Get Cd-429 - Department Of Revenue

The CD-429 form, also known as the corporate estimated income tax form, is essential for corporations expecting to owe income tax to North Carolina. Understanding how to accurately complete this form is critical to fulfilling your tax responsibilities efficiently.

Follow the steps to complete the CD-429 form successfully.

1. Click ‘Get Form’ button to access the CD-429 form and open it in your document management system.
2. Identify whether your corporation qualifies under specific categories by marking the appropriate circle (Tax Exempt-Nonprofit, Non U.S./Foreign, Cooperative or Mutual Association). This section ensures proper handling of your tax status.
3. Enter the beginning and ending tax year dates in the MM-DD-YY format to specify the filing period for which you are applying.
4. Provide your federal employer ID number and N.C. Secretary of State ID number accurately, as these identifiers verify your corporate entity.
5. Fill in the legal name of your corporation using capital letters for clarity, and ensure the address section includes the city, state, and zip code information correctly.
6. Complete the worksheet for computation of estimated North Carolina income tax, ensuring all lines are filled out based on your estimated federal taxable income, additions, deductions, and resulting taxable income.
7. Calculate your estimated North Carolina net tax due and ensure it meets the $500 threshold for required payments. If less than $500, no payment is necessary at this time.
8. Review the table for the schedule of when to pay estimated income tax to determine how many installments and their due dates based on your filing timeline.
9. Lastly, submit the completed form in its entirety without separating the coupon from the rest of the form. Verify all information for accuracy.
10. After finalizing your entries, save changes, and opt to download, print, or share the form as needed.

Start completing your CD-429 form online today for a streamlined tax filing experience.