Frequently Asked Questions and Important Notices Frequently Asked Questions (FAQ's): Read Frequently Asked Questions about N.C. Franchise, Corporate Income and Insurance Tax Important Notices: Important Notice Regarding North Carolina's Recently Enacted Pass-Through Entity Tax April 14, 2022 (Updated November 15, 2022) Important Notice: Impact of Session Law 2022-6 on North Carolina Individual and Corporate Tax Returns March 18, 2022 Important Notice: Impact of Session Law 2021-180 on North Carolina Individual and Corporate Income Tax Returns December 10, 2021 Important Notice: Expanded List of Counties Eligible for Tax Relief - Tropical Storm Fred October 7, 2021 Important Notice: Tax Relief for Victims of Tropical Storm Fred September 21, 2021 Important Notice: Corporate Tax - Secretary Announces That New Statute Abrogated Prior Final Agency Decision December 31, 2020 Important Notice: North Carolina Announces Voluntary Corporate Transfer Pricing Resolution Initiative Frequently Asked Questions - Transfer Pricing Resolution Initiative July 30, 2020 August 24, 2020 Important Notice: North Carolina's Reference to the Internal Revenue Code Updated - Impact on North Carolina Corporate and Individual Income Tax Returns July 20, 2020 Important Notice: Waiver of Interest and Other Economic Support to North Carolina Taxpayers in Response to the Coronavirus Disease 2019 (COVID-2019) May 6, 2020 Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19) March 31, 2020 Important Notice: Department of Revenue Extends the Time to File Income and Franchise Tax Returns to July 15, 2020 March 23, 2020 Important Notice: Department of Revenue Provides Special Penalty Relief March 19, 2020 Important Notice: Department of Revenue Provides Penalty Relief to Persons Affected by Novel Coronavirus Disease March 17, 2020 Important Notice: Changes in Requirements for Applying for a North Carolina Extension February 24, 2020 Important Notice: Impact of Market Based Sourcing on Private Letter Rulings Issued Prior to January 1, 2020 January 31, 2020 Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax ReliefImportant Notice: Expanded List of Counties Eligible for Hurricane Florence Tax Relief October 31, 2018 Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax Relief October 16, 2018 Important Notice: List of Counties Eligible for Hurricane Florence Tax Relief Revised to Add Additional Counties October 1, 2018 Important Notice: Tax Relief for Victims of Hurricane Florence September 17, 2018 Important Notice: Tax Credits Involving Partnerships September 10, 2018 Important Notice: North Carolina’s Reference to the Internal Revenue Code Updated – Impact on 2017 and 2018 North Carolina Corporate and Individual Tax Returns August 21, 2018 Important Notice: IRC Section 965 Repatriation Guidance August 21, 2018 Important Notice: Tax Relief for Victims of April 15, 2018 Tornadoes April 19, 2018 Important Notice: Impact of the Tax Cuts and Jobs Act and the Bipartisan Budget Act of 2018 on North Carolina's Corporate and Individual Income Tax Returns February 16, 2018 Important Notice: Form NC-1099NRS January 29, 2018 Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add An Additional County November 29, 2016 Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add One Additional County November 21, 2016 Important Notice: Updated List of Counties Eligible for Hurricane Matthew Tax Relief November 10, 2016 Important Notice: Expanded List of Counties Eligible for Hurricane Matthew Tax Relief November 3, 2016 Important Notice: More Counties Eligible for Hurricane Matthew Tax Relief October 19, 2016 Important Notice: Additional Counties Eligible for Hurricane Matthew Tax Relief October 14, 2016 Important Notice: Tax Relief for Victims of Hurricane Matthew October 13, 2016 Important Notice: DOR Publishes Rules Regarding Market-Based Sourcing in the NC Register and Announces Public Hearing Date - MBS Rules with Examples - Notice of Text 17 NCAC 05G October 3, 2016 Important Notice: DOR to Adopt Rules Regarding Market-Based Sourcing August 4, 2016 Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2015-2016 exceeded the targeted amount of $20,975,000,000. The corporate tax rate for years beginning on or after January 1, 2017 will be reduced by 1% August 4, 2016 Important Notice: Taxpayers May Contest the Department's Determination That an Amended Return or Claim for Refund Was Not Filed Within the Statute of Limitations July 13, 2016 North Carolina's Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual Income Tax Returns June 3, 2016 Important Notice: Limited-Time Extension of the Statute of Limitations With Respect to Refunds of Corporate and Individual Income Tax Paid June 3, 2016 Important Notice: Impact of the Federal Protecting Americans From Tax Hikes Act of 2015 on North Carolina's Corporate and Individual Income Tax Returns for Tax Year 2015 April 13, 2016 Important Notice: Effect of Emancipation Day and Patriot’s Day on North Carolina Tax Returns and Tax Payments Due on April 15, 2016 March 21, 2016 Introduction and Summary-Guidelines for Market-Based Sourcing January 29, 2016 Guidelines for Computing the Sales Factor Based on Market-Based Sourcing January 29, 2016 Important Notice Regarding The Delayed Sunset Date For Renewable Energy Projects That Are Substantially Completed On Or Before January 1, 2016 September 29, 2015 Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2014-2015 exceeded the targeted amount of $20,200,000,000. The corporate tax rate for years beginning on or after January 1, 2016 will be reduced by 1% August 6, 2015 North Carolina's Reference to the Internal Revenue Code Updated-Impact on 2014 North Carolina Corporate and Individual Income Tax Returns April 1, 2015 Important Notice Regarding Effect Of Tax Increase Prevention Act of 2014 January 15, 2015 (Updated by Important Notice dated April 1, 2015) Important Notice: Income Tax Adjustments for Code Section 179 Expenses June 20, 2014 Important Notice: Sunset for Tax Credits – Effect on Future Installments and Carryforwards September 18, 2013 NEL Guidance August 17, 2012 Offer in Compromise Change Helps Taxpayers July 9, 2012 Important Notice: Franchise Tax Law Change Regarding Treatment of Accumulated Amortization August 2011 Important Notice Regarding Piped Natural Gas Excise Tax Phase-Out for Manufacturers and Farmers September 2007 (obsolete)
Frequently Asked Questions and Important Notices Frequently Asked Questions (FAQ's): Read Frequently Asked Questions about N.C. Franchise, Corporate Income and Insurance Tax Important Notices: Important Notice Regarding North Carolina's Recently Enacted Pass-Through Entity Tax April 14, 2022 (Updated November 15, 2022) Important Notice: Impact of Session Law 2022-6 on North Carolina Individual and Corporate Tax Returns March 18, 2022 Important Notice: Impact of Session Law 2021-180 on North Carolina Individual and Corporate Income Tax Returns December 10, 2021 Important Notice: Expanded List of Counties Eligible for Tax Relief - Tropical Storm Fred October 7, 2021 Important Notice: Tax Relief for Victims of Tropical Storm Fred September 21, 2021 Important Notice: Corporate Tax - Secretary Announces That New Statute Abrogated Prior Final Agency Decision December 31, 2020 Important Notice: North Carolina Announces Voluntary Corporate Transfer Pricing Resolution Initiative Frequently Asked Questions - Transfer Pricing Resolution Initiative July 30, 2020 August 24, 2020 Important Notice: North Carolina's Reference to the Internal Revenue Code Updated - Impact on North Carolina Corporate and Individual Income Tax Returns July 20, 2020 Important Notice: Waiver of Interest and Other Economic Support to North Carolina Taxpayers in Response to the Coronavirus Disease 2019 (COVID-2019) May 6, 2020 Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19) March 31, 2020 Important Notice: Department of Revenue Extends the Time to File Income and Franchise Tax Returns to July 15, 2020 March 23, 2020 Important Notice: Department of Revenue Provides Special Penalty Relief March 19, 2020 Important Notice: Department of Revenue Provides Penalty Relief to Persons Affected by Novel Coronavirus Disease March 17, 2020 Important Notice: Changes in Requirements for Applying for a North Carolina Extension February 24, 2020 Important Notice: Impact of Market Based Sourcing on Private Letter Rulings Issued Prior to January 1, 2020 January 31, 2020 Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax ReliefImportant Notice: Expanded List of Counties Eligible for Hurricane Florence Tax Relief October 31, 2018 Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax Relief October 16, 2018 Important Notice: List of Counties Eligible for Hurricane Florence Tax Relief Revised to Add Additional Counties October 1, 2018 Important Notice: Tax Relief for Victims of Hurricane Florence September 17, 2018 Important Notice: Tax Credits Involving Partnerships September 10, 2018 Important Notice: North Carolina’s Reference to the Internal Revenue Code Updated – Impact on 2017 and 2018 North Carolina Corporate and Individual Tax Returns August 21, 2018 Important Notice: IRC Section 965 Repatriation Guidance August 21, 2018 Important Notice: Tax Relief for Victims of April 15, 2018 Tornadoes April 19, 2018 Important Notice: Impact of the Tax Cuts and Jobs Act and the Bipartisan Budget Act of 2018 on North Carolina's Corporate and Individual Income Tax Returns February 16, 2018 Important Notice: Form NC-1099NRS January 29, 2018 Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add An Additional County November 29, 2016 Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add One Additional County November 21, 2016 Important Notice: Updated List of Counties Eligible for Hurricane Matthew Tax Relief November 10, 2016 Important Notice: Expanded List of Counties Eligible for Hurricane Matthew Tax Relief November 3, 2016 Important Notice: More Counties Eligible for Hurricane Matthew Tax Relief October 19, 2016 Important Notice: Additional Counties Eligible for Hurricane Matthew Tax Relief October 14, 2016 Important Notice: Tax Relief for Victims of Hurricane Matthew October 13, 2016 Important Notice: DOR Publishes Rules Regarding Market-Based Sourcing in the NC Register and Announces Public Hearing Date - MBS Rules with Examples - Notice of Text 17 NCAC 05G October 3, 2016 Important Notice: DOR to Adopt Rules Regarding Market-Based Sourcing August 4, 2016 Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2015-2016 exceeded the targeted amount of $20,975,000,000. The corporate tax rate for years beginning on or after January 1, 2017 will be reduced by 1% August 4, 2016 Important Notice: Taxpayers May Contest the Department's Determination That an Amended Return or Claim for Refund Was Not Filed Within the Statute of Limitations July 13, 2016 North Carolina's Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual Income Tax Returns June 3, 2016 Important Notice: Limited-Time Extension of the Statute of Limitations With Respect to Refunds of Corporate and Individual Income Tax Paid June 3, 2016 Important Notice: Impact of the Federal Protecting Americans From Tax Hikes Act of 2015 on North Carolina's Corporate and Individual Income Tax Returns for Tax Year 2015 April 13, 2016 Important Notice: Effect of Emancipation Day and Patriot’s Day on North Carolina Tax Returns and Tax Payments Due on April 15, 2016 March 21, 2016 Introduction and Summary-Guidelines for Market-Based Sourcing January 29, 2016 Guidelines for Computing the Sales Factor Based on Market-Based Sourcing January 29, 2016 Important Notice Regarding The Delayed Sunset Date For Renewable Energy Projects That Are Substantially Completed On Or Before January 1, 2016 September 29, 2015 Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2014-2015 exceeded the targeted amount of $20,200,000,000. The corporate tax rate for years beginning on or after January 1, 2016 will be reduced by 1% August 6, 2015 North Carolina's Reference to the Internal Revenue Code Updated-Impact on 2014 North Carolina Corporate and Individual Income Tax Returns April 1, 2015 Important Notice Regarding Effect Of Tax Increase Prevention Act of 2014 January 15, 2015 (Updated by Important Notice dated April 1, 2015) Important Notice: Income Tax Adjustments for Code Section 179 Expenses June 20, 2014 Important Notice: Sunset for Tax Credits – Effect on Future Installments and Carryforwards September 18, 2013 NEL Guidance August 17, 2012 Offer in Compromise Change Helps Taxpayers July 9, 2012 Important Notice: Franchise Tax Law Change Regarding Treatment of Accumulated Amortization August 2011 Important Notice Regarding Piped Natural Gas Excise Tax Phase-Out for Manufacturers and Farmers September 2007 (obsolete)
