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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form T-74
for the current year.
Instructions for Form T-74 Banking Institution Excise Tax Return - Rhode Island
This document contains official instructions for Form T-74 , Banking Institution Excise Tax Return - a form released and collected by the Rhode Island Department of Revenue - Division of Taxation. An up-to-date fillable Form T-74 is available for download through this link.
FAQ
Q: What is Form T-74?
A: Form T-74 is the Banking InstitutionExcise Tax Return in Rhode Island.
Q: Who is required to file Form T-74?
A: Banking institutions in Rhode Island are required to file Form T-74.
Q: What is the purpose of Form T-74?
A: Form T-74 is used to report and pay the excise tax imposed on banking institutions in Rhode Island.
Q: What information is required to complete Form T-74?
A: The form requires information about the banking institution's income and deductions for the tax year.
Q: When is the deadline to file Form T-74?
A: Form T-74 must be filed by the last day of the fourth month following the close of the tax year.
Q: Are there any penalties for late filing of Form T-74?
A: Yes, there are penalties for late filing and late payment of the excise tax.
Q: Is there a minimum threshold for filing Form T-74?
A: Yes, banking institutions with total assets of less than $10 million are exempt from filing Form T-74.
Q: Can Form T-74 be filed electronically?
A: Yes, banking institutions have the option to file Form T-74 electronically.
Q: Is there a separate form for estimated tax payments?
A: No, estimated tax payments can be included with the annual Form T-74 filing.
Instruction Details:
- This 2-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Rhode Island Department of Revenue - Division of Taxation.
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