2018 Rhode Island Test Scenarios for MEF. Form 1120-S

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Dulcie Lindsey
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1 2018 Rhode Island Testing Requirements: Test Submission Id s are required to be ed to Daniel.Clemence@tax.ri.gov along with pdf copies of the test returns. If they are not sent your returns will not be tested. Please note If your software does not support combined filing please let us know when submitting tests. All apportionment schedules must be filled out. i.e. totals only are not acceptable and will not process through our system Test Scenarios for MEF Form 1120-S 1) Forms a) FEIN b) RI-1120-S f) Schedule E g) Schedule F h) Schedule I i) Schedule K-1 Scenario: Taxpayer named Great Atomic Pyrotechnics & Designs, Inc. at 36 Anytown Street, Providence, RI Short Year Initial Return, for fiscal period beginning 2/01/2017 ending 12/31/2017. Federal Taxable Income approximately $75,000. Taxpayer has an exempt interest deduction on Schedule B, and a bonus depreciation adjustment on Schedule C. Taxpayer has Elective Deduction on Schedule E Line 1. Schedule F is No. On Schedule I, the apportionment ratio is The taxpayer has made and extension payment of $400. Schedule K-1, there are two shareholders, with an ownership percentage of 50% each: -Shareholder 1: Mark Smith, of 25 Short Street, Providence RI Shareholder 2: Ann Big, of 41 Tree Drive, Johnston RI

2 Form 1120-S 2) Forms a) FEIN b) RI-1120-S f) Schedule E g) Schedule F h) Schedule I i) Q-Sub Schedule j) Schedule K-1 Scenario: Taxpayer named WorkAllDay Inc, Inc. at 99 Anytown Street, Cranston, RI Contains two Q-subsidiaries. The Q-Sub box must be checked. Federal Taxable Income approximately $3,500. Taxpayer has a bonus depreciation deduction on Schedule B, and an intangible addback on Schedule C. On Schedule E Taxpayer has an amount on both Lines 1 and Line 2. Schedule F is No. On Schedule I, the apportionment ratio is The taxpayer has made an extension payment of $2,000. The total tax should be $1,200 with a requested a refund of $800. Q-Sub Schedule contains 2 Subchapter S Subsidiaries: -Subsidiary 1: PartDayWork, Inc, , 150 Riverside Dr, East Providence RI Subsidiary 2: FullTimePay, Inc , 100 Newport Ave, East Providence RI Schedule K-1, there are two shareholders, with an ownership percentage of 50% each: -Shareholder 1: Derek James, of 68 Spring Street, Providence RI Shareholder 2: Madeline Nice, of 13 Silent Road, Cranston, RI 02920

3 Form ) Forms a) FEIN e) Schedule F f) Schedule I Scenario: Taxpayer named TMZ LLC at 2001 Party Street, Pawtucket RI Has a Federal Taxable Income of approximately $900,000 from their Federal Schedule C. Taxpayer is a Single Member LLC (SMLLC). Taxpayer has a deduction to Federal Taxable Income on Schedule B.Schedule F is NO. On Schedule I, the apportionment percentage is The taxpayer has made an extension payment of $300 and has a balance due of $100. The only member of this LLC is Linda Lohan, 1 Hollywood Boulevard, Johnston RI Note. The SMLLC check box must be used for Single Member LLC s. Do not check LLC. Form ) Forms a) FEIN f) Schedule F g) Schedule I h) Schedule K-1 Scenario: Taxpayer named Great Idea, LLC, at 45 Royal Road, Providence, RI Short Year Initial Return, for fiscal period beginning 5/01/2017 ending 12/31/2017. Federal Taxable Income approximately $1,800. Taxpayer has a deduction to Federal Taxable Income on Schedule B, and an addition to Federal taxable income on Schedule C. Schedule E has an amount on both Line 1 and 2. Schedule F is No. On Schedule I, the apportionment ratio is The taxpayer has made an extension payment of $400. Schedule K-1, there are two shareholders, with an ownership percentage of 50% each: -Shareholder 1 Tom Jefferson, of 52 Cranberry Lane, Providence RI Shareholder 2 Albert Washington, of 1 Country Road, Johnston RI 02917

4 Form ) Forms a) FEIN f) Schedule F g) Schedule I h) Schedule K-1 Scenario: Taxpayer named Gratis Partnership at 1575 Silver Way, Cranston, RI Taxpayer is a Partnership (General Partnership). You must use the Partnership check box for General Partnerships, otherwise a fee will be assessed. Taxpayer has a deduction to Federal Taxable Income on Schedule B, and an addition to Federal taxable income on Schedule C. Schedule F is No. On Schedule I, the apportionment ratio is Note:Taxpayer is not subject to the Rhode Island Annual Fee on Schedule A, Line 7a. Schedule K-1, there are three partners, with an ownership percentage of 33.33% each: -Shareholder 1 John Jones, of 44 Dryden Road, Providence RI Shareholder 2 James Smyth, of 1800 Municipal Drive, Pawtucket RI Shareholder 3 Kayla Jones, of 25 Ocean Street, Pawtucket RI 02860

5 Form ) Forms a) FEIN f) Schedule E g) Schedule F h) Schedule I i) Schedule K-1 Scenario: Taxpayer named Golden Limited Partnership, at 1575 Silver Way, Cranston, RI Taxpayer is a Limited Partnership. The LP box must be checked. Taxpayer has a Federal Taxable Income over $97,000,000. Taxpayer has two deductions to Federal Taxable Income on Schedule B, and an addition to Federal taxable income on Schedule C. Schedule E contains an amount on Line1 and on Line 2. Schedule F is No. On Schedule I, the apportionment ratio is approximately Taxpayer made an extension payment, and has a refund due. Schedule K-1, there are two partners, with an ownership percentage of 50%: -Shareholder 1 James Moneypenny, of 42 Fleming Road, Barrington RI Shareholder 2 William Fairbanks, of 1800 Baccarat Way, East Greenwich RI 02818

6 Form 1120-C 7) Forms a) FEIN b) RI-1120-C. f) Schedule D Pass-through withholding (NEW). *Previously General Information* g) Schedule H Apportionment -*was Schedule G last year* Scenario: Taxpayer named Colt, Inc, at 45 Anytown Street, North Providence, RI Taxpayer has three deductions to Federal Taxable Income on Schedule B, and one addition to Federal taxable income on Schedule C. Schedule D has two contains Passthrough withholding from the following entities: Wilson Corporation, $200 (pass-through withholding) Distance Inc., $1,000 (pass-through withholding. On Schedule H, the apportionment ratio is Please note Schedule H must be contain some line numbers. Totals only are no longer acceptable. The taxpayer made an estimated payment of $400. The taxpayer will not have a balance due. Form 1120-C 8) Forms a) FEIN b) RI-1120-C f) Schedule H Schedule H Apportionment -*was Schedule G last year* g) Schedule CGM *Replaces Schedule CRS from last year* Scenario: Designated Agent/Taxpayer named Champions, Inc, at st Street, Bronx, NY Taxpayer is a Combined Filer. Taxpayer has Federal Taxable Income of over $197,000,000. Taxpayer has two deductions to Federal taxable income on Schedule B, and one addition to Federal taxable income on Schedule C. On Schedule G, the apportionment ratio is The taxpayer will have an overpayment to be credited to Schedule-CGM contains 2 members and the designated agent: -Schedule-CGM Member 1: Champions, Inc FEIN , Designated agent has nexus -Schedule-CRS Member 2: Core Four, Inc, FEIN , Member has Nexus -Schedule-CRS Member 3: Clipper Inc, FEIN , Member does not have nexus

7 MeF Notes Where to find the MeF registration form and schema information. Rhode Island requires testing and registration every year. Manifest Information: Here is the list of items we expect in the StateSubmissionType element in the manifest. o "RI1120C" o "RI1120S" o "RI1065" Business Rules: Must be an original filing we do not allow duplicates. The other is the software I'd most be approved. Rule Number Rule Text X Incorrect Transmission data. X SubmissionId in the submission file mismatches SubmissionId in the manifest file. X No submission file found in state submission directory. X The XML data has failed schema validation. X MeF Gateway experiences system error. X Other State Submission X The namespace declarations in the root element of the return ('Return' element) is incorrect Software Developer ID must be approved for Individual Efile Transmission cannot be a duplicate of a previously accepted transmission Software Developer ID must be approved for Individual Efile Transmission cannot be a duplicate of a previously accepted transmission.

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