Instructions for Form E-500 Sales and Use Tax Return - North Carolina

Form E-500 Sales and Use Tax Return - North Carolina

This document contains official instructions for Form E-500 , Sales and Use Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-500 is available for download through this link.

FAQ

Q: What is Form E-500?
A: Form E-500 is the Sales and Use Tax Return for North Carolina.

Q: Who needs to file Form E-500?
A: Anyone engaged in retail or wholesale sales, leases, or rental of tangible personal property or digital property in North Carolina must file Form E-500.

Q: How often should Form E-500 be filed?
A: Form E-500 is generally filed on a monthly basis. However, if the total amount of tax due in a calendar quarter is less than $100, the return can be filed on a quarterly basis.

Q: What information is required on Form E-500?
A: Form E-500 requires information such as total taxable sales, total nontaxable sales, and total tax collected.

Q: Are there any exemptions or deductions available?
A: Yes, there are certain exemptions and deductions available. These include exemptions for certain types of sales and deductions for certain business expenses.

Q: Is there a penalty for late filing or non-filing?
A: Yes, there are penalties for late filing or non-filing of Form E-500. The penalty amount varies depending on the length of the delay and the amount of tax due.