State of Rhode Island Division of Taxation 
      2024 Form RI-2220 
      Underpayment of Estimated Tax by Corporate Filers                                                                                                    24112699990101

Name shown on Form RI-1120C, RI-1120S, or RI-1065                                                                                                                     Federal employer identification number

CHECK THE BOX   IF THE BELOW          APPLIES     :

   TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD

PART 1 - REQUIRED ANNUAL PAYMENT
 1 Enter your 2024  Rhode Island tax amount from RI-1120C, line 13; RI-1120S, line 8a; or RI-1065, line 8a.........................                                     1
 2 Enter 80% of the amount shown on line 1...............................................................                                        2
 3 Enter your 2024  Rhode Island pass-through withholding amount from Form RI-1120C, line 17b...................................                                        3
 4 Subtract line 3 from line 1.  If $500 or less, do not complete the rest of this form.......................................................                          4
 5 Enter your 2023  Rhode Island tax amount from RI-1120C, line 13, RI-1120S, line 8a, RI-1065, line 8a or RI-PTE, line 5                                               5
 6 EnterSMALLERthe  of line 2 or line 5........................................................................................................................         6

PART 2 - SHORTCUT METHOD
You can use this method if you meet the following conditions (Otherwise, you must complete parts 3 and 4 to figure your underestimating interest):
   1  You made no estimated payments  ORall 4 estimated payments were equal and paid by the appropriate due dates; 
   2    ANDyou did not complete RI-2220, part 5 (Annualized Income Installment Worksheet).
 7 Enter the amount from Part 1, line 6 above.................................................................................................................          7
 8 Withholding and estimated tax paid from RI-1120C, lines 16 and 17b; RI-1120S, line 9a; or RI-1065, line 9a.............................                              8
 9 Underpayment.  Subtract line 8 from line 7.  If zero or less, enter $0..........................................................................                     9
10 Multiply line 9 by 7.2307% (0.072307).........................................................................................................................       10
11 If the amount on line 9 was paid on or after 4/15/2025, enter $0
   If the amount on line 9 was paid before 4/15/2025, make the following calculation:
   The amount on line 9 (times) the number of days paid before 4/15/2025 (times) 0.000198 and enter the result here.                                                    11
12 UNDERESTIMATING INTEREST.  Subtract line 11 from line 10.  Enter here and on RI-1120C, line 20c; RI-1120S, line 12c; or 
   RI-1065, line 12c.  Attach this form to your Rhode Island return...............................................................................                      12
   Note:  Taxpayers with a fiscal year end other than 12/31/2024 should substitute 4/15/2025 with the 15th day of the 
   fourth month following the end of their taxable year on line 11.

PART 3 - FIGURE YOUR UNDERPAYMENTDRAFT PAYMENT DUE DATES
                                                                                                                                                  Column A   Column B     Column C  Column D 
                                                                                                                                                  04/15/2024 06/15/2024  09/15/2024 12/15/2024
13 Divide the amount on line 6 by four (4) and enter the result in each column.....                                                            13

14 Annualized income installments from Part 5, line 33.  NOTE: Complete lines
   15 through 17 in one column before completing the next column..................                                                             14

15 Enter the amount from line 13 or line 14 if applicable ....................................                                                 15

16 Rhode Island tax withheld and estimated tax paid.  If line 16 is equal to or 
   more than line 15 for all installment periods, do not10/15/2024complete or file this                                                        16
   form unless you report annualized income installments on line 14................
17 UNDERPAYMENT.  Subtract line 16 from line 15 OR
   OVERPAYMENT.  Subtract line 15 from line 16..................................................                                               17

                                                                                       Page 1

     State of Rhode Island Division of Taxation 
     2024 Form RI-2220 
     Underpayment of Estimated Tax by Corporate Filers                                                                            IMAGEONLY

Name shown on Forms RI-1120C, RI-1120S, or RI-1065                                                                                         Federal employer identification number

PART 4 - HOW TO FIGURE THE CHARGES                                                                                                PAYMENT DUE DATES
                                                                                                                       Column A   Column B   Column C                Column D 
                                                                                                                       04/15/2024 06/15/2024 09/15/2024              12/15/2024
18 Payment date or date listed in instructions for line 18, whichever is earlier...      18
                                                                                                                       MMDDYY     MMDDYY     MMDDYY                  MMDDYY
19 a Number of days from the installment date to the date of payment or the due
   date of the next installment, whichever is earlier (see instructions) ............... 19a                             days     days                          days
   b Number of days on line 19a X 12% X underpayment on line 17....................
                      366                                                                19b
20 a Number of days from December 15, 2024 to the date of payment or December 31, 2024, whichever is earlier ........................                            20a    days
   b Number of days on line 20a X 12% X underpayment on line 17.................................................................................................
                      366                                                                                                                                        20b
21 a Number of days from January 1, 2025 to the date of payment or April 15, 2025, whichever is earlier........................................                  21a    days
   b Number of days on line 21a X 12% X underpayment on line 17 .................................................................................................
                      365                                                                                                                                        21b
22 UNDERESTIMATING INTEREST. Total amount from all columns on lines 19b, 20b and 21b. Enter here and on RI-1120C, 
   line 20c; RI-1120S, line 12c or RI-1065, line 12c .   Attach this form to your Rhode Island return ..............................................             22

Part 5 Annualized Income Installment Worksheet
IMPORTANT: Complete one column lines 23 - 33 before completing the next column.

                                                                                                                       01/01/2024 01/01/2024 01/01/2024              01/01/2024 
                                                                                                                       03/31/2024 05/31/2024 08/31/2024              12/31/2024
23 Figure your actual taxable income ...........................................................................

24 Annualization amount...................... ........................................................................ 4          2.4        1.5                     1.09091

25 Multiply the amount on line 23 by the indicator on line 24 .......................................

26 Figure your Rhode Island tax on the amount on line 25 ..........................................

27 Applicable percentage.............................................................................................DRAFT20%     40%        60%                     80%

28 Multiply the amount on line 26 by the applicable percentages on line 27.....................

29 Enter the combined amount from line 33 for all preceding periods...............................

30 Subtract line 29 from line 28 (not less than zero) ....................................................

31 Enter the amount from RI-2220, page 1, line 13 for the period plus the amount  
   from line 32 of this worksheet for the preceding period ...........................................

32 If line 31 is more than line 30, SUBTRACT line 30 from line 31, OTHERWISE enter $010/15/2024

33 Enter the smaller of line 30 or line 31 here and on page 1, line 14..........................

                                                   Page 2

        State of Rhode Island Division of Taxation 
        2024 Form RI-2220 
        Underpayment of Estimated Tax by Corporate Filers

                       PURPOSE OF THIS FORM                                                 PART 3 - FIGURE YOUR UNDERPAYMENT 
                                                                                 
Entities should use this form to determine if their income tax was suffi-       Payment Due Dates: 
ciently prepaid throughout the year by having Rhode Island tax withheld or      Column A: 
by paying Rhode Island estimated tax.  If not, a charge may be imposed          ▪      Calendar year-end taxpayers: For tax year 2024, leave this blank. 
on the underpayment of the taxes.  Complete Part 1 of this form to deter-       ▪      Taxpayers with a fiscal-year end other than 12/31/2024 should enter the    
mine if the payment of the charge may be avoided.                                      15th day of the fourth month of the taxable year. 
                                                                                 
For tax year 2024 ONLY, if any of your due dates fell between April                    However, if your payment due date fell between April 15, 2024 and 
15, 2024 and June 15, 2024, you should account for the extended due                    June 15, 2024, enter 7/15/2024. 
dates allowed by the R.I. Division of Taxation and intended to provide           
relief to taxpayers impacted by the severe storms and flooding that             Column B: 
occurred in Rhode Island at the beginning of 2024.  The due dates for           ▪      Calendar year-end taxpayers: For tax year 2024, enter 7/15/2024. 
payments to be paid from April 15, 2024 to June 15, 2024 were ex-               ▪      Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
tended to July 15, 2024.                                                               15th day of the sixth month of the taxable year. 
                                                                                 
                                                                                       However, if your payment due date fell between April 15, 2024 and 
             PART 1 - REQUIRED ANNUAL PAYMENT                                          June 15, 2024, enter 7/15/2024. 
                                                                                 
Line - Enter12024your   Rhode Island tax amount from RI-1120C, line 13;         Column C: 
RI-1120S, line 8a; or RI-1065, line 8a.                                         ▪      Calendar year-end taxpayers: For tax year 2024, enter 9/15/2024. 
                                                                                ▪      Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
Line 2 - Enter 80% of the amount shown on line 1.                                      15th day of the ninth month of the taxable year. 
                                                                                 
Line - Enter32024your   Rhode Island pass-through withholding amount                   However, if your payment due date fell between April 15, 2024 and 
from Form RI-1120C, line 17b.                                                          June 15, 2024, enter 7/15/2024. 
                                                                                 
Line 4 - Subtract line 3 from line 1.  If $500 or less, do not complete the     Column D: 
rest of this form.                                                              ▪      Calendar year-end taxpayers: For tax year 2024, enter 12/15/2024. 
                                                                                ▪      Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
Line - Enter52023your   Rhode Island tax amount from RI-1120C, line 13;                15th day of the twelfth month of the taxable year. 
RI-1120S, line 8a; RI-1065, line 8a, or RI-PTE, line 5.                          
                                                                                       However, if your payment due date fell between April 15, 2024 and 
Line 6 - Enter the smaller of line 2 or line 5 (including zero).  If line 6 is         June 15, 2024, enter 7/15/2024. 
zero, you do not owe any amount and need not complete the rest of this           
form. However,mustyou  attach this form to your Rhode Island                    Line -13    Divide the amount shown on line 6 by four (4) and enter the re-
return.                                                                         sult in each column.   
                                                                                 
                                                                                For tax year 2024, calendar year end taxpayers ONLY leave Column A 
                      PART 2 - SHORTCUT METHOD                                  blank, enter 50% of line 6 in Column B, 25% of line 6 in Column C and the 
                                                                                remaining 25% of line 6 in Column D.    
Line 7 - Enter the amount from line 6.                                           
                                                  DRAFTLine -14If your income varies during the year                          , you may complete the an-
Line 8 - Enter the amount of estimated tax paid and pass-through withhold-      nualized income installment worksheet.  However, if you complete and use 
ing received from pass-through entities for 2024 from RI-1120C, lines 16 and    line 14 for any installment you must complete it and use it for all install-
17b; RI-1120S, line 9a; or RI-1065, line 9a.                                    ments.   
                                                                                 
Line 9 - Subtract line 8 from line 7.                                           NOTE: COMPLETE LINES 15-17 FOR ONE COLUMN BEFORE  
                                                                                COMPLETING THE NEXT COLUMN. 
Line 10 - Multiply line 9 by 7.2307% (0.072307).                                 
                                                                                Line 15 - Enter the amount from line 13 (or from line 14, if line 14 was 
Line 11 - If you paid the tax balance after 4/15/2025, enter zero (0). If you   completed). 
paid the tax balance due before 4/15/2025, multiply the number of days           
paid before 4/15/2025 by the amount on line 9 and by 0.000198 and enter         Line -16    You are considered to have paid Rhode Island pass-through 
the result on line 11.                                                          withholding tax and evenly during the year unless you can show other-
                                                                            10/15/2024wise.  Therefore, you are considered to have paid one-fourth of your 
Note: Taxpayers with a fiscal-year end other than December 31, 2024             Rhode Island pass-through withholding on each installment due date. Di-
should substitute 4/15/2025 with the 15th day of the fourth month following     vide the total amount withheld by 4 and enter the result in each column.  
the end of their taxable year.                                                   
                                                                                For tax year 2024, calendar year end taxpayers ONLY leave Column A 
Line 12 - Subtract line 11 from line 10.  Enter the result here and in the      blank, enter 50% of the total amount withheld in Column B, 25% of the 
space provided on RI-1120C, line 20c; RI-1120S, line 12c; or RI-1065, line 12c. total amount withheld in Column C and the remaining 25% of the total 
                                                                                amount withheld in Column D.    
                                                                                 
                                                                               Page I-1

       State of Rhode Island Division of Taxation 
       2024 Form RI-2220 
       Underpayment of Estimated Tax by Corporate Filers

Enter the estimated taxes paid for tax year 2024 plus any portion of your             PART 4 - HOW TO FIGURE THE CHARGE 
overpayment from 2023, which you elected to be applied to tax year 2024,    
as instructed below.                                                       Payment Due Dates: 
                                                                           For each column, enter the payment due dates as determined under Part 3. 
Column A:                                                                   
Calendar year-end taxpayers: Leave this column blank.                      Line 18 - Payment date or date of next installment, whichever is earlier. 
Taxpayers with a year end other than December 31, 2024 should enter        Column A:  
those payments made on or before the 15th day of the fourth month of the   Calendar year-end taxpayers: Leave this blank. 
taxable year.                                                              Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
                                                                           date you paid the tax balance due for the current installment  or the 15th 
However, if your payment due date fell between April 15, 2024 and June     day of the sixth month of the taxable year, whichever is earlier. 
15, 2024, be sure to account for your payments accordingly and enter        
those payments made following the beginning of the taxable year until the  However, if the due date of your next installment fell between April 15, 
extended due date.                                                         2024 and June 15, 2024, enter the date you paid the tax balance due for 
                                                                           the current installment or the original due date of this installment.  Do not 
Column B:                                                                  use the extended due date of July 15, 2024. 
Calendar year-end taxpayers: Enter those estimated payments made on         
or before July 15, 2024.                                                   Column B: Enter the date you paid the tax balance due for the current in-
Taxpayers with a year end other than December 31, 2024 should enter        stallment or 9/15/2024, whichever is earlier.  
those payments made between the 16th day of the fourth month of the        Taxpayers with a fiscal-year end other than 12/31/2024 should substitute 
taxable year and the 15th day of the sixth month of the taxable year.      9/15/2024 with the 15th day of the ninth month of the taxable year. 
                                                                            
However, if your payment due date fell between April 15, 2024 and June     However, if the due date of your next installment fell between April 15, 
15, 2024, be sure to account for your payments accordingly and enter       2024 and June 15, 2024, enter the date you paid the tax balance due for 
those payments made following your first installment due date and before   the current installment or the original due date of this installment.  Do not 
your second installment due date.                                          use the extended due date of July 15, 2024. 
                                                                            
Column C:                                                                  Column C: Enter the date you paid the tax balance due for the current in-
Calendar year-end taxpayers: Enter those estimated payments made be-       stallment or 12/15/2024, whichever is earlier.  
tween July 16, 2024 and September 15, 2024.                                Taxpayers with a fiscal-year end other than 12/31/2024 should substitute 
Taxpayers with a year end other than December 31, 2024 should enter        12/15/2024 with the 15th day of the twelfth month of the taxable year. 
those payments made between the 16th day of the sixth month of the tax-     
able year and the 15th day of the ninth month of the taxable year.         However, if the due date of your next installment fell between April 15, 
                                                                           2024 and June 15, 2024, enter the date you paid the tax balance due for 
However, if your payment due date fell between April 15, 2024 and June     the current installment or the original due date of this installment.  Do not 
15, 2024, be sure to account for your payments accordingly and enter       use the extended due date of July 15, 2024. 
those payments made following your second installment due date and be-      
fore your third installment due date.                                      Column D: Enter the date you paid the tax balance due for the current in-
                                                                           stallment or 04/15/2025, whichever is earlier.  
Column D:                                                                  Taxpayers with a fiscal-year end other than 12/31/2024 should substitute 
Calendar year-end taxpayers: Enter those estimated payments made be-       4/15/2025 with the 15th day of the fourth month following the end of the 
tween September 16, 2024 and December 15, 2024.                            taxable year. 
Taxpayers with a year end other than December 31,DRAFT2024 should enter     
those payments made between the 16th day of the ninth month of the tax-    However, if the due date of your next installment fell between April 15, 
able year and the 15th day of the twelfth month of the taxable year.       2024 and June 15, 2024, enter the date you paid the tax balance due for 
                                                                           the current installment or the original due date of this installment.  Do not 
However, if your payment due date fell between April 15, 2024 and June     use the extended due date of July 15, 2024. 
15, 2024, be sure to account for your payments accordingly and enter        
those payments made following your third installment due date and before   Line 19a - Number of days between payment/due dates 
your final installment due date.                                           Column A: 
                                                                           Calendar year-end taxpayers: Leave this blank. 
Line 17 - Subtract line 16 from line 15 for any underpayments. Subtract    Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
line 15 from line 16 for any overpayments.  Any overpayments on line 17    number of days from the installment due date determined under Part 3 to 
should be used to increase the amount entered on line 16 for the next in-  the date of payment or the due date of the next installment as determined 
stallment period.  Any underpayment on line 17 should be used to de-       for line 18, whichever is earlier.  
crease the amount on line 16 for the next installment period. 10/15/2024However, if  
you entered amounts on line 14, annualized income installments, and the    Remember to use the extended due date if applicable. 
amounts on line 17 are zero ($0) or less for all installment periods, then  
enter zero ($0) on line 22 and file this form with your return.            Column:  B
                                                                           Calendar year-end taxpayers: Enter the number of days from 7/15/2024 to 
                                                                           the date of payment or the due date of the next installment, whichever is 
                                                                           earlier. 
                                                                           Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
                                                                           number of days from the installment due date determined under Part 3 to 

                                                                           Page I-2

        State of Rhode Island Division of Taxation 
        2024 Form RI-2220 
        Underpayment of Estimated Tax by Corporate Filers

the date of payment or the due date of the next installment as determined   number of days times underpayment entered on line 17 for each install-
for line 18, whichever is earlier.                                          ment period.  Divide the number of days from line 21a by the total number 
                                                                            of days in the year times the applicable interest rate times the amount of 
Remember to use the extended due date if applicable.                        the underpayment on line 17.  
                                                                             
Column C: Enter the number of days from the installment due date to the     The interest rate to be used is 12% per annum. 
date of payment or December 15, 2024, whichever is earlier.                  
                                                                            Line -22Add the amounts from all columns on lines 19b, 20b and 21b 
Taxpayers with a fiscal-year end other than 12/31/2024 should enter the     and enter the total here.  Include this amount with your tax balance pay-
number of days from the installment due date determined under Part 3 to     ment and attach this form to your return.   
the date of payment or the 15th day of the twelfth month, whichever is ear-  
lier.                                                                       If your Rhode Island tax return has previously been filed, send this form 
                                                                            along with any payment due to the: 
Remember to use the extended due date if applicable.                         
                                                                                            RI Division of Taxation 
Line 19b - Compute the charge using the applicable interest rates and                       One Capitol Hill 
number of days times underpayment entered on line 17 for each install-                      Providence, RI 02908-5806. 
ment period.  Divide the number of days from line 19a by the total number    
of days in the year times the applicable interest rate times the amount of   
the underpayment on line 17 for each installment.                            
 
Line 20a - Enter the number of days from the installment due date to the 
date of payment or December 31, 2024, whichever is earlier. 
 
Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
number of days from the 1st day of the twelfth month of the taxable year to 
the date of payment or the 15th day of the twelfth month of the taxable 
year, whichever is earlier. 
 
Remember to use the extended due date if applicable. 
 
Line 20b - Compute the charge using the applicable interest rates and 
number of days times underpayment entered on line 17 for each install-
ment period.  Divide the number of days from line 20a by the total number 
of days in the year times the applicable interest rate times the amount of 
the underpayment on line 17.  
 
Line 21a - Enter the number of days from January 1, 2025 to the date of 
payment or April 15, 2025, whichever is earlier.  
 
Taxpayers with a fiscal-year end other than 12/31/2024 should enter the 
number of days from the 15th day of the twelfth month of the taxable year 
to the date of payment or the 15th day of the fourth month following the DRAFT 
end of the taxable year, whichever is earlier. 
 
Remember to use the extended due date if applicable. 
 
Line 21b - Compute the charge using the applicable interest rates and 

                                                     10/15/2024

                                                                         Page I-3