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Guidance on Information Reporting

Ability for Buyers to file form 1099NRS electronically within 15 days of the closing date of the sale (New)

Pursuant to Title 17 North Carolina Administrative Code Chapter 6 Subchapter B Rule .3906, (17 NCAC 06B 3906), every individual, fiduciary, partnership, corporation, or unit of government buying real property located in North Carolina from a nonresident individual, partnership, estate, or trust must complete Form NC-1099NRS, Report of Sale of Real Property by Nonresidents, to report the following: (1) the seller's name, address, and social security number, or federal employer identification number; (2) the location of the property; (3) the date of closing; and (4) the gross sales price of the real property and its associated tangible personal property.

  • Manual Entry: Allows you to manually enter each 1099NRS in the eNC3 and Information Reporting Portal without creating a file.
  • Web File Upload: Click the link to access the file formats for tax years 2016 and 2017 and learn more about this option.
  • Departmental Notice – 1099NRS

Requirement for Payment Settlement Entity to file form 1099K electronically on or before March 31 (New)

G.S. 105-251.2(c), as enacted in S.L. 2017-204, requires payment settlement entities to submit to the Department duplicate copies of all information filed with the IRS pursuant to section 6050W of the Internal Revenue Code (i.e. Form 1099-K, “Merchant Card and Third Party Network Payments”). The term “payment settlement entity” has the same meaning as in section 6050W of the Internal Revenue Code. Pursuant to G.S. 105-251.2(d), the entity must submit the Form 1099-K information to the Secretary in an electronic format. There is no provision in North Carolina law that permits the Secretary to waive the electronic filing requirement.

Informational Reporting Application

Requirement for Alcohol Vendors and Licensing Board to file electronically on or before July 1

Part VII of Session Law 2015-259 includes changes to information reporting requirements which are designed to increase tax compliance and help the Department combat tax fraud. The changes require alcohol vendors and licensing boards to provide the North Carolina Department of Revenue (NCDOR) with information related to their permittee/licensee community.

File Layout & Instructions

Departmental Notices

 

Frequently Asked Questions (Updated 3/1/17)

Legislation

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