Cd 419 Form PDF Details

Navigating the complexities of corporate and franchise tax obligations can be a daunting task for businesses operating in North Carolina. The CD-419 form, a critical document for any corporation in this state, facilitates an extension of time to file either the North Carolina C Corporation Tax Return (CD-405) or S Corporation Tax Return (CD-401S). This form must be submitted by the original due date of the corporate tax return to qualify for a six-month extension, providing businesses with additional time to prepare their financial disclosures accurately. However, it's vital to understand that this extension pertains only to the filing of the return and not to the payment of the tax due. The North Carolina Department of Revenue mandates that all taxes owed are paid by the original due date to avoid interest and penalties, underscoring the importance of timely compliance. Unlike some jurisdictions that allow the federal extension to suffice, North Carolina requires the submission of Form CD-419. Additionally, corporations have the choice to file their Annual Report, Form CD-479, either in paper alongside the Department of Revenue or electronically with the Secretary of State. In cases where the Annual Report is filed with the Department of Revenue, the associated fee is to be included with the expected income tax liability. This form includes detailed instructions for computing taxes due with the application for extension, further emphasizing the state's structured approach to tax administration. The necessity for detailed financial and organizational information highlights the importance of careful preparation in adhering to North Carolina's tax laws.

QuestionAnswer
Form NameCd 419 Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescd 419, pdf fillable cd 419, nc cd 419 fillable form, fill in cd 419

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CD-419Application for Extension

Web

Franchise and Corporate Income Tax

10-13

North Carolina Department of Revenue

 

GENERAl INsTRuCTIONs

North Carolina law provides for an extension of time to file a North Carolina C Corporation Tax Return (CD-405) or S Corporation Tax Return (CD-401S).

To obtain an extension, a taxpayer must complete this application and ile the completed form by the original due date of the corporate tax return. When timely iled, Form CD-419 extends the due date of the return by 6 months. An extension of time to ile the return does not extend the time to

pay the amount of tax due. If you do not pay the full amount of tax due by the original due date of the return, interest and penalties will be assessed. North

Carolina does not accept the federal extension in lieu of Form CD-419. (Note: For North Carolina tax purposes, an income year that ends on any day other than the last day of the month is considered to end on the last day of the month nearest to the last day of the actual income year.)

Corporations have the option of iling the Annual Report, Form CD-479, either in

paper form with the Department of Revenue or in electronic form online with the

Secretary of State. If the corporation elects to ile the Annual Report in paper form with the Department of Revenue, include the Annual Report fee with the corporation’s expected income tax liability. (See Part 1, Line 4.)

sPECIFIC INsTRuCTIONs

1.Complete Part 1, Computation of Tax Paid with Application for Extension, to determine the amount of tax to be paid with this application.

2.Complete Part 2, Application for Extension for Franchise and Corporate

Income Tax. Provide the following information in the space provided:

Fill in the applicable circle if the corporation is either a nonproit organization determined to be tax exempt for State income tax purposes but required to ile a return to report unrelated business income, a Non U.S./Foreign corporation whose federal statutory due date is the 15th day of the 7th month, a cooperative, or a mutual association. (Note: Nonproit organizations determined to be tax exempt, cooperatives, and mutual associations are not subject to franchise tax and should enter a zero on Part 1, Lines 1, 2, 3 and 9.)

Enter the beginning and ending dates of the tax year.

Enter the Federal Employer Identiication Number (FEIN) and the N.C. Secretary of State ID Number (SOS number).

Enter the legal name exactly as speciied in the Articles of Incorporation or Certiicate of Authority as registered with the N.C. Secretary of State.

Part 1. Computation of Tax Paid with Application for Extension

1.

Total Franchise Tax Due (Minimum $35.00)

 

.00

 

 

2.

Allowable Franchise Tax Credits (From Form CD-425)

.00

 

 

 

 

 

 

 

3.

Net Franchise Tax Due

.00

 

Line 1 minus Line 2

 

4.

Total Corporate Income Tax Due

 

.00

 

(Include Annual Report fee if iling Annual Report with the Department of Revenue)

 

 

 

 

 

5.

Estimated Income Tax Payments

 

.00

 

(Include any prior year’s overpayment applied to current tax year)

 

6.

Allowable Corporate Income Tax Credits (From Form CD-425)

.00

 

 

 

 

 

 

 

7.

Net Corporate Income Tax Due

 

.00

 

Line 4 minus Line 5 and Line 6

 

8.

Total Franchise and Corporate Income Tax Due with this Application

 

.00

 

 

Line 3 plus (or minus) Line 7

 

 

Is line 8 less than zero?

 

 

 

 

 

 

Yes

Franchise Tax and Corporate Income Tax are not due with this application.

 

 

IMPORTANT

 

Enter zero on Lines 9 and 10.

 

 

No

Franchise Tax, Corporate Income Tax, or both are due with this application.

 

 

 

 

 

 

 

If line 3 is greater than zero and line 7 is greater than zero, then BOTH Franchise Tax and Corporate

 

 

Income Tax are due.

 

 

 

 

Enter the amount from Line 3 on Line 9 and enter the amount from Line 7 on Line 10.

 

 

 

 

If line 3 is greater than zero but line 7 is less than zero, then Franchise Tax is due but NO Corporate

 

 

Income Tax is due.

 

 

 

 

Enter the amount from Line 8 on Line 9 and enter zero on Line 10.

 

 

If line 3 is less than zero and line 7 is greater than zero, then NO Franchise Tax is due but Corporate

Income Tax is due.

Enter zero on Line 9 and enter the amount on Line 8 on Line 10.

Part 2. Application for Extension for Franchise and Corporate Income Tax

Fill in circle if: (See speciic instructions above)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonproit/Tax Exempt

 

 

 

Non U.S./Foreign

 

 

 

 

 

 

Cooperative or Mutual Association

 

 

Beginning Tax Year (MM-DD-YY)

 

 

 

 

 

 

Ending Tax Year (MM-DD-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Employer ID Number

 

 

 

 

 

 

N.C. secretary of state ID Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

legal Name (First 35 Characters)

USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

state Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Franchise Tax

 

 

 

,

 

 

 

,

 

 

 

 

 

.00

 

Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Corporate

 

 

 

 

,

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

Income Tax

 

 

 

 

 

 

 

 

 

 

 

Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

,

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

Total Tax Paid with Application (Add Lines 9 and 10)

File and pay online at www.dornc.com Click on Electronic Services

Mail to: N.C. Department of Revenue, P.O. Box 25000, Raleigh, N.C. 27640-0520

If tax paid with this application, include a check or money order in U.S. currency from a domestic bank.

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