Monday, December 5, 2022

Changes to the method of filing and payment of Corporate Tax payments

The Rhode Island Division of Taxation today announced that in effort to streamline payment processing and reduce the number of forms, the Division is starting the process to eliminate the separate series of forms related to the RI-1120related to payments.

This series of forms, also known as ‘Corporate Tax Vouchers’ will begin phase-out as of January 1, 2023. Starting with tax year 2022, extensions and vouchers must be filed on the Rhode Island BUS-EXT and BUS-V forms. The Division will no longer be using the RI-1120V, RI-1065V, and RI-7004.

For tax year 2023, the BUS-EST will be the form used for estimated payments. The RI-1120ES will no longer be available.

More information is available in Advisory 2022-38.