Nc 5 Fillable Form PDF Details

Understanding the NC-5 form is critical for employers in North Carolina who have the responsibility of withholding state income taxes from their employees' wages. Effective January 1, 2002, this form serves as a monthly or quarterly withholding return, depending on the amount withheld from wages each month. For those who hold back at least $250 but less than $2,000, the form must be filed and the taxes paid monthly, with deadlines set for the 15th day of the following month, except for December's return which is due by January 31. Conversely, for employers withholding less than $250 monthly, filing and payments switch to a quarterly cadence, with due dates at the end of the month following the quarter’s end. The form itself requires precise information such as the period covered, the employer's legal name, Account ID, and Federal Employer Identification Number (FEIN) or Social Security Number (SSN), with a strong emphasis on accuracy and completeness. Penalties are strictly imposed for failing to withhold, pay on time, or file the return, ranging from financial penalties to criminal repercussions for willful non-compliance. Interest accrues on late payments in accordance with rates set by the Secretary of Revenue. Furthermore, employers are urged to use caution in the physical preparation of the return—avoiding folding, stapling, taping, or using paperclips—and to make payments in U.S. currency to the N.C. Department of Revenue, demonstrating the level of detail and care required in compliance with North Carolina's tax withholding regulations.

QuestionAnswer
Form NameNc 5 Fillable Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesnc withholding form nc 5, nc5 online, nc 5, nc 5 online

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General Information

EffectiveJanuary1,2002,employerswhowithholdanaverageofatleast$250butlessthan$2,000fromwageseach month must file a withholding return (Form NC-5) and pay the withheld taxes on a monthly basis. All monthly returns and payments, except those for December, are due by the 15th day of the month following the month in which the tax was withheld. The return and payment for the month of December are due by January 31. Employers who withhold an average of less than $250 from wages each month must file Form NC-5 and pay the withheld taxes on a quarterly basis. All quarterly returns and payments are due by the last day of the month following the end of the calendar quarter.

Instructions for Form NC-5 Withholding Return

Indicate the period covered by the return in the blocks provided. Complete the legal name,Account ID, and Federal Employer Identification Number (FEIN) or Social Security Number (SSN). Use capital letters when entering legal name and address. Enter amounts in whole dollars only. Do not enter cents.

Line 1 - Tax withheld: Enter amount of North Carolina income tax required to be withheld.

Line 2 - Penalty: Apenalty of 10% of the amount required to be withheld is imposed for failure either to withhold or to pay when due. The penalty for failure to timely file a withholding return is 5% of the tax due per month (maximum 25%). In addition, criminal penalties are provided for willful failure to comply with the withholding statutes.

Line 3 - Interest: If payment is late, interest will accrue at the current rate set by the Secretary of Revenue. The Department’s website, www.dor.state.nc.us, lists the current interest rate.

Pleasedonotfold,staple,tape,orpaperclipthereturnorpayment.

Useblueorblackinktocompleteyourreturn.

MakecheckpayableinU.S.currencytoN.C.DepartmentofRevenue.

Cutreturnonlinebelowandmailitwithyourpaymenttotheaddressonthereturn.

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CutHere

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Withholding Return

Period Beginning (MM-DD-YY)

Period Ending (MM-DD-YY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NorthCarolinaDepartmentofRevenue

Thisreportmustbereturnedevenif notaxhasbeenwithheld.

 

AccountID

 

FEINorSSN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USECAPITALLETTERSFORYOURNAMEANDADDRESS

LegalName(First23Characters)

Street Address

City

 

 

 

 

State

 

ZipCode(5 Digit)

 

 

 

 

 

 

 

 

Signature:

Date:

 

 

 

 

 

 

 

 

 

 

 

 

Icertifythat,tothebestofmyknowledge,thisreturnisaccurateandcomplete.

 

 

Title:

Phone:(

)

 

 

 

 

 

MAIL TO: P.O.Box25000,Raleigh,NC27640-0615

1.TaxWithheld

2.Penalty

3.Interest

4.TotalDue

(Add Lines 1, 2, and 3)

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$

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, ,.00

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NC-5

1-02 Web

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