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kept for Rhode Island purposes. The gain or loss

which the credits must be used. Taxpayers claim-

late payment penalty will be assessed at 1/2%

on the sale or other disposition of the asset is to be

ing credits must attach RI Schedule CR and the

(0.0050) per month on the unpaid tax for each

determined, for Rhode Island purposes, using the

proper form(s) and other documentation to the

month or part of a month the tax remains unpaid.

Rhode Island depreciation schedule.

return; failure to do so will result in disallowance of

The maximum late payment penalty is 25%

the credit. A list of allowable Rhode Island credits

(0.2500).

TUITION SAVINGS PROGRAM – SECTION 529

is available on RI Schedule CR.

•Preparing or filing a fraudulent income tax return.

A modification decreasing federal adjusted

gross income may be claimed for contributions

If you do not see a particular credit on RI

USE OF FEDERAL INCOME TAX INFORMATION

made to a Rhode Island “qualified tuition program"

Schedule CR, that means the credit is no longer

All amounts reported from the Federal Form

under section 529 of the Internal Revenue Code,

allowed against personal income tax.

1040, 1040A, 1040EZ, 1040NR and 1040NR-EZ,

26 U.S.C. §529. The maximum modification shall

as well as those reported on Form RI-1040NR are

not exceed $500, $1,000 if a joint return, regard-

INTEREST

subject to verification and audit by the Rhode Island

less of the number of accounts. Taxpayers should

Any tax not paid when due, including failure to

Division of Taxation.

claim the modification on Schedule M, line 2G.

pay adequate estimated tax, is subject to interest at

The Rhode Island Division of Taxation and the

If the funds are rolled over to a Tuition Savings

the rates of 18% (.1800) per annum.

Internal Revenue Service exchange income tax

Plan of another state or are an unqualified with-

information to verify the accuracy of the information

Interest on refunds of tax overpayments will be

drawal, recapture is required.

reported on Federal and Rhode Island income tax

paid if the refund is not paid within 90 days of the

Taxpayers may also take a modification decreas-

returns.

due date or the date the completed return was filed,

ing federal adjusted gross income in the amount of

whichever is later. The interest rate for tax overpay-

any qualified withdrawal or distribution from the

ments is 3.25% (.0325) per annum.

“Tuition Saving Program” which is included in feder-

OTHER QUESTIONS

al adjusted gross income. Taxpayers should claim

Obviously the foregoing general instructions and

PENALTIES

the modification on Schedule M, line 2G.

the specific instructions for completing the return

The law provides for penalties in the following

form(s) which follow will not answer all questions

circumstances:

RHODE ISLAND TAX CREDITS

that may arise. If you have any doubt regarding

•Failure to file an income tax return by the due

Rhode Island law provides special Rhode Island

completion of your return, further assistance may

date. A late filing penalty will be assessed at 5%

tax credits which may be applied against the Rhode

be obtained at the Division of Taxation, One Capitol

(0.0500) per month on the unpaid tax for each

Island income tax. Before claiming any credits, tax-

Hill, Providence RI 02908-5801 or by calling the

month or part of a month the return is late. The

Personal Income Tax Section at (401) 574-8829,

payers should refer to the Rhode Island law and/or

maximum late filing penalty is 25% (0.2500).

regulations for specific requirements for each cred-

option #3.

•Failure to pay any tax due by the due date. A

it such as carry over provisions and the order in

SPECIFIC LINE INSTRUCTIONS

NAME AND ADDRESS

FILING STATUS

Complete the identification portion of the return,

Check the appropriate box to indicate your filing

Amount on Federal

Enter in box on

including your name and social security number,

status. Generally your filing status for Rhode Island

1040EZ, line 5

RI-1040NR, line 6

your spouse’s name and social security number (if

income tax purposes is the same as for Federal

Less than 5,950

applicable), address, daytime telephone number

income tax purposes.

5,950

and your city or town of legal residence.

9,750

Line 1 – Federal Adjusted Gross Income: Enter

11,900

ELECTORAL SYSTEM CONTRIBUTION

your federal adjusted gross income from Federal

15,700

You may designate a contribution of five dollars

Form 1040, line 37; 1040A, line 21; 1040EZ, line 4;

19,500

($5) or ten dollars ($10) if married and filing a joint

1040NR, line 36 or 1040NR-EZ, line 10.

return, to the account for the public financing of the

Federal Form 1040, line 6d; 1040A, line 6d or

electoral system. The first two dollars ($2) or four

Line 2 – Modifications: Enter your net modifica-

1040NR, line 7d. If you are filing a Federal Form

dollars ($4) if married and filing a joint return, up to

1040NR-EZ, enter 1. If you are filing a Federal

tions from page 5, RI Schedule M, line 3. If you are

a total of two hundred thousand dollars ($200,000)

1040EZ, enter the amount from the chart above in

claiming a modification, you must attach RI

the box on line 6.

collectively for all parties and the nonpartisan

Schedule M to your return. RI Schedule M is dis-

Multiply the number of exemptions in the box by

account, shall be allocated only to political parties

cussed further on page I-7 of these instructions.

$3,650.

which at the preceding general election, nominated

a candidate for governor and such candidate polled

Line 3 – Modified Federal Adjusted Gross

However, if line 3 is more than $181,900 see the

at least 5 percent of the entire vote cast in the state

Income: Determine your modified federal adjusted

Exemption Worksheet on page i (back of the front

for governor. The remaining funds shall be allocat-

gross income by combining the amount on line 1

cover) to compute your exemption amount.

ed for the public financing of campaigns for gover-

with the amount on line 2.

nor.

NOTE: If someone else can claim you on their return, your

An electoral system contribution will NOT

Line 4 – Deductions: Enter your Rhode Island

exemption amount is zero.

standard deduction from the list below.

Rhode

increase your tax due or reduce your refund.

Island does not allow the use of federal itemized

Line 7 – Rhode Island Taxable Income: Subtract

deductions.

DESIGNATION OF POLITICAL PARTY

line 6 from line 5.

If you don’t name a political party, your contribu-

Single

$7,800

tion will by credited to the nonpartisan general

Line 8 – Rhode Island Income Tax: Enter the RI

Married Joint

$15,600

account or you can check the box and designate a

income tax from the RI Tax Table or Tax

Qualifying Widower

$15,600

political party. If you designate:

Computation Worksheet.

Married Separate

$7,800

(1) a political party which did not receive at

Head of Household

$11,700

least 5 percent of the entire vote for Governor

Line 9 – Rhode Island Percentage of Allowable

in the preceding general election,

Federal Credits: Enter the amount of allowable

However, if line 3 is more than $181,900 see the

(2) a non-existent political party,

federal credits from page 2, RI Schedule I, line 25.

Exemption Worksheet on page i (back of the front

(3) a particular office,

cover) to compute your exemption amount.

(4) an individual officeholder or political figure

Line 10 – Rhode Island Tax After Allowable

Federal Credits – Before Allocation: Subtract line

NOTE: Nonresident alien individuals are not eligi-

(5) a national party which is not a state party,

9 from line 8.

If zero or less, enter zero.

ble for the Rhode Island standard deduction. If you

your electoral system contribution will be credited to

file Federal Form 1040NR or Federal Form

the nonpartisan general account.

Line 11 – Rhode Island Allocated Income Tax:

1040NR-EZ, enter $0 on this line.

If you designate more than one political party,

If ALL your income is from Rhode Island, check

your contribution will be credited to the first political

the first box and enter the amount from line 10 on

Line 5 - Subtract line 4 from line 3.

party named.

this line.

If you are a NON-RESIDENT with income from

Line 6 – Exemptions: Enter the amount from

Page I-3

Instructions For Form Ri-1040nr - For Rhode Island Nonresidents Or Part-Year Residents - 2012 Page 3

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