BUS-EXT: Business Tax Automatic Extension Request (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Form BUS-EXT is Rhode Island’s Business Tax Automatic Extension Request. It reports estimated tax due, carryforward and estimated payments, the balance due, and the amount paid with the extension request, with a breakdown by tax type.
Who files this form
Form BUS-EXT is for businesses requesting an automatic extension for the Rhode Island taxes listed on the form:
- Corporate income tax, Form RI-1065/1120.
- Political organization tax, Form RI-1120POL.
- Public service corporation gross earnings tax, Form T-72.
- Banking institution excise tax, Form T-74.
- Pass-through Entity Election, RI Schedule PTE.
- Pass-through Withholding, RI Schedule PTW.
What you'll need
Have these details ready to complete the form:
- Business name, address, federal employer identification number, email address and tax period ending date.
- Estimated tax due for the current year.
- Carryforward and estimated payments paid to date.
- Amount you are paying with the extension request.
- Applicable tax types and extension amounts.
- Authorized officer’s signature, printed name, date and telephone number.
If a paid preparer completes the form, it also has fields for the preparer’s address, PTIN, signature, printed name, date and telephone number.
How to file
- Enter the business’s identifying information and tax period ending date.
- Complete Part 1 with estimated tax due and payments already made. Subtract line 2 from line 1 to calculate the balance due, and enter the amount paid with the request.
- Complete the applicable tax entries in Part 2.
- Have an authorized officer sign and date the form. Complete the paid preparer fields if applicable.
The form says it must be completed and filed before the date prescribed for payment of the tax.
Payments must be made electronically. The form directs you to the Rhode Island Tax Portal information page for more information. The supplied text does not give a mailing address or instructions for submitting the form itself electronically.
Common mistakes
- Making a nonelectronic payment. The form requires electronic payments.
- Missing the filing timing requirement. The form must be completed and filed before the date prescribed for payment of the tax.
- Not separating pass-through tax amounts. Filers of Form RI-1065/RI-1120S with RI Schedule PTW and/or PTE should break out extension amounts by source of tax.
Questions people ask
How long is the extension for Form RI-1065 or RI-1120S?
Calendar-year and fiscal-year filers receive an automatic six-month extension.
How long is the extension for Form RI-1120C, T-72 or T-74?
Calendar-year and fiscal-year filers receive an automatic six-month extension, except filers with a June 30 fiscal year end. Those filers receive an automatic seven-month extension.
How do I calculate the balance due with the request?
Subtract carryforward and estimated payments paid to date on line 2 from estimated tax due for the current year on line 1. Enter the balance on line 3 and the amount paid with the request on line 4.
Can the Division of Taxation contact my paid preparer?
The form includes a “YES” option for authorizing the Division of Taxation to contact your preparer.