Q: The Rhode Island Division of Taxation recently postponed the due date for personal income tax returns to May 17, 2021, following the federal postponement. If a single-member limited liability company (SMLLC) is owned by an individual, is the SMLLC's Form RI-1065 and payment due April 15 or May 17?
If a SMLLC is owned by an individual, the SMLLC’s filing and payment are due April 15, even though the individual’s 1040 and payment this season are due May 17.
A SMLLC may elect to file for a six-month extension using Form RI-7004. That would give the SMLLC an extended due date of October 15, 2021. However, the SMLLC’s payment would still be due April 15, 2021.
