FinCEN Provides FBAR Relief in Wake of Recent Disasters
The Financial Crimes Enforcement Network (FinCEN) has issued four notices extending the filing date of Reports of Foreign Bank and...
NCACPA Requests FinCEN Provide Filing Relief
On October 1, 2024, NCACPA sent a letter to FinCEN requesting filing relief for businesses impacted by Tropical Storm Helene...
IRS Provides Relief for Helene; Various Deadlines Postponed to May 1, 2025
IR-2024-253, Oct. 1, 2024 WASHINGTON — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses...
Tax Treatment of Qualified Disaster Payments
Tax Treatment of “Qualified Disaster Payments” By Gerard H. Schreiber, Jr., CPA, Valrie Chambers, PhD, CPA, and Elizabeth G. Brennan,...
NCACPA Meets with FinCEN to Address BOI Reporting Challenges
NCACPA’s chief lobbyist met with representatives from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on September 20 to...
A&A Resource Group Comments on Two Issues: 1) International Non-Profit Accounting Guidance & 2) PEEC’s Tax Services
NCACPA’s Accounting & Attestation Resource Group submitted letters in response to requests for comment on the following topics: Comment letter...
North Carolina to Join IRS Direct File Program in 2025
Governor Roy Cooper and North Carolina Department of Revenue (NCDOR) Secretary Ronald Penny announced North Carolina will join the Internal...
Summary of Tax Law Changes from the 2024 Legislative Session
Please see this summary of all material changes to the state’s tax code enacted by the General Assembly during the...
Q2 Unemployment Wage Reports Due by July 31 and Other Reminders from DES
Please see the following announcement from the NC Division of Employment Security (DES): The deadline for second quarter 2024 unemployment...
Bill Requiring Antitrust Training for Licensing Boards Advances
The House Judiciary Committee approved a rewrite of SB 640 on June 12. The revised bill aims to strengthen transparency...