NC Income Tax

Learn if You Need to File an Amended NC Tax Return

Posted on: May 6th, 2015
Just after the start of the year, our tax attorneys in Chapel Hill encouraged some filers to hold their returns until after the General Assembly decided whether to pass pending state income tax laws. ...

Last-Minute Tax Review for Same-Sex Couples

Posted on: March 28th, 2014
As Americans across the country prepare tax returns in the final days before April 15th, married same-sex couples face unique tax filing requirements. ...

North Carolina Back Tax Scam

Posted on: October 7th, 2013
Last week the North Carolina Department of Revenue released a warning in response to reports of back income tax collection scams. ...

North Carolina Tax Reform Passes

Posted on: July 26th, 2013
Last week the House and the Senate both passed the North Carolina tax reform bill. (Bill 998. The Tax Simplification and Reduction Act.) Governor Pat McCrory signed it into law this week on Tuesday, July 23, 2013....

Checklist for Estate Planning in 2013

Posted on: June 27th, 2013
Now that the year is halfway over and theAmerican Taxpayer Relief Act’s (ATRA) “permanent” changes may be altered once again—and North Carolina Tax Reform has yet to establish definite changes—our estate planning lawyers in North Carolina created a list of three steps you can take by the end of 2013....

Kids in College? North Carolina Income Tax Changes for Parents

Posted on: May 2nd, 2013
Parents are allowed to take a federal and state income tax deduction for each dependent child. However, North Carolina proposed Senate Bill 667 (Equalizer Voter Rights) in early April 2013 that will not allow parents to claim their child for state income tax purposes if their child has registered to vote at an address other than where the parent or legal guardian resides....

NC 529 Plan Income Tax Deduction Continues

Posted on: June 30th, 2011
The North Carolina General Assembly recently passed legislation that preserves the deduction on NC 529 College Savings Plan contributions for all North Carolina taxpayers, regardless of income. ...

NC 2011 Tax Return Due Date April 18

Posted on: February 2nd, 2011
From the North Carolina Department of Revenue: Taxpayers across the nation will have until April 18, 2011, to file 2010 federal returns, extensions, and payments that ordinarily would be due April 15, 2011. The extra time is provided because April 15 falls on Emancipation day, a legal holiday in the District of Columbia....

NC Democrats Agree on Tax Increases

Posted on: July 23rd, 2009
Democrats in the North Carolina House and Senate reached a compromise on tax increases yesterday. Briefly, the proposal would: Increase income taxes by 2% Increase sales tax by 1% (to 7.75% in most counties)...

Governor Perdue’s Tax Proposal

Posted on: July 8th, 2009
Yesterday North Carolina Governor Beverly Perdue revealed her proposed tax plan, which is designed to raise $1.6 billion in taxes. Here are some of the highlights:...

Text of N.C. Senate Bill 202 – Tax Increases!

Posted on: June 24th, 2009
Senate Bill 202, among other things, contains many tax increases for us in the Tar Heel state, to wit: Increase top income tax brackets to 8.25% and 8.5% (currently 7.75%)...

NC Gift Tax Repealed After All

Posted on: July 17th, 2008
In what comes as a surprise to me, based on the last news as reported in my postings in the last week or so, yesterday Governor Easley signed HB2436, which includes (page 201)...