Form CD-429 Corporate Estimated Income Tax - North Carolina

What Is Form CD-429?

This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CD-429?A: Form CD-429 is the Corporate Estimated Income Tax form for North Carolina.

Q: Who needs to file Form CD-429?A: Corporations in North Carolina that expect to owe more than $500 in income tax for the year need to file Form CD-429.

Q: What is the purpose of Form CD-429?A: Form CD-429 is used to report and pay estimated income tax for corporations in North Carolina.

Q: When is Form CD-429 due?A: Form CD-429 is due on the 15th day of the fourth, sixth, ninth, and twelfth months of the corporation's fiscal year.

Q: Are there any penalties for not filing Form CD-429?A: Yes, there are penalties for failure to file or underpayment of estimated income tax. It is important to file Form CD-429 on time to avoid penalties.

Q: Is there a separate form for individual estimated income tax?A: Yes, individuals in North Carolina should use Form NC-40 for their estimated income tax payments.

Q: What if I overpay my estimated income tax?A: If you overpay your estimated income tax, you can either request a refund or apply the overpayment to your next estimated tax payment.

Q: Is Form CD-429 the only tax form I need to file as a corporation in North Carolina?A: No, in addition to Form CD-429, corporations in North Carolina also need to file their annual income tax return using Form CD-405.