Important Information about Assessment Notices

This line includes total payments and/or credits, which may include various withholding payments, estimated payments, a payment made with return, a payment made with an extension, bill payments, refund offsets and credits.  This would also include tax paid gallons for IFTA returns less any refunds, offsets, or carryovers you may have received. This list is meant to provide examples of items considered to be payments, but it is not limited to the list above.

Interest has been added because your tax was not paid in full when due. 

Interest has been calculated on the unpaid tax for each month or part of the month the payment was late.   Interest accrues at twelve (12%) per annum (1% per month) for those taxes not considered "trust fund" taxes and accrues at eighteen percent (18%) per annum (1.5% per month) for “trust fund” taxes.  For more information regarding interest rates for delinquent payments, please refer to Advisory 2022-25.

A taxpayer is required to file a declaration of Estimated Tax if the amount of Rhode Island tax for the year can reasonably be expected to be more than stated by law for the tax year in excess of the amount withheld or credited against the tax. 

The Estimated Tax Declaration is made on forms found on the Forms page, which contains instructions for computing the estimated tax and making payments of the amount due.

This penalty has been added because your return was not filed by the due date. 

The penalty is calculated on the estimated tax for each month or part of the month the return was late at the rate established by law.

This penalty has been added because your return was not filed by the due date.  

The penalty is calculated on the unpaid tax for each month or part of the month the return was late at the rate established by law.

This penalty has been added because your tax was not paid in full when due. 

The penalty is calculated on the unpaid tax for each month or part of the month the payment was late at a rate established by law.

If you have any additional questions about this notice, please call the number on the top of the front page of your assessment notice. 

You may also visit the Rhode Island Division of Taxation website at www.tax.ri.gov for forms, instructions, and other information, including Taxpayer Bill of Rights, Power of Attorney (Rl-2848), rulings and regulations.