The North Carolina tax rate for tax year 2017 has decreased fro. 5.75 percent to 5.499 percent. For tax year 2018, the tax rate will remain 5.499 percent. For the tax year 2019, the tax rate will decrease from 5.499 percent to 5.25 percent. ... See MoreSee Less
October 12, 2017, President Trump signed an executive order that intends to expand choices and alternatives to Obamacare plans and increase competition to bring down costs for consumers.
The full extent of its effects aren’t immediately clear. The order directs agencies to issue new regulations and guidance. Then those new rules will go through a comment period, which could take months.
Possible tax-related changes include allowing businesses to use health reimbursement accounts (HRAs) to pay for their premiums and new qualifying association health plans (AHPs). ... See MoreSee Less
For the upcoming 2018 filing season, the IRS will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act. The IRS will not accept the electronic tax return until the taxpayer indicates whether they had coverage, had an exemption or will make a shared responsibility payment. In addition, returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed. ... See MoreSee Less
Hurricane Irma victims in the entire state of Georgia now have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today.
This includes an additional filing extension for taxpayers with valid extensions that run out on Oct. 16, and businesses with extensions that ran out on Sept. 15. It parallels relief previously granted to Irma victims throughout Florida and in parts of Puerto Rico and the Virgin Islands, and Harvey victims in parts of Texas. ... See MoreSee Less
The IRS urges taxpayers to take the following steps to help protect themselves from remote takeovers by cybercriminals:
Review any software that employees use to remotely access the network as well as those used by IT support vendors to remotely troubleshoot technical problems. Remote access software is a potential target for bad actors to gain entry and take control of a machine. Disable remote access software until it is needed. ... See MoreSee Less