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North Carolina Administrative Code Title 17 — Revenue

17 NCAC 06B .3206

Fraud Penalty

Official textreports.oah.state.nc.us

When an audit is based upon a federal audit report and the fraud penalty has been assessed for federal purposes, the 50 percent fraud penalty shall be assessed for State purposes. When the fraud penalty is assessed, no penalty for negligence shall be assessed with respect to the same deficiency; however, the penalty for failure to file and interest on the underpayment of estimated income tax shall be assessed if applicable with respect to the same deficiency.

Last amended: Authority G.S. 105-159; 105-163.15; 105-236; 105-262; Eff. April 1, 1978; Amended Eff. May 1, 2006; July 1, 1999; June 1, 1993; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 26, 2015.

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In this chapter (40 sections)
  1. 17-06b-3006 · Amount Deductible
  2. 17-06b-3007 · Nondeductible Contributions
  3. 17-06b-3008 · Partnership Contributions
  4. 17-06b-3009 · Contributions By Nonresidents
  5. 17-06b-3101 · General
  6. 17-06b-3102 · Definitions
  7. 17-06b-3103 · Limitations
  8. 17-06b-3104 · Husband And Wife
  9. 17-06b-3105 · Dependents
  10. 17-06b-3106 · Funeral Expenses
  11. 17-06b-3107 · Common Deductible Expenses
  12. 17-06b-3108 · Special Cases
  13. 17-06b-3109 · Nondeductible Expenses
  14. 17-06b-3110 · Medical Care For A Decedent
  15. 17-06b-3111 · Reimbursement
  16. 17-06b-3201 · General
  17. 17-06b-3202 · Schedule Of Penalties
  18. 17-06b-3203 · Penalties For Failure To File And Pay
  19. 17-06b-3204 · Negligence Penalties
  20. 17-06b-3205 · Failure To Report Federal Changes
  21. 17-06b-3206 · Fraud Penalty
  22. 17-06b-3207 · Failure To File Informational Returns
  23. 17-06b-3208 · Underpayment Of Estimated Tax
  24. 17-06b-3209 · Waiver Of Penalty
  25. 17-06b-3301 · General
  26. 17-06b-3302 · Accounting Methods
  27. 17-06b-3303 · Accounting Periods
  28. 17-06b-3304 · Change In Income Year
  29. 17-06b-3305 · Annualizing Income
  30. 17-06b-3401 · General
  31. 17-06b-3402 · Limitations For Assessments
  32. 17-06b-3403 · Federal Changes
  33. 17-06b-3404 · Federal Changes And Fraud
  34. 17-06b-3405 · Failure To Pay Tax
  35. 17-06b-3406 · Refunds
  36. 17-06b-3407 · Service Members Civil Relief Act
  37. 17-06b-3408 · Waiver Of Time Limitation
  38. 17-06b-3501 · General
  39. 17-06b-3502 · Taxing Partnership Income
  40. 17-06b-3503 · Partnership Returns
Full table of contents →