The Division of Taxation has posted four new Administrative Decisions:
Friday, March 25, 2016
Saturday, March 12, 2016
Division urges businesses to be wary of scam
The Rhode Island Division of Taxation yesterday publicly cautioned Rhode Island businesses owners about a scam in which individuals claim to be collections agents of the Rhode Island Division of Taxation and request immediate payment.
The Division of Taxation does not request cash or other payment by businesses upon demand by visiting businesses in person.
The Division of Taxation has temporarily ceased any in-person collection activity in response to this scam.
The Division of Taxation does not request cash or other payment by businesses upon demand by visiting businesses in person.
The Division of Taxation has temporarily ceased any in-person collection activity in response to this scam.
To learn more, click here.
Seminar about taxes on short-term residential rentals
The Rhode Island Division of Taxation reminds property owners, real estate agents, tax professionals, and others about a statewide seminar to be held on April 1.
The statewide seminar, which will take place in Newport, will be about taxes on short-term residential rentals. Because space is limited, pre-registration is required. To learn more, click here.
The statewide seminar, which will take place in Newport, will be about taxes on short-term residential rentals. Because space is limited, pre-registration is required. To learn more, click here.
FAQs on combined reporting and related topics
The Rhode Island Division of Taxation has posted answers to frequently asked questions (FAQs) about combined reporting and related subjects. The FAQs focus on practical issues, such as what forms and schedules to use, the new seven-month extension rule, e-filing, estimated payments, the minimum tax, and other topics.
In addition, the agency has posted, as final, a regulation on combined reporting.
The agency has a web page which provides more detailed information about combined reporting and related topics.
In addition, the agency has posted, as final, a regulation on combined reporting.
The agency has a web page which provides more detailed information about combined reporting and related topics.
Friday, March 4, 2016
Practitioner Update: Schedule CRS
The Rhode Island Division of Taxation has finalized Schedule CRS, posted it on its website, and made it available to tax software providers.
The Division of Taxation is in the process of finalizing the instructions for Schedule CRS and hopes to post the finalized version on its website within the next week or so. A draft is available on the agency's website, providing interim guidance.
Schedule CRS is important for combined groups that are subject to Rhode Island's new mandatory unitary combined reporting regime. For those groups, Schedule CRS will be filed as an integral part of Form RI-1120C.
Combined reporting applies to tax years beginning on or after January 1, 2015. A number of tax practitioners will encounter it this year, as they prepare tax year 2015 returns.
The Division of Taxation is in the process of finalizing the instructions for Schedule CRS and hopes to post the finalized version on its website within the next week or so. A draft is available on the agency's website, providing interim guidance.
Schedule CRS is important for combined groups that are subject to Rhode Island's new mandatory unitary combined reporting regime. For those groups, Schedule CRS will be filed as an integral part of Form RI-1120C.
Combined reporting applies to tax years beginning on or after January 1, 2015. A number of tax practitioners will encounter it this year, as they prepare tax year 2015 returns.
Wednesday, March 2, 2016
Seminar in Newport on short-term residential rentals
The Rhode Island Division of Taxation will hold a seminar in Newport next month about taxes on short-term residential rentals. The seminar will be held on Friday, April 1, 2016, from 10:00 a.m. to 12:00 noon at the Community College of Rhode Island’s Newport County campus.
The seminar is open to property owners, real estate agents, tax professionals, and others. Division of
Taxation representatives will:
For registration and other information, click here.
The seminar is open to property owners, real estate agents, tax professionals, and others. Division of
Taxation representatives will:
- explain how the new taxes work;
- discuss how the new taxes apply;
- explain the registration, filing and payment requirements; and
- answer questions.
For registration and other information, click here.
Monday, February 29, 2016
Tax credits for project in downtown Providence
The Rhode Island Division of Taxation has posted details about the rehabilitation of a five-story brick building in downtown Providence. The project, on Custom House Street, involves Rhode Island historic preservation tax credits.
The Division of Taxation's web page on historic tax credits shows details involving all applicants that have signed a contract and paid the required fee under the state's 2013 historic preservation tax credit program.
The Division of Taxation's web page on historic tax credits shows details involving all applicants that have signed a contract and paid the required fee under the state's 2013 historic preservation tax credit program.
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