Rhode Island corporate tax form RI-1065

[Miriad9]

I started a single member LLC in Rhode Island in 2021. The tax designation is "disregarded as an entity separate from its member(s)" thus I file my taxes as a sole proprietor, with a schedule C. I have entered that info in my federal return, but Turbotax is not generating the necessary RI-1065 form in my state return. Rhode Island requires a minimum corporate tax of $400 regardless of income. I had no income for my Schedule C and minor start-up expenses.

How do I get this form to show up?

[Anonymous_]

TurboTax does not support that form. You might want to try the Division of Taxation web site.

https://tax.ri.gov

[Miriad9]

TurboTax is supposed to be “the tax experts.” This is a very common form.

[Anonymous_]

It may be common within the state, but TurboTax does not support it (most likely due to low demand).

[disco76]

Same! I had no idea this existed after using TurboTax for years & now owe multiple years worth of back taxes and penalties! Please add this form-- the instructions available online are terrible and don't even provide corresponding Federal or State tax form lines from where to get the information.

[disco76]

@Miriad9 Assuming you figured this out, but I just learned that if the RI-1065 is solely for the $400 minimum tax, the only sections that need to be filled out are as follows: 

> First box w/ Federal EIN/SSN, RI Secretary of State ID, Taxable Year, Name, Address, Email, NAICS

> Initial Return (check box)

> Entity Type = LLC (check box)

> Line 7a = 400

> Line 8a = 400

> At top of subsequent pages (2-4), complete Name & Federal EIN/SSN

> At bottom of page 3, sign & complete Name, Date, Phone (or complete preparers details)

When complete. print all pages of form RI-1065, as well as RI-1065V (payment voucher, self-explanatory to complete), then enclose printed forms, $400 check, & send to RI Division of Taxation. Good luck with your LLC! (:

[Miriad9]

@disco76 thank you so much. I did indeed figure it out; I called the RI Dept of Taxation and they were very helpful. What a relief to find out how simple it was after lots of frustration.

I appreciate your feedback, cheers!