The Rhode Island Division of Taxation Feb. 6 amended a regulation on filing tax returns electronically and paying taxes by electronic funds transfer for corporate income, individual income, sales and use, and trust income tax purposes. The rules include measures: 1) updating the definitions of “automated clearing house,” “effective date,” “electronic filing,” “electronic transmission,” and “larger business registrant;" 2) amending the electronic transmission mandate; 3) clarifying that beginning Jan. 1, 2023, any larger business registrant must submit tax payments electronically; 4) amending the provision regarding the penalty for non-compliance; and 5) clarifying that an employer’s withholding of taxes is subject ...
To read the full article log in.
To learn more about a subscription click here.
The U.S. Department of Justice has filed a legal complaint in a federal court in the Southern District of Florida to shut down tax return preparers Cedric Reid and Juan Santana, along with their b...