Tuesday, September 28, 2021

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Despite extension, state income tax returns on par with prior year

PROVIDENCE – While state personal income tax returns aren’t due for another three months, the number of current and former residents who have already...

R.I. extends tax filing deadlines to July 15 due to COVID-19...

PROVIDENCE – No penalties or interest will apply to individuals and certain business entities who file tax returns and pay balances due on or...

Legislators eyeing short-term borrowing to cover delayed revenues

PROVIDENCE – The closure of restaurants, bars, hotels, casinos and other businesses amid the coronavirus pandemic will result in less sales tax and income...

Warwick mayor signs executive order to extend tax, utility filing deadlines

WARWICK – Mayor Joseph J. Solomon has signed an executive order to extend city tax and utility payment deadlines due to the COVID-19 pandemic,...

Newport announces series of financial relief programs

NEWPORT – A new series of financial relief measures have been put in place to help ease the potential economic impact of the COVID-19...

Rhode Island CPAs advocate for tax filing extension

PROVIDENCE – As concerns over the new coronavirus grow, filing taxes is the last thing on most people’s minds. Except for tax preparers, that is,...
THE FEDERAL GOVERNMENT will allow businesses and individuals to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline. / AP FILE PHOTO/EVAN VUCCI

Administration announces 90-day delay for many tax payments

WASHINGTON (AP) – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past...
CASH COLLECTIONS in December totaled $347 million.

R.I. cash collections dip 4.9% in Dec.

PROVIDENCE – State cash collections in December totaled $347 million, a 4.9% decline year over year, the R.I. Department of Revenue said on Monday. The...
TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI

Deductions, depreciation are adding up for some small-business owners

Small-business owners in Rhode Island are taking advantage of tax credits and cuts first made available in 2018 but which are becoming more commonly...
HOUSE DEMOCRATS are seeking to raise the SALT cap to $20,000 for married couples in 2019, before repealing it fully in 2020 and 2021 via legislation. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Democrats take final swipe at SALT cap before year’s end

WASHINGTON – House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But...

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