NC Revenue Dept. Notice: Enhanced Medical & Dental Deduction
NCACPA received this important notice from the NC Department of Revenue regarding the enhanced medical and dental expense deduction, providing...
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Governor Signs HB118 – COVID-19 Limited Immunity from Liability
Per yesterday’s news update, “Medical & Dental Expense Tax Deduction Increased Under New Law,” see below for a detailed summary...
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Medical & Dental Expense Tax Deduction Increased Under New Law
Deduction Applies to Current Tax Filing RALEIGH – The North Carolina Department of Revenue (NCDOR) announced today that under a...
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CPA Exam Continuous Testing Begins July 1
NASHVILLE, NEW YORK, BALTIMORE – (July 1, 2020) The National Association of State Boards of Accountancy (NASBA), American Institute...
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New Alert from the NC Department of Revenue
A few days ago, the NC Department of Revenue notified NCACPA they have issued a new e-alert notifying taxpayers that...
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Taxpayers Should File by July 15 Tax Deadline; Automatic Extension to Oct. 15 Available
The Department of the Treasury and IRS announced the tax filing and payment deadline of July 15 will not be...
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NC General Assembly Overview
In the early morning hours of June 26th, the NC General Assembly (GA) completed most of its work and adjourned...
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IRS Finalizes Guidance for the Section 199A Deduction for Shareholders of Regulated Investment Companies
Today, the Internal Revenue Service issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment...
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Updates to the CPA Evolution Initiative
The CPA Evolution initiative was created to transform the CPA licensure model to recognize and support rapidly changing skills and...
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Returning an Economic Impact Payment
Millions of eligible individuals have already received their Economic Impact Payments. Some people, including those who received a payment for...
