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00 to 500. 00 starting with years beginning on or after 1/1/04 in accordance with Chapter 44-12-1. This is important to note since any requests for Letter of Good Standing for purposes of dissolution withdrawal merger or major sale of assets filed after July 31 2004 where a short period return is required will necessitate the payment of a min/franchise tax of 500. 00 for years starting 1/1/04 and thereafter. When the actual final return is filed ...
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01
Gather all necessary information and documentation such as financial records, receipts, and schedules.
02
Enter the company's basic information such as name, address, Employer Identification Number (EIN), and accounting period.
03
Provide details about any changes in ownership or structure of the company, if applicable.
04
Fill out the income section by reporting the company's total revenue, deductions, and credits.
05
Complete the schedule sections that apply to the company, such as Schedule L - Balance Sheets and Schedule K-1.
06
Attach any additional schedules or forms that are required to accurately report the company's financial activity.
07
Review the completed form for accuracy and completeness before signing and dating it.
08
Keep a copy of the filled-out form and all supporting documents for record-keeping purposes.
Who needs 2004 ri 1120s form:
01
Corporations or S corporations that need to report their business income, deductions, credits, and other financial details for the tax year 2004.
02
Companies that have elected to be treated as an S corporation for tax purposes and meet the eligibility requirements.
03
Taxpayers who were notified by the Internal Revenue Service (IRS) or Rhode Island Department of Revenue (RIDOR) that they need to file the 2004 ri 1120s form for their specific tax situation.
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What is ri 1120s form?
RI 1120S form is the State of Rhode Island and Providence Plantations Business Corporation Tax Return form for S Corporations.
Who is required to file ri 1120s form?
S Corporations doing business in Rhode Island are required to file RI 1120S form.
How to fill out ri 1120s form?
RI 1120S form should be filled out with detailed information about the S Corporation's income, deductions, credits, and other relevant tax information for the tax year.
What is the purpose of ri 1120s form?
The purpose of RI 1120S form is to report the S Corporation's income, deductions, and credits to calculate the corporation's tax liability in Rhode Island.
What information must be reported on ri 1120s form?
Information such as gross receipts, deductions, credits, and net income of the S Corporation must be reported on RI 1120S form.
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