Get Ri-1120s - Subchapter S Business Corporation Tax Return

This guide provides a clear and supportive approach to completing the RI-1120S tax return online. By following these instructions, users can easily navigate through each section of the form and ensure all necessary information is accurately entered.

Follow the steps to successfully complete the RI-1120S form.

1. Click ‘Get Form’ button to obtain the RI-1120S form and open it in your online editor.
2. Enter your federal employer identification number and RI Secretary of State ID number in the respective fields. These are crucial for identifying your corporation.
3. Fill in the taxable year, indicating the start and end dates in the MM/DD/YYYY format.
4. Complete the corporate name and address information including city, state, and ZIP code. Provide an email address for further correspondence.
5. Mark the appropriate checkboxes to indicate if this is an initial return, short year, address change, pro forma, final return, or amended return. If applicable, include the number of Q-Sub companies.
6. Enter the respective financial figures in the Gross Receipts, Depreciable Assets, and Total Assets fields as appropriate for your corporation.
7. On Schedule A, compute your tax by entering your federal taxable income, deductions, additions, adjusted taxable income, and Rhode Island apportionment ratio. Ensure to attach a complete copy of your federal return.
8. Proceed to complete Schedules B and C for deductions and additions to federal taxable income, ensuring totals from these schedules are accurately transferred to Schedule A.
9. Fill out Schedule D if you have any Rhode Island credits to report, and complete Schedule E for any other deductions relevant to your business.
10. Review Schedule F to check for any taxable income changes made by the federal government that need reporting.
11. Provide the general information as required in Schedule G, including locations of your business and records.
12. Complete Schedule H with actual federal taxable income for the past years listed.
13. In Schedule I, calculate your apportionment ratios based on your assets and receipts, entering them where indicated.
14. Once all fields are complete and reviewed for accuracy, you can save changes, download, print, or share the completed form for submission.

Complete and file your RI-1120S form online to ensure compliance with Rhode Island tax regulations.