Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...
Nov. 8 — The Rhode Island Division of Taxation has adopted the federal filing deadline for purposes of employer reporting of personal income tax withholding, joining at least 20 other states.
As a result, employers in the Ocean State will be required to file Form RI-W3 one month earlier than before, on Jan. 31 instead of Feb. 28, the division said in Rhode Island Advisory 2016-21, issued Nov. 3.The division said employers must also file the related Form W-2 information by Jan. 31 instead of Feb. 28.Bringing the Rhode Island filing date into line with a number of other states, including neighboring Connecticut and Massachusetts, is expected to serve as a convenience for many employers and also aid government agencies in fighting identity theft and fraud, the tax division said.
Under federal law, employers were required to issue W-2 forms to their employees by Jan. 31 for the preceding calendar year. They were then required to file with the federal government and the Rhode Island Division of Taxation information on tax withheld from employees by a later date. The federal Protecting Americans from Tax Hikes (PATH) Act, signed into law in December 2015, shifted federal employer W-2 form submission deadlines to Jan. 31. The change in the federal statute applies to returns and statements related to calendar years 2016 and beyond.Rhode Island has now adopted the accelerated filing date as well. The change in the Rhode Island deadline applies for 2016 and later tax years, according to the state tax division.
Twenty states plus the District of Columbia and Puerto Rico had adopted the Jan. 31 filing deadline as of July 2016, according to ADP LLC, a Roseland, N.J.-based global human resources and payroll outsourcing service provider.This figure is up significantly from tax year 2014 when just five states, plus DC and Puerto Rico had an employer Form W-2 filing deadline of Jan. 31, ADP said.ADP noted in a legislative update that in order to meet the earlier Form W-2 filing deadlines established by federal and state tax authorities, employers may need to adjust their internal procedures and schedules for year-end tax reporting. For example, the firm suggested, “most states require a reconciliation of the year’s income tax withholding deposits to accompany Form W-2 submissions. Such reconciliations occasionally identify the need for adjustment or amended returns,” ADP said noting that prior to the shift in deadlines, many of these activities took place in February.
To contact the reporter on this story: Martha Kessler in Boston at MKessler@bna.com
To contact the editor responsible for this story: Ryan C. Tuck at firstname.lastname@example.org
Text of Rhode Island Advisory 2016-21 is at http://src.bna.com/jXh.
Copyright © 2016 Tax Management Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)