Home Tax Form NC-5Q Quarterly Income Tax Withholding Return

Form NC-5Q Quarterly Income Tax Withholding Return

 

INSTRUCTIONS: NORTH CAROLINA QUARTERLY INCOME TAX WITHHOLDING RETURN (Form NC-5Q)

 

 

North Carolina businesses who withhold income tax withheld from worker wages on a semiweekly basis use a state form NC-5Q to document taxes that will be withheld on a quarterly basis. This document can be obtained from the website maintained by the North Carolina Department of Revenue.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 1: In the first box, enter your account number.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 2: In the second box, enter the date the quarter ended.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 3: In the third box, enter your business name in capital letters.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 4: In the next two boxes, enter your complete street address in capital letters.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 5: In the sixth box, enter your city.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 6: In the seventh box, enter your state.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 7: In the eighth box, enter your zip code.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 8: Skip to the second page. At the top, enter the legal name of your business and its account ID.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 9: In Section I, enter the tax which is required to be withheld for the first quarter individually. Enter the total tax owed for the first month at the bottom of the table.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 10: Provide the same information for the second month of the quarter in Section II and for the third month of the quarter in Section III.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 11: Total the sums from the first three sections and enter the total on Line IV.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 12: Transfer Line IV to line 1 on the first page.

 

North Carolina Quarterly Income Tax Withholding Return NC-5Q Step 13: Enter the total payments to the state for the quarter on line 2. If line 1 is greater than line 2, subtract and enter the underpayment on line 3. If line 2 is greater than line 1, enter the amount of the refund owed on line 4. 

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