Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.
How to use or fill out form ri 1120s with our platform
Ease of Setup
DocHub User Ratings on G2
Ease of Use
DocHub User Ratings on G2
Click ‘Get Form’ to open the RI-1120S in the editor.
Begin by entering your Federal Employer Identification Number and RI Secretary of State ID number at the top of the form. Fill in the taxable year dates, your business name, address, and contact information.
Indicate if this is an initial return, short year, address change, pro forma, final return, or amended return by checking the appropriate boxes.
Complete Schedule A by entering your federal taxable income and total deductions. Ensure you attach a complete copy of all pages and schedules of your federal return.
Proceed to Schedule B for deductions and Schedule C for additions to federal taxable income. Carefully follow instructions for each line item.
Fill out any applicable schedules (D through I) as required based on your business activities and tax situation.
Review all entries for accuracy before signing and submitting the form electronically through our platform.
Start using our platform today to simplify your form completion process for free!
The RI-1040 Resident booklet contains returns and instructions for filing the 2024 Rhode Island Resident Individual Income Tax Return. Read the in- structions in this booklet carefully.
What is the minimum tax return for a Rhode Island S Corp?
Rhode Island corporate income tax Corporations pay a 7% tax on all Rhode Island taxable income, with a minimum tax of $400.
What is the difference between 1120 and 1120-S tax return?
C corporations use Form 1120 to calculate their taxes due. S corporations use Form 1120S as an information return. S corporations must also prepare a form 10 K-1 for each shareholder to include with their individual returns.
What type of business uses form 1120?
Businesses that must file Form 1120 include: C-Corporations All domestic C corporations, regardless of income, must file Form 1120. LLCs taxed as corporations If an LLC has elected to be taxed as a corporation by filing Form 8832, it must also file Form 1120.
Why would I file as an S Corp?
S corps offer advantages to small business owners because they provide tax benefits and the same limited liability protection as a corporation. Not all businesses qualify for S corporation status. Financial institutions, insurance companies, and multinational companies are ineligible.
Related Searches
Form ri 1120s pdfForm ri 1120s instructionsForm ri 1120s downloadRI-1120S instructions 2024form ri-1065RI-1065 Form 2023RI-1065 Form 2024RI-1065 instructions
S corporations, or s-corps, pass the profits and losses of the business directly to shareholders, who then report these amounts on their personal tax returns. S-corps generally arent subject to corporate income tax though they still need to file a yearly tax return using Form 1120-S.
Is the RI 7004 discontinued?
Rhode Island does not use Form RI-7004 for tax years after 2022. If an extension is being filed for the RI-1065, RI-1120S, RI-1120C, or RI-PTE, the extension must be filed using the Form BUS-EXT.
What is form 1120-S used for?
Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.
Related links
Corporate Tax Forms - Rhode Island Division of Taxation
Mar 6, 2025 Please use Microsoft Edge to get the best results when downloading a form. RI-1120S RI Schedule S (2024) Excess Net Passive Income Tax
280 R.I. Code R. 280-RICR-20-25-7.5 - Filing of Returns
If the taxable year of the LLC is a calendar year, Form RI-1120S shall be filed on or before the fifteenth (15th) day of March in the year following the close
Cookie consent notice
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.