LLC fees in Rhode Island
$150
Are LLC Fees Tax Deductible in Rhode Island?
Short answer: Yes, as a business expense: Rhode Island charges $150 to form an LLC; ongoing: $50 annual report. $400 annual charge (filed on Form RI-1065). Annual report due Feb 1-May 1. $400 annual charge due March 15 for calendar-year filers; not prorated.
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in Rhode Island
$150
General Business
Yes, as a business expense: Rhode Island charges $150 to form an LLC; ongoing: $50 annual report. $400 annual charge (filed on Form RI-1065). Annual report due Feb 1-May 1. $400 annual charge due March 15 for calendar-year filers; not prorated.
Business justification
Yes, as a business expense: Rhode Island charges $150 to form an LLC; ongoing: $50 annual report. $400 annual charge (filed on Form RI-1065). Annual report due Feb 1-May 1. $400 annual charge due March 15 for calendar-year filers; not prorated. Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules