Statement of Assets Liabilities Income and Expenses
The Rhode Island Statement of Assets Liabilities Income and Expenses (ROSALIE) is an annual filing requirement for any individual, business, or organization doing business in the state of Rhode Island. ROSALIE requires a comprehensive financial statement that includes a balance sheet, income statement, and statement of changes in equity. The statement is used to assess and evaluate a business's financial health and performance. It is used by organizations to identify potential areas of improvement in their finances and operations. The ROSALIE filing requirements are divided into two categories: Corporate and Non-Corporate. The Corporate ROSALIE filing requires entities to provide a balance sheet, income statement, statement of changes in equity, and a statement of cash flows. Taxpayers are required to break down their assets by type, such as cash, accounts receivable, inventory, and property, plant, and equipment. The liabilities must be broken down into current liabilities and long-term liabilities. The income statement must include revenues, cost of goods sold, gross profit, expenses, and net income. The Non-Corporate ROSALIE filing requires entities to provide a balance sheet, income statement, and statement of changes in equity. Taxpayers are required to break down their assets by type, such as cash, accounts receivable, inventory, and property, plant, and equipment. The liabilities must be broken down into current liabilities and long-term liabilities. The income statement must include revenues, cost of goods sold, gross profit, expenses, and net income. The ROSALIE filing is due on the 15th day of the 4th month following the close of the taxpayer's taxable year. Taxpayers must file the statement electronically with the Rhode Island Division of Taxation.
The Rhode Island Statement of Assets Liabilities Income and Expenses (ROSALIE) is an annual filing requirement for any individual, business, or organization doing business in the state of Rhode Island. ROSALIE requires a comprehensive financial statement that includes a balance sheet, income statement, and statement of changes in equity. The statement is used to assess and evaluate a business's financial health and performance. It is used by organizations to identify potential areas of improvement in their finances and operations. The ROSALIE filing requirements are divided into two categories: Corporate and Non-Corporate. The Corporate ROSALIE filing requires entities to provide a balance sheet, income statement, statement of changes in equity, and a statement of cash flows. Taxpayers are required to break down their assets by type, such as cash, accounts receivable, inventory, and property, plant, and equipment. The liabilities must be broken down into current liabilities and long-term liabilities. The income statement must include revenues, cost of goods sold, gross profit, expenses, and net income. The Non-Corporate ROSALIE filing requires entities to provide a balance sheet, income statement, and statement of changes in equity. Taxpayers are required to break down their assets by type, such as cash, accounts receivable, inventory, and property, plant, and equipment. The liabilities must be broken down into current liabilities and long-term liabilities. The income statement must include revenues, cost of goods sold, gross profit, expenses, and net income. The ROSALIE filing is due on the 15th day of the 4th month following the close of the taxpayer's taxable year. Taxpayers must file the statement electronically with the Rhode Island Division of Taxation.