Tuesday, August 21, 2018

NCDOR Publishes Notices About IRS Changes

Raleigh, NC
Aug 21, 2018

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.

Read the notice about IRC Section 965 Repatriation Guidance.

Read the notice about the impacts on 2017 and 2018 corporate and individual tax returns.

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