Friday, July 20, 2018

Newsletter posted

The Rhode Island Division of Taxation has posted the latest issue of its newsletter. Among the topics:

  • Annual tax bills
  • Section 179
  • Bonus depreciation
  • ‘Legal Corner’
  • ‘Practitioners’ Corner’
  • Regulations

To view a copy, click here.

Tuesday, July 17, 2018

Security tips for tax professionals

The Internal Revenue Service, the Rhode Island Division of Taxation, and other partners in the Security Summit today outlined critical steps for tax professionals to take to protect their computers and email as well as safeguard sensitive taxpayer data. To learn more, click here.

Friday, July 13, 2018

Administrative Decision on NOLs

The Division of Taxation today posted its latest Administrative Decision. At issue is whether the taxpayers should be allowed to claim a net operating loss for the 2016 tax year. To view the document, click here.

"Summary of Legislative Changes"

The Rhode Island Division of Taxation’s “Summary of Legislative Changes” offers a brief look at key tax provisions in the recently enacted budget bill for the 2019 fiscal year. Among the topics:

  • Preservation of deductions for personal exemptions
  • Taxpayer identification numbers (TINs)
  • Tax treatment of sports wagering
  • Sales tax and armored-car services
  • Vendor-hosted prewritten computer software
  • Changes to film tax credit

To view the document, click here.

Tuesday, July 10, 2018

Recent developments

Security awareness

The Security Summit today launched a summertime security awareness campaign for tax professionals. To learn more, click here.

FAQs for remote sellers

The Division of Taxation recently posted FAQs for non-collecting retailers, including remote sellers. To learn more, click here.

Friday, June 29, 2018

Sales tax permits, coupon booklets

The Rhode Island Division of Taxation has begun mailing sales permits. For details, including information on some changes, click here.

Tax changes take effect on Sunday

The Rhode Island Division of Taxation today issued a reminder for tax professionals, tax software providers, businesses, and others about tax changes that will take effect on Sunday, July 1, 2018. For details, click here.