Form Ri-1120c - Business Corporation Tax Return - 2005

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RI-1120C
2005 Rhode Island Business Corporation Tax Return
TO BE FILED BY C CORPORATIONS ONLY for calendar year 2005 or
Initial Return
fiscal year beginning
, 2005 - ending
, 2006.
th
rd
Due on or before the 15
day of the 3
month after close of the taxable year.
Consolidated
Corporate Name and Address (Please print or type):
Return
Final Return
Short Year
Address Change
Federal Identification Number
A. Gross Receipts
B. Depreciable Assets
C. Total Assets
Schedule A - Computation of Tax
Note: Attach legible copy of all pages and schedules of Federal Return
1.
1. Federal Taxable Income (see instructions) .......................................................................................................
2a.
Deductions
2. a. Net operating loss deduction (see instructions - attach schedule)....................
2b.
b. Special deductions.............................................................................................
2c.
c. Exempt dividends and interest - from page 2, Schedule B, line 10 ..................
2d.
d. Foreign dividend grossup (s78) US 1120, Schedule C, Line 15 .......................
2e.
e. Bonus Depreciation and Section 179 expense adjustment................................
3.
3. Total Deductions - Add lines 2a, 2b, 2c, 2d and 2e ..........................................................................................
4a.
Additions
4. a. Interest (see instructions) ...................................................................................
4b.
b. Rhode Island corporate taxes (see instructions) ...............................................
4c.
c. Bonus Depreciation and Section 179 expense adjustment...............................
5.
5. Total Additions - Add line 4a, 4b and 4c ...........................................................................................................
6.
Adjustments
6. Adjusted taxable income - Line 1 less line 3 plus line 5...................................................................................
7.
_._ _ _ _ _ _
7. Rhode Island Apportionment Ratio - from schedule F, line 5 ...........................................................................
8.
8. Rhode Island taxable income - Multiply line 6 by line 7 ...................................................................................
9.
9. Research and development adjustments (see instructions, attach schedule) .......
10a.
10. a. Pollution control and hazardous waste adjustment (see instructions) ..............
10b.
b. Capital investment deduction ............................................................................
11.
11. Total - add lines 9, 10a, and 10b ......................................................................................................................
12. Rhode Island adjusted taxable income - line 8 plus or minus line 11 ..............................................................
12.
13.
Tax and
13. Rhode Island income tax - 9% of line 12..........................................................................................................
Credits
14. RI Credits: 3468 (ITC)
7695P (R&D Property)
RI-2441
7695E (R&D Expense)
Historic Structure
Enterprise Zone
Other (
)
14.
Check if a
15.
15. Tax - line 13 less line 14 but not less than $500.00 (see instructions for Franchise Tax Calculation) .............
Jobs Growth
16.
Tax is being
16. (a.) Recapture of credits _______________ (b.) Jobs Growth Tax _______________ Total (a.) + (b.) .........
reported on
17.
17. Tax due - add lines 15 and 16 ..........................................................................................................................
line 16b.
18. Payments made on 2005 declaration of estimated tax .........................................
18.
19. Other payments including R.I. Pass-through withholding......................................
19.
20. Total payments - add lines 18 and 19...............................................................................................................
20.
21.
Balance Due
21. Net tax due - Line 17 less line 20 .....................................................................................................................
22. (a) Interest
(b) Penalty
(c) Form 2220 Interest
22.
23. Total due with return - Add lines 21 and 22. (Please use RI-1120V Form) ......................................................
23.
24.
Refund
24. Overpayment - Line 20 less line 17 ..................................................................................................................
25.
25. Credited to 2006 estimated tax.........................................................................................................................
26.
26. Refund - line 24 less line 25 .............................................................................................................................
Under penalties of perjury, I declare that I have examined this return, including the accompanying schedules and statements, and to the best of my knowl-
edge it is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge.
Date
Signature of authorized officer
Title
Date
Signature of preparer
Address of preparer
MAY THE DIVISION CONTACT YOUR PREPARER ABOUT THIS RETURN?
YES
NO
Mailing address: Rhode Island Division of Taxation, One Capitol Hill, Providence, RI 02908-5811

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