§ 105-131.7. Returns; shareholder agreements; compulsory withholding tax. 2. At the time when the annual return is to be filed for each tax period in which the corporation has a non-resident shareholder on whose behalf such an agreement has not previously been submitted. (d) Agreements to be filed under paragraph (c) of this section must be filed on the following dates: (b) The Department shall permit S Corporations to file composite income tax returns and make compound tax payments on behalf of some or all non-resident shareholders. The Department may allow S Corporations to file compound tax returns and make compound tax payments on behalf of some or all resident shareholders. It looks like you don`t have a PDF plugin for this browser. Please use the link below to download 2020-north-carolina-form-nc-na.pdf and you can print it directly from your computer. (e) Amounts paid to the Department on behalf of the shareholders of the corporation in accordance with paragraphs (b) and (c) constitute payments to them in the name of the income tax imposed on them for the taxation period in accordance with Parts 2 and 3 of this section. (1987 (Reg. Sess., 1988), c. 1089, p.

1; 1989, c. 728, ss. 1.33, 1.35; 1991, c. 689, p. 301; 1998-98, p. 7; 1999-337, p. 1997. 24.) (c) An S Corporation shall submit to the Ministry, on a form prescribed by the Secretary, the consent of any non-resident shareholder of the Corporation to (i) file a return and pay in a timely manner any tax that that State imposes on the shareholder in respect of the income of S Corporation, and (ii) be subject to personal jurisdiction in that State for the purpose of collecting unpaid income tax; as well as the associated interest and penalties owed by the non-resident shareholder.

If the Corporation fails to file an agreement required under this Subsection in a timely manner on behalf of one of its non-resident shareholders, the Corporation shall, on the date specified in paragraph (d) of this Section, pay to the Department an estimated amount of tax payable to the Crown on behalf of each non-resident shareholder for whom a treaty has not been filed in a timely manner. The estimated amount of tax due to the State is calculated at the rates applied to G.S. 105-134.2(a)(3) on the shareholder`s proportionate share in the income of Corporation S attributable to the Crown and reflected in the Corporation`s tax return for the tax period. A company S may claim a payment made in accordance with the preceding sentence from the shareholder on whose behalf the payment was made. (a) A company S that is registered or carrying on business in the State must file with the Department an annual return on a form required by the Secretary no later than the due date required for the filing of C Corporation`s returns in G.S. 105-130.17. The return includes the name, address and Social Security or Federal Identification Number of each shareholder, income attributable to the State and non-State attributable income in relation to each shareholder within the meaning of G.S. 105-131 (4) and (5), as well as any other information that the Secretary may request.

It is a legal form published by the North Carolina Department of Revenue – a government agency operating in North Carolina. To date, no separate form submission guidelines are provided by the issuing service. Download a printable version of the NC-NA form by clicking on the link below, or browse other documents and templates provided by the North Carolina Department of Revenue. We last updated the North Carolina NC-NA form in April 2021 with the North Carolina Department of Revenue. This form applies to income earned in the 2020 taxation year, with tax returns due in April 2021. We will update this page with a new version of the form for 2022 as soon as it is available from the North Carolina government. In addition to information about North Carolina`s income tax brackets, Tax-Brackets.org offers a total of 45 North Carolina income tax forms, as well as numerous federal income tax forms. Here is a list of some of the most commonly used tax forms in North Carolina: Press the PRINT button to print only the current page. Download the document to your desktop, tablet or smartphone to print it in its entirety.

1. At the time when the annual return for the first tax period for which Company S is subject to the provisions of this Part is to be submitted ….