What is a e500 form?

What is a e500 form?

Gross receipts derived from the sale of tangible personal property and the sales and use tax thereon are to be reported to the Department on Form E-500, Sales and Use Tax Return.

How do I fill out an e500?

How to File

1. Enter your business contact and sales tax ID number, then choose “File E-500 and pay the full amount online”.
2. From the drop-down menu, select the month, date, and year.
3. Enter your gross receipts for the reporting period in the NC Gross Receipts box 1.

How much do I owe Ncdor?

Who can I call to get more information? You can call toll-free at 1-877-252-3052 to get information about your balance with the Department.

What are NC gross receipts?

Gross receipts derived from the sale of tangible personal property and the sales and use tax thereon are to be reported to the Department on Form E-500, Sales and Use Tax Return, or through the Department’s online filing and payment system.

What is considered resale?

The common meaning of “resale” is the act of “selling again.” A sale is made for resale where the seller knows or has reasonable cause to believe that the goods or services will be resold, whether in their original form, or in an altered form, or as a part, component or ingredient of another article.

How do I get a sales tax number in North Carolina?

To obtain a sales and use tax account number you must register online using the online business registration portal or submit a completed Form NC-BR, Business Registration Application, to the address at the bottom of the application.

Does the NC Department of Revenue call you?

The NCDOR will not contact a taxpayer in person unless the agency has first attempted to provide the taxpayer with notification(s) via mail. The NCDOR will not demand a taxpayer pay taxes without first giving the taxpayer an opportunity to question or appeal the amount owed.

Where is NC refund?

You can check the status of your North Carolina State tax refund by calling 1-877-252-4052. Lines are available 24 hours a day 7 days a week. Visit North Carolina’s online service to check the status of your tax refund.

How do I calculate my gross receipts?

Add up your total sales to get gross receipts. If you’ve kept good records, it should be simple. Then subtract the cost of goods sold, as well as sales returns and allowances, to get your total income.

Does North Carolina have a gross receipts tax?

North Carolina Gross Receipt Tax 8.0%

What is the NC State Tax Form?

Form D-400 is the North Carolina individual income tax return. If you have additions to federal adjusted gross income, deductions from federal adjusted gross income, or North Carolina itemized deductions, you are required to complete and attach Form D-400 Schedule S, North Carolina Supplemental Schedule to Form D-400.

What is the state tax rate for North Carolina?

The North Carolina state sales tax rate is 4.75%, and the average NC sales tax after local surtaxes is 6.9%. Prescription Drugs are exempt from the North Carolina sales tax. Counties and cities can charge an additional local sales tax of up to 2.75%, for a maximum possible combined sales tax of 7.5%.

How much is sales tax in NC?

The North Carolina (NC) state sales tax rate is currently 4.75%. Depending on local municipalities, the total tax rate can be as high as 7.5%.

What is the state withholding for North Carolina?

North Carolina State Tax Withholding Rate Changes. Effective Jan. 1, 2019, the North Carolina state tax withholding rate is decreasing from the current rate of 5.599% to 5.35%.