Nc5 form 2025

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  1. Click ‘Get Form’ to open the nc5 form in the editor.
  2. Indicate the period covered by the return in the designated blocks. Ensure you enter your legal name, Account ID, and either your FEIN or SSN using capital letters.
  3. For Line 1, enter the corrected North Carolina income tax that should be withheld. This is crucial for accurate reporting.
  4. In Line 2, input the tax withheld as originally reported or previously adjusted. This helps in comparing with your corrected amount.
  5. If Line 2 exceeds Line 1, subtract and enter the overpayment on Line 3. You will receive a refund if applicable.
  6. For Line 4, if Line 1 is greater than Line 2, calculate and enter any additional tax due.
  7. On Line 5, enter any accrued interest if additional tax is due. The interest rate can be found on the Department’s website.
  8. Finally, sum Lines 4 and 5 for your total amount due on Line 6. Review all entries for accuracy before finalizing.

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Quarterly Filers - 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.
An employee who is a resident of NC is subject to NC withholding on all of his wages, whether he works in NC or in another state. EXCEPTION: NC withholding is not required if the other state in which the employee works requires the employer to withhold income for that state.
Employers who withhold an average of at least $500 but less than $2,000 from wages each month must file a withholding return (Form NC-5) and pay the withheld taxes on a monthly basis.
The eNC5Q Application can be used by semi-weekly filers to file Form NC-5Q online. For the best user experience, please ensure you are using the most up-to-date version of your web browser and your internet upload speed exceeds 4kbps.
In case of failure to file any return on the date it is due, determined with regard to any extension of time for filing, the Secretary shall assess a penalty equal to five percent (5%) of the amount of the tax if the failure is for not more than one month, with an additional five percent (5%) for each additional
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Use Form NC-5X to amend a previously filed Withholding Return, Form NC-5. Indicate the period covered by the return in the blocks provided. Enter 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.
Form NC-5 is used to file and pay withholding tax on a monthly or quarterly basis, based on your filing frequency. Form NC-5 is filed throughout the year, before you file Form NC-3.

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