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. Check the official instructions before completing and submitting the form.
Q: What is Form RI-706?
A: Form RI-706 is the Estate Tax Return for the state of Rhode Island.
Q: Who needs to file Form RI-706?
A: The executor of an estate where the date of death is on or after January 1, 2015 in Rhode Island needs to file Form RI-706.
Q: What is the purpose of Form RI-706?
A: Form RI-706 is used to report and pay estate taxes to the state of Rhode Island.
Q: What is the due date for filing Form RI-706?
A: The due date for filing Form RI-706 depends on the date of death. It is generally due within 9 months after the date of death.
Q: Are there any extensions available for filing Form RI-706?
A: Yes, an extension of time to file Form RI-706 may be granted for up to 6 months. However, any taxes owed must still be paid by the original due date.
Q: Is there a minimum threshold for filing Form RI-706?
A: Yes, as of 2021, estates with a gross value of $1,683,706 or less are not required to file Form RI-706.
Q: What happens if Form RI-706 is not filed?
A: If Form RI-706 is not filed or filed late, penalties and interest may be assessed by the state of Rhode Island.
Q: Are there any additional forms or attachments required with Form RI-706?
A: Yes, various schedules and attachments may be required depending on the specific circumstances of the estate. It is recommended to consult the instructions for Form RI-706 for details.
Form Details:
Download a fillable version of Form RI-706 by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue - Division of Taxation.