The Rhode Island Division of Taxation today posted an Advisory that provides guidance about the tax treatment of unemployment compensation.
The Division is in the process of revising certain forms and instructions relating to the guidance and will post the revised documents as soon as possible. The Division will let its stakeholders know immediately after the revised documents are posted.
To view the Advisory, click here.
The Rhode Island Division of Taxation today announced that surplus lines brokers that file as individual licensees/brokers can now use their National Producer Number in place of their Social Security number when filing their annual tax return for 2020, which is due on April 1, 2021. To learn more, click here.
The Rhode Island Division of Taxation has extended an emergency regulation that provides withholding-tax guidance for employers that have employees who are temporarily working remotely due to the coronavirus (COVID-19) pandemic. To learn more, click here.
Rhode Island Governor Daniel J. McKee has extended an Executive Order involving unemployment insurance matters (including relief for employers related to unemployment insurance tax charges). This Executive Order will remain in full force and effect until April 21, 2021, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.
Q: The Rhode Island Division of Taxation recently postponed the due date for personal income tax returns to May 17, 2021, following the federal postponement. If a single-member limited liability company (SMLLC) is owned by an individual, is the SMLLC's Form RI-1065 and payment due April 15 or May 17?
If a SMLLC is owned by an individual, the SMLLC’s filing and payment are due April 15, even though the individual’s 1040 and payment this season are due May 17.
A SMLLC may elect to file for a six-month extension using Form RI-7004. That would give the SMLLC an extended due date of October 15, 2021. However, the SMLLC’s payment would still be due April 15, 2021.
The Rhode Island Division of Taxation announced today that it has postponed – until May 17, 2021 – the deadline for individuals to file their Rhode Island personal income tax returns and make related payments for the 2020 tax year.
The Division’s announcement follows the deadline change announced by the Internal Revenue Service on March 17, 2021 – a convenience for taxpayers, tax preparers, and others.
To view the Division's announcement, click here.
The Rhode Island Division of Taxation has posted the latest edition of its newsletter. It focuses mainly on the 2021 tax year. Topics include the following:
To view or download the newsletter, click here.
Rhode Island Governor Daniel J. McKee has extended Executive Order 20-02, which declared a state of emergency due to the dangers to health and life posed by the coronavirus (COVID-19) pandemic.
This Executive Order will remain in full force and effect until April 14, 2021, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.
Effective immediately, the Rhode Island Division of Taxation will allow electronic signatures in place of handwritten signatures for five more types of forms. For more information, click here.
The Rhode Island Division of Taxation is reviewing the federal law enacted on March 11, 2021 (H.R. 1319 - American Rescue Plan Act of 2021), including its provision involving the federal tax treatment of unemployment compensation for the 2020 tax year. The Division is awaiting guidance about the new law from the Internal Revenue Service. When the Division completes its analysis, the Division will post updates.
Many taxpayers can prepare and file their own federal and Rhode Island personal income tax returns online at no charge via Rhode Island Free File. To see if you're eligible: http://www.tax.ri.gov/misc/efile.php
The Rhode Island Division of Taxation today posted a reminder about the March 15 deadline for filings and payments by certain business and other entities. To view, click here.
The Division has also updated a table on page 11 of its filing-season newsletter to provide additional information about the March 15 due date, mainly involving the pass-through entity election. To view, click here.
To view all Division Advisories, click here.
To view all Division newsletters, click here.
Rhode Island Governor Daniel J. McKee has extended an Executive Order involving the “Rhode Island Qualified Jobs Incentive Act of 2015” program, under Rhode Island General Laws Chapter 44-48.3. The extended Executive Order will remain in effect until April 9, 2021 (unless renewed, modified or terminated by subsequent Executive Order).
To view the order involving the extension, click here.
Do-it-yourself taxpayers:
Find out if you can qualify to prepare and e-file your federal and Rhode Island personal income tax returns online at no charge -- through the Rhode Island Division of Taxation's website. Click here.
The Rhode Island Division of Taxation has posted a special edition of its newsletter, focusing on the filing season. Topics include the following:
To view or download the newsletter, click here.
An Executive Order involving unemployment insurance matters (including relief for employers related to unemployment insurance tax charges) has been extended. This Executive Order will remain in full force and effect until March 24, 2021, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.