Form Ri-1040c - Rhode Island Composite Income Tax Return

Line 11 - Rhode Island Tax after credits -

Line 25 - Enter the amount of the over-

Line 28D - Enter the Rhode Island and

subtract Rhode Island credits (line 11)

payment (line 24) that you would like

the Total amounts for Rents.

from Rhode Island Income Tax (line 10).

refunded.

If less than zero, enter zero.

Line 28E - Enter the Rhode Island and the

Line 26 - Enter the amount of the over-

Total amounts for Royalties.

Line 12 - Calculate the Rhode Island

payment (line 24) that you would like

income tax using the Rhode Island

applied to your 2008 RI-1040C estimated

Line 28F - Enter the Rhode Island and the

Alternative Flat Tax rate of 7.5%.

tax.

Total amounts for Net Capital Gains.

Line 13 - Rhode Island Income Tax

SECTION C: APPORTIONMENT

Line 28G - Enter the Rhode Island and

In the apportionment section, you will be

amount, the lesser of line 11 or line 12. If

the Total amounts for Ordinary Income.

using the alternative flat tax rate,

using a three factor formula to determine

please check the flat tax rate box.

the Rhode Island apportionment ratio for

Line 28H - Enter the Rhode Island and

the qualified electing nonresident mem-

the Total amounts for Other Income.

Line 14 - Qualified electing nonresident

bers.

Line 28I I - Enter the Rhode Island and the

members’ percentage of ownership. If all

In column A, you will be entering the

members are nonresidents, enter 1.0000.

Total amounts for Income Exempt from

Rhode Island portion of each item. In col-

(Calculate ratio to four decimal places.)

Federal Taxation.

umn B you will entering the Total (from

everywhere) amount of each item.

Line 15 - Rhode Island Tax of the qualified

Line 28J - Total the Receipts items - Add

electing nonresident members - multiply

lines 28A, 28B, 28C, 28D, 28E, 28F, 28G,

Rhode Island Income Tax (line 13) by the

Average Net Book Value

28H and 28I.

qualified electing nonresident members’

Line 27A - Enter the Rhode Island and the

percentage of ownership (line 14).

Total amounts for Inventory.

Line 28K - Average Rhode Island

Receipts Ratio - divide line 28J in column

Line 27B - Enter the Rhode Island and

Line 16 - Rhode Island estimated pay-

A by line 28J in column B.

(Calculate

the Total amounts for Depreciable

ments made on RI 1040C-ES and amount

ratio to four decimal places.)

Assets.

applied from 2006 composite return.

Salaries

Line 17 - Enter any nonresident real

Line 27C - Enter the Rhode Island and

Line 29A - Enter the Rhode Island and the

estate withholding paid on behalf of the

the Total amounts for Land.

Total amounts for Salaries and Wages

qualified electing nonresident members.

paid or incurred.

Line 27D - Enter the Rhode Island and

the Total amounts for Rent (8 times the

Line 18 - Enter any Rhode Island nonresi-

Line 29B - Average Rhode Island Salaries

annual net rental rate).

dent withholding from pass-through enti-

Ratio - divide line 29A in column A by line

ties from Form RI 1099-PT, box 8 that was

29A in column B.

(Calculate ratio to four

Line 27E - Total the Net Book Value items

made on behalf of entity members before

decimal places.)

electing to be included on the composite

- Add lines 27A, 27B, 27C and 27D.

return. Be sure to attach the Form(s) RI

Rhode Island Apportionment Ratio

1099-PT to the composite filing.

Line 27F - Average Rhode Island Net

Line 29 - Total the three ratios by adding

Book Value Ratio - divide line 27E in col-

lines 27F, 28K and 29B.

umn A by line 27E in column B

(Calculate

Line 19- Enter any other payments. If an

ratio to four decimal places.)

extension was filed, enter the amount paid

Line 30 - Apportionment Ratio: If all three

with the extension, attach the extension

ratio factors were used, divide line 29 by

Receipts

form, Form RI-4868C, to your return and

the number 3. If all three ratio factors

Line 28A - Enter the Rhode Island amount

check the box indicating that the extension

were not used, divide line 29 by the num-

is attached.

for sales under R.I.G.L. 44-11-

ber of ratios used.

(Calculate ratio to

14(a)(2)(i)(B), the amount for all other

four decimal places.)

Enter the number

Line 20 - Total all payments. Add lines 16,

Rhode Island sales and the Total amount

here on line 30 and on page 1, Section A,

17, 18 and 19.

for Gross Receipts.

line 7.

Due to the passage of R.I.G.L. 44-11-

Line 21 - Amount due - If line 15 is larger

SECTION D: MEMBER INFORMATION

14(a)(2)(i)(B), gross sales of tangible

than line 20, subtract line 20 from line 15.

Enter the names, addresses, social securi-

personal property where shipments are

This is the amount of tax you owe.

ty numbers, the amount of Rhode Island

made from an office, store, warehouse,

source income and the amount of Rhode

Line 22 - Underestimating interest due. If

factory or other place of storage in this

Island tax for each qualified electing non-

you have prepared the RI-2210C, check

state and the taxpayer is not taxed in

resident member.

the box on line 22 and attach the RI-

the state of purchase must now be

2210C to the return.

included in the Receipts section of the

If more space is needed, attach additional

Rhode Island apportionment column.

schedules to the return.

Only include sales as of July 1, 2007.

Line 23 - Total amount due - add tax due

SIGN AND DATE THE RETURN

This gross receipts amount will be list-

(line 21) plus the underestimating interest

An officer representing the pass-through

ed separately on the apportionment

due (line 22). This is the total amount

entity must sign and date the return. An

schedule from the amount of all other

due. Complete payment voucher RI

unsigned return cannot be processed. Any

1040C-V and send in with return and pay-

Rhode Island sales.

paid preparer who prepares the return must

ment made to R.I. Division of Taxation.

also sign as “preparer.” If you wish to allow

Line 28B - Enter the Rhode Island and

the R.I. Division of Taxation to contact your

the Total amounts for Dividends.

Line 24 - Overpayment - If line 15 is

paid preparer should questions arise

smaller than line 20, subtract line 15 from

regarding your return, please check the box

Line 28C - Enter the Rhode Island and

line 20. This is your overpayment amount.

above your preparer’s name.

the Total amounts for Interest.

Form Ri-1040c - Rhode Island Composite Income Tax Return - 2007 Page 4

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