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Click ‘Get Form’ to open the RI-1065 in the editor.
Begin by entering your Federal Employer Identification Number and RI Secretary of State ID number at the top of the form. Ensure that you also fill in the taxable year dates.
In the 'Name' and 'Address' sections, provide your partnership's details, including city, state, and ZIP code. Don’t forget to include an email address for correspondence.
Proceed to complete Schedule A by calculating your federal taxable income and total deductions. Input these values accurately as they are crucial for determining your tax obligations.
Continue filling out Schedules B and C for deductions and additions to federal taxable income. Make sure to follow any specific instructions provided for each line item.
Review all entries carefully before submitting. Use our platform’s features to save or share your completed form directly from Google Workspace.
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Form 1065, U.S. Return of Partnership Income, is the primary partnership tax return. Its an information return used by partnerships to provide a statement of financial performance and position to the IRS each tax year.
What is the minimum tax in Rhode Island 1065?
This is because pass-through entities (including Single-Member and Multi-Member LLCs) must also pay the Rhode Island Minimum Tax. This tax costs $400 per year and is paid to the Rhode Island Department of Revenue. Single-Member and Multi-Member LLCs must file Form RI-1065 to pay this tax each year.
Who is required to file a Rhode Island tax return?
According to Rhode Island Instructions for Form RI-1040, you must file a Rhode Island income tax return: If you are a Rhode Island resident and you are required to file a federal return, you must also file a Rhode Island return.
Who must file a Rhode Island partnership return?
LLCs, LLPs, LPs, Partnerships and SMLLCs: Limited liability companies not treated as a corporation on the federal level, limited liability partnerships, general partnerships, and single member limited liability companies are required to file an annual tax return using Form RI-1065.
Who must file form 1065?
All domestic business partnerships headquartered in the United States must file Form 1065 each year, including general partnerships, limited partnerships, and limited liability companies (LLCs) classified as partnerships with at least two members.
Rhode Island like the federal government and many states has a pay-as-you-earn income tax system. Under that system, employers are required to withhold a portion of their employees wages and to periodically turn over those withheld funds to the RI Division of Taxation.
What is the RI income tax?
Like most other states in the Northeast, Rhode Island has both a statewide income tax and sales tax. The income tax is a progressive tax with rates ranging from 3.75% up to 5.99%. The highest marginal rate applies to taxpayers earning more than $176,050 for tax year 2024.
Related links
280 R.I. Code R. 280-RICR-20-25-7.5 - Filing of Returns
If the taxable year of the LLC is a fiscal year, Form RI-1065 shall be filed on or before the fifteenth (15th) day of the fourth (4th) month following the close
Corporate Tax Forms - Rhode Island Division of Taxation
Mar 6, 2025 Business Corporation Tax General Instructions Business Corporation Tax General Instructions RI-1065 (2024) Partnership Income Return RI-1065
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