Rhode Island Tax Div. Issues Income Tax Notice on Entity Filing Requirements

The Rhode Island Division of Taxation (Tax Div.) Aug. 24 issued guidance on entity filing requirements for corporate income and individual income tax purposes. The Tax Div. includes: 1) every entity registered with the Secretary of State may have filing requirements with the Tax Div., even if no business is conducted within the state for a year; 2) an entity treated as a C corporation for federal tax purposes must file Form RI- 1120C and pay the state business corporation tax each year; 3) any limited liability company not treated as a corporation for federal tax purposes must pay an ...