The Rhode Island Division of Taxation reminds taxpayers about the annual tax return filing requirement for surplus lines brokers/licensees:
A Rhode Island tax return must be filed each year on behalf of surplus lines brokers/licensees. The return must be filed with the Rhode Island Division of Taxation and is normally due on or before April 1. But because April 1 falls on a Saturday this year, the filing and payment deadline will be the following business day: Monday, April 3, 2017.
The return must be filed even if no income is reported (a “zero return”). For the 2016 tax year, the return must be filed on paper, on Form T-71A. The mailing address is included on the form. (For the 2017 tax year, and later tax years, the Division plans an electronic filing option.)
For more information, see the Division of Taxation’s publication, “Surplus Lines Brokers/Licensees: Guide to Tax Filings and Payments,” which includes details and answers to frequently asked questions. To view the guide, click here. For surplus lines forms, click here.