Rhode Island Fiduciary Income Tax Return Form 2001 Page 4

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QUESTIONS?
2001
Forms and taxpayer information are
Rhode Island
available:
• In person -
One Capitol Hill
Fiduciary
Providence, RI
• The telephone - (401) 222-1040
Tax Rate Schedules
• The web -
Estates
This table is to be used by :
Simple Trusts
Complex Trusts
For calendar year 2001 taxpayers or fiscal year taxpayers that have a year beginning in 2001
Taxable Income
of the
But Not
Pay
+
% on
amount
Over
Over
Excess
over
$
0
$
1,800
$
0
3.825%
$
0
1,800
4,250
68.85
7.140%
1,800
4,250
6,500
243.78
7.905%
4,250
6,500
8,900
421.64
9.180%
6,500
8,900
………
641.96
10.098%
8,900
Bankruptcy Estates
This table is to be used by :
For calendar year 2001 taxpayers or fiscal year taxpayers that have a year beginning in 2001
Taxable Income
of the
But Not
Pay
+
% on
amount
Over
Over
Excess
over
$
0
$
22,600
$
0
3.825%
$
0
22,600
54,625
864.45
7.140%
22,600
54,625
83,250
3,151.04
7.905%
54,625
83,250
148,675
5,413.84
9.180%
83,250
148,675
………
11,419.86
10.098%
148,675
Special Filing Instructions For Bankruptcy Estates:
• A Bankruptcy Estate Trust return does not relieve the individual debtor's obligation to file a RI-1040.
• The Bankruptcy Estate must have an Employer Identification Number. The SSN of the individual cannot be used.
• Use Form RI-1041 only as a Transmittal for Form RI-1040.
• On the top of Form RI-1040 write "Bankruptcy Estate - DO NOT DETACH."
• Compute the tax on Form RI-1040 using the tax rate schedule above.
• Attach Form RI-1040 to Form RI-1041.
• Complete only the identification area at the top of Form RI-1041.
• Enter the name of the individual in the following format: "John Q. Public Bankruptcy Estate."
• Enter the name of the trustee in the following format: "Jane Smith, Trustee."
• Enter the tax from line 13 of RI-1040 or line 13 of RI-1040NR on line 19 of RI-1041.

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