Printable Form 8823 Rhode Island 2023-2025

Printable Form 8823 Rhode Island: What You Should Know

The Rehousing Corporation staff will give you a series of in-person and online training sessions designed to help you prepare to file Form 8823. At the end of each session, you will get a letter confirming that you've completed the training and will get a form 8823 that you can send to the IRS. The training session will be taught by an IRS employee or trainer. The training sessions will be held in the office of a Rehousing representative at the time that the training is offered. Reforming the RI Business Subsidy Program The RI business subsidy program has been plagued with scandal. Many of the subsidies have been awarded to those who are not local residents and are often granted without any competition, and have led to the growth of predatory lending. The following are some of the reforms that could help RI grow businesses, improve the overall economy, and make Rhode Island more competitive: Provide greater transparency to the RI Department of Business Regulation on how the Department of Revenue determines whether subsidies have been awarded to non-residents. Establish a minimum requirement for property owners to reside on the property they are entitled to receive a subsidy from the RI Department of Business Regulation. Implement a business eligibility screening system that requires applicants to prove a business's financial viability in order to receive a business subsidy. This screen would be run by RI Realty, which has been approved by Governor Raymond. Re-evaluate the number of applications and funds for subsidy programs, to ensure that only grants are awarded, based on eligibility to operate a business in RI. Redirect business development funds to help Rhode Islanders create jobs and grow small business. Increase the business assistance funding that may be available through the RI Department of Business Regulation, by increasing the maximum amount that may be received for a business development grant and making the grant eligibility requirement more likely to be met. This would also address the concerns about the current low compliance rate of the state's business subsidy program.

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