Get Nc Form B 205

Filling out the Nc Form B 205 is essential for reporting gross receipts from amusements and motion picture shows in North Carolina. This guide provides clear, step-by-step instructions to assist users in completing this form online with accuracy and ease.

Follow the steps to successfully complete the Nc Form B 205 online.

1. Press the ‘Get Form’ button to download the Nc Form B 205 and open it in your browser.
2. Provide the application beginning and ending dates in the format MM-DD-YY. This indicates the specific period for which the gross receipts are being reported.
3. Enter the legal name of your business in uppercase letters, followed by your FEIN or SSN and trade name in the designated fields.
4. Fill out the mailing address section with your complete address, including city, state, and zip code.
5. Input your NCDOR ID or Account ID to help identify your tax account.
6. Provide the name of a contact person, their phone number, and fax number for correspondence purposes.
7. Indicate if this is an amended return by filling in the circle if applicable, and specify if there were no transactions or if your business is seasonal by checking the relevant boxes.
8. For Part 1, list the gross receipts from amusements on Line 1, including total receipts from selling admission tickets on the Internet on Line 2.
9. Calculate the total gross receipts on Line 3 by adding Lines 1 and 2.
10. Calculate the tax on amusement and reselling tickets on Line 4 by multiplying Line 3 by 3%. For motion picture shows, input the gross receipts on Line 5 and calculate the applicable tax on Line 6 by multiplying Line 5 by 1%.
11. Add Lines 4 and 6 on Line 7 to get the total tax due.
12. If applicable, calculate and include penalties on Line 8 for late payments, and interest on Line 9, referring to the Department’s website for the current interest rate.
13. Finally, add Lines 7 through 9 to determine the total payment due on Line 10.
14. Sign and date the form to certify that it is accurate and complete. Save changes, download, print, or share the completed form as needed.

Complete and submit your Nc Form B 205 online to ensure compliance with amusement gross receipts tax.