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I, (full name), certify that I did not file a tax return in 20YY. I attempted to obtain the IRS Verification of Non Filing Letter but was unable to obtain the required documentation. I earned untaxed income of $(enter amount) in 20YY from (type of work in which you earned income). Attach the W-2 or 1099 forms.
Every corporation doing business in North Carolina and every inactive corporation chartered or domesticated here must file an annual franchise and income tax return using the name reflected on the corporate charter if incorporated in this State, or on the certificate of authority if incorporated outside this State.
Filing Requirements Chart for Tax Year 2022 Filing StatusA Return is Required if Federal Gross Income ExceedsSingle$12,750Married - Filing Joint Return$25,500Married - Filing Separate ReturnIf spouse does not claim itemized deductions$12,7504 more rows
14438: NC - Minimum Franchise Tax Per the NC S Corporation Instructions: "The franchise tax rate is $200 for the first one million dollars ($1,000,000) of the corporation's tax base and $1.50 per $1,000 of its tax base that exceeds one million dollars ($1,000,000).
Upon request of the Secretary, an exempt corporation must establish its claim for exemption in writing: (1) A charitable, religious, fraternal, benevolent, scientific, or educational corporation not operated for profit. (2) An insurance company subject to tax under Article 8B of this Chapter.
If you are taxed as a C-Corp, you need to file a Form 1120, you must file it by the 15th day of the forth month following the close of the tax year, which for most taxpayers is April 15 or the next business day if it falls on a weekend or holiday.
Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Four states?Alaska, Illinois, Minnesota, and New Jersey?levy top marginal corporate income tax.
A domestic corporation (including a Subchapter S corporation) must file an income tax return whether it has taxable income or not, unless it's exempt from filing under section 501.