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NEW YORK, NEW JERSEY and Connecticut have sued President Donald Trump’s administration over a provision in the 2017 tax law that limited write-offs for state and local taxes. / BLOOMBERG FILE PHOTO/ANDREW HARRER

N.Y., N.J. & Conn., pursue another battle in SALT deduction war

NEW YORK – New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law...
A SCITUATE BUSINESSMAN pleaded guilty to federal income tax evasion this week in U.S. District Court in Providence./ COURTESY CAROL M. HIGHSMITH

Scituate businessman pleads guilty to evading paying $428,700 in federal taxes

PROVIDENCE – A Scituate businessman, who prosecutors say claimed he was not a United States citizen on his tax forms and that his earnings...
JILL MARTINHO, of Swansea, pleaded guilty in U.S. District Court to causing a loss of $557,974 to Walco Electric Co. and to willfully filing false tax returns. / PBN FILE PHOTO/CAROL M. HIGHSMITH

Woman defrauds Providence company of over $557,000

PROVIDENCE – A Massachusetts woman pleaded guilty to defrauding a Providence company of more than $557,000 and to willfully filing false tax returns in...

Johnson & Wales University offers free tax preparation

PROVIDENCE – Johnson & Wales University is offering tax-filing preparation at no charge to those who earned $55,000 or less last year during four...
THE IRS is looking to eliminate the remaining loopholes related to the state and local tax deduction cap. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

IRS Looks for Ways to Squelch N.Y., Connecticut SALT Workarounds

NEW YORK - The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and...
THE NUMBER of tax refunds issued so far this year fell nearly 16 percent year over year to 11.4 million. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Treasury Department says fewer refunds better for U.S. taxpayers

NEW YORK - The U.S. Treasury Department is defending the declining numbers of tax refunds being issued so far this year, saying that taxpayers already...
OWNERS OF SO-CALLED pass-through entities such as partnerships and limited liability companies have to file their businesses’ returns by March 15 - and still don’t have the final word from the Internal Revenue Service about who, exactly, qualifies for the 20 percent deduction on business income. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Big tax break for business owners at risk as shutdown drags...

NEW YORK - The longest government shutdown in United States history could cause tens of thousands of businesses to make a tough choice about whether...
THE IRS WILL issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season, according to the White House Office of Management and Budget. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

IRS will pay refunds during government shutdown, official says

NEW YORK - The Internal Revenue Service will issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season, a decision...
NONPROFITS, such as churches and colleges, will be given some leeway when calculating the cost of parking benefits and won’t face penalties this year if they were confused about how much they owed, according to guidance released by the IRS on Monday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

IRS softens blow after tax law cut perks for nonprofit employees

NEW YORK - The Internal Revenue Service moved to soften the hit from a controversial provision in last year’s tax overhaul that imposes a tax...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. Areas in purple were submitted to the federal program and received QOZ designation, while areas in green were eligible but not submitted. Rhode Island submitted the maximum number of designations allowed./ COURTESY R.I. COMMERCE CORP.

IRS unveils proposed rules for tax law’s big capital gains break:...

NEW YORK - The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity...
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