RI-1065PA: Partnership Adjustment – Federal Imputed Assessment (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Form RI-1065PA reports partnership adjustments related to a federal imputed assessment. It calculates Rhode Island tax due using net Rhode Island adjustments, apportionment and allocated amounts, and adds interest and penalties to determine the total amount due.
What you'll need
Have the information requested on the form ready:
- Entity type, name, mailing address and email address.
- Federal employer identification number, Social Security number and NAICS code fields.
- Beginning and ending dates of the taxable year, plus the final determination date.
- Net Rhode Island adjustments, nonapportionable or allocable amounts, the portion allocated to Rhode Island and the Rhode Island apportionment ratio.
- Any interest and penalty amounts to enter on lines 11 and 12.
- Authorized officer and paid preparer details for the signature area.
How to file
Complete the identification fields and tax calculation lines. The form provides separate columns for C corporations and for Sub S corporations, individuals, LLCs, partnerships and trusts.
Complete the authorized officer signature area, including printed name, date and telephone number. A separate signature area is provided for a paid preparer.
Mail the form to:
RI Division of Taxation
One Capitol Hill
Providence, RI 02908
Common mistakes
Follow these printed calculation reminders:
- Carry the Rhode Island apportionment ratio to six decimal places on line 4.
- If the total of lines 5 and 6 is zero or less, enter “0” on line 7.
- Use the applicable tax rate for each column when calculating line 9.
Questions people ask
What tax rates are printed on the form?
Column A, for C corporations, shows 7.00%. Column B, for Sub S corporations, individuals, LLCs, partnerships and trusts, shows 5.99%.
How do I calculate the total tax due?
Multiply line 7 by the applicable tax rate on line 8 to calculate line 9 in each column. Add lines 9a and 9b to get the total tax due on line 10.
Where do interest and penalties go?
Enter interest on line 11 and penalties on line 12. Add lines 10, 11 and 12 to get the total amount due on line 13. The form refers to instructions for interest and penalties, but no instructions were supplied here.
Can I allow the Division of Taxation to contact my preparer?
Yes. The form includes a “YES” option beside the question asking whether the Division of Taxation may contact your preparer.