TAX DEBT RELIEF OPTIONS – Rhode Island Department of REvenue

M&M Financial has been successfully resolving back tax liabilities for small businesses and individuals nationwide since 2005.  We deal with the IRS and State taxing authorities, so you do not have to!  

If you or your business owes the Rhode Island Division of Taxation back-taxes we recommend first visiting the Rhode Island Taxpayer’s Rights web page.

Below is some information that will help you start resolving your state tax liabilities.If you have questions and would like to talk to a licensed Tax Resolution Specialist please do not hesitate to call us at 866-487-5624.

PAYMENT PLANS TO RESOLVE RHODE ISLAND BACK TAXES

The Rhode Island Division of Taxation (RI-DOT) does not provide a ton of monthly Installment Agreement options.  In most cases, the RI-DOT will require a 50% down payment and then the balance must be paid in full within 12 months.  

You may be able to get longer than 12 months, if you have extreme circumstances preventing you from making larger payments.  But, you will have to complete business and/or personal financial statement forms to be considered for extended terms.  Here are the required forms that you will need to set up your Rhode Island DOR Installment Agreement.  

• Form RI - 433-A, Personal Collection Information Statement
• Form RI - 433-B, Business Collection Information Statement

REDUCE YOUR RI-DOR TAX DEBT

Offer in Compromise

You are in luck!  The Rhode Island Division of Taxation does have an Offer in Compromise program available to settle your tax liability for a less than the total amount owed.  If you lack equity in assets and lack the ability to make monthly payments, you may qualify for the OIC.  

The RI-DOT does not accept every Offer thrown their way.  Each OIC is reviewed thoroughly and considered based on its own merits.

If your Offer is accepted, you will have to pay your entire approved Offer Settlement Amount within 30 days from the date of acceptance.  We do not recommend the Offer in Compromise for most operating businesses.

TAX RESOLUTION CASE EXAMPLES

The Rhode Island Department of Revenue has some flexibility when it comes to back tax liabilities.  Each case varies based on factors such as your compliance history, type of tax owed and total amount past due.  Here are some case examples in your state negotiated by M&M.



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