The Rhode Island Division of Taxation continues to receive and process returns for tax years 2011 and 2012 that were filed by corporations subject to Rhode Island's pro forma combined reporting requirement under Rhode Island General Laws § 44-11-45. Such returns include a completed Schedule CRS, "Required Data for Combined Reporting Study."
In March 2014, the Division largely finished its study and filed its report on pro forma combined reporting, based in part on the data that corporations filed on Schedule CRS. However, the Division continues to refine its data -- and must also be prepared to provide updated information to the General Assembly upon the General Assembly's request. Such updated information would include data from returns of taxpayers that were not filed in time to be included in the March 2014 study.
Therefore, corporations subject to Rhode Island's pro forma combined reporting requirement that have yet to file their returns for tax years 2011 and/or 2012 should still complete Schedule CRS and file it with their returns. Likewise, fiscal-year corporations subject to Rhode Island's pro forma combined reporting requirement that have yet to file their returns for tax year 2012 should still complete Schedule CRS and file it with their returns.
(The Division has a regulation that contains more information about pro forma combined reporting.)
