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This version of the form is not currently in use and is provided for reference only. Download this version of
Form RI-1120S Schedule S
for the current year.
Form RI-1120S Schedule S Excess Net Passive Income Tax Calculation - Rhode Island
What Is Form RI-1120S Schedule S?
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.The document is a supplement to Form RI-1120S, Subchapter S Business Corporation Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form RI-1120S Schedule S?
A: Form RI-1120S Schedule S is a tax form used in Rhode Island to calculate the excess net passive income tax for S corporations.
Q: What is excess net passive income tax?
A: Excess net passive income tax is a tax imposed on S corporations that have excessive passive income.
Q: How is excess net passive income tax calculated?
A: The calculation of excess net passive income tax is done on Form RI-1120S Schedule S using specific instructions provided by the Rhode Island Department of Revenue.
Q: Who needs to file Form RI-1120S Schedule S?
A: S corporations in Rhode Island with excess net passive income are required to file Form RI-1120S Schedule S.
Form Details:
- The latest edition provided by the Rhode Island Department of Revenue - Division of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form RI-1120S Schedule S by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue - Division of Taxation.
