North Carolina Application for Extension Franchise and Corporate Income Tax
Extracted from PDF file 2022-north-carolina-cd-419.pdf, last modified August 2019
Application for Extension Franchise and Corporate Income Tax.............. == ====m=!u: •· ···=!!! .::::••==·-·-::: :• Do Not Include This Page • RI NC D(i) NORTH CAROLINA DEPARTMENT OF REVENUE Instructions For Handwritten Forms Before Sending Guidelines Do not use red ink. Use blue or black ink. Printing ,,___(8) ® Do not use dollar signs, commas, or other punctuation marks. , 1 t®I ocopies of returns. Submit originals only. Set page scaling to "none." The Auto-Rotate and Center checkbox should be unchecked. 1� Do not select "print on both sides of paper." c; ;�1 Do not mix form types. CD-419 Application for Extension Franchise and Corporate Income Tax Web 8-19 DOR Use Only GENERAL INSTRUCTIONS North Carolina law provides for an extension of time to file a North Carolina corporate tax return (Form CD-405, CD-401S, or CD-418). When timely filed, Form CD-419 extends the due date of the return by six months. An extension of time to file the return does not extend the time to pay the amount of tax due. If the taxpayer does not pay the full amount of tax due by the original due date of the return, interest and penalties will be assessed. (Note: For North Carolina income tax purposes, an income year that ends on any day other than the last day of the month is considered to end on the last day of the month nearest to the last day of the actual income year.) To obtain an extension and pay any tax due, a taxpayer must file Form CD-419 by the original due date of the corporate tax return. A taxpayer can use the Department’s website or mail the completed application to the address provided. The Department’s website offers two electronic options, (1) an online filing and payment system, and (2) an eFile program. For more information, visit www.ncdor.gov. IMPORTANT A corporation that is granted an automatic extension to file a federal income tax return is granted an automatic extension to file the corresponding State franchise and corporate income tax return. The corporation must certify on the State tax return that the corporation was granted a federal extension. If a corporation wants to make an extension payment, they may submit Form CD-419 with the payment. SPECIFIC INSTRUCTIONS Fill in the applicable circle if the corporation is determined to be tax exempt for State income tax purposes but required to report unrelated business income, a non U.S./foreign corporation whose federal statutory due date is the fifteenth day of the seventh month, a cooperative, or mutual association. Computation of Tax Paid with Application for Extension (Complete this schedule to determine amount of tax to be paid with this application. Generally, cooperatives and mutual associations are not subject to franchise tax and should enter a zero on Lines 1, 2, 3, and 9.) 1. Total Franchise Tax Due (Minimum $200.00) 2. Franchise Tax Credits Taken (From Form CD-425) 3. Net Franchise Tax Due Line 1 minus Line 2 4. Total Corporate Income Tax Due 5. .00 .00 .00 .00 .00 .00 .00 .00 Estimated Income Tax Payments (Include any prior year’s overpayment applied to current tax year) 6. Corporate Income Tax Credits Taken (From Form CD-425) 7. Net Corporate Income Tax Due Line 4 minus Line 5 and Line 6 8. Total Franchise and Corporate Income Tax Due with this Application Line 3 plus (or minus) Line 7 Is Line 8 less than zero? IMPORTANT Yes No Franchise Tax and Corporate Income Tax are not due with this application. Enter zero on Lines 9 and 10. Franchise Tax, Corporate Income Tax, or both are due with this application. If Line 3 is greater than zero and Line 7 is greater than zero, then BOTH Franchise Tax and Corporate Income Tax are due. Enter the amount from Line 3 on Line 9 and enter the amount from Line 7 on Line 10. If Line 3 is greater than zero but Line 7 is less than zero, then Franchise Tax is due but NO Corporate Income Tax is due. Enter the amount from Line 8 on Line 9 and enter zero on Line 10. If Line 3 is less than zero and Line 7 is greater than zero, then NO Franchise Tax is due but Corporate Income Tax is due. Enter zero on Line 9 and enter the amount from Line 8 on Line 10. Application for Extension for Franchise and Corporate Income Tax Beginning Tax Year (MM-DD-YY) Federal Employer ID Number Fill in circle if: (See specific instructions above) Tax Exempt Non U.S./Foreign Cooperative or Mutual Association Ending Tax Year (MM-DD-YY) N.C. Secretary of State ID Number 9. Franchise Tax Paid Legal Name (First 35 Characters) USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS 10. Corporate Income Tax Paid Address City State Zip Code $ , , , , , , .00 .00 .00 Total Tax Paid with Application (Add Lines 9 and 10) Mail to: N.C. Department of Revenue, P.O. Box 25000, Raleigh, N.C. 27640-0520 If tax is paid with this application, include a check or money order in U.S. currency from a domestic bank.
More about the North Carolina CD-419 Corporate Income Tax Extension TY 2022
We last updated the Application for Extension Franchise and Corporate Income Tax in February 2023, so this is the latest version of CD-419, fully updated for tax year 2022. You can download or print current or past-year PDFs of CD-419 directly from TaxFormFinder. You can print other North Carolina tax forms here.
Related North Carolina Corporate Income Tax Forms:
|Form Code||Form Name|
|Form CD-419||Application for Extension Franchise and Corporate Income Tax|
North Carolina usually releases forms for the current tax year between January and April. We last updated North Carolina CD-419 from the Department of Revenue in February 2023.
CD-419 is a North Carolina Corporate Income Tax form. The IRS and most states will grant an automatic 6-month extension of time to file income tax and other types of tax returns, which can be obtained by filing the proper extension request form. Obtaining an extension will prevent you from being subject to often very large failure-to-file penalties. However, in most cases this extension does not exempt you from the requirement to pay any tax owed in full by the return's original filing date.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of North Carolina CD-419
We have a total of six past-year versions of CD-419 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of North Carolina Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.