Recently, the Secretary of Revenue announced an automatic waiver of penalties associated with the failure to file Form NC-3 and the required W-2 and 1099 statements electronically for tax year 2019.SALT - State And Local Tax

On August 5, 2019 the NC Department of Revenue issued a notice related to changes to filing requirements for Forms NC-3 and 1099-MISC applicable to tax year 2019.  The notice addresses the automatic waiver of the penalty for failing to file Form NC-3 along with the required W-2 and 1099 statements in an electronic format as well as an administrative change to not require taxpayers to file federal Forms 1099-MISC, in paper or electronic form, with the North Carolina Department of Revenue if the forms do not report North Carolina income tax withholdings.

The full notice can be found on the NC Department website by clicking here.

If you have any questions about these changes, contact the professional at Gilliam Bell Moser LLP