Friday, November 16, 2018

E-file shutdown tomorrow

The Rhode Island Division of Taxation reminds taxpayers and tax preparers that the Division's annual electronic filing shutdown and switchover will occur tomorrow, Saturday.

Individuals and businesses seeking to e-file their Rhode Island returns for tax year 2017 must do
so on or before Saturday, November 17, 2018. After that date, returns for tax year 2017 must be
filed on paper.

Each year, the Division temporarily closes its system to e-filing in order to prepare the system for
the coming filing season. The Internal Revenue Service, and many other states, follow the
same practice. This year, the Rhode Island modernized e-file (MeF) shutdown and cutover will
occur on Saturday, November 17, 2018, the same date as the IRS’s.

Transmissions of e-filed personal and  business returns must be completed by 10:00 p.m. (Eastern time) tomorrow, Saturday. The shutdown begins at 11:59 p.m. (Eastern time) tomorrow, Saturday. For more information, click here.

  • From the Rhode Island Division of Taxation's standpoint, tomorrow's shutdown is for incoming e-filed 2017 returns. However, even after the point of shutdown, the Division will continue to issue electronic receipts -- also known as acknowledgements, or "acks" -- for all returns that have been properly prepared and e-filed by tomorrow's 10:00 p.m. (Eastern time) transmission deadline. Because the shutdown occurs on the weekend, some acknowledgements may not be issued until next week.

Tuesday, October 30, 2018

Interest rates for 2019


The Division of Taxation has posted the interest rates that will apply to overpayments and underpayments for 2019. For details, click here.

Tuesday, October 23, 2018

Recent developments

Annual e-file shutdown


Each year, the Rhode Island Division of Taxation temporarily closes its system to electronic filing in order to prepare the system for the coming filing season.

This year’s e-file shutdown and switchover will occur on November 17, 2018. Individuals and businesses seeking to e-file their Rhode Island returns for tax year 2017 must do so on or before Saturday, November 17, 2018. For more information, click here.

"Seminar for Tax Preparers"


The Division's "Seminar for Tax Preparers" -- in Newport in November and in Warwick in December -- have now sold out. Therefore, registration is now closed. Thank you for your interest in the seminar.


Monday, October 15, 2018

Decision involving nexus

The Division of Taxation’s most recent Administrative Decision involves whether a retailer had substantial nexus with Rhode Island for sales and use tax purposes. (Note: The Decision is based on and limited to the specific facts in the case prior to the enactment in August 2017 of Rhode Island's law on non-collecting retailers, and before the U.S. Supreme Court's decision in June 2018 on Wayfair.)

Friday, October 12, 2018

Monday's deadline

The Rhode Island Division of Taxation has posted a reminder that Monday is the deadline for filing personal income tax returns that are on extension for tax year 2017. 

October 15, 2018, is also the deadline for a number of business entities. 

The Advisory includes tips for last-minute filers, a summary of payment options, and information about Section 965 and penalty relief in certain circumstances for calendar-year C corporations. To view the Advisory, click here.

Thursday, September 27, 2018

New tax law takes effect on Monday

The Rhode Island Division of Taxation reminds businesses, software providers, and others that a new tax law will take effect on Monday, October 1, 2018.

That is when vendor-hosted prewritten computer software, sometimes referred to as “software as a service”, or SaaS, will become subject to Rhode Island’s 7 percent sales and use tax.

Vendors must register with the Rhode Island Division of Taxation, obtain a sales tax permit, and collect and remit the 7 percent tax. If sales/use tax is not collected on the transaction, the buyer -- 
whether a business or consumer -- must pay the 7 percent use tax. For more information, including details about registering and collecting the tax, and paying the tax, click here.

Tuesday, September 25, 2018

New Administrative Decision

The Rhode Island Division of Taxation has posted its latest Administrative Decision. This one looks at whether the Division should have denied a married couple's claim for personal income tax refunds. To learn more, click here.