North carolina business tax returns online

#North carolina business tax returns online professional
#North carolina business tax returns online download

#North carolina business tax returns online download

If you do not have a current record of listing personal property and need to obtain the necessary form, you may download one here or obtain one from our office by request. Listing forms are mailed each December to owners who are already on record. Please contact our office if you have any further questions or refer to our Frequently Asked Questions section. If your business has been sold or is closed, North Carolina General Statute requires all taxpayers to give notice to the Tax Collector and Tax Assessor as billing is based on the January 1 owner of the property. If business personal property is not listed by the January 31 st cut-off date, a ten percent late listing penalty is assessed. The listing period always begins on the first business day in January and continues through the end of January. Taxpayers are responsible for acquiring the appropriate form for their initial listing you may print one here or contact the Tax AssessorвЂ™s Office to obtain one. In addition to being listed on the Business Personal Property listing form, business personal property must be described on an itemized list to be submitted with the listing form to ensure proper asset depreciation. Taxpayers who listed these types of personal property for the prior year will receive a listing form in the mail in order to make any necessary updates to their records these forms are mailed on the last day of December to ensure that they are received with ample time to be returned to the Tax AssessorвЂ™s Office by the January 31 stВ due date.

#North carolina business tax returns online professional

The Business Personal Property Department of the Franklin County Tax AssessorвЂ™s Office is responsible for listing and assessing business and professional property for ad valorem taxation. Business personal property owners must research tax laws in order to take advantage of any exemptions for which their property may be eligible. You must also attach any 1099s if there is North Carolina tax withheld or you are claiming a Bailey retirement deduction.You must attach a copy of the federal return if you have an out-of-state address. It is the responsibility of business personal property owners to report this property to the Tax Office for ad valorem taxation. Raleigh, North Carolina, 27634-0001 Attach copies of all your wage and tax statements to your North Carolina return. All business personal property, which is liable to be listed is assessed as it sits on January 1 of each year. During January of each year, businesses and professionals in North Carolina are required by state law to list all business personal property with the Tax Assessor on a listing form approved by the Department of Revenue.