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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...
THE AVERAGE federal tax refund average was about $3,008 for the week ending March 8, $4 more than the previous year. The IRS estimates it will ultimately issue about 2.3 percent fewer refunds this year as a result of changes to how much were withheld from paychecks. / BLOOMBERG NEWS FILE PHOTO

Average tax refunds about $3K as filing season hits midpoint

NEW YORK - The IRS has sent out 3.3 percent fewer tax refunds so far this year, but the average refund size continues to...
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...

New rates for tax planning in 2019

The first part of this column outlined some of the new tax rates released by the IRS and Social Security Administration. Below are more...

New rates for tax minimization planning

Early in the year is the best time to begin planning to minimize your income tax liability. The IRS and the Social Security Administration...

Improve EITC to help the poor

For U.S. workers, the tax system acts as an important equalizer. If you earn enough, you pay your share. But if you earn very...

Tax overhaul changes haven’t deterred charitable giving

For Lynn O’Marra, Blum, Shapiro & Co. PC tax principal, 2018 stands out in her nearly 25-year tenure in the industry as a memorably...
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...
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