Rhode Island Tax Div. Issues Information on Sales and Use Tax Managed Audit Program

The Rhode Island Division of Taxation Aug. 1 issued information on the managed audit program for sales and use tax purposes. The information includes: 1) the determination of taxes owed for prior tax periods through this program; 2) benefits of completing managed audits in accordance with the program guidelines, which include a waiver of all penalties and up to two-thirds of the interest; 3) the application procedure for this program and the application form; and 4) frequently asked questions on the program. [R.I. Div. of Tax’n, Managed Audits, 08/01/21]

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