Thursday, March 30, 2017

Reminder on surplus lines

The Rhode Island Division of Taxation reminds taxpayers about the annual tax return filing requirement for surplus lines brokers/licensees:

A Rhode Island tax return must be filed each year on behalf of surplus lines brokers/licensees. The return must be filed with the Rhode Island Division of Taxation and is normally due on or before April 1. But because April 1 falls on a Saturday this year, the filing and payment deadline will be the following business day: Monday, April 3, 2017.

The return must be filed even if no income is reported (a “zero return”). For the 2016 tax year, the return must be filed on paper, on Form T-71A. The mailing address is included on the form. (For the 2017 tax year, and later tax years, the Division plans an electronic filing option.)

For more information, see the Division of Taxation’s publication, “Surplus Lines Brokers/Licensees: Guide to Tax Filings and Payments,” which includes details and answers to frequently asked questions. To view the guide, click here. For surplus lines forms, click here.

Wednesday, March 15, 2017

For some, filing deadline is tonight

The Rhode Island Division of Taxation's latest Advisory for Tax Professionals, posted today, includes information on the following topics: 
  • Avoid use of staples when filing paper returns.
  • Filing deadline is tonight for some business entities.
  • Filing on extension.
  • Estimated tax payments.
  • Other matters.

Monday, March 13, 2017

Office closed on Tuesday

The Rhode Island Division of Taxation will be closed tomorrow -- Tuesday, March 14, 2017 -- due to the storm. All State offices will be closed. Click here for details.

Monday, March 6, 2017

Free File program highlighted at Warwick event

Rhode Island Tax Administrator Neena S. Savage was among a number of federal, state, and private-sector officials who gathered at the Pilgrim Senior Center in Warwick today to highlight benefits of the Free File program.

The Rhode Island Free File program generally allows qualifying taxpayers to use a participating tax preparation software program to prepare and file their federal and Rhode Island personal income tax returns online at no charge. A special page on the Rhode Island Division of Taxation’s website lists the participating software programs and includes a summary of each. Click here to view it.

Speakers at today's Free File event in Warwick included (above, from left) U.S. Representative Jim Langevin, Bernie McKay of the Intuit Financial Freedom Foundation, Rhode Island Tax Administrator Neena Savage, U.S. Senator Jack Reed, and U.S. Senator Sheldon Whitehouse.

Wednesday, March 1, 2017

Reminder on new filing deadlines

The Rhode Island Division of Taxation today issued a reminder to tax professionals, businesses, and others that filing deadlines have changed for a number of different entities. For example, calendar-year partnerships, which formerly filed in April, now have a deadline of March 15 -- which is two weeks from today.

The Division's latest Advisory for Tax Professionals also includes information on the following topics:

  • Businesses filing on extension.
  • Estimated tax payments for businesses.
  • Personal income tax refund statistics.
  • Economic impact analysis reports online.