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Nearly 21 million people in the U.S. have already received their federal tax refunds, but North Carolina residents are still waiting on money from the state. That’s because the state just ...
The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...
Commissioner v. Tufts, 461 U.S. 300 (1983), was a unanimous decision by the United States Supreme Court, which held that when a taxpayer sells or disposes of property encumbered by a nonrecourse obligation exceeding the fair market value of the property sold, the Commissioner of Internal Revenue may require him to include in the “amount realized” the outstanding amount of the obligation ...
From due date extensions to settlements, the IRS offers several tax debt relief options that can make your bill more manageable. Exploring income-increasing opportunities, borrowing money from ...
The Regulator Movement in North Carolina, also known as the Regulator Insurrection, War of Regulation, and War of the Regulation, was an uprising in Provincial North Carolina from 1766 to 1771 in which citizens took up arms against colonial officials whom they viewed as corrupt.
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The tax consequences of a disposition depend on whether the taxpayer acquired the property with the nonrecourse debt already attached, or whether the taxpayer took out the nonrecourse debt after acquisition of the property, and the relative relationships between fair market value and purchase price and disposition price. Upon a sale or other ...
The resolution ends a 3-year legal fight by transgender people in the state seeking the right to use the bathroom of their gender identity.