Schedule U Individual Consumer's Use Tax Worksheet - Rhode Island

What Is Schedule U?

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 Schedule U?
A: Schedule U is an Individual Consumer's Use Tax Worksheet.

Q: What is Use Tax?
A: Use Tax is a tax on the use, storage, or consumption of tangible personal property that is not subject to sales tax.

Q: Who needs to file Schedule U in Rhode Island?
A: Rhode Island residents who made purchases of taxable items for use, storage, or consumption in Rhode Island that were not subject to sales tax need to file Schedule U.

Q: What information is needed to complete Schedule U?
A: To complete Schedule U, you will need to provide information about your taxable purchases, including the types of items purchased and the total cost.

Q: How do I calculate the Use Tax owed?
A: To calculate the Use Tax owed, you will need to multiply the total cost of your taxable purchases by the applicable tax rate (7% in Rhode Island), and then subtract any sales tax paid.

Q: When is Schedule U due?
A: Schedule U is due with your Rhode Island individual income tax return, which is typically due on April 15th.

Q: What happens if I don't file Schedule U?
A: If you are required to file Schedule U and fail to do so, you may be subject to penalties and interest on the unpaid Use Tax amount.

Q: Is Use Tax only applicable in Rhode Island?
A: No, Use Tax is applicable in many states and is generally imposed when taxable items are purchased from out-of-state sellers who do not collect sales tax.