Combined reporting and related topics

For tax years beginning on or after January 1, 2015, a business which is treated as a C corporation for federal income tax purposes, and which is part of a combined group engaged in a single or common business enterprise – a “unitary” business – must file a combined return with Rhode Island. Under mandatory unitary combined reporting, R.I. Gen. Laws § 44-11-4.1, an entity treated as a C corporation for federal income tax purposes must report on its Rhode Island return not only its own income, but also the combined income of the other corporations, or affiliates, that are part of a combined group under common ownership and part of a unitary business. They may do so by filing Form RI-1120C, checking the box for Combined Return, and including a Schedule CGM listing each member of the combined group. An entity that is doing business in this state and is treated as a C corporation for federal income tax purposes, where such entity stands alone and has no affiliates or related companies, is not subject to combined reporting.

See the most recent version of the Rhode Island Combined Reporting Regulation for more information.

Resources

Statute: R.I. Gen. Laws § 44-11-4.1

Regulation: Rhode Island Regulation 280-RICR-20-25-10

Contact Us

Corporate Tax Section

Email: [email protected]

Phone: 401.574.8935

Fax: 401.574.8932