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Web CD-429 DOR Use Only
8-19 Corporate Estimated Income Tax
GENERAL INSTRUCTIONS
Estimated income tax is the amount of income tax a corporation expects to owe for the tax year after subtracting the amount of any tax credits taken during
the tax year. A corporation that expects to incur an income tax liability to North Carolina of $500 or more during the taxable year must submit a declaration
of estimated tax. Complete the worksheet below to determine if estimated income tax is due.
Generally, a corporation must make its first estimated income tax payment by the fifteenth day of the fourth month of its taxable year. A schedule for de-
termining when a corporation must pay its estimated income tax is located on page 2.
To pay estimated income tax, a taxpayer must file Form CD-429 by the date determined. A taxpayer can use the Department’s website or mail the completed
form to the address provided. The Department’s website offers two electronic options,
(1) an online filing and payment system, and (2) an eFile program. For more information, visit www.ncdor.gov.
SPECIFIC INSTRUCTIONS
Fill in the applicable circle if the corporation is determined to be tax exempt for State income tax purposes but required to report unrelated business income,
a non U.S./foreign corporation whose federal statutory due date is the fifteenth day of the seventh month, a cooperative, or mutual association.
Worksheet for Computation of Estimated North Carolina Income Tax (Complete worksheet to determine if estimated income tax is due.)
1. Estimated Federal Taxable Income 1.
2. Estimated Additions to Federal Taxable Income 2.
3. Estimated Deductions from Federal Taxable Income 3.
4. Estimated North Carolina Taxable Income (Line 1 plus Line 2 minus Line 3) 4.
5. Estimated Nonapportionable Income 5.
6. Estimated Apportionable Income (Line 4 minus Line 5) 6.
7. Amount of Line 6 Estimated to be Apportioned to North Carolina 7.
8. Amount of Line 5 Estimated to be Directly Allocated to North Carolina 8.
9. Estimated Net Taxable Income (Line 7 plus Line 8) 9.
10. Estimated North Carolina Net Income Tax (Multiply Line 9 by 2.5%) 10.
11. Estimated Tax Credits 11.
12. Estimated North Carolina Net Tax Due (Line 10 minus Line 11)
If $500 or more, see the schedule on Page 2 to determine the amount and due date of
each installment. If $500 or less, no payment is required at this time. 12.
Submit this form in its entirety. Do not separate the coupon from the rest of the form.
Corporate Estimated Income Tax
North Carolina Department of Revenue
Beginning Tax Year (MM-DD-YY) Ending Tax Year (MM-DD-YY)
Fill in circle if: (See specific instructions above)
Federal Employer ID Number N.C. Secretary of State ID Number Tax Exempt
Non U.S./Foreign
Cooperative or Mutual Association
Legal Name (First 35 Characters) USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS
AMOUNT OF THIS PAYMENT
Address
$ , , .00
City State Zip Code If your address has changed since the filing of your
last tax return, report the correct address on Form
NC-AC, Address Correction Notification.
Mail this form with your check or money order in U.S. currency from a domestic bank to:
N.C. Department of Revenue, P.O. Box 25000, Raleigh, N.C. 27640-0650. CD-429
Do not fold, tape, or staple the return or check. Do not send cash. Web
8-19
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