Form Ri-1041es - Rhode Island Fiduciary Estimated Payment Coupon - 2013

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2013
Form RI-1041ES
Rhode Island Fiduciary
Estimated Payment Coupons
PURPOSE OF FORM
PAYMENTS OF ESTIMATED TAX
Form RI-2210 (if any of the exceptions apply)
This form provides a means of paying your
Except as provided for in the next paragraph
to your Rhode Island Fiduciary income tax
Rhode Island income tax on a current basis
of instructions, the estimated tax on line 15 of
return explaining why an additional charge
on income other than salaries or wages
the worksheet is payable as follows: 25% on
should not be made.
subject to withholding. If you are entitled to a
or before April 15, 2013; 25% on or before
Note: Estates are not required to file a decla-
refund because the amount paid or credited
June 15, 2013; 25% on or before September
ration of estimated tax for the first two years
as estimated tax for the taxable period
15, 2013 and 25% on or before January 15,
after a decedent’s death.
exceeds your actual tax liability, you must file
2014.
PENALTIES
an income tax return to obtain the refund.
The law imposes penalties and interest
FISCAL YEAR TAXPAYERS
charges for failing to pay the estimated tax
If you report income on a fiscal year basis,
WHO MUST MAKE ESTIMATED PAYMENTS
due or for making false or fraudulent state-
substitute the corresponding fiscal year
Every estate and trust shall make esti-
ments.
months for the months specified in the previ-
mated Rhode Island income tax payments if
ous instructions. For example, if your fiscal
their estimated Rhode Island income tax can
PAYMENT BY CREDIT CARD
year begins on April 1, 2013, your estimated
be reasonably expected to be $250 or more
TO PAY BY CREDIT CARD: You may use
payments will be due on July 15, 2013,
in excess of any credits allowable against
your American Express® Card, Discover®
together with 25% of the estimated tax. In this
their tax, whether or not they are required to
Card, Visa® Card or MasterCard® card. To
instance, 25% will be due on or before
file a federal estimated tax for such year.
pay by credit card, call toll free or access by
September 15, 2013; 25% on or before
Internet the service provider listed on this
December 15, 2013 and 25% on or before
MODIFICATIONS TO FEDERAL TOTAL INCOME
page and follow the instructions of the
April 15, 2014.
Taxpayers with modifications increasing or
provider. A convenience fee will be charged
decreasing federal total income may refer to
by the service provider based on the amount
AMENDED ESTIMATED PAYMENTS
Form RI-1041, Schedule M for examples of
you are paying. You will be told what the fee
If, after having paid one or more installments of
income to be entered as modifications.
is during the transaction and you will have the
tax, the taxpayer finds that his or her estimated
option to either continue or cancel the trans-
tax should be increased or decreased by a
CHANGES IN INCOME
action. You can also find out what the fee will
change in income, he or she must file an amend-
Even though on April 15, 2013 you do not
be by calling the provider’s toll-free automat-
ed estimate on or before the next filing date. If
expect your tax to be large enough to require
ed customer service number or visiting the
an amendment is made after September 15th
making estimated payments, a change in
provider’s Web Site shown below. If you paid
of the taxable year any balance due should be
income may require you to make estimated
by credit card, enter on Form RI-1041ES in
paid at the time of filing the amendment. (SEE
payments later.
the lower right hand corner the confirmation
AMENDED ESTIMATED TAX SCHEDULE)
number you were given at the end of the
If you file your 2013 income tax return by
transaction and the amount of your tax pay-
CREDIT FOR INCOME TAX OVERPAYMENT
February 15, 2014 and pay the full balance of
ment (not including the convenience fee).
Your credit for income tax overpayment from
tax due, YOU NEED NOT: (a) make an orig-
your 2012 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, 2014 or (b) pay the
1-800-2PAY-TAX (1-800-272-9829)
2013 estimated tax, and any excess credit from
last installment of estimated tax otherwise
succeeding installments. However, if you desire
due and payable on January 15, 2014.
On line payments
to spread the credit, divide it by the number
HOW TO ESTIMATE YOUR TAX FOR 2013
of installments and enter on line 14 of
Your 2013 estimated income tax may be based
RI-1041ES worksheet.
upon your 2012 income tax liability. If you wish
Customer Service
CHARGE
FOR
UNDERPAYMENT
OF
to compute your 2013 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-
WHEN AND WHERE TO MAKE ESTIMATES
Obviously, the foregoing instructions for
ment of an installment of estimated tax. The
Make your first estimated payment for the
completing these forms will not answer all
Rhode Island income tax law follows similar
period January 1, 2013 through December 31,
questions that may arise. If you have any
provisions of the Internal Revenue Code with
2013, on or before April 15, 2013. It must be
doubt regarding completion of your forms,
respect to exceptions. Such charge on any
filed together with the payment due with the:
additional assistance may be obtained by
unpaid installment shall be computed on the
going the Division of Taxation, One Capitol
amount by which the actual payments and
Hill, Providence, RI 02908-5810, by visiting
Rhode Island Division of Taxation
credits applied to the tax are less than 80% of
the Division of Taxation’s website at
Dept #83, PO Box 9703
such installment at the time it is due. If it
, or by calling the Personal
Providence, RI 02940-9703
appears there was an underpayment of any
Income Tax Section at (401) 574-8829, option #3.
installment of estimated tax, you may attach

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