Form T-86 - Bank Deposits Tax - 2014
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1State of Rhode Island and Providence Plantations
2014 Form T-86
14112199990101
Bank Deposits Tax
Name
Federal employer identification number
January 15th
Report
Address
June 15th
Filing
Address 2
Amended
City, town or post office
State
E-mail address
1
Daily Average Deposits. Daily Average is calculated on a calendar year basis.........................................
1
2
a
Daily average book value of investments in obligations of the United
Taxable
Deposits
States, its territories and possessions and of any authority, commission
or instrumentality of the United States....................................................
2a
b
Daily average book value of assets.........................................................
2b
c
Percent investment. Divide line 2a by line 2b.
.
Carry out to four decimal places.............................................................. 2c
d
Exempt obligations exclusion. Multiply line 2c by line 1.............................................................................
2d
3
TAXABLE DEPOSITS. Subtract line 2d from line 1...................................................................................
3
4
TAX. If line 1 is $150,000,000 or less, multiply line 3 by 0.000625. If not, multiply line 3 by 0.000695.....
4
Tax and
Payments
5
Rhode Island Credits from Schedule B-CR, Business Entity Credit Schedule, line 17...............................
5
6
Tax after credits. Subtract line 5 from line 4 ...............................................................................................
6
7
Estimated payments made on 2014 Declaration of Estimated Tax ........
7
8
Other payments.......................................................................................
8
9
Total Payments. Add lines 7 and 8.............................................................................................................
9
10
Net tax due. Subtract line 9 from line 6......................................................................................................
10
Balance
Due
11
Interest due: (a) Late payment interest ___________ (b) Underestimating interest ___________ Total (a) + (b)
11
12
Total Due with Return. Add lines 10 and 11................................................................................................
12
13
Overpayment. Subtract line 4 and line 11 from line 9.................................................................................
13
Refund
14
Amount of overpayment from line 13 to be applied to 2015 estimated tax..................................................
14
15
15
Amount to be Refunded. Subtract line 14 from line 13...............................................................................
GENERAL INSTRUCTIONS
For the January 15th reporting requirement, only complete lines
those investments that are actually owned by this
1 through 7.
Credit Union; and should when necessary, be easily
For the June 15th filing requirement, complete entire form and
traceable to the Credit Union’s statement of financial
submit with payment due on or before June 15, 2015 to:
condition.
RI Division of Taxation - One Capitol Hill - Providence, RI 02908.
Line 2b: Enter the Credit Union’s simple, daily average book
Line 1:
Enter the Credit Union’s simple, daily average of
value of its assets. This calculation should reflect such
deposits from the first business day of January 2014
normal valuation accounts as are reflected on the
through the last business day of December 2014.
Credit Union’s statement of condition.
Line 2a: Enter the simple, daily average book value of invest-
Line 4:
Tax. If Line 1 is $150,000,000.00 or less, multiply line
ments in exempt obligations. This calculation should
3 by 0.000625. If line 1 is more than $150,000,000.00,
reflect amortization and accretion; should reflect only
multiply line 3 by 0.000695.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Authorized officer signature
Print name
Date
Telephone number
Paid preparer signature
Print name
Date
Telephone number
Paid preparer address
City, town or post office
State
ZIP code
PTIN
May the Division of Taxation contact your preparer? YES
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