ONLINE CPE REGISTRATION UPDATE
As NCACPA completes its system migration, registration for online CPE courses will temporarily close at 12:00 a.m. on the day prior to each program to allow for accurate attendance and CPE processing. We appreciate your understanding and will share updates once this step is no longer necessary. Please contact Solutions Support at 800-469-1352 with questions.
The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment. The IRS, states and industry, working together as the Security Summit, remind taxpayers that neither the…
The North Carolina CPA Political Action Committee (PAC) had an extraordinarily successful election night. Although results are not yet certified, we are projecting that 95% of the bipartisan group of 41 PAC-supported candidates won. Council of State At the statewide level, PAC-backed incumbents Governor Roy Cooper, Auditor Beth Wood, and Treasurer Dale Folwell were re-elected….
The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who owe but are struggling financially because of the pandemic, expanding taxpayer…
Grant provides $335 Coronavirus relief for most North Carolinians with children RALEIGH – The North Carolina Department of Revenue (NCDOR) issued a reminder today that applications for $335 Extra Credit Grants are due by Thursday, Oct. 15. The program, which Governor Roy Cooper signed into law in September as part of the Coronavirus Relief Act…
By Alistair M. Nevius, J.D. In the spring, as the COVID-19 pandemic swept the globe, the IRS took action to extend a wide variety of filing deadlines. Taxpayers and tax practitioners both needed the extra time, as offices across the country shut down, quarantining took effect, and many people became sick. While the IRS and…
WASHINGTON – The Internal Revenue Service announced that the deadline to register for an Economic Impact Payment (EIP) is now Nov. 21, 2020. This new date will provide an additional five weeks beyond the original deadline. The IRS urges people who don’t typically file a tax return – and haven’t received an Economic Impact Payment…
NCACPA received the newest important notice (attached) published by the NC Department of Revenue. This notice addresses various updates to NC withholding tax informational returns due in 2021. The Department expressed thanks to members of our NCACPA Tax Committee for their help with drafting this notice.
NCACPA received the following Important Notice update from the NC Department of Revenue a short time ago. The Department is updating its Important Notice dated July 20, 2020, to clarify the treatment of qualified improvement property bonus depreciation when calculating a taxpayer’s excess business loss. If you remember, the CARES Act included a technical correction…