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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...
THE IRS FILING SYSTEM was experiencing technical malfunctions on the final day for Americans to file taxes. / BLOOMBERG FILE PHOTO/DANIEL ACKER

IRS filing system has glitch as taxpayers race to meet deadline

NEW YORK - The U.S. Internal Revenue Service’s online filing system was experiencing malfunctions on Tuesday - the day tax returns are due for...
IN AN EFFORT to help Americans determine if the amount of federal taxes being withheld from their pay is accurate under the new tax law, the U.S. Treasury Department Wednesday unveiled an online calculator, which is available at irs.gov. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Tax cut calculator unveiled by Treasury to verify withholding

NEW YORK - The U.S. Treasury Department unveiled an online calculator Wednesday to help Americans determine whether the amount of federal taxes being withheld from...
THE U.S. TREASURY Inspector General for Tax Administration, a federal oversight agency, released a report showing the IRS failed to notify more than 450,000 taxpayers they were victims of employment identity theft.

Report: IRS failed to notify 450K people of employment identity theft

PROVIDENCE – A federal oversight agency last week released a report showing the IRS failed to notify more than 450,000 taxpayers they were victims...

Recent IRS directive simplifies R&D tax credits

Credits for research and development are among the most significant tax-reduction opportunities available to businesses. As a result, taxing authorities give R&D activities a...
THE NEW TAX BILL has taxpayers looking to make moves to bolster their financial edge before the new tax season when a new set of rules takes effect. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Did you pre-pay your property taxes due for fiscal 2018 in...

Among the many changes the federal tax overhaul brings is the limit on the deductability of state and local income and property taxes. Whereas...
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