In the article “Seek Filing Extension to Get Federal Tax Changes: North Carolina,” Bloomberg Tax reporter Andrew M. Ballard suggests North Carolina taxpayers may want to consider seeking an extension on filing state returns due to the recent federal tax law changes. State lawmakers have not yet decided whether they will conform to the changes made in the 2017 federal tax act and leave North Carolina taxpayers in a predicament of filing a tax return before the Legislature makes a decision.
Smith Anderson Partner Bill Nelson discusses why this issue could cause more confusion to North Carolina taxpayers than usual this year.
Read the full Bloomberg Tax article here.
Reproduced with permission. Published February 20, 2018. Copyright 2018 by The Bureau of National Affairs, Inc. (800-372-1033)