November 3, 2015
ADVISORY: ADV 2015-20
Division of Taxation launches self-audit program
Applicants who pay what they owe in use tax may qualify for penalty waiver, interest reduction
PROVIDENCE, R.I. – The Rhode Island Division of Taxation today launched a self-audit program. For those whose applications are approved, who complete their self-audit in accordance with program guidelines, and who pay the tax due, the Division of Taxation will waive penalties and forgive a portion of the interest that would otherwise be due.
“This is a great opportunity for taxpayers, especially businesses, to clear their books of a tax liability and get a significant break in the form of a penalty waiver and interest forgiveness,” said Rhode Island Tax Administrator David M. Sullivan.
The program was proposed by Rhode Island Governor Gina M. Raimondo, approved by the General Assembly, and enacted on June 30, 2015, as part of the budget bill for the 2016 fiscal year. Under the program:
For more information, see the new self-audit section of the Tax Division’s website, which includes the program application form, a program poster, and FAQs: http://go.usa.gov/3JexQ.
Information is also available by calling the Division of Taxation’s Field Audit section at (401) 574- 8962 from 8:30 a.m. to 3:30 p.m. business days.
Chief Revenue Agent
Rhode Island Division of Taxation
STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS