Form Cd 401S PDF Details

In today’s intricate tax environment, understanding specific forms and their requirements is crucial for businesses, including the nuances of the CD-401S S-Corporation Tax Return form required in North Carolina for the calendar year 2020, or for any other tax year beginning and ending in specific periods. This form, delineated by the North Carolina Department of Revenue, serves as a vital document for S-corps, encompassing various sections such as the legal name, federal employer ID number, and pertinent financial data. It underscores the importance of correct ink use—blue or black—while prohibiting the use of red ink, dollar signs, commas, or other punctuation marks, ensuring a standardized method for all submissions. Additionally, the form mandates the submission of original documents without selecting the double-sided printing option and setting the page scaling to "none," to maintain the clarity and integrity of the information provided. The form navigates through a meticulous computation of franchise tax and corporate income tax, delineating specifics like net worth, investment in North Carolina's tangible property, appraised value of such property, and establishing the tax payable or refundable amounts. This includes a calculation of the shareholders’ shares of corporation income (loss) and adjustments thereto, providing a comprehensive framework for S-Corporations to accurately report their earnings and taxable income within North Carolina. This detailed exploration into the CD-401S form highlights not only its structural components but also emphasizes the procedural guidelines critical for compliance, thus serving as a crucial tool for S-Corporations in navigating their state tax obligations.

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Form NameForm Cd 401S
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Avg. time to fill out2 min
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Instructions

For Handwritten

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NCD(i)R

Before Sending

I NORTH CAROLINA DEPARTMENT OF REVENUE

Do not use red ink. Use blue or black ink.

®

Do not use dollar signs, commas, or other punctuation

marks.

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Printing

Set page scaling to

"none." The Auto-Rotate and Center checkbox should be unchecked.

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ocopies of returns. Submit originals only.

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Do not mix form types.

Do not select "print on bothc;sides of paper."

;1

Web 7-20

CD-401S

S-Corporation Tax Return 2020

 

For calendar year 2020, or

 

 

 

 

 

 

 

 

 

 

 

and ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

other tax year beginning (MM-DD)

 

 

 

 

 

 

 

2 0

 

(MM-DD-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Only

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Name (First 35 Characters)(USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS)

 

 

 

 

 

 

 

 

 

 

 

Federal Employer ID Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secretary of State ID

 

NAICS Code

 

City

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

Zip Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fill in all

Initial Return

 

NC-Rehab is attached

Has Nonresident Shareholders

 

 

Gross Receipts / Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Final Return

 

NC-478 is attached

Has Escheatable Property

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

.00

 

 

applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

circles:

Short Year Return

 

Amended Return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Qualified Subchapter S Subsidiary

Type of S-Corporation (select one, if applicable)

 

 

 

 

 

 

 

 

 

 

Total Assets per Balance Sheet

 

 

 

 

 

 

 

 

Parent of a Qualified Subchapter S Subsidiary

 

 

 

Qualified Subchapter S Subsidiary

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

 

 

.00

 

 

(If either circle above is filled in, see Schedule F, Line 7 to provide additional information.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Extension Were you granted an automatic extension to file your 2020 federal income tax return (Form 1120S)?

 

 

 

 

 

 

 

Yes

 

 

 

No

A Computation of Franchise Tax

B Computation of Corporate Income Tax

1. Net Worth

 

Holding

1.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule C, Line 9)

 

Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Investment in N.C. Tangible Property

Exception

 

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(See instructions)

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule D, Line 8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Appraised Value of N.C. Tangible Property

 

3.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule E, Line 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Taxable Amount

 

 

4.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Line 1, 2, or 3, whichever is greatest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5. Total Franchise Tax Due

 

 

5.

 

 

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If Line 4 ≤ $1,000,000, the minimum tax due of $200 is applicable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If Line 4 > $1,000,000, multiply the amount over $1,000,000 by .0015 and add $200.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6. Payment with Franchise Tax Extension (From Form CD-419, Line 9)

6.

 

 

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

When filing an amended return see instructions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. Tax Credits (From Form CD-425, Part 2, Line 14)

 

7.

 

 

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

If a tax credit is taken on Line 7, Form CD-425 MUST be attached.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8. Franchise Tax Due - If the sum of Line 6 plus 7 is

 

8.

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

less than Line 5, enter difference here and on Page 2, Line 26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9. Franchise Tax Overpaid - If the sum of Line 6 plus 7 is

 

9.

 

 

 

 

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

more than Line 5, enter difference here and on Page 2, Line 26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. Shareholders’ Shares of Corporation Income (Loss)

10.

 

,

 

 

,

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule H, Line 11 or Federal Schedule K, Lines 1-10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11. Adjustments to Corporation Income (Loss)

 

11.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule I, Line 3)

If amount on Line 10-14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12. N.C. Taxable Income

 

12.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

or 16-19 is negative, fill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add Lines 10 and 11

in circle.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13. Nonapportionable Income

Example:

 

13.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule N, Line 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14. Apportionable Income

 

 

14.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

Line 12 minus Line 13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15. Apportionment Factor - Enter to four decimal places

 

15.

 

 

 

 

 

 

 

 

 

 

 

.

 

 

 

 

 

 

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule O, Part 1; Part 2 - Line 9; or Part 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

16. Income Apportioned to N.C.

 

 

16.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

Multiply Line 14 by factor on Line 15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17. Nonapportionable Income Allocated to N.C.

 

17.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

(From Schedule N, Line 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18. Total Net Taxable Income - Add Lines 16 and 17

 

18.

 

 

,

 

 

 

 

,

 

 

 

 

 

 

,

 

 

 

 

.00

(Composite filers complete Lines 19 - 23; all others skip to Line 22)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19. Amount of Line 18 Attributable to

 

19.

 

 

,

 

 

 

,

 

 

 

 

 

 

,

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonresidents Filing Composite

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20. Separately Stated Items of Income Attributable to

 

 

 

 

,

 

 

 

,

 

 

 

 

 

 

,

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonresidents Filing Composite (See instructions)

 

20.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 2

 

 

 

CD-401S

 

 

 

Web

 

Legal Name

7-20

 

 

 

 

 

 

 

 

21. North Carolina Income Tax - Add Lines 19 and 20;

 

 

 

multiply the sum by 5.25% (.0525)

 

 

22. Payments and Credits

 

 

 

When filing an amended return, see instructions.

Tax

 

 

a. Income Tax Extension

 

 

(From Form CD-419, Line 10)

Income

 

 

b. Other Prepayments of Tax

 

 

 

 

 

 

 

Corporate

 

On Lines 22c through 22e, enter only the amounts attributable

 

 

 

 

to nonresidents filing composite.

 

 

 

 

 

c. Partnership (If a partnership payment is

 

 

 

taken on Line 22c, a copy of Form D-403

 

 

 

NC K-1 MUST be attached.)

of

 

 

d. Nonresident Withholding

 

 

(Include copy of 1099 or W-2)

Computation

 

 

 

 

e. Tax Credits (From Form CD-425, Part 4, Line 30)

 

 

 

 

 

 

If a tax credit is taken on Line 22e, Form CD-425

 

 

 

MUST be attached.

 

 

 

 

 

 

 

23. Add Lines 22a through 22e

B

 

24. Income Tax Due - If Line 23 is less than Line 21,

 

 

 

enter difference here and on Line 27

 

 

25. Income Tax Overpaid - If Line 23 is more than

 

 

 

Line 21, enter difference here and on Line 27

 

 

 

 

 

FEIN

21. ,,,.00

22a.

 

 

 

,

 

,

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22b.

 

 

,

 

,

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22c. ,,.00

22d.

 

 

 

,

 

,

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22e.

 

 

,

 

,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23.,,.00

24.$ ,,.00

25. ,,.00

Tax Due or Refund

26.

Franchise Tax Due or Overpayment

 

 

26.

 

(From Schedule A, Line 8 or 9)

If amount on Line 26-28

 

 

 

 

 

is an overpayment

 

27.

Income Tax Due or Overpayment

 

fill in circle.

27.

 

(From Schedule B, Line 24 or 25)

 

Example:

 

 

 

28.

Balance of Tax Due or Overpayment

 

 

28.

 

Add (or subtract) Lines 26 and 27

 

 

 

29.

a. Interest

 

29a.

 

b. Penalties

 

29b.

 

c. Add Lines 29a and 29b and enter the total on Line 29c

29c.

30. Total Due - Add Lines 28 and 29c and enter result here, but

Pay in U.S. Currency

30.

 

not less than zero. If less than zero, enter amount on Line 31.

From a Domestic Bank

 

Pay your tax online. See instructions.

 

 

 

31.

Amount to be Refunded

 

 

31.

,,.00

,,.00

,,.00

,,.00

,,.00

,,.00

,,.00 ,,.00

I declare and certify that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete.

Corporate Phone Number

(Include area code)

Signature and Title of Officer:

Date

PAID PREPARER USE ONLY

Check here if you authorize the North Carolina Department of Revenue to discuss this return and attachments with the paid preparer below.

If prepared by a person other than taxpayer, this certification is based on all

 

 

Preparer’s FEIN, SSN, or PTIN

 

Preparer’s Contact Phone Number (Include area code)

information of which the preparer has any knowledge.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fill in applicable circle:

FEIN

 

 

 

SSN

PTIN

 

Signature of Paid Preparer:

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MAIL TO: N.C. Dept. of Revenue, P.O. Box 25000, Raleigh, N.C. 27640-0500. Returns are due by the 15th day of the 4th month after the end of the income year.

Page 3, CD-401S Web, 7-20

Legal Name

 

FEIN

CNet Worth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Total assets (See instructions for definition)

1.

 

 

 

 

 

 

.00

 

2.

Total liabilities

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

3.

Line 1 minus Line 2

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

4.

Accumulated depreciation, depletion, and amortization permitted for income tax purposes

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

(Attach Schedule)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Line 3 minus Line 4

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

6.

Affiliated indebtedness (Attach schedule)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

 

6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Line 5 plus (or minus) Line 6

7.

 

 

 

 

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

.

 

 

 

 

 

 

 

.

 

8. Apportionment factor (From Schedule O, Part 1; Part 2 - Line 9; or Part 3)

8.

 

 

 

 

 

 

 

 

 

 

 

 

%

 

9. Net Worth

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multiply Line 7 by factor on Line 8 and enter result here and on Schedule A, Line 1.

9.

 

 

 

 

 

 

.00

 

 

If amount on Line 9 is less than zero, enter zero on Schedule A, Line 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DInvestment in N.C. Tangible Property

 

Total value of inventories located in N.C.

Inventory valuation method:

1.

 

.00

 

1.

FIFO

Lower of cost or market Other

 

 

 

 

 

 

 

 

 

.00

 

 

 

 

(LIFO valuation not permitted)

 

 

2. Total value of furniture, fixtures, and machinery and equipment located in N.C.

2.

 

3.

Total value of land and buildings located in N.C.

 

 

 

3.

 

.00

 

4.

Total value of leasehold improvements and other tangible property located in N.C.

4.

 

.00

 

 

Add Lines 1 through 4 and enter total

 

 

 

 

5.

.

 

5.

 

 

 

 

 

00

 

6.

Accumulated depreciation, depletion, and amortization with respect to N.C. tangible property

 

.

 

 

 

 

 

 

 

6.

 

 

 

7.

Debts existing for the purchase or improvement of N.C. real estate

 

.

 

 

 

 

 

 

 

7.

 

 

 

 

 

 

 

 

 

 

 

 

 

8. Investment in N.C. Tangible Property

 

 

 

 

8.

.00

 

 

Line 5 minus Lines 6 and 7; enter amount here and on Schedule A, Line 2

 

 

 

 

 

 

 

 

 

 

 

E Appraised Value of N.C. Tangible Property

1. Total appraised value of all N.C. tangible property, including motor vehicles

 

1.

 

.00

 

(If tax year ends December 31, 2019 through September 30, 2020, enter the appraised county tax value

 

 

 

of all real and tangible property located in N.C. as of January 1, 2019, including any motor vehicles

 

 

 

 

 

 

 

assessed during the tax year. Otherwise, enter value as of January 1, 2020.)

 

 

 

 

 

 

2. Appraised Value of N.C. Tangible Property

 

 

2.

.00

 

Multiply Line 1 by 55%; enter here and on Schedule A, Line 3

 

 

 

F Other Information - All Taxpayers Must Complete this Schedule

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. State of incorporation

 

Date incorporated

 

 

 

 

 

2.Date Certificate of Authority was obtained from N.C. Secretary of State

3. Regular or principal trade or business in N.C.

 

Everywhere

4.Principal place from which business is directed or managed

5.What was the last year the IRS redetermined the corporation’s federal taxable income?

Were the adjustments reported to N.C.?

Yes

No

If so, when?

6.Is this corporation subject to franchise tax but not N.C. income tax because the corporation’s income tax activities are protected

under P.L. 86-272? Yes (Attach detailed explanation) No

7.If corporation is a Qualified Subchapter S Subsidiary, enter parent’s name and FEIN below, and attach a schedule of affiliates.

Parent Name

 

FEIN

If corporation is the Parent of a Qualified Subchapter S Subsidiary, attach a schedule of affiliates.

Page 4, CD-401S Web, 7-20

Legal Name

GOrdinary Income (Loss) from Trade or Business Activities

(Complete this schedule only if you do not attach a copy of your federal income tax return.)

1. a. Gross receipts or sales

.00

 

b. Returns and allowances

 

 

.00

 

 

 

 

c. Balance (Line 1a minus Line 1b)

 

 

.00

 

 

 

.

2.

Cost of goods sold (Attach schedule)

 

00

3.

Gross profit (Line 1c minus Line 2)

.00

4.

Net gain (loss) (Attach schedule)

 

 

.00

5.

Other income (loss) (Attach schedule)

 

 

.00

6.

Total Income (Loss)

 

 

.00

 

Add Lines 3 through 5

 

 

 

 

 

 

 

 

7.

Compensation of officers

 

.00

 

(Attach schedule, including addresses)

 

 

 

8.

Salaries and wages

 

.00

 

(Less employment credits)

 

9.

Repairs and maintenance

 

.00

10.

Bad debts

.00

11.

Rents

 

.00

12.

Taxes and licenses

 

 

.00

13.

Interest

 

 

.00

14.a. Depreciation

 

b. Depreciation included

 

 

 

 

 

in cost of goods sold

 

 

 

.00

 

 

c. Balance (Line 14a minus 14b)

 

 

 

15.

Depletion

 

 

.00

 

16.

Advertising

 

 

.00

 

 

 

 

17.

Pension, profit-sharing,

.00

 

 

 

 

 

 

and similar plans

 

 

.00

 

18.

Employee benefit programs

 

 

 

19.

Other deductions (Attach schedule)

 

 

.00

 

20.

Total Deductions

 

 

.00

 

 

Add the amounts shown in the far

 

 

 

 

right column for Lines 7 through 19

 

 

 

 

 

 

 

 

 

 

21.

Ordinary Business Income (Loss)

 

 

 

 

 

Line 6 minus Line 20; enter amount

 

.00

 

 

here and on Schedule H, Line 1

 

 

FEIN

H Computation of Income (Loss)

1.

Ordinary business income (loss)

 

 

 

 

.00

 

2.

Net rental real estate income (loss)

 

 

 

 

.00

 

3.

Other net rental income (loss)

 

 

 

 

.00

 

4.

Interest income

 

 

.00

 

 

 

 

 

 

 

 

 

5.

Ordinary dividends

 

 

 

 

.00

 

 

 

 

 

 

 

6.

Royalties (Attach Schedule)

 

 

 

 

.00

 

 

 

 

 

 

 

7.

Net short-term capital gain (loss)

 

 

 

 

.00

 

8.

Net long-term capital gain (loss)

 

 

 

 

.00

 

9.

Net section 1231 gain (loss)

 

 

 

 

 

.00

 

10.

Other income (loss) (Attach schedule)

 

 

 

 

.00

 

11.

Total Income (Loss)

 

 

 

 

 

 

 

 

 

 

.00

 

 

Add Lines 1 through 10 and enter amount

 

 

 

 

here and on Schedule B, Line 10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I

Adjustments to Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Additions

to Federal Adjusted

 

 

 

 

 

 

 

 

 

Gross Income (Loss): (See Form

 

 

 

 

 

 

.00

 

 

D-400 Income Tax instructions before

 

 

 

 

 

 

 

 

completing Line 1) (Attach schedule)

 

 

 

 

 

 

 

 

 

2.

Deductions from Federal Adjusted

 

 

 

 

 

 

 

 

 

Gross Income (Loss): (See Form

 

 

 

.00

 

 

D-400 Income Tax instructions before

 

 

 

 

 

completing Line 2) (Attach schedule)

 

 

 

 

 

 

 

 

 

3.

Adjustments to Income (Loss)

 

 

 

 

 

 

 

 

 

Line 1 minus Line 2; enter result here

 

 

.00

 

 

and on Schedule B, Line 11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JExplanation of Changes for Amended Return

Page 5, CD-401S Web, 7-20

Legal Name

 

FEIN

K Shareholders’ Pro Rata Share Items

 

Shareholder 1

 

Shareholder 2

 

Shareholders’ Total

 

 

 

 

 

 

1. Identifying Number

2.Name

3.a. Address

b. Is shareholder a nonresident?

Yes

No

Yes

No

4.

Percentage of ownership

 

 

 

 

 

 

.

 

 

 

 

 

%

 

 

 

 

 

.

 

 

 

 

 

%

 

 

.

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Share of income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule H, Line 11)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Additions to income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(From Schedule I, Line 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Deductions from income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

(From Schedule I, Line 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income subject to N.C. tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add (subtract) Lines 5, 6, and 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

Share of tax credits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(See instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Share of tax withheld from

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

nonwage compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

Amount of Line 8 apportioned or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

allocated to N.C. (nonresidents only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

Separately stated items of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

income (nonresidents only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

Net tax paid for shareholder by

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

corporation (nonresidents only)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

Is the corporation filing a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonresident Shareholder

 

 

 

 

Yes

No

 

 

 

 

Yes

No

 

 

 

 

 

 

Agreement, Form NC-NA, for

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

this shareholder with this return?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.

Has the corporation filed a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonresident Shareholder

 

 

 

 

Yes

No

 

 

 

 

Yes

No

 

 

 

 

 

 

Agreement, Form NC-NA, for

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

this shareholder in a previous

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

tax year?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If yes, what tax year?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Enter tax year end date)

 

 

 

 

 

(MM-DD-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

(MM-DD-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Attach additional pages if needed)

Page 6,

L Balance Sheet per Books

M-1 Federal Schedule

N.C. AAA

M-2 Analysis of

CD-401S Web, 7-20

Legal Name

 

 

 

 

 

 

 

FEIN

 

 

 

 

 

 

Assets

 

 

Beginning of Tax Year

 

 

 

End of Tax Year

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

a. Trade notes and accounts receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Less allowance for bad debts

(

)

 

 

(

)

 

 

 

 

3.Inventories

4.a. U.S. government obligations b. State and other obligations

5.Tax-exempt securities

6.Other current assets (Attach end of year schedule)

7.Loans to shareholders

8.Mortgage and real estate loans

9.Other investments (Attach end of year schedule)

10.

a. Buildings and other depreciable assets

 

 

 

 

 

 

 

 

 

 

b. Less accumulated depreciation

 

(

)

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

11.

a. Depletable assets

 

 

 

 

 

 

 

 

 

 

b. Less accumulated depletion

(

)

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

12.

Land (net of any amortization)

 

 

 

 

 

 

 

 

13.

a. Intangible assets (amortizable only)

 

 

 

 

 

 

 

 

 

 

b. Less accumulated amortization

(

)

 

 

 

(

)

 

14.

Other assets (Attach end of year schedule)

 

 

 

 

 

 

 

 

15.Total Assets

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

 

16.

Accounts payable

 

 

 

 

 

 

 

17.

Mortgages, notes, and bonds payable

 

 

 

 

 

 

 

 

in less than 1 year

 

 

 

 

 

 

 

 

18.

Other current liabilities (Attach end of year schedule)

 

 

 

 

 

 

 

19.

Loans from shareholders

 

 

 

 

 

 

 

20.

Mortgages, notes, and bonds payable

 

 

 

 

 

 

 

 

in 1 year or more

 

 

 

 

 

 

 

21.

Other liabilities (Attach end of year schedule)

 

 

 

 

 

 

 

22.

Capital stock

 

 

 

 

 

 

 

23.

Additional paid-in capital

 

 

 

 

 

 

 

24.

Retained earnings

 

 

 

 

 

 

 

25.

Adjustments to shareholders’ equity

 

 

 

 

 

 

 

 

(Attach end of year schedule)

 

 

 

 

 

 

 

26.

Less cost of treasury stock

(

)

 

(

)

27.Total Liabilities and Shareholders’ Equity

1.

 

Net income (loss) per books

5.

Income recorded on books this year not

 

 

2.

Income included on Federal Schedule K,

 

 

 

 

 

 

included on Federal Schedule K, Lines 1

 

 

 

 

 

 

 

 

through 10 (itemize):

 

 

 

 

 

 

 

Lines 1, 2, 3c, 4, 5a, 6, 7, 8a, 9 and 10 not

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax-exempt interest $

 

 

 

 

 

 

 

recorded on books this year (itemize):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

Expenses recorded on books this year

6.

Deductions included on Federal Schedule

 

 

 

 

not included on Federal Schedule K, Lines 1

 

 

 

 

 

 

K, Lines 1 through 12, and 14l not charged

 

 

 

 

through 12, and 14l (itemize):

 

 

 

 

 

 

against book income this year (itemize):

 

 

 

 

a. Depreciation $

 

 

 

 

 

 

Depreciation $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Travel and entertainment $

7.

Add Lines 5 and 6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

Income (Loss) (Federal Schedule K,

 

 

 

 

 

 

 

 

 

 

4.

Add Lines 1 through 3

 

 

 

 

 

 

Line 18) Line 4 minus Line 7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

N.C. Accumulated Adjustments

 

 

N.C. Other Adjustments

 

Undistributed income previously taxed

 

1. Balance at beginning of year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

Ordinary income from Schedule G, Line 21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.Other additions

4.

Loss from Schedule G, Line 21

(

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Other reductions

(

)

 

(

)

6.Combine Lines 1 through 5

7.Distributions other than dividend distributions

8.Balance at end of tax year (Line 6 minus Line 7)

Page 7, CD-401S Web, 7-20

Legal Name

 

FEIN

N Nonapportionable Income

Complete this schedule if you have income classified as nonapportionable income. See the instructions for an explanation of what is apportionable income and what is nonapportionable income.

 

(A) Nonapportionable Income

 

(B) Gross

 

(C) Related

 

(D) Net Amounts

(E) Net Amounts Allocated

 

 

 

Amounts

 

Expenses*

(Column B minus Column C)

 

Directly to N.C.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Nonapportionable Income (Enter the total of Column D here and on Schedule B, Line 13)

.00

 

 

 

 

 

 

2.

Nonapportionable Income Allocated to N.C. (Enter the total of Column E here

 

 

 

 

 

.00

 

and on Schedule B, Line 17)

 

 

Explanation of why income listed in chart is nonapportionable income rather than apportionable income:

(Attach additional sheets if necessary)

*For an acceptable means of computing related expenses, see 17 N.C.A.C. 5C .0304.

Part 1.

Domestic and Other Corporations Not Apportioning Franchise or Income Outside N.C.

100.0000

%

 

 

Enter 100% on Schedule B, Line 15 and Schedule C, Line 8

 

 

 

 

 

 

 

Computation of Apportionment Factor

Part 2. Corporations Apportioning Franchise or Income to N.C. and to Other States

Note: Apportionment factors must be calculated 4 places to the right of the decimal.

Example:

 

 

 

 

 

 

1. Within North Carolina

1.Gross Receipts Subject to Apportionment

2.Gross Rents Subject to Apportionment

3.Gross Royalties Subject to Apportionment

4.Dividends Subject to Apportionment

5.Interest Subject to Apportionment

6.Other Apportionable Income

7.Share of Receipts from Noncorporate Entities Subject to Apportionment

8. Total (Add Lines 1 through 7 for each column)

9.N.C. Apportionment Factor

(Divide Line 8 Column 1 by Line 8 Column 2; enter the factor here, on Schedule B, Line 15, and Schedule C, Line 8. See instructions and G.S. 105-130.4 for more information.)

99.9999 %

2. Total Everywhere

%

O

Part 3.

Special Apportionment Formulas

 

Special apportionment formulas apply to certain types of corporations such as banks, wholesale

 

 

content distributors, electric power companies, air transportation companies, water transportation

 

 

 

 

companies, pipeline companies, and railroad companies. If you use a special apportionment

%

 

formula, enter the computed apportionment factor here, on Schedule B, Line 15, and on Schedule

 

 

 

 

C, Line 8. Attach a schedule to support the special apportionment calculation. (See instructions and

 

G.S. 105 -130.4, 130.4A, and 130.4B for more information.)