Instructions for Form T-74 Banking Institution Excise Tax Return - Rhode Island

Form T-74 Banking Institution Excise Tax Return - Rhode Island

This document contains official instructions for Form T-74 , Banking Institution Excise Tax Return - a form released and collected by the Rhode Island Department of Revenue - Division of Taxation. An up-to-date fillable Form T-74 is available for download through this link.

FAQ

Q: What is Form T-74?A: Form T-74 is the Banking InstitutionExcise Tax Return specific to Rhode Island.

Q: Who needs to file Form T-74?A: Banking institutions operating in Rhode Island need to file Form T-74.

Q: What is the purpose of Form T-74?A: Form T-74 is used to report and pay the excise tax for banking institutions in Rhode Island.

Q: When is Form T-74 due?A: Form T-74 is due on the 15th day of the fourth month following the end of the taxpayer's tax year.

Q: Are there any penalties for late filing?A: Yes, there are penalties for late filing and late payment of the excise tax. It is important to file and pay on time.

Q: What should I do if I have questions about Form T-74?A: If you have questions about Form T-74, you should contact the Rhode Island Division of Taxation for assistance.

Q: Is there any additional documentation required with Form T-74?A: Additional documentation may be required depending on the specific circumstances of the banking institution. It is best to review the instructions and consult with the Rhode Island Division of Taxation if needed.