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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...
THE SMALL BUSINESS ADMINISTRATION is hosting a free seminar on July 17, from 9:30-11:30 a.m., on tax changes in the 2017 Tax Cuts and Jobs Act that will affect small businesses and individuals.

SBA hosting seminar on tax changes for small businesses

PROVIDENCE – The U.S. Small Business Administration is holding a free training session on the 2017 Tax Cuts and Jobs Act on July 17,...
CONGRESSIONAL REPUBLICANS are scheduled to reveal final details of their agreed-upon tax-overhaul legislation Friday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

GOP delivers sweeping plan for vote next week: Tax debate update

NEW YORK - Congressional Republicans revealed the final details of their agreed-upon tax-overhaul legislation Friday. It’s the culmination of a six-week legislative sprint designed...
TENTATIVE DETAILS have emerged on THE GOP's consensus tax plan. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Changes seen costing $200B in revenue: Tax debate update

NEW YORK - Congressional leaders worked quickly to finalize compromise legislation for floor votes next week in an all-out effort to provide themselves and President...
SENATE AND HOUSE REPUBLICANS are said to have reached a tentative agreement on new tax legislation. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Here’s where the agreed-upon GOP plan stands: tax debate update

NEW YORK - President Donald Trump plans to make what his staff members called a “closing argument” for tax-overhaul legislation Wednesday as congressional Republicans consider...
HOUSE REPUBLICANS BEGAN releasing details on a new tax plan Thursday. / BLOOMBERG FILE PHOTO/ANDREW HARRER

House tax bill has major changes for businesses, individuals

NEW YORK - House Republican leaders began rolling out a tax bill Thursday that contains sweeping changes for business and individual tax rates, including a...
THE INSTITUTE ON TAXATION AND ECONOMIC POLICY created a chart that shows how the proposed tax reform package would affect Rhode Islanders. / COURTESY INSTITUTE ON TAXATION AND ECONOMIC POLICY

Report: Proposed tax changes would mostly benefit top 1% of R.I....

PROVIDENCE -  The latest proposed tax reform framework supported by President Donald Trump and U.S. House Speaker Paul Ryan would disproportionately benefit the top...
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