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2004

Forms and taxpayer information

Forms and taxpayer information are

Form RI-1040ES

are

available:

• In person - One Capitol Hill

Providence, RI 02908-5810

Rhode Island

• The telephone - (401) 222-1040

Providence, RI

• The web -

• The telephone - (401) 222-

Resident and Nonresident

Estimated Payment Coupons

1. Purpose of form - This form provides

5. Changes in income - Even though

amendment is made after September 15th

a means of paying your Rhode Island

on April 15, 2004 you do not expect your

of the taxable year any balance due should

income tax on a current basis on income

tax to be large enough to require making

be paid at the time of filing the amendment.

other than salaries or wages subject

estimated payments, a change in income

(SEE

AMENDED

ESTIMATED

TAX

to withholding. If you are entitled to a

may require you to make estimated

SCHEDULE)

refund because the amount paid or

payments later.

credited as estimated tax for the taxable

10. Credit for income tax overpayment -

If you file your 2004 income tax return by

period exceeds your actual tax liability,

Your credit for income tax overpayment

February 15, 2005 and pay the full

from your 2003 Rhode Island income tax

you must file an income tax return to

balance of tax due, YOU NEED NOT: (a)

obtain the refund.

return may be deducted for the first

make an original estimated payment

installment of your 2004 estimated tax, and

2. Who must make estimated payments -

otherwise due for the first time on January

any

excess

credit

from

succeeding

Every

resident

and

nonresident

15, 2005 or (b) pay the last installment

installments. However, if you desire to

individual shall make estimated Rhode

of estimated tax otherwise due and

spread the credit, divide it by the number

Island personal income tax payments if

payable on January 15, 2005.

of installments and enter on line 14 of

his or her estimated Rhode Island

RI-1040ES worksheet.

6. How to estimate your tax for 2004 -

personal income tax can be reasonably

Your 2004 estimated income tax may be

expected to be $250 or more in excess of

11. Charge

for

underpayment

based upon your 2003 income tax liability.

any credits allowable against his or her

installments of estimated tax - An

If you wish to compute your 2004

tax, whether or not he or she is required

interest

charge

imposed

for

estimated income tax, use the estimated

to file a federal estimated tax for such

underpayment of an installment of

tax worksheet.

year.

estimated tax. The Rhode Island income

7. When and where to make estimates -

tax law follows similar provisions of the

3. Modifications to federal adjusted

Make your first estimated payment for the

gross

income

Taxpayers

with

Internal Revenue Code with respect to

period January 1, 2004 through December

exceptions. Such charge in respect of

modifications increasing or decreasing

31, 2004, on or before April 15, 2004. It

any unpaid installment shall be computed

federal adjusted gross income may refer

must be filed together with the payment

on the amount by which the actual

to Form RI-1040, or RI-1040NR, schedule

due with the Division of Taxation, One

payments and credits in respect of

1, lines 23C and 24C for examples of

Capitol Hill, Providence, Rhode Island

the tax are less than 80% of such

income to be entered as modifications.

02908-5810.

installment at the time it is due. If

4. Joint returns - A husband and wife

appears

that

there

was

8. Payments of estimated tax - The

may make joint payments as if they were

underpayment of any installment of

estimated tax on line 12 of the worksheet

one taxpayer, in which case the liability

estimated tax, you may attach RI-2210

is payable as follows: 25% on or before

with respect to the estimated tax shall

(if any of the exceptions apply) to your

April 15, 2004; 25% on or before June 15,

be joint and several. No joint payments

RI income tax return explaining why

2004; 25% on or before September 15,

may be made if husband and wife are

an additional charge should not be

2004 and 25% on or before January 15,

separated under a decree of divorce or

made.

2005.

separate

maintenance.

joint

payments are made but husband and

9. Amended estimated payments - If

12. Penalties

The

law

imposes

wife determine their Rhode Island income

after having paid one or more installments

penalties and interest charges for failing

taxes separately, the estimated tax, for

of tax the taxpayer finds that his or her

to pay estimated tax due or for making

such period may be treated as the

estimated tax should be increased or

false or fraudulent statements.

estimated tax of either husband or wife, or

decreased by a change in income, he or

may be divided between them, as they

she must file an amended estimate on

may elect.

or before the next filing date. If an

Form Ri-1040es - Rhode Island Resident And Nonresident Estimated Payment Coupons - 2004

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