Rhode Island Tax Div. Issues Information on Income Tax Filing Requirements for LLCs

The Rhode Island Division of Taxation March 15 issued information on individual income and corporate income tax filing requirements for limited liability companies (LLCs). The information provides: 1) LLCs treated as pass-through entities must file Form RI-1065 by March 15 with a $400 annual charge, while those treated as subchapter S corporations must file Form RI-1120S by the same deadline; 2) LLCs treated as corporations must file Form RI-1120C by April 15, paying either 7 percent of net income or a $400 annual charge, whichever amount is greater; 3) past due balances must be paid for a single-member or multi-member ...