Top Tax Lawyers in Fayetteville, NC

Fayetteville, NC Tax FAQs

• Where does the Tax Court hold trial sessions closest to Fayetteville, North Carolina?

  The nearest Tax Court to Fayetteville that holds trial sessions is located in Winston-Salem with the address at Room 847, Hiram H. Ward Federal Building, 251 North Main Street.

• Where is the low-income taxpayer clinic that is closest to Fayetteville, North Carolina?

  The low-income taxpayer clinic closest to Fayetteville is the North Carolina Low Income Taxpayer Clinic located in Charlotte. You may contact the office at (704) 376-1600

• If you fail to file your tax returns on time in Fayetteville, what are the penalties?

  Tax laws governing Fayetteville and the whole state of North Carolina impose heavy fines for individuals who fail to file tax returns on time. There will be a 10% late payment fee, except if you have been able to settle at least 90% and an extension has been granted. For other infractions such as fraud and evasion, you will have to pay the state an equivalent of 50% of the total tax owed.

• If you live in Fayetteville and you receive a Notice of Assessment from the North Carolina Department of Revenue, what do you have to do?

  If a Notice of Assessment from the North Carolina Department of Revenue arrives at your home in Fayetteville, the first thing you need to do is check if the details are correct. A notice is being given if there is a correction in your tax return, whether it will increase or decrease the tax you owe. If you want to contest the notice, you may file a request for review within 45 days from when the notice was sent out.

• Will your children be required to pay inheritance tax in Fayetteville?

  No, your children do not have to pay any inheritance tax in Fayetteville as the state repealed the estate tax back in July 2013. North Carolina is one of the 38 states that does not put a tax on inherited property. However, federal estate tax still applies for properties valued at $11.18 million or over. You may consult a tax attorney in order to minimize the federal estate tax cost.

• Can you apply for an offer in compromise in Fayetteville?

  Yes, you can apply for an offer in compromise in Fayetteville if you are having financial hardship and will not be able to pay the full amount of your taxes. You must not have an ongoing bankruptcy proceeding and no pending criminal tax investigation to qualify for an offer in compromise. All your tax returns should have been filed and the period is under NC G.S. 105-241.22. You may prepare all the necessary supporting documents such as the application form and detailed financial information.

• If your offer in compromise was denied in Fayetteville, can you still file an appeal?

  No, you cannot file an appeal if your application for an offer in compromise was denied in Fayetteville. You can send additional supporting documents until the due date indicated on the denial offer. However, if the due date has passed, you may try to file another offer in compromise.