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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...
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...
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