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Application for North Carolina's Resolution Initiative Ends Tomorrow |
September 17, 2009
Previously published on September 14, 2009
September 15, 2009, is the deadline for applying to North Carolina's Resolution Initiative (Initiative) to settle certain corporate income and franchise tax issues. With a backlog of audits and combination challenges mounting within the North Carolina Department of Revenue (the Department), the Initiative is targeted to entice corporate taxpayers to settle audits and subsequent tax return filings that contain targeted issues. Further, the Department is taking the position that in most cases it is unable to waive penalties outside of the Initiative.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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