"Wavemaker Fellowship" tax credits awarded

The Rhode Island Commerce Corporation recently announced that it has selected the recipients of the first "Wavemaker Fellowship" tax credits.

Following a competitive review process, a total of 215 college graduates were chosen to receive the credits. The graduates work in the science, technology, engineering, and mathematics fields at Rhode Island employers. For more information, click here.

Extended due dates

The Rhode Island Division of Taxation today announced a new set of extended due dates for certain entities.

The changes mainly involve C corporations that file on Form RI-1120C, pass-through entities that file on Form RI-1065, and calendar-year trusts that file on Form RI-1041.

The Division of Taxation is making the changes so that entities will have the same deadlines for filing their federal and Rhode Island returns – a convenience for businesses and for tax professionals.

Acting Tax Administrator warns of scam

Rhode Island Acting Tax Administrator Neena S. Savage today urged tax professionals and taxpayers to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.

Details of the scam are in an alert issued jointly today by the IRS and its Security Summit partners, which include the Rhode Island Division of Taxation.

Payments of estimated tax due tomorrow

The Rhode Island Division of Taxation reminds tax professionals and taxpayers that quarterly estimated payments of Rhode Island personal income tax are due tomorrow. September 15 is also the deadline for making estimated payments of certain other taxes. 

But the extended due date this time around for calendar-year C corporations is not September 15. Instead, it is October 17.

Click here for more information.

Scam Alert: New wave targets tax pros

Rhode Island Acting Tax Administrator Neena S. Savage urges tax professionals to read today’s alert from the Internal Revenue Service, which warns of a new wave of online attacks targeting tax professionals. For details, click here.

Labor Day holiday

The Rhode Island Division of Taxation office, at One Capitol Hill, Providence, R.I., will be closed on Monday, September 5, in observance of the Labor Day holiday. The office will reopen to the public at 8:30 a.m. on Tuesday, September 6.

Forms, instructions, and other documents, as well as online tools, are available throughout the holiday weekend on the agency's website: www.tax.ri.gov

Revised forms for estate tax filings

The Rhode Island Division of Taxation has posted revised forms for estate tax filings. The Division has also created and posted a voucher for use when making payments involving the estate tax or estate tax-related lien releases (see snapshot below). For details, click here.