rhode island tax news - Rhode Island Division of Taxation - RI.gov

A NEWSLETTER FOR TAXPAYERS AND PRACTITIONERSPAGE 5TAX DIVISION MAILS FORM 1099-G, 1099-INThe Rhode Island Divisionof Taxation in TJanuary finished mailing theForm 1099-G and the Form1099-INT. The forms arehelpful to taxpayers – andtax professionals – as theyprepare returns this season.Form 1099-GIn general, the Form 1099-G shows how much of aRhode Island income taxrefund a taxpayer received in2011. The amount is shownin the form’s Box 2, “State orLocal Income Tax Refunds,Credits, or Offsets.” Altogether,the Tax Divisionended up sending out187,805 Forms 1099-G. (Partof a standard Form 1099-G isreproduced below.)Form 1099-INTAlso in January, the TaxDivision finished mailing theForm 1099-INT. It showshow much interest a taxpayerreceived in 2011 ontheir Rhode Island incometaxrefunds. Overall, theagency ended up sendingout 4,157 Forms 1099-INT.If you received either orboth forms in the mail,keep in mind that neither isa bill. They’re simply documentsto use in preparingyour returns. See Tax DivisionFAQs for more details.Tax TipCheck out the RhodeIsland Division of Taxation’swebsite to learnmore about two offersfor preparing and filingyour federal and statetax returns online at nocharge.ESTIMATED TAX COUPONS SET FOR MAILING FOR 2012The Tax Division has finalizedthe form many taxpayersuse to make quarterly estimatedpayments of personalincome tax.Thus, in early 2012, theagency plans to mail about40,000 copies of the 2012Form RI-1040ES, “RhodeIsland Resident and NonresidentEstimated Payment Coupons.”Taxpayers use the couponsto make quarterly estimatedpayments, and the couponsserve as a handy reminder.A helpful toolWhat’s more, each couponpacket also has a table onwhich you can keep a recordof your payments. That canbe a helpful tool when itcomes time to filing yourannual income tax return.After all, it may not be easy inApril to recall with precisionthe payments you madenearly a year before.Download copyIf you haven’t received yourcopy of the coupons yet, anddon’t want to wait, you maydownload a copy from theTax Division website.