NCDOR to Issue Clarified PPP Expense Guidance
In response to lobbying by NCACPA’s Advocacy volunteer leaders and staff, the N.C. Department of Revenue will issue revised guidance...
NCACPA Works With Senator Burr to Urge IRS Guidance on PPP & ERTC Interplay
NCACPA worked with the office of Senator Richard Burr (R-NC) this month in support of action to ensure that businesses...
Podcast | 2-15-2021
This week’s podcast focuses on the following items: Taxpayer finds no relief from FBAR penalties Tax Court outlines when it...
NCDOR is Now Accepting Individual Income Tax Returns
The North Carolina Department of Revenue officially opened the 2020 individual income tax filing season and began accepting and processing...
IRS Summit Partners Issue Urgent EFIN Scam Alert to Tax Professionals
The Internal Revenue Service, state tax agencies and tax industry today warned tax professionals of a new scam email that...
Governor Roy Cooper Signs Bill Simplifying Extra Credit Grant Application Process
On February 10, Governor Roy Cooper signed SB 36, a bill that makes several technical changes to last year’s COVID...
Podcast | 2-8-2021
This week’s podcast focuses on the following items: Form 1040 final instructions add to virtual currency confusion Teachers COVID-19 supply...
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...
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...
Podcast | 1-25-2021
This week’s podcast focuses on the following items: Penalty relief related to partners’ tax basis capital IRS provides limited option...
