Hearing on regulation
The Rhode Island Division of Taxation will hold a public hearing on May 31, 2018, about amending a regulation involving the estate tax. No major changes are proposed. The hearing will start at 9:30 a.m. at the Department of Administration building, One Capitol Hill, Providence.
The Division proposes to modify the regulation in accordance with the new Rhode Island Code of Regulations (a uniform state code). In addition, the Division proposes to eliminate exhibits in the existing regulation and replace them with references to the applicable tax returns.
For more information about the codification process, and about each proposed regulation (including further details about the hearing), see the Rhode Island Department of State (Secretary of State) website. Click here.
Electronic filing
The Internal Revenue Service has announced its annual modernized e-file (MeF) systems shutdown for Memorial Day weekend. The shutdown starts Saturday, May 26, 2018, at 6:00 p.m. and ends on Tuesday, May 29, 2018, at 6:00 a.m.
That means the IRS will not be accepting electronically filed federal tax returns during that period. It also means that the Rhode Island Division of Taxation will not be accepting e-filed Rhode Island returns during that period because the federal/state e-file program will be unavailable.
The joint fed-state e-file program is a cooperative tax‑filing effort between the IRS and most states, including Rhode Island. In general, it allows for federal and state returns to be e-filed simultaneously to the IRS. Once the returns are filed, the IRS keeps the federal portion; the state portion is passed along electronically to the applicable state.
(Note: The IRS has issued a corrected announcement to reflect a date change. Therefore, this blog post has been updated as of May 22, 2018, at 9:17 a.m., and the new date issued by the IRS is underlined above.)
(Note: The IRS has issued a corrected announcement to reflect a date change. Therefore, this blog post has been updated as of May 22, 2018, at 9:17 a.m., and the new date issued by the IRS is underlined above.)
