Email scam targets tax professionals

The Rhode Island Division of Taxation, the Internal Revenue Service, and other partners in the Security Summit warned today of an uptick in email scams that target tax professionals. For more information, click here.

Monday deadline for corporate estimated tax

The Rhode Island Division of Taxation reminds tax professionals and taxpayers that the fourth payment of estimated tax for calendar-year C corporations is due on or before Monday, December 17, 2018. For more information, click here.

W-2 and ID scams target small business

The Internal Revenue Service, the Rhode Island Division of Taxation, and other members of the Security Summit urge small businesses to be on guard against a growing wave of identity theft and W-2 scams. For details, see today's announcement, issued as part of National Tax Security Awareness Week.

Use strong passwords online, Security Summit says

The Internal Revenue Service, the Rhode Island Division of Taxation, and other partners in the Security Summit urged taxpayers and tax professionals today to create and use strong passwords when online. This is especially important for those who use online accounts involving financial data and/or tax data, the Security Summit said. To learn more, click here.

Also today, the Security Summit warned about a new wave of phishing attacks. The term "phishing" refers to how criminals, posing as trustworthy people or organizations, use emails or websites to solicit your personal, tax, or financial information. To learn more, click here.

Ruling issued on solar power project

The Rhode Island Division of Taxation today posted its latest Declaratory Ruling.

In Ruling Request No. 2018-01, the owner of a solar power project asks whether a number of items purchased/used for a solar photovoltaic system will be exempt from Rhode Island sales and use tax. To view the ruling, click here.

Beware of ID thieves this shopping season

The Internal Revenue Service, the Rhode Island Division of Taxation, and other partners in the Security Summit today urged taxpayers to take extra steps during this holiday shopping season to protect their tax and financial data from identity thieves. (Click here for the announcement.)

The appeal came as the Security Summit kicked off National Tax Security Awareness Week. In Rhode Island, Tax Administrator Neena Savage and Attorney General Peter Kilmartin helped launch the start of National Tax Security Awareness Week by taking part in a news conference in Cranston co-hosted by the IRS and the Rhode Island Society of Certified Public Accountants. (See below)

Rhode Island Tax Administrator Neena Savage

Rhode Island Attorney General Peter Kilmartin

Method of depreciation

The Rhode Island Division of Taxation today posted its latest Administrative Decision. At issue is the proper method of determining accumulated depreciation under the personal property tax imposed on telecommunications companies. Click here to view a copy.