Wednesday, September 30, 2015
Computer system changeover
The second phase of the Rhode Island Division of Taxation’s changeover to a new agency-wide computer system will soon take place. The Tax Division will remain open for business while the changeover occurs, but certain services will be limited or will not be available during the changeover. For details, please click here.
Tax credits for project in Pawtucket
The Division of Taxation has posted details about the rehabilitation of a century-old mill complex on Kenyon Avenue in Pawtucket -- a project that involves Rhode Island historic preservation tax credits.
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 program.
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 program.
Thursday, September 24, 2015
Acks resume after temporary delay
Acknowledgements for electronically filed Rhode Island tax returns have resumed after the Division of Taxation resolved a computer issue that caused a temporary delay.
When returns are filed electronically with a tax agency, the practitioner typically receives a short electronic message that serves as a confirmation that the return has been received. The confirmation is sometimes referred to as an acknowledgement, or "ack."
A number of tax practitioners have contacted the Division of Taxation to say that they received acknowledgements from the Internal Revenue Service for the recent e-filing of federal returns, but have not yet received acknowledgements from the Division of Taxation for the recent e-filing of their Rhode Island returns.
Rhode Island Tax Administrator David M. Sullivan today explained that, due to server updates, a backlog resulted within the Division of Taxation, temporarily delaying the issuing of acknowledgements. The delay involved several thousand returns -- mainly business returns on Form RI-1120C, Form RI-1120S, and Form RI-1065 -- that were e-filed between early September 2015 and mid-September 2015. (A small number of returns on Form RI-1040 were also affected.) “But the server-update issue has now been resolved, the backlog is being reduced, and the first batch of acknowledgements has been issued,” Sullivan said.
"We are pleased to report that the problem has been resolved and that the backlog is dwindling. We also want practitioners and taxpayers to know that if their return was due by September 15 and was e-filed by September 15, but was caught up in this server-update issue, the return will still be considered as timely filed," Sullivan said.
When returns are filed electronically with a tax agency, the practitioner typically receives a short electronic message that serves as a confirmation that the return has been received. The confirmation is sometimes referred to as an acknowledgement, or "ack."
A number of tax practitioners have contacted the Division of Taxation to say that they received acknowledgements from the Internal Revenue Service for the recent e-filing of federal returns, but have not yet received acknowledgements from the Division of Taxation for the recent e-filing of their Rhode Island returns.
Rhode Island Tax Administrator David M. Sullivan today explained that, due to server updates, a backlog resulted within the Division of Taxation, temporarily delaying the issuing of acknowledgements. The delay involved several thousand returns -- mainly business returns on Form RI-1120C, Form RI-1120S, and Form RI-1065 -- that were e-filed between early September 2015 and mid-September 2015. (A small number of returns on Form RI-1040 were also affected.) “But the server-update issue has now been resolved, the backlog is being reduced, and the first batch of acknowledgements has been issued,” Sullivan said.
"We are pleased to report that the problem has been resolved and that the backlog is dwindling. We also want practitioners and taxpayers to know that if their return was due by September 15 and was e-filed by September 15, but was caught up in this server-update issue, the return will still be considered as timely filed," Sullivan said.
Monday, September 21, 2015
Administrative Decisions on personal income tax
The Division of Taxation has posted two new Administrative Decisions:
Thursday, September 17, 2015
Room resellers, hosting platforms
The Division of Taxation today posted Notices that describe how a new law applies to room resellers and hosting platforms.
In general, the law involves the expansion of the sales and hotel taxes to hosting platforms and room resellers, now requiring them to register with the Division of Taxation and remit sales and hotel taxes to the Division.
- Notice 2015-14 is for room resellers.
- Notice 2015-15 is for hosting platforms.
In general, the law involves the expansion of the sales and hotel taxes to hosting platforms and room resellers, now requiring them to register with the Division of Taxation and remit sales and hotel taxes to the Division.
Monday, September 14, 2015
Estimated tax payments due tomorrow
The deadline is tomorrow for making third-quarter payments of estimated personal income tax. It is also the deadline for a number of other payments and filings. The Division of Taxation today issued a reminder.
Friday, September 4, 2015
Real estate conveyance tax
The Division
of Taxation has posted three documents which provide guidance on how the real
estate conveyance tax applies to acquired real estate companies.
Thursday, September 3, 2015
Attorney General warns of tax scam
Rhode Island Attorney General Peter F. Kilmartin today warned consumers of a resurgence in reports of a persistent, aggressive scam involving taxes. Click here for more information.
Rhode Island and Streamlined
The Division of Taxation has posted its revised Certificate of Compliance regarding the Streamlined Sales and Use Tax Agreement. States that are members of the agreement, including Rhode Island, must re-certify each year that they are in compliance with it.
The Division of Taxation has also posted the latest version of its taxability matrix, which spells out the tax treatment of certain items defined in the Streamlined agreement.
The Division of Taxation has also posted the latest version of its taxability matrix, which spells out the tax treatment of certain items defined in the Streamlined agreement.
Wednesday, September 2, 2015
Tax credits for project in Newport
The Division of Taxation has posted details about the renovation of a parish house on High Street in Newport for purposes of a condominium project. The project involves Rhode Island historic preservation tax credits.
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 program.
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 program.
Tuesday, September 1, 2015
Draft regs on apportionment, nexus
The Rhode
Island Division of Taxation today posted two documents:
- A draft regulation involving apportionment of net income for corporate income tax purposes.
- A draft regulation involving nexus for corporate income tax purposes.
Both are
exposure drafts. For details about submitting comments, please see the cover
page of each document.
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