Form Ri-1041es - Rhode Island Fiduciary Estimated Payment Worksheet - 2014

Download a blank fillable Form Ri-1041es - Rhode Island Fiduciary Estimated Payment Worksheet - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Ri-1041es - Rhode Island Fiduciary Estimated Payment Worksheet - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

2014
Form RI-1041ES
Rhode Island Fiduciary
Estimated Payment Coupons
PURPOSE OF FORM
PAYMENTS OF ESTIMATED TAX
installment of estimated tax, you may attach
This form provides a means of paying your
Except as provided for in the next paragraph
Form RI-2210 (if any of the exceptions apply)
Rhode Island income tax on a current basis
of instructions, the estimated tax on line 15 of
to your Rhode Island Fiduciary income tax
on income other than salaries or wages
the worksheet is payable as follows: 25% on
return explaining why an additional charge
subject to withholding. If you are entitled to a
or before April 15, 2014; 25% on or before
should not be made.
Note: Estates are not required to file a decla-
refund because the amount paid or credited
June 15, 2014; 25% on or before September
ration of estimated tax for the first two years
as estimated tax for the taxable period
15, 2014 and 25% on or before January 15,
after a decedent’s death.
exceeds your actual tax liability, you must file
2015.
an income tax return to obtain the refund.
PENALTIES
FISCAL YEAR TAXPAYERS
The law imposes penalties and interest
If you report income on a fiscal year basis,
WHO MUST MAKE ESTIMATED PAYMENTS
charges for failing to pay the estimated tax
substitute the corresponding fiscal year
Every estate and trust shall make esti-
due or for making false or fraudulent state-
months for the months specified in the previ-
mated Rhode Island income tax payments if
ments.
ous instructions. For example, if your fiscal
their estimated Rhode Island income tax can
year begins on April 1, 2014, your estimated
be reasonably expected to be $250 or more
PAYMENT BY CREDIT CARD
payments will be due on July 15, 2014,
in excess of any credits allowable against
TO PAY BY CREDIT CARD: You may use
together with 25% of the estimated tax. In this
their tax, whether or not they are required to
your American Express® Card, Discover®
instance, 25% will be due on or before
file a federal estimated tax for such year.
Card, Visa® Card or MasterCard® card. To
September 15, 2014; 25% on or before
pay by credit card, call toll free or access by
December 15, 2014 and 25% on or before
MODIFICATIONS TO FEDERAL TOTAL INCOME
Internet the service provider listed on this
April 15, 2015.
Taxpayers with modifications increasing or
page and follow the instructions of the
decreasing federal total income may refer to
provider. A convenience fee will be charged
AMENDED ESTIMATED PAYMENTS
Form RI-1041, Schedule M for examples of
by the service provider based on the amount
If, after having paid one or more installments of
income to be entered as modifications.
you are paying. You will be told what the fee
tax, the taxpayer finds that his or her estimated
is during the transaction and you will have the
tax should be increased or decreased by a
CHANGES IN INCOME
option to either continue or cancel the trans-
change in income, he or she must file an amend-
Even though on April 15, 2014 you do not
action. You can also find out what the fee will
ed estimate on or before the next filing date. If
expect your tax to be large enough to require
be by calling the provider’s toll-free automat-
an amendment is made after September 15th
making estimated payments, a change in
ed customer service number or visiting the
of the taxable year any balance due should be
income may require you to make estimated
provider’s Web Site shown below. If you paid
paid at the time of filing the amendment. (SEE
payments later.
by credit card, enter on Form RI-1041ES in
AMENDED ESTIMATED TAX SCHEDULE)
the lower right hand corner the confirmation
If you file your 2014 income tax return by
number you were given at the end of the
CREDIT FOR INCOME TAX OVERPAYMENT
February 15, 2015 and pay the full balance of
transaction and the amount of your tax pay-
Your credit for income tax overpayment from
tax due, YOU NEED NOT: (a) make an orig-
ment (not including the convenience fee).
your 2013 Rhode Island income tax return may
inal estimated payment otherwise due for the
Official Payments Corporation
be deducted from the first installment of your
first time on January 15, 2015 or (b) pay the
2014 estimated tax, and any excess credit from
last installment of estimated tax otherwise
1-800-2PAY-TAX (1-800-272-9829)
succeeding installments. However, if you desire
due and payable on January 15, 2015.
to spread the credit, divide it by the number
On line payments
of installments and enter on line 14 of
HOW TO ESTIMATE YOUR TAX FOR 2014
RI-1041ES worksheet.
Your 2014 estimated income tax may be based
upon your 2013 income tax liability. If you wish
Customer Service
CHARGE
FOR
UNDERPAYMENT
OF
to compute your 2014 estimated income tax,
1-877-754-4413
INSTALLMENTS OF ESTIMATED TAX
use the enclosed estimated tax worksheet.
OTHER QUESTIONS
An interest charge is imposed for underpay-
Obviously, the foregoing instructions for
ment of an installment of estimated tax. The
WHEN AND WHERE TO MAKE ESTIMATES
completing these forms will not answer all
Rhode Island income tax law follows similar
Make your first estimated payment for the
questions that may arise. If you have any
provisions of the Internal Revenue Code with
period January 1, 2014 through December 31,
doubt regarding completion of your forms,
respect to exceptions. Such charge on any
2014, on or before April 15, 2014. It must be
additional assistance may be obtained by
unpaid installment shall be computed on the
filed together with the payment due with the:
going the Division of Taxation, One Capitol
amount by which the actual payments and
Hill, Providence, RI 02908-5810, by visiting
credits applied to the tax are less than 80% of
Rhode Island Division of Taxation
the Division of Taxation’s website at
such installment at the time it is due. If it
Dept #83, PO Box 9703
, or by calling the Personal
appears there was an underpayment of any
Providence, RI 02940-9703
Income Tax Section at (401) 574-8829, option #3.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 4