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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...
U.S. HOUSE Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Tax Cut 2.0 bill unveiled by House GOP ahead of election...

NEW YORK - House Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent in a bid to highlight their...

IRS targets loopholes for $415B business owner tax break

NEW YORK - The Internal Revenue Service provided some long-awaited answers for business owners hoping to dodge the limits on a juicy new tax...
RHODE ISLAND CASH COLLECTIONS in May totaled $278 million, a 14.4 percent increase year over year.

R.I. cash collections total $278M in May, a 14.4% increase

PROVIDENCE – General revenue collections in Rhode Island totaled $278 million in May, a 14.4 percent increase year over year, according to a R.I....

New England state of mind

Which of the following do you like least about being located in southern New England? Regulations: 100% Taxes: 0% Cost of doing business: 0% Economic climate: 0%Of 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...
RHODE ISLAND has the seventh highest "tax burden" in the nation, a sum of a states property tax, individual income tax and total sales and excise tax, all as a share of total personal state income. / COURTESY WALLETHUB

WalletHub: R.I. has 7th-highest tax burden in U.S.

PROVIDENCE - Rhode Islanders scrambling to put together their taxes ahead of April 17 may already be feeling the burden of Rhode Island’s tax...

Feeling taxed

When does your company begin preparing its taxes? January: 75% February: 25% March: 0% April: 0%Is the time taken for your company to prepare taxes extensive? Yes: 50% No: 50%How...
RHODE ISLAND RANKED No. 27 for taxpayer return on investment. / COURTESY WALLETHUB

WalletHub ranks Rhode Island 27th in return on investment for taxes...

PROVIDENCE - Rhode Island was ranked No. 27 for best taxpayer return on investment in a WalletHub report Monday that ranked all 50 states in...
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