INSTRUCTIONS: NORTH CAROLINA C CORPORATION TAX RETURN (Form CD-405)

C Corporations operating in the state of North Carolina use a form CD-405 to file their state taxes owed. This document can be found on the website of the Department of Revenue of the state of North Carolina.

North Carolina C Corporation Tax Return CD-405 Step 1: Enter the fiscal year dates for which you are filing if not filing on a calendar year basis, your corporation's name, address and tax identification number, gross receipts and sales, total assets per balance sheet, and fill in the ovals next to all applicable statements concerning your return, attached forms, and relationship to another corporation.

North Carolina C Corporation Tax Return CD-405 Step 2: Compute your franchise tax owed in section A.

North Carolina C Corporation Tax Return CD-405 Step 3: Compute your corporate income tax owed in section B, as well as any refund you may be owed.

North Carolina C Corporation Tax Return CD-405 Step 4: Document your capital stocks, surplus and undivided profits in section C.

North Carolina C Corporation Tax Return CD-405 Step 5: Document investments in North Carolina tangible property in section D and its appraised value in section E.

North Carolina C Corporation Tax Return CD-405 Step 6: Section F requires you to answer miscellaneous questions.

North Carolina C Corporation Tax Return CD-405 Step 7: Sections G and H concern your federal taxable income.

North Carolina C Corporation Tax Return CD-405 Step 8: Section I concern donations made.

North Carolina C Corporation Tax Return CD-405 Step 9: Section J is only for those who are filing an amended return to explain all changes.

North Carolina C Corporation Tax Return CD-405 Step 10: Document your balance sheet per books in section L.

North Carolina C Corporation Tax Return CD-405 Step 11: Document nonapportionable income in section M.

North Carolina C Corporation Tax Return CD-405 Step 12: Compute your apportionment factor in section O.

North Carolina C Corporation Tax Return CD-405 Step 13: An officer should sign and date the bottom of the second page. Additionally, include your corporate telephone number.

North Carolina C Corporation Tax Return CD-405 Step 14: If a paid preparer has completed this form, they should sign this form and provide an identification number. Mail the completed return to the address given.