Monday, July 30, 2018

Recent developments


Strengthen passwords

The Rhode Island Division of Taxation, the Internal Revenue Service, and other partners in the Security Summit urge all tax professionals to use strong passwords to protect accounts from cyberthieves. Tax professionals also should consider encryption for all sensitive data. To learn more, click here.

Statistics of Income

The Rhode Island Division of Taxation has posted on its website two Statistics of Income (SOI) reports. Both cover the personal income tax for the 2015 tax year. One focuses on residents, the other on nonresidents. The reports draw on figures contained in tax returns filed with the Division of Taxation. The reports do not disclose confidential taxpayer information. Rather, they provide aggregate data for a given tax type. To learn more, click here.