20 March 2020 North Carolina extends withholding tax payment deadlines due from March 15 through March 31 to April 15, 2020 On March 17, 2020, the North Carolina Department of Revenue released a notice announcing a waiver of the penalties for failure to file or pay state taxes governed by the Department, including income tax withholding, if the failure is the result of COVID-19. (Important notice: Department of Revenue provides penalty relief to persons affected by novel coronavirus disease.) 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. According to a Department representative, the extension applies to the February 2020 withholding tax that was due March 16, 2020 (for monthly filers) and semiweekly withholding payments due between March 15 and March 31, 2020 (see the Department's March 2020 tax calendar). (Telephone conversation, 3-20-2020.) State law prevents the Department from waiving any interest, including interest assessed for the underpayment of estimated tax, except in the limited case of interest on taxes imposed prior to or during a period for which a taxpayer has declared bankruptcy under Chapter 7 or Chapter 13 of Title 11 of the United States Code. Affected taxpayers who cannot meet their filing or payment requirement as a result of COVID-19 should complete state Form NC-5500, Request to Waive Penalties, and write "COVID-19" on the top of the form. Affected taxpayers who do not have access to Form NC-5500 can attach a letter to their return requesting a penalty waiver. The letter should contain the taxpayer's name, address, SSN or FEIN, Account ID, and the tax type and tax period for which the taxpayer seeks waiver of penalty. Form NC-5500 (or the letter) should be mailed to the North Carolina Department of Revenue, Customer Service, P.O. Box 1168, Raleigh, NC 27602. The penalty waiver notice may be updated as new information becomes available. For more information, call + 1 877 252 3052 to speak to a customer service representative or write to North Carolina Department of Revenue, Customer Service, P.O. Box 1168, Raleigh, NC 27602.
Document ID: 2020-0634 | |||||||||
