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North Carolina’s New Trust Tax Recovery Program

  • Feb 7, 2014 | Gail Cole

 North Carolina has a new program to help delinquent sales tax filers.

North Carolina’s new Trust Tax Recovery Program could help businesses “recover from certain tax liability issues.”

Created by the North Carolina Department of Revenue (NCDOR), the program provides payment plans for companies that are behind on North Carolina sales tax payments, as well as withholding tax and other trust taxes. Program participants who file and pay all outstanding taxes within the terms of the payment plan may also have penalties and fees waived. Participants who fail to follow through with filing or paying taxes may have those penalties and fees reinstated.

The Trust Tax Recovery Program is not open to taxpayers who are facing criminal charges or the subject of an NCDOR criminal investigation. The program is also closed to taxpayers who “have defaulted on payments or received penalty waivers while participating in the Small Business Taxpayer Recovery Program or the Small Business Counseling Program.”

Additional information is available on the NCDOR website.

The best way to avoid tax penalties is to switch to an automated sales tax solution.

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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.