R.I. Division of Taxation issues new form for PPP loan taxes

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THE R.I. DIVISON of Taxation released a new form to report and pay state taxes on Paycheck Protection Program loans above $250,000.
PROVIDENCE – The R.I. Division of Taxation recently released a new form for Paycheck Protection Program borrowers to report taxable loans, according to a news release. The form adds to previously issued tax filing guidance over the state decision to tax forgivable payroll loans higher than $250,000. Any business, nonprofit or other entity that received…

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