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4 State of Rhode Island Division of Taxation 4
5 2023 Form RI-1120POL 5
6 Political Organization Tax Return 23110699990101 6
7 7
8 Name Federal employer identification number 8
Initial Return
9 9
10 10
Final Return XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXAddress 99-9999999For the period ending:
11 11
12 12
Short Year XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 12/31/2023
13 Address 2 13
14 Address 14
15 Change XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 15
City, town or post office State ZIP code E-mail address
16 16
Amended
17 XXXXXXXXXXXXXXXXXXXXXX XX 99999 XXXXXXXXXXXXXXXXXXXXXXXXXX 17
18 18
19 Complete only if your political organization has more than $100 in Political Organization Taxable Income under IRC Section 527(c) 19
20 Tax Computation - 20
21 1 Federal Taxable Income from Federal 1120-POL, line 19........................................................................... 1 9999999999 99 21
22 Deductions 2a Exempt dividends and interest................................................................ 2a 9999999999 99 22
23 b Rhode Island Special Deduction - $100.00............................................. 2b 9999999999 99 23
24 3 TOTAL DEDUCTIONS. Add lines 2a and 2b.............................................................................................. 3 9999999999 99 24
25 4 Rhode Island adjusted taxable income. Subtract line 3 from line 1............................................................ 4 9999999999 99 25
26 Tax and 5 Rhode Island income tax. Multiply line 4 times the tax rate of 7.5% (0.075). If zero or less, enter zero. 5 9999999999 99 26
27 Payments 6aPayments made on2023 BUS-EST, Business Estimated Tax Payment. 6a 9999999999 99 27
28 b Other payments....................................................................................... 6b 9999999999 99 28
29 7 TOTAL PAYMENTS. Add lines 6a and 6b.......................................................................................................... 7 9999999999 99 29
30 Balance 8 Net tax due. Subtract line 7 from line 5...................................................................................................... 8 9999999999 99 30
31 Due 9a Interest (12% per annum) ....................................................................... 9a 9999999999 99 31
b Late payment penalty (0.5% per month) ................................................. 9b
32 9999999999 99 32
c Late filing penalty (5% per month) .......................................................... 9c
33 9999999999 99 33
10 TOTAL INTEREST AND PENALTIES. Add line 9a, 9b and 9c................................................................... 10
34 9999999999 99 34
11 Total due with return. Add lines 8 and 10. Please use Form BUS-V to submit payment........................... 11
35 9999999999 99 35
12 Overpayment. Subtract line 5 from line 7................................................................................................... 12
36 Refund 13 Amount of overpayment to be credited to 2024 estimated tax...........................................................................13 9999999999 99 36
37 9999999999 99 37
14 Refund. Subtract line 13 from line 12 ......................................................................................................... 14
38 9999999999 99 38
39 Instructions for completing this form 39
40 Return is due on or before the 15th day of the 3rd month after close of the taxable year. 40
41 Line 1: Enter Federal Taxable Income from Form 1120-POL, line 19. Line 9a: Interest due at 12% per annum, 1.0% per month. Multiply line 8 41
42 Line 2a: Enter any exempt dividends and interest. DRAFT times 1.0% (0.010) times the number of months late. 42
43 Line 2b: Rhode Island Special Deduction of $100.00. Line 9b: Late payment penalty at 0.5% per month to a max of 25%. 43
44 Line 3: Total Deductions. Add lines 2a and 2b. Multiply line 8 times 0.5% (0.005) times the number of months 44
Line 4: Rhode Island adjusted taxable income. Subtract line 3 from late.
45 line 1. Line 9c: Late filing penalty at 5% per month to a max of 25%. Multiply 45
46 Line 5: Rhode Island Income Tax. Multiply line 4 times 7.5% (0.075). line 8 times 5% (0.05) times the number of months late. 46
47 Line 6a: Payments made with Form BUS-EST for 2023. Include on this Line 10: Total Interest and penalties. Add lines 9a, 9b and 9c. 47
48 line any amounts credited from prior year RI-1120POL filing. Line 11: Total due with return. Add lines 8 and 10. 48
Line 6b: Other payments. Include payments made using Form BUS-EXT. Line 12: Overpayment. Subtract line 5 from line 7.
49 Line 7: Total payments. Add lines 6a and 6b. Line 13: Amount to be credited to 2024 estimated tax payments. 49
50 Line 8: Net tax due. Subtract line 7 from line 5. Line 14: Amount to be refunded. Subtract line 13 from line 12. 50
51 51
Mail to: RI Division of Taxation - One Capitol Hill - Providence, RI 02908
52 52
Under penalties of perjury, I declare that I have examined09/20/2023this return and accompanying schedules and statements, and to the best of my knowledge and
53 belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. 53
54 Authorized officer signature Print name Date Telephone number 54
55 XXXXXXXXXXXXXXXXXXXXX 3/15/2020 (999) 999-9999 55
56 Paid preparer signature Print name Date Telephone number 56
57 57
58 XXXXXXXXXXXXXXXXXXXXX 3/15/2020 (999) 999-9999 58
59 Paid preparer address City, town or post office State ZIP code PTIN 59
60 XXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXX XX 99999 P99999999 60
61 61
62 May the Division of Taxation contact your preparer? YES Revised 03/2023 62
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