Guidebook to North Carolina Taxes (2020)

CCH's Guidebook to North Carolina Taxes is the perfect resource for concise and reliable information for practitioners working with state taxation in North Carolina. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, describing the general provisions of the respective tax laws and regulations and highlighting significant cases and administrative rulings. This annual publication is useful to tax practitioners, in-state and multistate businesspersons, and those who are obligated to file North Carolina returns or who are required to deal with North Carolina taxes.

Edited by William W. Nelson, J.D., this popular and authoritative Guidebook is in its 46th Edition. It is the one source those involved with North Carolina taxation need for timely and accurate answers in a convenient and accessible desktop format. Concise explanations cover the taxes of major interest:

• personal income tax
• corporate income tax
• franchise tax
• sales and use taxes
• inheritance tax
• gift tax
• intangibles tax

  Other North Carolina taxes are summarized, as well, with particular emphasis placed on persons or transactions subject to tax, exemptions, basis and rate of tax, and returns and payment.

  For the user's convenience in determining what is new in the North Carolina tax law, a special Highlights of Tax Changes section is included to provide at-a-glance awareness of key recent developments. While this handbook focuses on the law applicable to the filing of income tax returns in 2020 for the 2019 tax year, legislative changes effective after 2019 are also noted with an indication of the effective date to avoid confusion and to assist in future tax planning. References to both the North Carolina and related federal provisions are provided throughout for those who wish to examine full text of the applicable law. Also, detailed Tables of Contents, Law and Regulations Finding Lists, a Topical Index and organized presentation of the content make pinpointing critical information quick and easy. Helpful references to specific paragraphs in the comprehensive CCH North Carolina Tax Reports service are provided throughout the Guidebook to assist users in further, more comprehensive tax research and tax planning.

  Highlights of 2019 North Carolina Tax Changes

• Part I - Tables
• Part II - Individual Income Tax
• Part III - INcome Tax Treatment of Pass-Through Entities
• Part IV - Income Tax on Estates and Trusts
• Part V - Corporation Income Tax
• Part VI - Franchise Tax
• Part VII - Sales and Use Taxes
• Part VIII - Gift Tax
• Part IX - Property Taxes
• Part X - License and Privilege Taxes
• Part XI - Employment Security Tax
• Part XII - Miscellaneous Taxes
• Part XIII - Estate Tax
• Part XIV - Administration and Procedure
• Part XV - Doing Business in North Carolina
• Part XVI - Unclaimed Property