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The document is a Partnership Income Tax Return form for the calendar year 2017, detailing the necessary information and computations required for partnerships operating in North Carolina. It includes sections for reporting total income or loss, guaranteed payments to partners, deductions, and tax due for nonresident partners. The form also outlines apportionment percentages and provides instructions for completing various parts related to income classification and partner shares.

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What is the standard deduction for 2017?

For tax year 2017, the IRS increased the value of some different tax benefits, while leaving some the same as last year: personal and dependent exemptions remain $4,050. the Standard Deduction rises to $6,350 for Single, $9,350 for Head of Household, and $12,700 for Married Filing Jointly.

What is d-403 nc npa?

Nonresident Partners Affirmation (Fill in the applicable circle) General Instructions. In general, a partnership that has one or more nonresident partners is required to pay tax on behalf of the nonresident partner.

Who must file a North Carolina partnership tax return?

- Every partnership doing business in North Carolina must file a partnership income tax return, Form D-403, for the taxable year if a federal partnership return was required to be filed.

Where to file NC D-403?

If you prefer physical submission, mail your completed form to the N.C. Department of Revenue, P.O. Box 25000, Raleigh, NC 27640-0001. Remember to include any required attachments and documentation to avoid delays. For tax year 2024, partnerships must file on or before April 15, 2025.

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