NC Department of Revenue Notice on Tax Relief

The North Carolina Department of Revenue has issued an Important Notice: Department of Revenue Expands Penalty Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19). The Department notes that penalties will not be imposed for late filing or payments of many tax types, including sales and use and withholding taxes, through July 15, 2020. Previously, the Department pushed back the April 15 deadline for 2019 state income taxes to match the federal income tax return deadline extension. Important – As previously noted, the Department of Revenue is unable to waive interest that accrues after the normal tax filing deadline – 5% per year, without a change in state law