Governor Cooper Announces Filing Extensions and Late Action Penalty Waivers

Income and Franchise Tax Extension

• North Carolina Department of Revenue (NCDOR) announce fling extension to July 15, 2020
• Extension applies to income and franchise tax returns were originally due on April 15, 2020 from individuals, corporations, partnerships, trusts, and estates.

Penalty Waivers

• No penalties for late filings and payments of individuals, corporations, partnerships, trusts and estates that were originally due on April 15 and now extended to July 15. 
• NC DOR will not impose the penalty for failure to pay tax when due upon taxpayers, if the tax is paid by July 15, 2020.