This determination is based on federal law. 16. Note: These questions are intended to help you prepare your income tax return if you received a Form 1099-G because a grant was reported to the Internal Revenue Service (IRS). If you submitted a Phase 1 application or want additional information about payments, eligibility requirements or frequently asked questions, please visit the BRG Phase 1 page. Why isnt there withholding on my Form 1099-G with a Line 3 Grant? For Phase 2, gross receipts are calculated using the sum of the following gross receipts: A business that received a grant in Phase 1 is only eligible for a grant in Phase 2 if ALL of the following are true: The grant amount for a business that received a grant in Phase 1 is a percentage of the amount by which Line 5b is greater than Line 8b. Internal Revenue Service interactive tool: Is My Child a Qualifying Child for the Child Tax Credit? The NC Emergency Management Public Assistance team provides full-time support to all applicants. Importantly, individuals who have already received the grant payment DO NOT qualify for additional grant payment. Phase 1 payment information can befound here. 2. When to apply: Applications for FY2022 must be submitted to the above address by 10 a.m. on June 6, 2022. Check the State tax return you filed for calendar year 2019 to see if you indicated on the return that you, and your spouse, were residents of North Carolina for the entire year. Learn more about COVID-19 EIDL Shuttered Venues Grant This grant supports eligible venues affected by COVID-19. Eligible early care and learning programs may apply at any time. However, I am the sole member of the LLCs and the entities are disregarded for federal income tax purposes. As required by law, the NCDOR re-opened the application period of the Program because the total amount of grants requested by eligible businesses during the initial application period did not exhaust the $500 million in funds authorized for the Program. COVID-19 relief legislation originally suspended the sequestration payment adjustment of 2% from May 1, 2020 through December 31, 2021. If you have already received the $335 grant, you are not eligible under the new law. In general, a child qualifies you for the federal child tax credit if the child meets all of the following conditions: For more information, see Internal Revenue Code Section 24 or federal Publication 972, Child tax Credit and Credit for Other Dependent. Specifically, you must meet both of the following conditions: Report on Form D-400 for calendar year 2019 that either you or, if filing a joint return, your spouse, was a resident of North Carolina for the entire 2019 calendar year. You should verify that you meet all of the eligibility requirements to receive the grant. Otherwise, grant funds will be issued by mailed check. Why am I receiving a Form 1099-G with a Line 3 Grant? Grants of up to $25,000 were awarded to eligible certified HUBs and DBEs to help them continue to recover from the pandemic. Am I eligible for a grant? To learn more, view our full privacy policy. Your Form 1099-G with a Line 3 Grant does not including withholding because no tax has been withheld from your grant award from the Business Recovery Grant Program. If you believe the amount on your Form 1099-G with a Line 3 Grant is incorrect, youshould contact the Department at 1-877-252-3052. My business was denied a grant in Phase 1 because I received a PPP loan (other COVID-19 relief). In order to be eligible to receive an automatic grant payment, you must meet both of the following conditions: (a) Report on Form D-400 for calendar year 2019 that either you or, if filing a joint return, your spouse, was a resident of North Carolina for the entire 2019 calendar year. The University of North Carolina at Pembroke. Note: Eligible gross receipts not reported on Form E-500 could only be included on the application for the entity filing the income tax return and cannot be included on applications for two different legal entities. If you are eligible for the grant, you will receive a one-time payment of $335. I have multiple North Carolina Sales and Use Tax Account IDs and file a separate schedule C for each location. Even if you are not sure which expenses will be eligible for reimbursement, it is important to start documenting all of your COVID-19 expenses now so that you will be prepared to submit them for reimbursement after you have completed the registration process. Submitting a Request for Public Assistance- 3 min. The child is claimed as a dependent on your 2019 federal tax return if you are required to file a return. Assistance | NC COVID-19 Home Info/Guidance Individuals & Families Assistance Assistance Food Assistance If you already get Food and Nutrition Services (FNS) benefits, these benefits have been enhanced during COVID-19. Click here if you have questions or want to be notified of additional information that could be beneficial to HUB businesses. To receive the grant payment you must complete one of the following options: Whichever option you choose, the application or the amended return must be completed and submitted to the Department on or before July 1, 2021. On Form D-400, make the necessary changes to the original Form D-400 by showing the corrected number of qualifying children on Line 10a. The Department has issued all checks to eligible individuals. Businesses classified in NAICS codes 71 and 72 include businesses primarily engaged in the following sectors: Accommodation, Food Services, Arts, Entertainment, and Recreation. The Department determined that you were not eligible to receive the grant payment. Gross receipts not listed on the Form E-500s but reported on your federal Form 1040, Schedule C, Line 1 or Schedule F, Line 9, if applicable, must have been included in the calculation provided the gross receipts are for transactions apportioned to the State. COVID-19 Health Equity Task Force: Knowledge Center: Minority Population Profiles: . Depending on the condition the taxpayer failed to meet, the taxpayer may be required to amend their 2019 State return or the taxpayer (or the taxpayers paid preparer) may be allowed to apply for the grant by submitting an application by July 1, 2021. Walk-ins and appointment information. 9/30/22 This November Rutherford County will have the opportunity to vote in a new Sheriff. 17. . I disagree with the Departments grant amount calculation. However, the custodial parent may execute Federal Form 8332 which states that the custodial parent will not claim such credit and the noncustodial parent can attach the form and claim the child. No. If you were awarded a reimbursement grant (business not classified in NAICS code 71 or 72) please click here for more information. Extra Credit Grant checks re-validated because of updated mailing addresses may be cashed at any financial institution or businesses that allow check cashing. These grants will be a lifeline to help businesses across the state who have been devastated by the COVID-19 pandemic. Yes, the SST ID could have been substituted for the sales and use tax account ID on your application. Hours: Monday - Friday 8:00 a.m. - 5:00 p.m. P: 919.515.NCSU (6278) Calendars; MyPack Portal; FEMA requires all potential applicants to participant in an Applicant Briefing. The budget Governor Cooper signed on November 18, 2021 provided $500 million to fund the Business Recovery Grant Program. Note: Businesses that previously received other COVID-19 relief and were ineligible for a Reimbursement Grant in Phase 1 may have been eligible for a grant in Phase 2. Once registered in the Grants Portal, submit two forms to complete the Public Assistance registration process (process described in the Applicant Briefing). All grant funds have been distributed to businesses. If the grant is included in federal AGI or federal taxable income, North Carolina allows a deduction for the grant payment on the North Carolina income tax return. Awards can be made within eligible economically-distressed counties in areas unserved with broadband at speeds of 25 Mbps download and 3 Mbps upload. The state grant check is not a refund of state income tax. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as originally enacted March 27, 2020, the Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees. L. No. No. The application period for Phase 2 of the Program closed on June 1, 2022. Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. Federal gross income means all income you received in the form of money, goods, property, and services that isnt exempt from tax. 4. Eligibility No. My business changed its structural type between the Pre-COVID period and application period. About Eligibility Application Payments FAQs A lock icon or https:// means youve safely connected to the official website. Appointments are recommended and walk-ins are first come, first serve. I engage in roles as: -An assistant professor in the Kinesiology Program (Physical Education Program at hire) - 2017 to present -A program coordinator for Kinesiology, Health, Physical Education . You may have been eligible for the grant in Phase 2. We are grateful to state lawmakers and the Governors Office for providing this funding and to the N.C Department of Revenue for their quick implementation of the program., Weve been working to ensure that minority and women-owned businesses are a vibrant part of our economy, said Kevin J. If your business is permanently closed at the time of the application, you are not eligible to receive a grant. The raw number of COVID-19 cases in North Carolina dropped to its lowest point since Wednesday, but the number remains 40 percent higher than one week ago. Grant Opportunities | nc.gov Grant Opportunities This page includes links to grant programs across NC state government agencies. 6. Extra Credit Grants The application period for the Extra Credit Grant applications closed on July 1, 2021. There is no deadline yet to register for FEMA Public Assistance, but you should still do so as soon as possible to get the reimbursement application process started. The business suffered an economic loss of at least 20%. Whether a grant amount is included in federal gross income is determined under federal law. 4. If you did not receive a federal child tax credit for calendar year 2019 because the federal tax credit was eliminated under federal law, you are not eligible for the grant. The COVID-19 Applicant Briefing webinars provide basic information about the FEMA Public Assistance Program, Grants Portal registration, and resources to help you navigate the reimbursement process. The Business Recovery Grant Program is a State program administered by the Department of Revenue. The grant amount on Line 3 consists of the grant payments you received from the Business Recovery Grant Program during the year. If the business is a sole proprietorship, the check will be made payable to the individual operating as a sole proprietorship. The application will be posted on this website as soon as possible. You should have filed one application as the business owner. The amended return and any accompanying documents must be postmarked on or before July 1, 2021. The following individuals with a qualifying child who was 16 or younger at the end of 2019 who have not already received the grant payment from the NC Department of Revenue may be eligible to receive the grant. Additionally, if a business closed its sales and use tax account with the Department, filed Form NC-BN with the Department or filed Form NC-3 indicating it is closing, the business is permanently closed. Individuals should not file a grant application unless they operate a sole proprietorship. We are here to help through the Coronavirus Aid, Relief, and Economic Security (CARES) Act grant. I have not filed an E-500, Sales & Use Tax Return(s), during the COVID Period. What should I do? (b) Report at least one qualifying child on Line 10a of Form D-400 for calendar year 2019. Grant period: 2021-2024. You cannot appeal this decision. These funds are to be used to help Raleigh residents affected by COVID-19 for help with rent payments and mortgage payments. A business is eligible for a grant in Phase 2 if it meets specific conditions. You must have included the gross receipts that will be reported on Line 1 of the E-500 when calculating your gross receipts for the COVID Period.. No. 1. I was not able to submit an application for the grant on or before June 1, 2022. The child is your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example, your grandchild, niece, or nephew). almost 27 billion was allocated through the COVID -19 Business Grants scheme to local authorities in England, which delivered over 4.5 million payments totalling 22.6 billion, to businesses. Submitting the Designation of Applicants Agent - 2 min. To request a duplicate Form 1099-G with a Line 3 Grant, contact the Department at 1-877-252-3052. Additional guidance is available on our website in the instructions for the North Carolina income tax returns. International Women's Media Foundation Accepting applications for grants up to $2,000 for women who identify journalists facing significant financial hardship, lost work, were recently laid off or who urgently need assistance due to the effect of COVID-19 4. African American businesses are important to local economies and they support communities through out the state of North Carolina.". In calculating North Carolina taxable income, you may deduct the amount of the grant if the grant is included in federal adjusted gross income. Complete Part 1 and Part 3 of Form NC-1105, Application for Extra Credit Grant Program (NC-1105) or; Have a POA or Paid Tax Preparer complete Part 1 and Part 3 of Form NC-1105, Application for Extra Credit Grant Program (NC-1105) or; File an amended 2019 State individual income tax return, correcting line 10a. FEMA Public Assistance COVID-19 Programmatic Project Submission Deadline: December 31, 2022 FEMA Public Assistance funding is available for all eligible subrecipients throughout North Carolina who have incurred costs due to emergency measures and protective actions to reduce or eliminate the threat of COVID-19. What should I do? You could not apply for an additional grant in Phase 2. Nonprofit Security Grant Program (NSGP) NSGP provides funding support for physical security enhancements and other security-related activities to nonprofit organizations that are at high risk of a terrorist attack. Receiving the Business Recovery Grant. The child was under age 17 at the end of 2019. The forms were mailed no later than January 31, 2023. For Phase 1 payment information, visit the Phase 1 webpage. The American Rescue Plan Act (ARP), Congress' most recent package for COVID-19 relief, includes billions of dollars dedicated to infants, toddlers, and children under the age of six. If you did not receive a grant award from the Business Recovery Grant Program, contact the Department at 1-877-252-3052. The business has gross receipts that were not reported on federal Form 1065. How should I have filed the applications? The business is a taxpayer subject to income tax under Article 4 of Chapter 105 of the North Carolina General Statutes. 1 University Drive Pembroke, NC 28372 . Am I eligible for another grant in Phase 2? Friday, May 20, 2022 - 00:00 RETOOLNC Grant Program Relaunches for Third Round of Funding June 1st All NC HUB certified firms interested in applying are encouraged to attend Q&A webinar May 26 . Thiscomparisonshows the difference between the two phases. Refer to Section I, Question 13 for the full list of tax forms used to calculate gross receipts for Phase 2. To qualify for a hospitality grant in Phase 2, a business must meet all of the following conditions: To qualify for a reimbursement grant in Phase 2, a business must meet all of the following conditions: The grant amount is a percentage of the economic loss demonstrated by the eligible business or $500,000, whichever is less. COVID-19 EIDL This low-interest loan provides help to businesses experiencing revenue loss. . The grant amount is $335.00 total for each eligible individual, even if the individual has two or more qualifying children. How will I know if I was not approved for a grant? These grants will help us support businesses and workers, so we can emerge from this pandemic stronger than before., We appreciate the fact that this program comes at a time when businesses are working to recover and return to their pre-COVID financial positions, said Secretary Penny. Families earning $15,000 to $30,000 could get $500 grants, with families . In addition, if you received a grant award of $500,000, then you are ineligible to receive a grant in Phase 2. Be sure to track all costs as they pertain to COVID-19 and compile any documentation that supports submitted costs (invoices, receipt, narratives, reports, contracts, etc.). Whether the grant is included in federal gross income is determined under federal law. The application period for the Extra Credit Grant applications closed on July 1, 2021. OT cannot be reimbursable because FEMA assistance has arrived, but regardless of whether FEMA assistance will arrive or not. Yes. No. On Sept. 29, 2022, the N.C. Department of Revenue (NCDOR) mailed checks to more than 3,900 North Carolina businesses awarded grants during Phase 2 of the Business Recovery Grant Program. In response to the continued impact of COVID-19 on students and families, the President Signed the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA) on December 27, 2020. . In general, Article 4 of Chapter 105 covers corporate income tax, individual income tax, and partnership income tax. The Department mailed paper checks to grant recipients using the mailing address provided by the applicant on the application. Checks will be mailed to qualifying Extra Credit Grant recipients 2-4 weeks after the application is submitted. The program will issue a payment to an eligible North Carolina business that felt an economic loss of at least 20% during the COVID-19 pandemic. Black, Hispanic, Asian-American or American Indian, Socially and Economically Disadvantaged person. There are also a number of treatments available. Find out more information by visiting the NAICS website. If all of your business gross receipts for transactions apportioned to North Carolina were reported on Form E-500 or federal Form 1065, then you are ineligible to receive a grant in Phase 2. If you have not yet received a check or denial letter, please contact the Department at1-877-252-4983.

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