Roughly 90,000 taxpayers in Rhode Island have a significant tax relief opportunity available to them. That’s the estimated number of taxpayers who owe the state taxes, and Rhode Island is offering a tax amnesty period to assist taxpayers with becoming compliant.
Topics: Tarra Curran, Tax amnesty program, Rhode Island, Overdue taxes
Tax amnesty programs provide significant benefits for businesses and individuals, particularly if they had previously unknown state and local tax liabilities. Uncollected taxes are subject to fines and other late payment penalties. They also accrue interest, so if unpaid taxes go back several years, it could be a significant cost. Taxpayers with overdue Rhode Island tax obligations may be able to get a reprieve on what they owe.
Topics: Tarra Curran, Tax amnesty program, Rhode Island, Overdue taxes