In response to the Internal Revenue Service postponing various federal tax filing and payment deadlines until Sept. 25, 2025, the N.C. Department of Revenue (NCDOR) will not assess (or will remove) certain late action penalties on selected state tax filings, payments, and licenses if the transactions are completed by Sept. 25, 2025.
The NCDOR initiated this suspension because it may not assess certain late action penalties for any period in which the time for filing a federal tax return or paying a federal tax due is “postponed” under IRC section 7508A because of presidentially declared disaster.
The details of this suspension are covered in the Important Notice published on the agency website at Important Notice: Additional Time for Victims of Hurricane Helene to Qualify for Penalty Relief | NCDOR
The N.C. General Assembly has provided interest relief through legislation until May 1, 2025, to taxpayers in the 39 counties declared disaster areas by the Federal Emergency Management Agency (FEMA). Taxpayers in the remaining 61 counties will accrue interest on any unpaid tax beginning April 16, 2025. Additional legislative action is required for any additional interest relief.
The Greater Fayetteville Business Journal is proud to announce our fourth annual Health Care Heroes event! We are excited to join together with some of the region’s core health care institutions and providers and honor our local h
The Greater Fayetteville Business Journal is proud to present the fourth-ever Lifetime Achievement Award to Dr. Matthew Harmody.
Photo by Samantha MethenyThe Flower Bar is Fayetteville’s first experiential craft and cocktail lounge. Located at 719 Sterling St. in Fayetteville, N.C., The Flower Bar is scheduled to open this December. Co-owners Johanna Brumm and Dennis Bonnema a
