Certain North Carolina taxpayers have until Dec. 21 to apply for refunds of tax payments linked to a late-June U.S. Supreme Court ruling.
- In the North Carolina v. Kaestner Family Trust case, the high court found that a trust beneficiary’s residence in North Carolina didn’t establish enough of a connection for the state to tax the trust. The Kaestner trust paid more than $1.3 million in taxes to North Carolina, but challenged the state’s law.
- The state Department of Revenue issued a July 2 notice describing the law regarding the statute of limitations on requesting tax overpayment refunds and special ...