Printable Form 1120-S Rhode Island 2024-2025

Printable Form 1120-S Rhode Island: What You Should Know

Form 7004, the following action is taken: (1) A delinquency notice is issued. (2) An amount of administrative forfeiture is imposed against the corporation for the tax period, at the level of  tax equal to the amount of the tax due. The Administrative Fines are based on a 10% base, for each quarter in which the tax  in arrears remains unpaid and unpaid for a period of 20 consecutive months, and the amount of every administrative forfeiture imposed is  at the highest level of payment under applicable law. Notice to shareholders and directors in connection with a deferred tax asset will be filed on a quarterly basis.

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