NC Senate Moves Forward With Amendment to Cap Income Tax
By Lynn Bonner, News & Observer A proposed change to the North Carolina constitution that would reduce its cap on...
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Lawmakers Say North Carolina Budget Agreement Reached
RALEIGH, NC (AP) — Republicans in North Carolina’s General Assembly have agreed on budget adjustments for the upcoming fiscal year containing sizeable...
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AICPA, CIMA Members Approve Proposal to Advance Profession
Members of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) have overwhelmingly approved a...
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House Passes Bill to Prevent IRS From Collecting Names of Donors to Tax-Exempt Groups
The House passed Republican-backed legislation Tuesday that would prevent the Internal Revenue Service from requiring tax-exempt 501(c) organizations to disclose...
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From Market Demand Emerges ABV and CFF Credentials
In response to increased market demand for specialized services and a recognition of the rapidly growing forensic accounting and business...
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IRS to Delay Tax Refunds Involving EITC and ACTC Next Year
The Internal Revenue Service is warning tax professionals that next year, a new law will require the IRS to hold...
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Update on NCDOR Extension Denial Letters
Last Friday afternoon, the Department of Revenue contacted the association about correction letters being sent to taxpayers who had mistakenly received letters denying their...
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Governor Signs SB 726, IRC Update
As of this afternoon, Governor McCrory has signed SB 726, IRC Update. Thank you so much to our members who...
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NCDOR Sending Correction Letters to Taxpayers, Not Preparers
Per our recent update regarding follow-up letters the NC Department of Revenue will be sending to individuals who erroneously received...
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IRS Warns of Latest Scam Involving Bogus “Federal Student Tax”
WASHINGTON — The Internal Revenue Service today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding...