The Rhode Island Division of Taxation today provides technical guidance regarding the use of passive losses at the state level.
More information is Available in Advisory 2022-39.
The legalization of the adult recreational use of cannabis in Rhode Island will have impacts on Rhode Island taxation policy. The passage of House Bill 7593, Substitute A as amended, signed into law in May, affects Rhode Island General Laws Titles 21 and 44.
More information is available in Advisory 2022-36.
The Rhode Island Division of Taxation today is informing taxpayers of changes regarding ACH tax payments effective January 1, 2023. Effective January 1, filing a separate return will be required when paying by ACH.
Details contained in Advisory 2022-33.
The Rhode Island Division of Taxation continues efforts to engage and educate Rhode Island taxpayers. The Division’s latest publication, the “Restaurant Industry & Rhode Island Tax” guide is a resource for taxpayers and tax professionals in the restaurant and hospitality sector.
In the latest Administrative Decisions, the issues addressed are:
Employers subject to Individual Mandate reporting requirements will now have more time each year to file documents relating to Rhode Island’s health insurance mandate.
Two deadlines related to the mandate have been permanently extended:
1. The deadline requiring employers to distribute IRS Forms 1095-B/C to their employees has been permanently extended to March 2 of each year. The next such Rhode Island deadline is March 2, 2023.
2. The deadline for the applicable entity filing of the return required by Rhode Island’s health insurance mandate has been permanently changed from January 31 to March 31 starting in 2023. This aligns Rhode Island’s guidance with IRS’s permanent Affordable Care Act (ACA) filing deadline change.
More details can be found in the Division's Advisory 2022-29.
The Rhode Island Division of Taxation will be discontinuing use of the RI-1096PT form series for tax year 2023. The addition of a schedule to the various entity returns will replace the RI-1096PT form series and streamline filing requirements for both taxpayers and tax preparers.
Learn more in Advisory 2022-27.
The Rhode Island Division of Taxation reminds tax professionals and taxpayers that the deadline for filing Rhode Island resident and nonresident personal income tax returns on extension is Monday, October 17, 2022.
Find details in Advisory 2022-28.
The Division of Taxation reminds taxpayers and tax professionals that for tax periods beginning on or after January 1, 2023, the interest rate for some delinquent tax payments will be changing.
More information is available in Advisory 2022-25, and further details can be found in the Division's Interest Rate Change FAQs.
The Division of Taxation reminds taxpayers that starting in January some Rhode Islanders can expect to see an increase in their property tax relief credit for tax years beginning on or after January 1, 2022. The maximum income level for taxpayers to qualify for the credit will increase from $30,000 to $35,000, with a maximum credit of $600.
More information is Available in Advisory 2022-24.
The Division of Taxation reminds businesses that in accordance with changes signed into law in June, larger business registrant taxpayers will be required to use electronic means to file returns and remit taxes to the State of Rhode Island beginning on January 1, 2023.
A "larger business registrant" is defined as any person who:
The passage of the Fiscal Year 2023 Budget has expanded Rhode Island’s sales tax exemptions. This means that beginning October 1, 2022, items as outlined in the Division's latest Advisory will be exempt from Rhode Island Sales and Use tax.
This fall, the Rhode Island Division of Taxation will implement updates to the ‘Rhode Island Dealer’s Statement of Sale - Motor Vehicle’ form. This form is also commonly known as the Form T336-1. The new fillable PDF will reduce errors and streamline filing and processing.
The Rhode Island Division of Taxation has posted a Notice about a new change in tax law. For information regarding the Hospital Licensing Fee change please see Notice 20202.
For a plain-language summary of key tax provisions that were enacted in the 2022 session of the Rhode Island General Assembly, please see the Division's Summary of Legislative Changes.
The Rhode Island Division of Taxation has posted an Advisory containing information regarding the 2022 Child Tax Rebate.
The Division has created a webpage specifically for the Child Tax Rebate. For up-to-date information, as well as detailed FAQs, please visit the webpage at: https://tax.ri.gov/ChildTaxRebate2022.
The Rhode Island Division of Taxation has posted a plain-language summary of key tax provisions that were enacted in the 2022 session of the Rhode Island General Assembly.
Most of the tax changes were enacted in the budget bill for the 2023 fiscal year. Some of the changes were enacted in stand-alone legislation.
To view a copy of the Division's "Summary of Legislative Changes", visit our website.
The Rhode Island Division of Taxation reminds taxpayers and tax professionals that an important deadline for many payment types is quickly approaching. June 15 is the deadline for the second installment of estimated payments. Estimated payments apply to some personal income filers and many business entities.
The IRS has released updated guidance regarding the 2021 Earned Income Tax Credit (EITC).
Taxpayers should be aware the new guidance states that for 2021, eligible taxpayers can choose to figure the Earned Income Tax Credit using their 2019 earned income if it was higher than their 2021 earned income, even if they did not have any earned income in 2021.
This guidance supersedes information provided previously, including in the Division's Advisory 2022-11.
In the latest Administrative Decisions, the issues addressed are:
The Internal Revenue Service has announced that the annual modernized e-file (MeF) systems maintenance window will take place Memorial Day weekend. All services except "SendSubmissions" will not be available for MeF Production and Testing Systems on Sunday, May 29, 2022, from 12:01 am. until 3:00 pm. Eastern time.
During this maintenance period, MeF will accept submissions but will not generate acknowledgements or process any state services such as Get Submissions, Send Acknowledgements or Send Receipts.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer owes the Division's assessment for tax year 2020. Details are contained in Administrative Decision 2022-11.
The Rhode Island Division of Taxation has posted the annual report on the sales and taxation of alcoholic beverages.
The Rhode Island Division of Taxation reminds taxpayers and tax preparers that the deadline for personal income tax returns is April 18, 2022.
Read the Advisory for some points to keep in mind as the tax-filing season nears an end.
The Rhode Island Division of Taxation today provides the following information about the Employer Tax unit.
The Employer Tax unit will be moving to the Rhode Island Department of Labor and Training (DLT), in Cranston, effective on April 11, 2022.
Full details available in the Advisory: https://tax.ri.gov/sites/g/files/xkgbur541/files/2022-04/ADV_2022_13_Employer_Tax_move.pdf
Have you filed your tax year 2021 personal income tax return yet? Don't forget Rhode Island's special tax break on income from 401(k) plans, pensions, and certain other sources.
View the Division's recently released Guide to the Modification for Income from Pensions, 401(k) Plans, Annuities, and Other Such Sources to see if you qualify.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer owes the Division's assessment for tax year 2013. Details are contained in Administrative Decision 2022-08.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer's sales tax refund claim is valid. Details are contained in Administrative Decision 2022-07.
The Rhode Island Division of Taxation has released an Advisory reminding taxpayers that filing complete and accurate returns is the key to receiving their refund quickly. In the Advisory taxpayers and tax professionals can find helpful tips to avoid errors that can delay the processing of returns and issuing of refunds.
The Rhode Island Division of Taxation has posted a reminder that the Free File program is available for many taxpayers:
The Rhode Island Division of Taxation has posted its latest newsletter. Topics include the following:
The Rhode Island Division of Taxation reminds taxpayers that the deadline for filing and paying taxes in relation to Paycheck Protection Program loans forgiven in 2020 is March 31, 2022.
In the latest Administrative Decisions, the issues addressed are:
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.
The Rhode Island Division of Taxation reminds all visitors that while Governor McKee has lifted indoor masking requirements in certain circumstances, mask wearing is still required in State facilities - including the Division’s offices.
The Rhode Island Division of Taxation has posted answers to frequently asked questions (FAQs) about the 2022 filing season.
The Federation of Tax Administrators (FTA) last week welcomed Tax Administrator Neena S. Savage as president of the national organization’s Board of Trustees.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer owed Rhode Island income tax for 2018. Details are contained in Administrative Decision 2022-04.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer's claimed refund for the calendar year 2018 should have been denied by the Division. Details are contained in Administrative Decision 2022-03.
In the latest Administrative Decision, the issue addressed is whether the Taxpayer owes the assessed marijuana tax, interest, and penalty. Details are contained in Administrative Decision 2022-02.
The Division of Taxation reminds taxpayers that legislation approved in the 2021 session made changes eliminating the fees to apply for or renew a sales permit. Read the full advisory here: https://go.usa.gov/xtB96.
The Rhode Island Division of Taxation announced today that it will be following the IRS 2022 tax filing start date of January 24 and due date of April 18 for filing Rhode Island personal income tax returns for the 2021 tax year. Read more: https://go.usa.gov/xtBWM.
In light of the Governor's recent Executive Orders, taxpayers are encouraged to utilize the Division of Taxation's web and phone services. Learn how the updated website and Tax Portal, as well as other alternatives to in-person visits serve taxpayers: https://tax.ri.gov/media/18916/download?language=en
The Rhode Island Division of Taxation has revised the Notice 2021-4 involving the real Estate Conveyance Tax to clarify that the additional tax rate applies only to residential real property, and to make a correction on a calculation.
The Division has revised the 2021"Summary of Legislative Changes." The clarification that the additional tax rate applies only to residential real property was added to the real estate conveyance tax summary.
The Rhode Island Division of Taxation is alerting taxpayers to an important document being distributed by the IRS. Taxpayers who received advance Child Tax Credit payments should be on the lookout for IRS letter 6419. This letter is an important component of your tax documents for this year. You can find the full Advisory here: https://tax.ri.gov/media/18891/download?language=en
The Rhode Island Division of Taxation is also suggesting steps to take if you have been a victim of identity theft. With tax preparation and filing season right around the corner at the end of January, the New Year is an especially critical time to protect yourself and your personal information. Read more about here: https://tax.ri.gov/media/18896/download?language=en
In the latest Administrative Decision, posted today, the issue addressed is whether the taxpayers' refund claim for the calendar year 2017 should have been denied by the Division. Details are contained in Administrative Decision 2022-01.
