What Rhode Island tax forms must your LLC file? What filing requirements does your S corp. have? To find answers, see the Division of Taxation's latest summaries by clicking here and here.
Tuesday, August 24, 2021
Friday, August 20, 2021
Mask and health-screening required for office visit
The Division has posted a reminder for visitors: Masks and health-screenings are required. It's part of an effort to limit the spread of the coronavirus (COVID-19). For details, click here.
Thursday, August 19, 2021
Latest Security Summit advice for tax professionals
The Rhode Island Division of Taxation, the Internal Revenue Service, and other partners in the Security Summit warn tax professionals to beware of evolving phishing scams that use various pandemic-related themes to steal client data. To learn more, click here.
The Security Summit also urges tax professionals to learn the signs of data theft so they can react quickly to protect clients. For more information, click here.
Annual report on tax credits, incentives
The Division of Taxation has posted on its website its latest annual tax credit and incentive report, as required by Rhode Island statute.
The latest report identifies, by name and amount, the 14 businesses that received a combined total of approximately $18.78 million in certain state tax credits and incentives for the fiscal year that ended June 30, 2021.
Two of those recipients also received a combined total of approximately $3.76 million in other Rhode Island tax credits and incentives, the report shows.
Since 2008, more than 421 businesses have received a cumulative total of $379 million in Rhode Island tax credits and incentives, the report states.
Historic tax credits
A separate part of the report shows, in the aggregate, certain information related to projects that have requested certification of a completed building rehabilitation under Rhode Island’s historic preservation tax credit program of 2013.
The report shows, in the aggregate, the number of jobs created, the number of Rhode Island businesses retained for work, the total amount of qualified rehabilitation expenditures, and the cost of materials or products purchased from Rhode Island businesses.
Full report
To view the full report, click here.
Friday, August 6, 2021
Executive Order extended
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 September 4, 2021, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.
Thursday, August 5, 2021
Free File available for filing on extension
Still haven't filed your Rhode Island personal income tax return for 2020? The Rhode Island Free File program lets you prepare and file your federal and Rhode Island returns online at no charge. See if you qualify: http://www.tax.ri.gov/misc/efile.php.
Tuesday, August 3, 2021
How tax professionals can help victims of UI fraud
The Rhode Island Division of Taxation, the Internal Revenue Service, and other partners in the Security Summit today outlined how tax professionals can help clients who were victims of unemployment insurance fraud schemes that targeted state workforce agencies in 2020 and 2021. To learn more, click here.
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