Category Archives: Rhode Island

Signed, Mickey Mouse

Posted on July 31, 2020 by Russ

The General Treasurer of Rhode Island is Seth Magaziner. When the state pays its bills, his signature (along with that of State Controller Peter Keenan) appears on the checks that are issued. Imagine the surprise when some business owners received … Continue reading →

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Out With the Fed Mandate; In With State Mandates

Posted on November 13, 2019 by Russ

Once upon a time there was the federal mandate to have health insurance; per the US Supreme Court, a “tax.” Well, beginning with 2019 tax returns (filed in 2020) the federal mandate is no more. Unfortunately, tax professionals and taxpayers … Continue reading →

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No Man Is an Island

Posted on March 11, 2019 by Russ

On Saturday a superb editorial appeared in the Providence Journal, “When Taxpayers Flee a State.” Here’s an excerpt: Despite its name, Rhode Island is not an island unto itself. People are free to come and go, including business executives who … Continue reading →

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Rhode Island Is Now a Bad State for Gamblers

Posted on August 8, 2013 by Russ

Little Rhody, Rhode Island, changed its tax structure for 2012. Rhode Island eliminated itemized deductions (but did increase the standard deduction). Thus, an amateur gambler with $50,000 of gambling winnings and $30,000 of gambling losses will owe tax on his … Continue reading →

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Well, He Probably Wouldn’t Have Won Reelection

Posted on September 16, 2012 by Russ

John McCauley, Jr. is the Deputy Speaker of the Rhode Island House. He’s not running for reelection. Given that he will be pleading guilty to one count of tax fraud and one count of conspiracy, that’s likely a good decision. … Continue reading →

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Today Is the Day to Prepare (Hurricane Irene)

Posted on August 25, 2011 by Russ

If you are a resident of New Jersey, New York City/Westchester County/Long Island, Connecticut, Rhode Island, or Massachusetts, you need to drop what you’re doing and get prepared for Hurricane Irene. Now. Maybe we’ll get lucky and Hurricane Irene will … Continue reading →

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Rhode Island is the 18th

Posted on July 8, 2008 by Russ

Rhode Island has joined 17 other states including California to mandate that state tax returns prepared by professionals be electronically filed. The mandate goes into effect in January. Under Rhode Island’s new law individual taxpayers can opt-out of e-filing. Additionally, … Continue reading →

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