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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...

Free tax preparation services available for Rhode Islanders

CRANSTON – Free tax-filing preparation services for Rhode Islanders with income of $55,000 or less last year is available at 24 sites serving all...

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...
THE R.I. DIVISION OF TAXATION is now accepting and processing tax returns. Above, the beginning of a RI-1040 personal income tax return form. / COURTESY R.I. DEPARTMENT OF REVENUE

R.I. accepting and processing 2018 tax returns

PROVIDENCE – The R.I. Division of Taxation has officially begun accepting and processing both electronically-filed and paper-filed personal income tax returns as well as...
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 RATIO OF federal spend in Rhode Island and taxes paid to the federal government was 1.23, with Rhode Island receiving $2,228 per capita more than it paid in taxes in fiscal year 2017. / COURTESY ROCKEFELLER INSTITUTE OF GOVERNMENT

Report: R.I. had more federal cash influx than federal tax payments...

PROVIDENCE – Rhode Island received 1.23 times more in federal dollars than its residents and businesses paid in federal taxes in fiscal year 2017,...

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...
JOHN C. SIMMONS, executive director of the Rhode Island Public Expenditures Council, released the 2018 edition of the nonprofit's series on how public revenue collections in the Ocean State compare with the rest of the nation. / PBN FILE PHOTO/RUPERT WHITELEY

RIPEC: R.I. seventh-highest in U.S. for tax collections per $1K of...

PROVIDENCE – Rhode Island ranked No. 7 in the nation for highest state and local taxes collected per $1,000 of personal income at $109.47,...
THE IRS ISSUED guidance that companies can still deduct 50 percent of meals while entertaining clients and customers. Tax professionals had been unsure as to whether the deductions were still valid after the passage of the 2017 Tax Cuts and Jobs Act. / BLOOMBERG NEWS FILE PHOTO/GERALDINE HOPE GHELLI

You can still deduct a client’s meal on a night out,...

NEW YORK - The Internal Revenue Service is giving businesses a tax break they thought they had lost in the tax overhaul last year...
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