Instructions for Form CD-405 C-Corporation Tax Return - North Carolina

Form CD-405 C-Corporation Tax Return - North Carolina

This document contains official instructions for Form CD-405 , C-Corporation Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form CD-405 is available for download through this link.

FAQ

Q: What is Form CD-405?
A: Form CD-405 is the C-Corporation Tax Return used in North Carolina.

Q: Who uses Form CD-405?
A: C-Corporations in North Carolina use Form CD-405.

Q: What is the purpose of Form CD-405?
A: The purpose of Form CD-405 is to report the income, deductions, and credits of a C-Corporation for tax purposes in North Carolina.

Q: When is Form CD-405 due?
A: Form CD-405 is typically due on the 15th day of the fourth month following the end of the corporation's tax year.

Q: Are there any extensions available for filing Form CD-405?
A: Yes, extensions are available if you need more time to file Form CD-405, but you must submit the extension request by the original due date of the return.

Q: What attachments are required to be filed with Form CD-405?
A: The specific attachments required with Form CD-405 will depend on the corporation's financial activities and may include schedules, statements, and supporting documentation.

Q: Can Form CD-405 be filed electronically?
A: Yes, Form CD-405 can be filed electronically using the North Carolina Department of Revenue's eFile system.

Q: What are the consequences of not filing Form CD-405?
A: Failure to file Form CD-405 or filing it late may result in penalties and interest charges.

Q: Is there a penalty for underpayment of tax on Form CD-405?
A: Yes, there may be a penalty for underpayment of tax if the corporation did not pay enough tax throughout the year or make sufficient estimated tax payments.