NCACPA continues to strongly encourage the state of North Carolina, and specifically the Department of Revenue, to move as quickly as possible to provide taxpayer relief for all filings due on September 16. We have advocated for the extension of the filing date, relief from all penalties and interest for late payments, and any other measure that will help tax practitioners and taxpayers in light of Hurricane Dorian. The Department of Revenue has indicated that it is necessary to have a Presidential Disaster Declaration for the agency to grant needed relief.
We also wanted to provide our members clarifying information on the disaster declaration process. While the Governor’s request for issuance of an Emergency Declaration was signed by the President and put into effect on Tuesday, September 3, the President must declare a Major Disaster (denoted above as a Presidential Disaster Declaration) in order for the IRS to grant tax relief. Once a Major Disaster is declared and the IRS announces tax relief for affected counties in our state, the Department of Revenue intends to conform as closely as possible to the IRS plans. The Department is actively monitoring the declaration process in order to move quickly on tax relief for our state.
In the interim, NCACPA has prepared a webpage providing several disaster relief resources, and will continue to vigorously advocate for all possible relief.