Monday, August 22, 2016

Latest tax credit disclosure report

The Division of Taxation has posted on its website its latest annual tax credit and incentive report, as required by Rhode Island statute.

The latest report identifies 20 businesses that received a combined total of $29.4 million in certain state tax credits and incentives for the fiscal year ended June 30, 2016. 

Some of those recipients also received a combined total of approximately $15.3 million in other Rhode Island tax credits and incentives, the report shows.

Friday, August 12, 2016

New scam targets tax preparers

Rhode Island Acting Tax Administrator Neena S. Savage urges tax professionals to read yesterday’s announcement from the Internal Revenue Service regarding a new phishing scam, which specifically targets tax preparers. The announcement also reviews ways to safeguard data. 

Tuesday, August 9, 2016

Decision on cigarette dealer's license

The latest Administrative Decision posted by the Division of Taxation looks at whether a cigarette dealer's license should be revoked. To view, click here.