Form RI-1041 Fiduciary Income Tax Return - Rhode Island

What Is Form RI-1041?

This is a legal form that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form RI-1041?
A: Form RI-1041 is the Fiduciary Income Tax Return for Rhode Island.

Q: Who needs to file Form RI-1041?
A: Any fiduciary (such as an executor or trustee) who has income from a trust or estate in Rhode Island needs to file Form RI-1041.

Q: What information is required on Form RI-1041?
A: Form RI-1041 requires information about the fiduciary, the trust or estate, and the income and deductions for the tax year.

Q: When is the deadline to file Form RI-1041?
A: The deadline to file Form RI-1041 is April 15th, or the 15th day of the 4th month following the close of the tax year.

Q: Is there a separate state tax rate for fiduciary income in Rhode Island?
A: No, Rhode Island applies the same tax rates to fiduciary income as it does to individual income.

Q: Can Form RI-1041 be filed electronically?
A: Yes, Rhode Island supports electronic filing of Form RI-1041.

Q: Are there any special considerations for non-resident fiduciaries?
A: Non-resident fiduciaries are subject to Rhode Island income tax on income from Rhode Island sources only.

Q: Are there any penalties for late filing of Form RI-1041?
A: Yes, late filing of Form RI-1041 may result in penalties and interest on the balance due.

Q: What if I need more time to file Form RI-1041?
A: If you need more time to file Form RI-1041, you can request a six-month extension using Form RI-7004.