Blog & Articles

Summary: Considering switching to an S Corp in North Carolina? Business owners earning over $50K in profit may save $5,000–$8,000 annually through payroll tax planning and retirement contributions. But the IRS requires reasonable compensation and

Federal and North Carolina Tax Deadlines for 2025 Type Deadline Notes Individual Tax Returns (1040 + NC D-400) April 15, 2025 Federal and NC returns due. Extension available. S Corporation (1120-S) & Partnerships (1065) March

✅ Quick Answer: Most NC couples save more by filing jointly, but separate filing may help with student loans, medical deductions, or liability protection. We run both scenarios to find what’s best for you. If

✅ Quick Answer: North Carolina residents may qualify for state and federal tax credits including child care, education, retirement savings, and credits for taxes paid to other states. Many are overlooked without planning. If you

✅ Quick Answer: Yes, you can still file your North Carolina taxes late. Penalties apply, but filing now reduces them. If you’re owed a refund, you won’t be penalized. Missed the April deadline to file

✅ Quick Answer: North Carolina’s individual income tax rate is 4.25% for 2025. It’s set to drop again to 3.99% in 2026. This reduction benefits high earners, retirees, and business owners with proactive tax planning.

With more people than ever working from home or across state lines, North Carolina taxpayers are asking one big question: “Do I still have to pay NC income tax if I work remotely?” Whether you

Getting a letter from the IRS saying you owe money can be terrifying—especially if you live in North Carolina and don’t have the cash on hand. But before you panic, know this: You have options.

Whether you’re in Charlotte, Asheville, or anywhere in between, most North Carolina residents overpay on taxes each year—simply because they don’t know what deductions they’re entitled to. At Polaris Tax & Accounting, we work with

If you own a Limited Liability Company (LLC) in North Carolina, filing your Annual Report isn’t optional—it’s a legal requirement that keeps your business in good standing with the state. Miss the deadline, and you

In the wake of Hurricane Helene, thousands of North Carolina residents and businesses are dealing with storm damage, disrupted income, and financial uncertainty. The IRS and the North Carolina Department of Revenue (NCDOR) have responded

If you live or run a business in North Carolina, your state tax bill just went down. Again. As of January 1, 2025, North Carolina’s individual income tax rate officially dropped from 4.5% to 4.25%—part

If you’re still waiting on your North Carolina state tax refund, you’re not alone. In 2025, thousands of taxpayers across the state—from Asheville to Charlotte to Lake Norman— have reported significant delays. While refund holdups

If you're a business owner or individual in Huntersville, Lake Norman, or Charlotte, you've likely encountered the dilemma of choosing between a Certified Public Accountant (CPA) and an Enrolled Agent (EA) for your tax and

When forming an LLC or corporation in North Carolina, you’re required to designate a Registered Agent—but most business owners don’t fully understand what this role means. And when it’s handled poorly, it can lead to