§ 105-163.6A. Federal corrections. - North Carolina Statutes

§ 105‑163.6A.  Federalcorrections.

If the amount of taxes anemployer is required to withhold and pay under the Code is corrected orotherwise determined by the federal government, the employer must, within sixmonths after being notified of the correction or final determination by thefederal government, file a return with the Secretary reflecting the correctedor determined amount. The Secretary must propose an assessment for anyadditional tax due from the employer as provided in Article 9 of this Chapter.If there has been an overpayment of the tax, the Secretary must either refundthe overpayment to the employer in accordance with G.S. 105‑163.9 orcredit the amount of the overpayment to the individual in accordance with G.S.105‑163.10. An employer who fails to comply with this section is subjectto the penalties in G.S. 105‑236 and forfeits the right to any refund dueby reason of the determination. Failure of an employer to comply with thissection does not, however, affect an individual's right to a credit under G.S.105‑163.10. (1993(Reg. Sess., 1994), c. 582, s. 4; 2007‑491, s. 17.)