Fillable Form Ri-1120pol-Es - First/second Estimate printable pdf download

POLITICAL ORGANIZATION ESTIMATED TAX INSTRUCTIONS

1. Every political organziation shall file a declaration of its estimated tax for the taxable year if its estimated tax for such taxable year

can reasonably be expected to exceed $500.00. The entire amount of such estimated tax shall constitute the amount of advance

required to be paid.

2. The amounts and due dates of the installments are as follows:

--> 40% by the 15th day of the third month of the taxable year

--> 60% by the 15th day of the sixth month of the taxable year.

3. Every political organization is subject to an assessment of 18% per annum for underpayments and penalties for the willful neglect or

failure to file a declaration or pay any installment due thereunder.

4. To ensure proper processing, calendar year or fiscal year end dates must be entered on the forms.

NOTE: The exception to avoid interest and penalty for underestimated tax payments based upon 100% of last year’s tax is no longer avail-

able. However, the exception based upon last year’s income using the current year rate is still in existence. Accordingly, when there is not

an increase in the tax rate from one year to the next, no interest and penalty will occur for underestimated tax payments if pre-payments are

made equal to the prior year’s tax.

STATE OF RHODE ISLAND

RI-1120POL-ES

DIVISION OF TAXATION * ONE CAPITOL HILL SUITE 9, PROVIDENCE, RI 02908-5811

SECOND ESTIMATE

IF NOT A CALENDAR YEAR, FISCAL YEAR MUST BE ENTERED

For Calendar Year

NAME OF ORGANIZATION

Or Taxable Year Beginning

And Ending

POL-ES

ADDRESS

1. TOTAL TAX FOR PRIOR

0 0

YEAR

CITY, STATE, ZIP CODE

0 0

2. ESTIMATED TAX FOR

CURRENT YEAR

FEDERAL EMPLOYER IDENTIFICATION NUMBER

0 0

3. 60% OF LINE 2

4. LESS AMOUNT FROM

I declare, under the penalties of perjury, that this document has been examined by me and,

0 0

PRIOR YEAR CREDITED

to the best of my knowledge and belief, is true, and complete.

TO THIS PAYMENT

Key #78

Signature of Officer or Agent

5. PAYMENT DUE WITH THIS

0 0

VOUCHER

AMOUNT ON LINE 5 IS DUE AND PAYABLE ON OR BEFORE THE FIFTEENTH DAY

OF THE SIXTH MONTH OF THE TAXABLE YEAR