Proposed Market-Based Sourcing Rules Would Give North Carolina DOR Significant Authority

Overview


Alysse McLoughlin said North Carolina’s proposed market-based sourcing rules “require the taxpayer to consider all sources of information ‘reasonably available to the taxpayer’ at the time of its tax filing,” but have “no explicit requirement” for taxpayers to get missing information from customers except those which provide over five percent of receipts from sales of services.