17 N.C. Admin. Code 6B.3204

Current through Register Vol. 39, No. 11, December 2, 2024

Section 06B .3204 - NEGLIGENCE PENALTIES

When the accuracy-related penalty has been assessed for federal income tax purposes under Section 6662 of the Internal Revenue Code, the 10 percent negligence penalty shall be assessed for state income tax purposes unless the large individual income tax deficiency or other large tax deficiency penalty applies pursuant to G.S. 105-236.5(a)(5)b. or c., respectively.

17 N.C. Admin. Code 06B .3204

Authority G.S. 105-236(a)(5); 105-262;
Eff. April 1, 1978;
Amended Eff. April 1, 1999; June 1, 1993;
Readopted Eff. May 1, 2016.

Authority G.S. 105-236(5); 105-236(6); 105-262;
Eff. April 1, 1978;
Amended Eff. April 1, 1999; June 1, 1993.

Amended by North Carolina Register Volume 30, Issue 23, June 1, 2016 effective 5/1/2016.