Frequently Asked Questions and Important Notices

 Frequently Asked Questions (FAQ's): 

Read Frequently Asked Questions about N.C. Franchise, Corporate Income and Insurance Tax

Important Notices:

Important Notice: Tax Relief Granted in The Disaster Recovery Act of 2024October 18, 2024
Important Notice: Tax Relief Granted in The Disaster Recovery Act of 2024October 11, 2024
Important Notice: Tax Relief for Victims of Hurricane HeleneOctober 3, 2024
Important Notice: Power of Attorney Form Updated to Authorize Representatives to Receive Copies of Available NoticesAugust 20, 2024
Important Notice: Tax Relief for Victims of Hurricane DebbyAugust 15, 2024
Important Notice: Power of Attorney UpdatesJuly 15, 2024
Important Notice: Tax Credits Involving PartnershipsMarch 15, 2024
Important Notice Regarding North Carolina's Recently Enacted Pass-Through Entity TaxApril 14, 2022 (Updated December 2, 2022)
Important Notice: Impact of Session Law 2022-6 on North Carolina Individual and Corporate Tax Returns March 18, 2022
Important Notice: Impact of Session Law 2021-180 on North Carolina Individual and Corporate Income Tax ReturnsDecember 10, 2021
Important Notice: Expanded List of Counties Eligible for Tax Relief - Tropical Storm FredOctober 7, 2021
Important Notice: Tax Relief for Victims of Tropical Storm FredSeptember 21, 2021
Important Notice: Corporate Tax - Secretary Announces That New Statute Abrogated Prior Final Agency DecisionDecember 31, 2020
Important Notice: North Carolina's Reference to the Internal Revenue Code Updated - Impact on North Carolina Corporate and Individual Income Tax ReturnsJuly 20, 2020
Important Notice: Waiver of Interest and Other Economic Support to North Carolina Taxpayers in Response to the Coronavirus Disease 2019 (COVID-2019)May 6, 2020
Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19)March 31, 2020
Important Notice: Department of Revenue Extends the Time to File Income and Franchise Tax Returns to July 15, 2020March 23, 2020
Important Notice: Department of Revenue Provides Special Penalty ReliefMarch 19, 2020
Important Notice: Department of Revenue Provides Penalty Relief to Persons Affected by Novel Coronavirus DiseaseMarch 17, 2020
Important Notice: Changes in Requirements for Applying for a North Carolina Extension February 24, 2020
Important Notice: Impact of Market Based Sourcing on Private Letter Rulings Issued Prior to January 1, 2020January 31, 2020
Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax ReliefImportant Notice: Expanded List of Counties Eligible for Hurricane Florence Tax ReliefOctober 31, 2018
Important Notice: Expanded List of Counties Eligible for Hurricane Florence Tax ReliefOctober 16, 2018
Important Notice: List of Counties Eligible for Hurricane Florence Tax Relief Revised to Add Additional CountiesOctober 1, 2018
Important Notice: Tax Relief for Victims of Hurricane FlorenceSeptember 17, 2018
Important Notice: Tax Credits Involving PartnershipsSeptember 10, 2018 (Withdrawn March 14, 2024)
Important Notice: North Carolina’s Reference to the Internal Revenue Code Updated – Impact on 2017 and 2018 North Carolina Corporate and Individual Tax ReturnsAugust 21, 2018
Important Notice: IRC Section 965 Repatriation GuidanceAugust 21, 2018
Important Notice: Tax Relief for Victims of April 15, 2018 TornadoesApril 19, 2018
Important Notice: Impact of the Tax Cuts and Jobs Act and the Bipartisan Budget Act of 2018 on North Carolina's Corporate and Individual Income Tax ReturnsFebruary 16, 2018
Important Notice: Form NC-1099NRSJanuary 29, 2018
Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add An Additional CountyNovember 29, 2016
Important Notice: List of Counties Eligible for Hurricane Matthew Tax Relief Revised to Add One Additional CountyNovember 21, 2016
Important Notice: Updated List of Counties Eligible for Hurricane Matthew Tax ReliefNovember 10, 2016
Important Notice: Expanded List of Counties Eligible for Hurricane Matthew Tax ReliefNovember 3, 2016
Important Notice: More Counties Eligible for Hurricane Matthew Tax ReliefOctober 19, 2016
Important Notice: Additional Counties Eligible for Hurricane Matthew Tax ReliefOctober 14, 2016
Important Notice: Tax Relief for Victims of Hurricane MatthewOctober 13, 2016
Important Notice: DOR Publishes Rules Regarding Market-Based Sourcing in the NC Register and Announces Public Hearing Date
- MBS Rules with Examples
- Notice of Text 17 NCAC 05G		October 3, 2016
Important Notice: DOR to Adopt Rules Regarding Market-Based SourcingAugust 4, 2016
Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2015-2016 exceeded the targeted amount of $20,975,000,000. The corporate tax rate for years beginning on or after January 1, 2017 will be reduced by 1%August 4, 2016
Important Notice: Taxpayers May Contest the Department's Determination That an Amended Return or Claim for Refund Was Not Filed Within the Statute of LimitationsJuly 13, 2016
North Carolina's Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual Income Tax ReturnsJune 3, 2016
Important Notice: Limited-Time Extension of the Statute of Limitations With Respect to Refunds of Corporate and Individual Income Tax PaidJune 3, 2016
Important Notice: Impact of the Federal Protecting Americans From Tax Hikes Act of 2015 on North Carolina's Corporate and Individual Income Tax Returns for Tax Year 2015April 13, 2016
Important Notice: Effect of Emancipation Day and Patriot’s Day on North Carolina Tax Returns and Tax Payments Due on April 15, 2016March 21, 2016
Introduction and Summary-Guidelines for Market-Based SourcingJanuary 29, 2016
Guidelines for Computing the Sales Factor Based on Market-Based SourcingJanuary 29, 2016
Important Notice Regarding The Delayed Sunset Date For Renewable Energy Projects That Are Substantially Completed On Or Before January 1, 2016September 29, 2015
Important Notice: The Secretary of Revenue confirms that net General Fund tax collections for fiscal year 2014-2015 exceeded the targeted amount of $20,200,000,000. The corporate tax rate for years beginning on or after January 1, 2016 will be reduced by 1%August 6, 2015
North Carolina's Reference to the Internal Revenue Code Updated-Impact on 2014 North Carolina Corporate and Individual Income Tax ReturnsApril 1, 2015
Important Notice Regarding Effect Of Tax Increase Prevention Act of 2014January 15, 2015
(Updated by Important Notice dated April 1, 2015)
Important Notice: Income Tax Adjustments for Code Section 179 ExpensesJune 20, 2014
Important Notice: Sunset for Tax Credits – Effect on Future Installments and CarryforwardsSeptember 18, 2013
NEL GuidanceAugust 17, 2012
Offer in Compromise Change Helps TaxpayersJuly 9, 2012
Important Notice: Franchise Tax Law Change Regarding Treatment of Accumulated AmortizationAugust 2011
Important Notice Regarding Piped Natural Gas Excise Tax Phase-Out for Manufacturers and FarmersSeptember 2007 (obsolete)