Form SFN28700 Schedule QEC Qualified Endowment Fund Tax Credit for Businesses and Fiduciaries - North Dakota

What Is Form SFN28700 Schedule QEC?

This is a legal form that was released by the North Dakota Office of State Tax Commissioner - a government authority operating within North Dakota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form SFN28700 Schedule QEC?A: Form SFN28700 Schedule QEC is a tax form used in North Dakota to claim the Qualified Endowment Fund Tax Credit for Businesses and Fiduciaries.

Q: Who is eligible to use Form SFN28700 Schedule QEC?A: Businesses and fiduciaries in North Dakota who have made contributions to qualified endowment funds are eligible to use Form SFN28700 Schedule QEC.

Q: What is the purpose of the Qualified Endowment Fund Tax Credit?A: The Qualified Endowment Fund Tax Credit encourages businesses and fiduciaries in North Dakota to contribute to qualified endowment funds by providing them with a tax credit.

Q: What information is required to complete Form SFN28700 Schedule QEC?A: To complete Form SFN28700 Schedule QEC, you will need information about your qualified endowment fund contributions, including the name of the fund, the amount contributed, and the tax year in which the contribution was made.

Q: Are there any deadlines for filing Form SFN28700 Schedule QEC?A: Yes, Form SFN28700 Schedule QEC must be filed on or before the 15th day of the fourth month following the close of the taxpayer's tax year.

Q: Is there a limit to the amount of tax credit that can be claimed using Form SFN28700 Schedule QEC?A: Yes, the maximum amount of tax credit that can be claimed using Form SFN28700 Schedule QEC is $10,000 per taxpayer.