The North Carolina Department of Revenue (NCDOR) has issued information related to G.S. 105-251.2(a), including changes to information reporting requirements for occupational licensing boards aimed at increasing tax compliance.
The statute changes require occupational licensing boards in the state, including the North Carolina State Board of CPA Examiners, to provide the NCDOR with information related to their licensees, including:
- Licensee name
- License number
- Tax Identification Number
- Business address
The NCDOR can also require any information in possession of the licensing board it deems necessary to determine the licensee’s tax compliance.
Occupational licensing boards must provide this information to the NCDOR by July 1, 2016, and should include available licensee information for calendar years 2013-2015. The NCDOR is currently developing electronic filing methods for boards to use in transmitting the information.