North Carolina provides penalty relief for those affected by COVID-19
News
Thursday, March 26, 2020

North Carolina provides penalty relief for those affected by COVID-19

By Payroll and Entitlements Editorial Staff

North Carolina provides a limited-time waiver of certain penalties for taxpayers who have been affected by COVID-19.

What penalties may be waived? The Secretary of Revenue has elected to waive the following penalties: (1) the penalty for failure to obtain a license; (2) the penalty for failure to file a return; (3) the penalty for failure to pay tax when due; and (4) the penalties regarding informational returns (collectively, "Late Action Penalties"). The waiver applies to the failure to timely obtain a license, file a return, or pay a tax that is due between March 15, 2020, and March 31, 2020, if the license is obtained, the return or extension application is filed, or the tax is paid by April 15, 2020. The waiver will be considered a waiver for special circumstances. The waiver will not be considered a waiver for good compliance that can only be granted once every three years per tax type.

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More