ncacpa-govt-advocacyNo one does more to advance and safeguard your profession in North Carolina.

NCACPA strives to represent the profession’s interests in vital areas of public policy formation, standard-setting, and rule-making that would have impact on members, the profession as a whole, and the North Carolina business climate. Also, the association identifies and supports the campaigns of those legislators and candidates who understand the profession through our NC CPA Political Action Committee (PAC).

Just in: TCJA/Bipartisan Budget Act Guidance From NCDOR

The Department of Revenue has just provided the Association an important notice to address the income tax changes in the Tax Cuts and Jobs Act passed by President Trump on December 22, 2017, and the Bipartisan Budget Act of 2018 signed into law on February 9, 2018. The Department’s notice provides guidance to both individual and […]

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Notification of Error on 2017 DOR Form 1099-INTs

The Association heard from a representative at the Department of Revenue that an error has been discovered on 2017 Form 1099-INTs mailed the week of January 22, 2018. In the Recipient’s Identifying Number box, the oldest tax year in which interest was paid during the year is printed to the left of the identifying number […]

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North Carolina Individual Income Tax Season Opens Today

RALEIGH – The North Carolina Department of Revenue (NCDOR) officially opened the 2018 tax filing season and began accepting and processing individual income tax returns on Monday, Jan. 29. The Internal Revenue Service opened the federal tax filing season on the same day. NCDOR is making available free online filing (eFile) for qualifying taxpayers with […]

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PTIN Expiration Notices

With filing season beginning next week, the IRS will begin sending PTIN expiration notices tomorrow. It will finish sending them by the end of the week to about 154,000 PTIN holders. This document explains to the recipient of the notice that they can still renew their PTIN at any time, but until they do, their […]

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2018 State Business Tax Filing Season Opens

Raleigh, NC — The North Carolina Department of Revenue (NCDOR) officially opened the 2018 business income tax filing season and began accepting Corporate Income and Franchise, and Partnership tax returns Monday, Jan. 22. The Internal Revenue Service (IRS) began accepting business income returns Jan. 8. Taxpayers who filed before Jan. 22 will now begin receiving acknowledgements […]

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NCDOR Now Accepting Online 2017 NC-3 and Withholding Statements

RALEIGH – The North Carolina Department of Revenue announced today that is now accepting electronic 2017 Form NC-3, Annual Withholding Reconciliations and withholding statements on the NCDOR.gov website. By law, every employer must file electronically an annual withholding reconciliation and the department’s copies of W2s, 1099s, and other withholding statements with the Department of Revenue […]

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Updated 2018 Withholding Tables Now Available

WASHINGTON — The Internal Revenue Service released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the new […]

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National Taxpayer Advocate Discusses Tax Act Implementation and Unveils “Purple Book”

*From the IRS Newswire* WASHINGTON — National Taxpayer Advocate Nina E. Olson today released her 2017 Annual Report to Congress, describing challenges the IRS will face as it implements the recently enacted tax reform legislation and unveiling a new publication, “The Purple Book,” that presents 50 legislative recommendations intended to strengthen taxpayer rights and improve […]

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Nonprofit Tax Alert: Changes to Tax Treatment for Qualified Transportation Fringe Benefits

This alert originally appeared on the Johnson Lambert LLP, blog. A follow-up alert on excess executive compensation will also be provided in the coming weeks. By John Huskins and Brittany King The recently passed Tax Cuts and Jobs Act (the “Act”) modifies the tax treatment of qualified transportation fringe benefits for all employers. However, Exempt […]

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IRS Message to Tax Professionals Regarding Procedure Changes

IRS Message to the Tax Professional Community: The IRS continues to review its procedures to better protect sensitive taxpayer data. As part of this effort, the IRS will request additional information from tax professionals who contact us through the Practitioner Priority Service or any toll-free IRS telephone number. This procedural change will require tax practitioners […]

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