The Rhode Island Division of Taxation has posted the withholding tax payment calendar for 2022.
The calendar shows, at a glance, the dates on which each employer must submit the Rhode Island personal income tax that the employer has withheld from employee pay for a given period.
The calendar is handy for employers, payroll-service providers, bookkeepers, and others. To view or download, click here.
The Rhode Island Division of Taxation today provided further guidance on the Rhode Island tax treatment of Paycheck Protection Program (PPP) loan forgiveness amounts.
According to the new guidance, the Division has developed a form for reporting the amount by which PPP loan forgiveness for 2020 exceeds $250,000. Taxpayers will also use the forthcoming form to compute any tax due.
For more information, click here.
The Rhode Island Division of Taxation has revised a recent Advisory involving interest rates to show the correct month in 2006 in which a rate change took place. To view, click here.
The Division has revised a recent "Summary of Legislative Changes" and notice to more accurately reflect statute involving the scope of a real estate conveyance tax exemption. For the summary, click here. For the notice, click here.
The Rhode Island Division of Taxation today announced the interest rates that will apply in 2022 to overpayments and underpayments. The rates are based on formulas set in statute. For more information, click here.
The Rhode Island Division of Taxation has posted its latest newsletter. Topics include the following:
To view or download, click here. For the Division’s newsletter archive, click here.
The Rhode Island Division of Taxation today posted its latest Administrative.
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 through October 30, 2021, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.
The Rhode Island Division of Taxation this afternoon posted its second Administrative Decision of the day, also involving personal income tax.
Decision No. 2021-06 looks at whether a taxpayer's request for a personal income tax refund for 2017 should have been denied.
The Rhode Island Division of Taxation has posted its latest Administrative Decision.
The Internal Revenue Service has announced that the modernized e-file (MeF) system will be temporarily unavailable for a length of time this coming Sunday due to maintenance. As a result, federal and Rhode Island e-filing will be unavailable during the period.
The MeF system will be unavailable on Sunday, October 3, 2021, from 12:01 a.m. Eastern time until 11:59 a.m. Eastern time. The IRS will not be accepting electronically filed federal tax returns during the period. Also, the joint fed-state e-file program will be unavailable during the period. Therefore, Rhode Island returns transmitted via e-file during the period will not be transmitted to the state. Tax preparers and taxpayers should plan accordingly.
