 through 9. Enter here and on page 3, Schedule B, line 1c... ............................................................................
10
10
Schedule F - Federal Taxable Income
(US 1120, page 1, line 28)
Enter amount for
2017
2016
2015
2014
2013
year that ended:
page 4
State of Rhode Island and Providence Plantations
2017 RI-1120C
17110199990105
Business Corporation Tax Return
Name
Federal employer identification number
Schedule G - Apportionment
Check if utilizing an alternative allocation apportionment calculation
Column A
Column B
allowed under 44-11-14.1 through 44-11-14.6
Rhode Island
Everywhere
Rhode Island Sales........................
{
1
a
Gross receipts............................
1a
Sales Under 44-11-14(a)(2)(i)(B)...
b
Dividends...........................................................................................
1b
c
Interest..............................................................................................
1c
d
Rents.................................................................................................
1d
e
Royalties............................................................................................
1e
f
Capital gains......................................................................................
g
Ordinary income................................................................................
1g
h
Other income.....................................................................................
1h
i
Income exempt from federal taxation................................................
1i
j
Total. Add lines 1a, 1b, 1c, 1d, 1e, 1f, 1g, 1h and 1i.........................
1j
_ . __________
Ratio in Rhode Island, line 1j, Column A divided by line 1j, Column B.
Calculate to six (6) decimal places.
2
2
Enter here and on page 1, Schedule A, line 5.............................................................................................
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 5

Download Form RI-1120C 2017 Business Corporation Tax Return - Rhode Island

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