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State of Rhode Island and Providence Plantations 2016 Schedule S for RI1120S Excess Net Passive Income Tax Calculation Name 16110499990101 Federal employer identification number TONE FILED WITH FORM

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What is excess net passive income?

Excess net passive income refers to the amount of passive income that exceeds the limits set by the Internal Revenue Service.

Who is required to file excess net passive income?

Individuals and businesses with passive income that exceeds the allowed limits are required to file excess net passive income.

How to fill out excess net passive income?

Excess net passive income can be filled out by accurately calculating the passive income and comparing it to the IRS limits.

What is the purpose of excess net passive income?

The purpose of excess net passive income is to ensure that individuals and businesses are not benefiting excessively from passive income.

What information must be reported on excess net passive income?

The information that must be reported on excess net passive income includes total passive income, deductions, and the calculation of excess net passive income.

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