RI-1120POL: Political Organization Tax Return (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Form RI-1120POL is Rhode Island’s Political Organization Tax Return. It reports federal taxable income, Rhode Island deductions and adjusted taxable income, tax, payments, and any balance due or overpayment.
Who files this form
Complete the 2024 Rhode Island Form RI-1120POL only if your political organization has more than $100 in Political Organization Taxable Income under IRC Section 527(c).
When it's due
For tax year 2024, the return is due on or before the 15th day of the 3rd month after the close of the taxable year.
What you'll need
Have these forms and details available to complete the return:
- Federal Form 1120-POL, including federal taxable income from line 19.
- Amounts of exempt dividends and interest.
- Payment information for Forms BUS-EST and BUS-EXT, other payments, and any credit from a prior-year RI-1120POL return.
- The organization's name, address, federal employer identification number, and tax period ending date.
- Authorized officer signature and contact information, plus paid preparer details if applicable.
Use Form BUS-V to submit payment.
How to file
Complete the organization's identifying information and tax calculations, and have an authorized officer sign and date the return. The form also includes a paid preparer signature section.
Mail the return to:
RI Division of Taxation
One Capitol Hill
Providence, RI 02908
Use Form BUS-V to submit payment.
Common mistakes
- Do not overlook the filing condition: complete this form only if the organization has more than $100 in Political Organization Taxable Income under IRC Section 527(c).
- Do not overlook the payment reminder: use Form BUS-V to submit payment.
Questions people ask
What amount goes on line 1?
Enter federal taxable income from Federal Form 1120-POL, line 19.
What deductions does the form list?
The form lists exempt dividends and interest on line 2a and a Rhode Island special deduction of $100 on line 2b. Add them on line 3.
What tax rate does the form use?
Multiply Rhode Island adjusted taxable income on line 4 by 7.5% (0.075). If the result is zero or less, enter zero on line 5.
Where do payments made with Form BUS-EXT go?
Include payments made using Form BUS-EXT on line 6b, along with other payments.