1099 Risk BlogTag: consultants
July, 9 2008 by
Technologies Reconcile State & Federal Tax ReturnsToday's news feed reveals that the state of Rhode Island is getting serious about recouping its tax gap -- that difference between the taxes collected and the taxes owed. New technology and the innovation available through a public-private partnership are enabling Rhode Island to feed IRS federal tax data into a data warehouse along with state tax return records, and then mine that data to look for discrepancies. RI expects to recover around $10 million in uncollected taxes, targeted at independent consultants, contractors, and small businesses.
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rhode island, RI, IRS, taxes, tax gap, contractors, consultants, 1099, small business, technology
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