Instructions for Form E-555 Boat and Aircraft Use Tax Return - North Carolina

Instructions for Form E-555 Boat and Aircraft Use Tax Return - North Carolina

This document contains official instructions for Form E-555 , Boat and Aircraft Use Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-555 is available for download through this link.

FAQ

Q: What is Form E-555?A: Form E-555 is the Boat and Aircraft Use Tax Return for North Carolina.

Q: Who needs to file Form E-555?A: Anyone who purchases a boat or aircraft and registers it in North Carolina must file Form E-555.

Q: What is the purpose of Form E-555?A: Form E-555 is used to report and pay the use tax on boats and aircraft purchased out-of-state and brought into North Carolina.

Q: When is Form E-555 due?A: Form E-555 is due on or before the 20th day of the month following the purchase of the boat or aircraft.

Q: What information is required on Form E-555?A: Form E-555 requires information such as the purchase price, date of purchase, and details of the boat or aircraft.

Q: Are there any exemptions or deductions available on Form E-555?A: Yes, there are certain exemptions and deductions available for specific situations. Consult the instructions and guidelines provided with the form for more information.

Q: What happens if I don't file Form E-555?A: Failure to file Form E-555 and pay the required use tax may result in penalties and interest being assessed by the North Carolina Department of Revenue.

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Instruction Details:

  • This 1-page document is available for download in PDF;
  • Actual and applicable for the current year;
  • Complete, printable, and free.

Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the North Carolina Department of Revenue.

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