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 N.C. Department of Revenue has published a notice on tax credits involving partnerships.
The N.C. Department of Revenue has published a notice about the the expansion of the qualifying farmer and conditional farmer sales tax exemption. The exemption is retroactive to July 1, 2014.
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.
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.
Effective Oct. 1, 2018, the local rate of sales and use tax in Clay, Gaston, Jones, Lincoln, Pasquotank, Rockingham, and Rutherford counties is 2.25 percent.
The North Carolina Department of Revenue is accepting public comment on G.S. 150B-21.3A Report for 17 NCAC, Chapter 04, License and Excise Tax Division.
The NCDOR recently published four new sales and use tax directives to communicate changes of the interpretation in the taxability of the following: