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Get Nc B-a-101 2019-2026
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How to fill out the NC B-A-101 online
The NC B-A-101 form is crucial for reporting the excise tax on other tobacco products in North Carolina. This guide will walk you through each section of the form, ensuring you complete it accurately and efficiently.
Follow the steps to complete the NC B-A-101 online.
- Click 'Get Form' button to access the NC B-A-101 online form and open it.
- Enter the application beginning and ending dates in the specified MM-DD-YY format. Ensure these dates correspond to the month you are reporting.
- Fill in the legal name of the owner, using capital letters for your name and address. Follow this by entering the Federal Employer Identification Number (FEIN) or Social Security Number (SSN) and the trade name.
- Complete the mailing address fields including the city, state, zip code, and state of domicile.
- Provide the name of the contact person along with their phone number and fax number, if applicable. If this is an amended return, fill in the designated circle.
- In the computation section, fill in the cost price of other tobacco products sold or purchased during the month. Attach copies of invoices or equivalent information as required.
- Complete the next lines regarding the cost price of other tobacco products sold outside North Carolina and to the federal government. Make sure to attach relevant documents.
- Calculate the total cost price of exempt sales by adding the figures from the previous lines.
- Determine the tax due by multiplying the total cost price of taxable transactions by 12.8%.
- If your return is filed on time with full payment, calculate the discount by multiplying the tax due by 2%. Otherwise, enter zero.
- Calculate the total excise tax due by subtracting the discount from the tax due.
- Include any penalties for late payment and interest, based on the guidelines provided, and sum these to determine the total payment due.
- Certify the return by signing and dating the form. You may now save your changes, download, print, or share the completed form as needed.
Complete your NC B-A-101 form online for a more efficient submission process.
Beginning July 1, 2022, electronic cigarette retailers are required to collect from the purchaser at the time of sale, a California Electronic Cigarette Excise Tax (CECET) at the rate of 12.5 percent of the retail selling price of electronic cigarettes containing or sold with nicotine. Senate Bill (SB) 395 (Stats.