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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...

Brown-bag lunch for real estate agents will focus on reducing taxes

WARWICK – Certified public accountant Paul Dion will hold a brown-bag lunch at the Rhode Island Association of Realtors offices on Dec. 19, aimed...
A NORTH PROVIDENCE dentist was sentenced to three years probation and 280 hours of community service per year for diverting and failing to report $1.2 million in payments from insurance carriers and patients to his practice.

R.I. dentist sentenced to 3 years probation for failing to report...

PROVIDENCE – Dr. Lawrence P. Stephenson of Lincoln was sentenced in U.S. District Court to three years probation and 280 hours per year of...
JAMES E. DOYLE III has pleaded guilty to 31 counts of bank fraud and one count each of filing a false tax return and failing to file a tax return for a check-kiting scheme that lasted from 2013 to 2016. / COURTESY WJAR-TV NBC 10

Doyle pleads guilty to bank fraud, tax crimes

PROVIDENCE – Little more than a month after being charged by the federal government with 31 counts of bank fraud and one count each...
JAME E. DOYLE II was charged with 31 counts of bank fraud and one count each of filing a false tax return and failing to file a tax return. / COURTESY WJAR-TV NBC 10

Former R.I. Sen. James E. Doyle III charged with bank fraud...

PROVIDENCE – Former state senator and businessman James E. Doyle III of Pawtucket has been charged with 31 counts of bank fraud and one...
OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO

Treasury Department approves R.I.’s 25 census tracts for opportunity-zone program

In mid-April, R.I. Commerce Corp. identified 25 low-income census tracts across 15 cities and towns in Rhode Island as opportunity zones, including Bristol’s tract...

Dentist admits under-reporting $1.2M to IRS

PROVIDENCE — A North Providence dentist pleaded guilty in U.S. District Court in Providence Wednesday to tax evasion, admitting that he diverted and failed...
THE DEPARTMENT OF Revenue's Division of Taxation and the Internal Revenue Service have warned individuals and businesses of a ongoing and evolving scam that demands payment for fictitious outstanding debts.

DOR, IRS warn of renewed scam calls

PROVIDENCE – The R.I. Department of Revenue and the Internal Revenue Service warned individuals and businesses to be vigilant about an evolving scam being...
THE IRS IS warning of a new twist to an old scam, as criminals are mimicking the the IRS Taxpayer Assistance Centers to trick taxpayers into paying nonexistent tax bills.

IRS warns of a new twist to an old scam

PROVIDENCE – The IRS is warning of a new twist to an old scam, as criminals are tricking taxpayers into paying nonexistent tax bills.The...
NEENA S. SAVAGE is the R.I. Tax Administrator. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. extends tax deadline one day following IRS tax glitch

PROVIDENCE – Rhode Island has extended its tax deadline by one day to Wednesday, the R.I. Department of Revenue announced Wednesday.The move comes after...
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