In an effort to align with guidance issued by the IRS, many states are also extending their deadlines for tax filing and payment.
Information for North and South Carolina are detailed below.
The NC Department of Revenue (NCDOR) will extend the deadline for filing North Carolina individual income, corporate income, and franchise taxes to July 15, 2020. NCDOR will not charge penalties for those filing and paying their taxes after April 15, 2020, as long as they file and pay their tax before the updated July 15, 2020 deadline.
However, the department is not offering relief from interest charged to filings after April 15th. Unless state law is changed, tax payments received after April 15 will be charged accruing interest over the period from April 15 until the date of payment.
These changes do not apply to trust taxes, such as sales and use or withholding taxes.
The SC Department of Revenue (SCDOR) will also extend the deadline for filing South Carolina income tax filing and payment from April 15 to July 15, 2020, to align with the IRS.
Other state returns and payments due April 1 to June 1 will now be due June 1, 2020. Penalty and interest will not be charged if payment is made by June 1. This includes Sales and Use Tax, Admissions Tax, Withholding Tax, and other taxes that are filed with and/or paid to the SCDOR.
In both states, the tax relief will be automatically applied for all applicable returns and payments; you don’t need to take any additional action.
For states not listed above, please reach out to us personally for assistance.