Wednesday, March 14, 2012

Tax deadline for political organizations

Political organizations generally have until midnight tomorrow, March 15, to file their annual return for 2011 to the Rhode Island Division of Taxation.

Under Rhode Island General Laws § 44-11.1-1 et seq., a political organization with $100 or more of political organization taxable income generally must file a return and pay a state tax equal to 7.5 percent of that income.

Use Form RI-1120POL and payment voucher Form RI POL-V. For information about obtaining an extension, see Form RI 1120-POL Extension.