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 a worksheet used by individual consumers in Rhode Island to calculate and report their use tax liability.

Q: What is use tax?
A: Use tax is a tax imposed on the use, storage, or consumption of tangible personal property purchased for use in Rhode Island.

Q: Who needs to use Schedule U?
A: Individual consumers in Rhode Island who have made purchases of taxable goods or services from out-of-state retailers that did not charge Rhode Island sales tax must use Schedule U to calculate and report their use tax.

Q: How do I use Schedule U?
A: To use Schedule U, you will need to gather information about your taxable purchases made during the year, determine the appropriate taxable amount for each purchase, and calculate your use tax liability based on the tax rate in your locality.

Q: When is the deadline to file Schedule U?
A: Schedule U must be filed and any use tax owed must be paid by April 15th of the following year.

Q: What happens if I don't file Schedule U or pay use tax?
A: Failure to file Schedule U or pay use tax can result in penalties, interest, and potential audit by the Rhode Island Division of Taxation.

Q: Can I get a refund for overpaid use tax?
A: Yes, if you overpaid use tax, you can request a refund from the Rhode Island Division of Taxation by filing an amended Schedule U.