The North Carolina Department of Revenue (NCDOR) announced today state tax relief for certain victims of Hurricane Florence and its aftermath in conjunction with federal tax relief from the Internal Revenue Service (IRS).
The NCDOR has published a new web page containing guidance and resources for persons required to collect state sales tax on remote sales. The page includes the directive covering sales tax on remote sales, sales tax rates, and frequently asked questions.
The N.C. Department of Revenue has published a directive on when a mailed return or payment is considered "timely filed," or filed on time. The directive provides an explanation of what is sometimes referred to as the “mailbox rule” and includes examples.
The federal Tax Cuts and Jobs Act (Public Law 115-97) enacted in December 2017 and the Bipartisan Budget Act of 2018 (Public Law 115-123) enacted in February 2018 made changes to the Internal Revenue Code. As a result, the NCDOR has published two notices that clarify state laws with regard to the federal provisions and provide guidance on how the federal provisions affect state income tax returns.
The North Carolina Department of Revenue has published a directive about online sales taxes. The directive was issued following the recent U.S. Supreme Court decision in South Dakota v. Wayfair in which the court found that physical presence is not necessary to create a substantial nexus between a remote seller and a taxing state.
The NCDOR recently published four new sales and use tax directives to communicate changes of the interpretation in the taxability of the following:
SD 18-2, published May 21, addresses the application of sales and use tax concerning the effective date of a tax change applicable to billings for the lease or rental of tangible personal property or digital property provided and billed on a monthly or other periodic basis.