Does NC have a written Penalty Policy and a Taxpayers Bill of Rights?
Yes, since April 1999, the NCDR has a penalty policy that provides 100% waiver of penalty(ies) assessed for the first time within a 3 year period. If penalties are assessed a second time during a 3 year look-back period, only 50% of the penalty assessed is subject to waiver. Yes, the NCDR has a well-written bill of rights for taxpayers that explains all of the rights pertaining to collection and assessment of taxes and the proper time-frame that a taxpayer needs to take action, if taxes are due.
