[Ritaxpronews] Rhode Island Division of Taxation -- recent developments

[Downing, Neil (DOR)]

Pass-through entities

The Rhode Island Division of Taxation has posted answers to common questions about the entity-level tax which pass-through entities can elect to pay. To view or download, click here<http://www.tax.ri.gov/notice/PUB_2019_04_entity_level_tax_12_24_19_final.pdf>.

Withholding tables available

The Division has posted the new booklet of income tax withholding tables (used by employers and others to calculate how much to withhold from an employee's pay in 2020 for Rhode Island personal income tax purposes). Click here<http://www.tax.ri.gov/forms/2020/Withholding/2020%20Withhholding%20Tax%20Booklet.pdf> to view.

Proposed regulations

The Division has proposed amendments to a regulation involving employers' withholding (280-RICR-20-55-10) and another regulation involving electronic funds transfer (280-RICR-20-30-1). The Division would amend both regulations to reflect changes in Rhode Island law that were enacted in July 2019. The 30-day public comment period expires on January 16, 2020. For details about the proposal involving employer withholding, click here<https://rules.sos.ri.gov/regulations/part/280-20-55-10>. For details about the proposal involving electronic funds transfer, click here<https://rules.sos.ri.gov/regulations/part/280-20-30-1>.

Withholding certificate posted (W-4)

The Division has posted the new version of Form RI W-4, "Employee's Withholding Allowance Certificate" (to be used by an employee to adjust the amount of Rhode Island personal income tax withheld from the employee's paycheck). Click here<http://www.tax.ri.gov/forms/2020/Withholding/RI%20W-4%202020.pdf> to view.

Withholding calendar posted

The Division has posted the 2020 withholding tax payment calendar (which shows payment deadlines for various payment frequencies). Click here<http://www.tax.ri.gov/forms/2020/Withholding/Payment%20Calendar%202020%20v4.pdf> to view.

FAQs on property-tax relief (Form RI-1040H)

The Division has updated its publication involving the statewide property-tax relief program (Form RI-1040H). To view or download, click here<http://www.tax.ri.gov/notice/Pub._2019_03_1040H_QA_12_19_19.pdf>.

Reminder about mandate

All Rhode Islanders must have qualifying health coverage beginning January 1, 2020. Failure to have such "minimum essential coverage" in 2020 may result in a Rhode Island personal income tax penalty in 2021. So now is the time to plan ahead. To learn more, click here<https://urldefense.proofpoint.com/v2/url?u=http-3A__rhodeislandtax.blogspot.com_2019_12_reminder-2Dhealth-2Dcoverage-2Dmandate-2Dstarts.html&d=DwIFAg&c=tSLbvWYfvulPN3G_n48TUw&r=3N0CXa2u4V7_DU38-YjSBY2i0S2qGG60dynqKUqOstM&m=QZp2Fija919UVzh1B-m806BEK8Qe9ljGSwpeIxd6yFI&s=_buOniAPm7Izwkj4IYO6MxB_2thmnzmjxmzXh4jKK8s&e= >.


Neil Downing
Chief Revenue Agent
Rhode Island Division of Taxation
(401) 574-8115  Neil.Downing at tax.ri.gov<mailto:Neil.Downing at tax.ri.gov>

NEW: Health Insurance is required in Rhode Island as of January 1, 2020-or else you may be assessed a penalty on your personal income tax return in 2021.  Learn more<https://urldefense.proofpoint.com/v2/url?u=https-3A__healthsourceri.com_mandate_&d=DwIFAg&c=tSLbvWYfvulPN3G_n48TUw&r=3N0CXa2u4V7_DU38-YjSBY2i0S2qGG60dynqKUqOstM&m=QZp2Fija919UVzh1B-m806BEK8Qe9ljGSwpeIxd6yFI&s=uAYsSCbmGtqmICMpsr-M8vjr6T_JEfzrmebkVmzmAS0&e= >

Rhode Island Department of Revenue
Division of Taxation
One Capitol Hill
Providence, Rhode Island 02908


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