Guide to tax break for 401(k) and pension income
The Division of Taxation has posted a guide to the tax break for income from 401(k) plans, 403(b) plans, pensions, annuities, and other such sources. To learn more, click here.
Division posts latest issue of newsletter
The Division of Taxation has posted the latest issue of its newsletter. Among the topics:
- An award for the agency
- A new chief of examinations
- A summary of tax amnesty
- Extended due dates
- 'Legal Corner'
- 'Practitioners' Corner'
To view a copy of the publication, click here.
Online marketplace sellers: voluntary disclosure
The Multistate Tax Commission National Nexus Program is offering a special limited-time voluntary disclosure initiative. It is intended for online marketplace sellers under certain circumstances. Taking part in the initiative are 24 states, including Rhode Island, plus the District of Columbia.
Rhode Island and the other jurisdictions will consider applications for voluntary disclosure received by Multistate Tax Commission (MTC) staff through October 17, 2017, from taxpayers meeting certain eligibility criteria. The MTC website has more information.
(Note: The MTC initiative is separate from the Rhode Island Division of Taxation’s ongoing voluntary disclosure program. It is also separate from the Rhode Island general tax amnesty program to launch in early December 2017.)
