INSTRUCTIONS: NORTH CAROLINA S CORPORATION TAX RETURN (Form CD-401S)

S Corporations operating in North Carolina file their taxes using a CD-401S form. This document can be obtained from the website maintained by the North Carolina Department of Revenue.

North Carolina S Corporation Tax Return CD-401S Step 1: If not filing for the calendar year pre-printed on the form, enter your fiscal year's beginning and ending dates.

North Carolina S Corporation Tax Return CD-401S Step 2: Enter your S corporation's legal name, street address, city, state and zip code in capital letters.

North Carolina S Corporation Tax Return CD-401S Step 3: In the first box on the right, enter your federal employer identification number, secretary of state ID, and NAICS code.

North Carolina S Corporation Tax Return CD-401S Step 4: In the box below, enter your gross receipts from all sales and total assets per balance sheet.

North Carolina S Corporation Tax Return CD-401S Step 5: Fill in all applicable circles concerning your company status and attachments included where indicated.

North Carolina S Corporation Tax Return CD-401S Step 6: If you are filing a composite nonresident shareholders form, you must first complete Schedule K on the fifth page to complete the last unnumbered line on the first page.

North Carolina S Corporation Tax Return CD-401S Step 7: On lines 1 through 9, calculate your franchise tax due or overpaid as instructed. To do so, you will need to complete Schedules C, D and E on the third page.

North Carolina S Corporation Tax Return CD-401S Step 8: On lines 10 through 27, calculate your income tax due or refund owed as directed. To do so, you will need to complete Schedules H and I on the fourth page and Schedules N and O on the seventh page.

North Carolina S Corporation Tax Return CD-401S Step 9: Calculate your final adjusted tax due or refund owed on lines 28 through 35 as instructed.

North Carolina S Corporation Tax Return CD-401S Step 10: An office should enter their signature on the first blank line at the bottom of the second page.

North Carolina S Corporation Tax Return CD-401S Step 11: The officer should give the date in the second blank.

North Carolina S Corporation Tax Return CD-401S Step 12: Enter your corporate telephone number, including the area code, in the third blank.