NCACPA to Host New Tax and Economics Conference in New Bern

Raleigh, NC—July 23, 2014—In the spring of 2014, NCACPA solidified plans to host a new conference focusing on taxes, businesses, and economic issues directly impacting the eastern portion of North Carolina. The conference titled “2014 Eastern NC Conference: Taxes & Economics,” will be held on Friday, August 22, 2014, from 8:00 am–4:35 pm, at New […]

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NCACPA to Host Free Financial Course for Military Families

Raleigh, NC—July 23, 2014—On August 2, 2014, North Carolina Association for CPAs (NCACPA) will be hosting “A Leadership Course in Financial Fitness” in Jacksonville, which provides current and veteran service men and women, along with their families, an array of resources for managing personal finances free of charge. The three-hour event will allow attendees to […]

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AICPA Sues IRS to Stop Return Preparer Program

The AICPA filed suit in district court on Tuesday, July 15, asking the court to stop the Internal Revenue Service’s Annual Filing Season Program for return preparers. The complaint alleges that the IRS’ implementation of the program violates the Administrative Procedure Act and amounts to an end run around the recent decision striking down the […]

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IRS: Avoid Summertime Tax Scams

IRS Tax Tips, July 11, 2014 Ah, summertime! Warm days, rest and recreation and…tax scams. Thieves don’t stop victimizing unsuspecting taxpayers with their scams after April 15. Identity theft, phone and phishing scams happen year-round. Those three top the IRS’s ‘Dirty Dozen’ list of tax scams this year. Here’s some important information you should know […]

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Phishing Scam Reported by NCACPA Members

Over the past few days, the Association was made aware of a phishing scam/spam email received by some members. The emails included “ncacpadocs” or “info” in the subject lines and appear to lead the recipient to Google Docs—there may be other subject lines that we aren’t aware of. After a related search online, there are […]

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IRS Unveils Voluntary Program for Tax Preparers that AICPA Views as Unlawful

After repeated requests to the Internal Revenue Service to either seek public comment on its proposed program to provide a certificate to unlicensed preparers or to consider alternatives, the AICPA told the IRS that the program “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public and lead to litigation.” […]

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AICPA Raises Strong Legal Concerns about IRS Voluntary Program Proposal

In the wake of Loving v. I.R.S., which prevents the Internal Revenue Service from implementing a mandatory preparer registration program for unenrolled tax preparers, the IRS is actively considering a “voluntary certification” program. After repeated requests to the IRS to either seek public comment on its proposed program or to consider alternatives, the AICPA sent […]

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Section 179 Expense Update

The Omnibus Tax Law Changes bill made significant revisions to NC’s Tax Code, which was recently passed in the General Assembly and subsequently signed by Governor McCrory, and includes the State Net Loss Deduction, Section 179 Expense, Service Contracts, Miscellaneous Sales Tax Changes, Property Tax Changes, and Privilege License Tax Changes. Part II of Session Law 2014-3 […]

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Bylaw Changes Approved by Board of Directors

At their June 19, 2014 meeting, NCACPA’s Board of Directors approved recommended revisions to the types of membership detailed in the Association’s bylaws. These edits were proposed following the State Board’s rule changes to the former “retired” status. To read more, please refer to the Definitions in Subchapter 08A.0300 on the State Board’s website. NCACPA’s […]

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NC Motor Fuels Tax Rates

On June 16, 2014, Department of Revenue Secretary Lyons Gray announced that the North Carolina motor fuels tax for gasoline, diesel, and alternative fuels will remain at 37.5 cents per gallon for the period from July 1, 2014 through December 31, 2014. The tax rate is computed using a flat rate of 17.5 cents per […]

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