Fillable April 1, 2015 NORTH CAROLINAS REFERENCE TO THE (North Carolina)

Fill Online, Printable, Fillable, Blank April 1, 2015 NORTH CAROLINAS REFERENCE TO THE (North Carolina) Form

Use Fill to complete blank online NORTH CAROLINA pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

April 1, 2015 NORTH CAROLINAS REFERENCE TO THE (North Carolina)

On average this form takes 17 minutes to complete

The April 1, 2015 NORTH CAROLINAS REFERENCE TO THE (North Carolina) form is 4 pages long and contains:

  • 0 signatures
  • 13 check-boxes
  • 62 other fields

Country of origin: US
File type: PDF

BROWSE NORTH CAROLINA FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
Income Tax Division Page 1 of 2 April 1, 2015
April 1, 2015
NORTH CAROLINA’S REFERENCE TO THE INTERNAL REVENUE CODE UPDATED -
IMPACT ON 2014 NORTH CAROLINA CORPORATE AND INDIVIDUAL INCOME TAX
R
ETURNS
Governor McCrory signed into law Session Law 2015-2 (Senate Bill 20) on March 31, 2015. The legislation
updated North Carolina’s reference to the Internal Revenue Code to the Code as enacted as of January 1,
2015. As a result, North Carolina corporate and individual income tax law generally follows the Tax
Increase Prevention Act of 2014 (“TIPA”), which extended several provisions in federal law that had sunset
at the end of 2013. The law does not follow (decouples from) TIPA in six instances. The table below
identifies those instances and describes each difference and which lines on the tax returns are impacted.
Federal Provision
State Provision NC C Corporate
Return
NC Individual
Return
1 Bonus depreciation is
extended to property
placed in service in
2014.
Addition required for
85% of bonus
depreciation deducted on
federal return.
Include addition
on Form CD-405,
Schedule H, Line
1.g.
Include addition on
Form D-400
Schedule S, Part
A, Line 3.
2 Code section 179 dollar
and investment
limitations are increased
to $500,000 and
$2,000,000,
respectively, for 2014.
Dollar and investment
limitations set at $25,000
and $200,000,
respectively. Addition
required for 85% of the
difference between the
deduction using federal
limitations and the
deduction using NC
limitations.
Include addition
on Form CD-405,
Schedule H, Line
1.g.
Include addition on
Form D-400
Schedule S, Part
A, Line 3.
3 Mortgage insurance
premiums are treated as
qualified residence
interest for 2014.
Mortgage insurance
premiums are not treated
as qualified residence
interest.
Not applicable Do not include
mortgage
insurance
premiums in the
amount of
mortgage interest
deducted on Form
D-400 Schedule S,
Part C, Line 13.
4 Cancellation of qualified
principal residence debt
is excluded from gross
income.
Addition required for
amount of cancellation of
qualified principal
residence debt excluded
from gross income on the
federal return.
Not applicable Include addition on
Form D-400
Schedule S, Part
A, Line 3.
North Carolina Department of Revenue
Income Tax Division Page 2 of 2 April 1, 2015
Federal Provision State Provision NC C Corporate
Return
NC Individual
Return
5 Qualified tuition and
related expenses are
deductible for 2014.
Addition required for
qualified tuition and
related expenses deducted
on the federal return.
Not applicable
Include addition on
Form D-400
Schedule S, Part
A, Line 3.
6 Qualified charitable
distributions from an
IRA by a person who
has attained age 70 ½
are excluded from gross
income.
Addition required for
qualified charitable
distributions from an IRA
by a person who has
attained age 70 ½ that are
excluded from gross
income on the federal
return. The distributions
are allowable as a
charitable contribution.
Not applicable
Include addition on
Form D-400
Schedule S, Part
A, Line 3.
Deduct
contribution on
Form D-400
Schedule S, Part C,
Line 18 if
itemizing
Any person who has already filed a 2014 North Carolina income tax return and whose federal taxable
income (C corporation) or federal adjusted gross income (individual) is impacted by the amendments to
federal law included in TIPA or by the provisions of TIPA from which North Carolina has decoupled must
file an amended North Carolina return. If the amended return reflects additional tax due, the taxpayer will
avoid interest if the additional tax is paid by the original due date of the return (April 15 for calendar-year
taxpayers). The taxpayer will also avoid a late-payment penalty if the additional tax reflected on the
amended return is paid when the amended return is filed or April 15, whichever is later.
IMPORTANT: Do not send a photocopy of this form.
The original form is printed in pink and black ink.
Staple W-2s Here
Enter Whole U.S. Dollars Only
6. Federal adjusted gross income
(Form 1040, Line 37; Form 1040A, Line 21; or Form
1040EZ, Line 4) (If negative, see the Line instructions)
Filing Status
Fill in one circle only. (See instructions on Page 8)
SSN
Name
(Enter your spouse’s
full name and Social
Security Number)
Single
1.
Married Filing Jointly
2.
Married Filing Separately
3.
Head of Household
4.
Qualifying Widow(er) with Dependent Child (Year spouse died:
)
5.
7. Additions to federal adjusted gross income
(From Part A of Form D-400 Schedule S, Line 4;
attach Schedule S if additions are reported.)
9. Deductions from federal adjusted gross income
(From Part B of Form D-400 Schedule S, Line 12;
attach Schedule S if deductions are reported.)
8. Add Lines 6 and 7
10. Subtract Line 9 from Line 8
Deceased Taxpayer Information
Fill in circle if return is led and signed by Executor, Administrator or Court-Appointed Personal Representative.
Enter date of death of deceased taxpayer or deceased spouse.
If No, complete Lines 1 through 12. Then go to
Part D of Schedule S. Fill in residency information
and complete Lines 20 through 22.
Was your spouse a resident for the entire year?
Yes No
Residency Status
Yes No
Were you a resident of N.C. for the entire year of 2014?
Fill in circle if you or your spouse were out of the country on April 15 and a U.S. citizen or resident.
Subtract Line 11 from Line 1012.
11. N.C. standard deduction OR itemized deductions (See instructions on Page 8)
If itemizing, complete Part C of Form
D-400 Schedule S and enter the amount
from Line 19; attach Schedule S.
6.
7.
9.
8.
10.
12.
11.
13.
14.
15.
Part-year residents and nonresidents
(From Part D of Form D-400 Schedule S, Line 22;
attach Schedule S if a part-year resident or nonresident)
13.
North Carolina Taxable Income
Full-year residents enter the amount from Line 12
Part-year residents and nonresidents multiply amount on Line 12 by the
decimal amount on Line 13
14.
15. North Carolina Income Tax
To calculate your tax, multiply your North Carolina Taxable Income
Line 14 by 5.8% (0.058)
N.C. Education Endowment Fund: You may contribute to the N.C. Education Endowment Fund by making a contribution or designating some or all
of your overpayment to the Fund. To make a contribution, enclose Form NC-EDU and your payment of $ .
To designate your overpayment to the Fund, enter the amount of your designation on Page 2, Line 28. See instructions for information about the Fund.
If you claimed the standard
deduction on federal
form 1040, ll in circle
Individual Income
Tax Return 2014
D-400
Your Social Security Number Spouse’s Social Security Number
For calendar year 2014, or scal year beginning (MM-DD-YY) and ending (MM-DD-YY)
You must enter your
social security number(s)
Staple All Pages of Your Return Here
Web-Fill
9-14
Spouse’s Last Name
Your Last NameYour First Name
(USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS)
M.I.
If a Joint Return, Spouse’s First Name M.I.
Mailing Address Apartment Number
Zip Code
Country (If not U.S.)
City State County
(Enter rst ve letters)
Taxpayer (MM-DD-YY) Spouse (MM-DD-YY)
4
PRINT
✖
CLEAR
Be sure to sign and date your return below.
I certify that, to the best of my knowledge, this return is accurate and complete. If prepared by a person other than taxpayer, this certication is based on all
information of which the preparer has any knowledge.
Spouse’s Signature (If ling joint return, both must sign.) Date
Home Telephone Number (Include area code.)
N.C. DEPT. OF REVENUE
P.O. BOX 25000
RALEIGH, NC 27640-0640
If you ARE NOT due a
refund, mail return, any
payment, and D-400V to:
If REFUND mail
return to:
N.C. DEPT. OF REVENUE
P.O. BOX R
RALEIGH, NC 27634-0001
Preparer’s Telephone Number (Include area code.)
Preparer’s FEIN, SSN, or PTIN
Sign Here
Y o u r S i g n a t u r e
Date
Paid Preparer’s Signature
Date
24.
$
25.
27.
26.
28.
29.
30.
If you claim a partnership payment on Line 21c
or S corporation payment on Line 21d, you must
attach a copy of the NC K-1.
a. Your tax withheld
b. Spouse’s tax withheld
20a.
20b.
21a.
21b.
21c.
21d.
22.
If you certify that no Consumer
Use Tax is due, ll in circle
23e.
23a.
23d.
19.
18.
17.
16.
Add Lines 23a, 23d, and 23e and enter the total
Pay This Amount - You can pay online. Go to
www.dornc.com and click on Electronic Services for details.
24.
Overpayment - If Line 19 is less than Line 22,
subtract and enter the result
25.
27. Contribution to the N.C. Nongame and Endangered Wildlife Fund
Amount of Line 25 to be applied to 2015 Estimated Income Tax26.
Contribution of overpayment to the N.C. Education Endowment Fund28.
Add Lines 26, 27, and 2829.
Subtract Line 29 from Line 25 and enter the Amount To Be Refunded
For direct deposit, le electronically. Go to www.dornc.com and click on ele.
30.
19. Add Lines 17 and 18
(Staple original or copy of the original State
wage and tax statement(s) in lower left-hand
corner of the return)
North Carolina Income Tax Withheld 20.
18. Consumer Use Tax (See instructions on Page 9)
Other Tax Payments21.
a. 2014 Estimated Tax
b. Paid with Extension
c. Partnership
d. S Corporation
22. Add Lines 20a through 21d and enter the total on Line 22
Subtract Line 16 from Line 1517.
a. Tax Due - If Line 19 is more than Line 22, subtract and enter the result 23.
b. Penalties
(Add Lines 23b
and 23c and
enter the total
on Line 23d)
c. Interest
e. Interest on the underpayment of estimated income tax
(See Line instructions and enter letter in box, if applicable)
16. Tax Credits (From Form D-400TC, Part 3, Line 20 - You must attach
Form D-400TC if you enter an amount on this line)
Last Name (First 10 Characters)
Your Social Security Number
2014
Tax Year
Page 2
D-400 Web-Fill
9-14
Exception to
underpayment
of estimated
tax
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

April 1, 2015 NORTH CAROLINAS REFERENCE TO THE (North Carolina)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 19 April 2021

Message

View Audit Log
Print With Audit Log
Duplicate Document