Friday, December 2, 2016

Tax preparer seminar held in Newport

The Rhode Island Division of Taxation today held a seminar for tax preparers. The event, at the Community College of Rhode Island's Newport County campus, attracted 109  preparers. 

The main focus was on what's new for the coming tax-filing season and what's new for the 2017 tax year. Among those making presentations was Chief Revenue Agent Leo Lebeuf (pictured below), who heads the Division of Taxation's Personal Income Tax section.

Chief Revenue Agent Leo Lebeuf

Thursday, December 1, 2016

Protecting your financial data

The Internal Revenue Service, the Rhode Island Division of Taxation, and others announced today the start of “National Tax Security Awareness Week.” 

As part of the Security Summit effort, the IRS, the states, and the tax community will share a variety of information throughout next week to educate taxpayers on steps they should take to protect themselves from identity theft and tax scams as well as protect their valuable financial data in advance of the upcoming filing season.

The week, which runs December 5 through 9, will feature a series of consumer warnings and tips that will be released daily and featured on the web page titled "Taxes. Security. Together." as well as a one-page Publication 4524, "Security Awareness for Taxpayers." For more information, click here.

Tax agencies combat ID thieves

The Internal Revenue Service, the Rhode Island Division of Taxation, and others have issued a joint reminder that online threats and annoyances abound.

The group -- which includes other states, tax software providers, and tax preparers -- urged consumers to make sure they have active and up-to-date security software to protect computers from hackers and identity thieves. To view the reminder, issued on November 28, click here.

Wednesday, November 30, 2016

Estate tax credit, threshold for 2017

The Rhode Island Division of Taxation has announced the estate tax credit amount and threshold amount for estates of decedents dying on or after January 1, 2017. For details, click here.

Friday, November 25, 2016

Some federal refund delays in 2017

The IRS says it will hold refunds until mid-February in 2017 for people claiming the earned income credit or the additional child tax credit. The federal refund delay is the result of a provision in a recent federal law aimed at fighting refund fraud, the IRS said in an official announcement issued earlier this week.

The IRS also said in the announcement that new identity theft and refund fraud safeguards put in place by the IRS and the states may mean some tax returns and refunds face additional review. For more information, click here.

Seminar for tax preparers -- registration ends Monday

The Rhode Island Division of Taxation is holding a seminar for paid preparers of tax returns. It will take place on December 2, 2016, at the Community College of Rhode Island campus in Newport, and will run from 9:00 a.m. to 12:00 noon. The main focus is on what's new for the coming filing season, and what's new for the new tax year.

The seminar is free, and seating is still available, but pre-registration is required. Registration ends at 4:00 p.m. Eastern time on Monday, November 28, 2016. To preregister, please click here.

Wednesday, November 23, 2016

Tax credits for Newport project

The Rhode Island Division of Taxation has posted details about a rehabilitation project in Newport involving $3.1 million in historic preservation tax credits.

The Opera House, constructed in 1867 and located on Touro Street in Newport's historic Washington Square, will undergo additional exterior and interior rehabilitation as a result of the project. The project's name is "Opera House Theater" and the applicant is the Newport Performing Arts Center.

The Division of Taxation's web page on historic tax credits shows details involving all applicants that have signed a contract and paid the required fee under the state's 2013 historic preservation tax credit