Guidance on State Conformity on Tax Treatment of PPP Forgiveness & PPP Expense Deductibility
The AICPA provided the following recommendations for Administrative, Filing, & Payment Relief for State and Local Taxes during the Coronavirus...
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NCDOR Now Accepting Estate & Trust Returns Through eFile
Please see the announcement below from the NC Department of Revenue: NCDOR officially opened the 2021 business income tax filing...
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NCDOR Will Follow the IRS & Begin Accepting Individual Income Tax Returns on Friday, Feb. 12
Raleigh, N.C.— The North Carolina Department of Revenue (NCDOR) will follow the Internal Revenue Service (IRS) and officially open the...
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1-20-2021 | Podcast
This week’s podcast focuses on the following items: Amounts advanced by partner were a debt leading to income for other...
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2021 Tax Filing Season Begins Feb. 12; IRS Outlines Steps to Speed Refunds During Pandemic
The Internal Revenue Service announced that the nation’s tax season will start on Friday, Feb. 12, 2021, when the tax...
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Updated Power of Attorney Policy Effective 1/1/21
The NC Department of Revenue shared with NCACPA the attached updated Power of Attorney policy that went into effect on...
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COVID-19 Relief Bill Addresses Key PPP Issues
Click READ THE ARTICLE below to view the full news post!
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Treasury & IRS Begin Delivering Second Round of Economic Impact Payments to Millions of Americans
Today, the Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as...
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Congress Passes Sweeping Pandemic Relief Bill
On Monday night, the House and Senate adopted a mammoth 5,593-page appropriations bill that contains significant victories for the accounting...
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2020 Department of Revenue Q&A
On Thursday, December 3, NCACPA’s Taxation Committee hosted its annual meeting (virtually) with the NC Department of Revenue and the...
