Tips for Preparing Business Personal Property Tax Listings
Click above for some tips on preparing a complete and accurate business personal property tax listing for the county in North Carolina in which the property is located.
Update on North Carolina Pass-Through Entity Tax and 2022 Estimated Tax Payments
For tax years beginning after 2021, partnerships and S Corporations can make a Pass-Through Entity Tax (Taxed PTE) Election to pay North Carolina income tax at the entity level creating a deduction against pass-through federal income. Click above to find out more.
North Carolina Legislative Update
On November 8, 2019, North Carolina Governor Roy Cooper signed legislation adopting market-based sourcing for corporate income tax apportionment purposes and requiring marketplace facilitators to collect and remit sales and use tax.
NCDOR Publishes Notice Related to Filing of Forms NC-3 & 1099-MISC
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.
North Carolina Makes Numerous Technical, Clarifying, and Administrative Sales and Use Tax Changes
On July 26, 2019, North Carolina Governor Roy Cooper signed legislation making various technical, clarifying, and administrative changes to sales and use tax laws. Click here for a summary of these recent changes.