Form Nc-30 - Income Tax Withholding Tables And Instructions For Employers - North Carolina - 2017 Page 12
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4617� Semiweekly Payments
required to pay electronically but you are interested in
doing so, please contact the EFT Section (toll-free) at
An employer who withholds an average of $2,000
1-877-308-9103. Local callers dial (919) 814-1501.
or more of North Carolina income tax per month must
pay the tax withheld at the same times it is required
20� Adjustments
to pay the tax withheld on the same wages for federal
You are liable to report and pay the correct amount
income tax purposes.
of tax to the Department even if, through error, you
deduct less than the correct amount from a wage
Each time you are required to deposit federal
payment. If you discover such an error, report and pay
employment taxes (income tax withheld and FICA),
the correct amount of tax to the Department and recover
you must remit the North Carolina income tax withheld
the amount due you from the employee by deducting
on those same wages. Exception: For federal tax
it from later payments to the employee or adjusting in
purposes, if an employer withholds $100,000 or more,
any other way agreeable to both of you.
the federal deposit is required on the next banking day.
North Carolina law did not adopt that provision of federal
If you deduct more than the correct amount of tax
law, and the State income tax withholding is due on
from any wage payment, you must report and pay to
or before the normal federal semiweekly due date for
the Department the actual amount withheld unless you
those wages. You must mail or deliver payment of the
repay the over-deducted amount to the employee or
North Carolina income tax withheld by the due date.
otherwise make applicable administrative adjustments
Payments are submitted with Form NC-5P, Withholding
and maintain records to show that you have done so.
Payment Voucher.
If you have reported an incorrect amount of tax, see
Form NC-5Q, North Carolina Quarterly Income
the instructions for amending or correcting the report in
Tax Withholding Return, reconciles the tax paid for
the coupon payment books.
the quarter with the tax withheld for the quarter. Form
NC-5Q must be filed each quarter on or before the last
21� Payment of Tax
day of the month following the close of the quarter.
Due dates for Form NC-5Q are the same as for your
North Carolina does not use a depository system
federal quarterly return (Federal Form 941). You have
for income tax withheld. The amount you withhold is
10 additional days to file Form NC-5Q if you made
deemed by law to be held in trust by you for the State
all your required payments during the quarter and no
of North Carolina.
additional tax is due. Detailed instructions are included
in the forms packet which is mailed each quarter.
Penalties. The penalty for failure to timely file
a withholding return is 5% of the tax due per month
18� Paying Withholding Tax
(maximum 25%). A penalty of 10 percent is required for
Electronically
failure to withhold or pay the tax when due. Interest is
due from the time the tax was due until paid. Criminal
You can file your North Carolina withholding return
penalties are provided for willful failure or refusal to
and pay the tax online. The Department of Revenue’s
withhold, file a return, or pay tax when due.
E-File system offers the convenience of paying the
tax 24 hours a day, 7 days a week. Payments can be
Relief for semiweekly filers. If a payment falls
made online by bank draft, MasterCard, or Visa. There
under the shortfall provisions of Federal Regulation
is no fee for bank drafts, but there is a convenience
31.6302-1, you are not subject to interest or penalty
fee for using MasterCard or Visa. The fee is $2.00
on the additional tax due.
for every $100.00 increment of tax payment. Visit the
Department’s website at www�dornc�com and search
Personal liability.
An employer who fails to
for online file and pay.
withhold or pay the amount required to be withheld is
personally and individually liable for such amounts,
19� Electronic Funds Transfer (EFT)
and the Department is required to assess the tax and
If you remit an average of at least $20,000 each
penalty against the employer. If an employer has failed
month in North Carolina withholding taxes, you are
to collect or pay over income tax withheld or required to
required to pay by electronic funds transfer (EFT).The
have been withheld, the tax not deducted or paid may
Department will notify you if you are required to make
be assessed against the responsible corporate officers
payments by electronic funds transfer. You will not
or other such responsible officer whenever such taxes
receive payment vouchers if you pay electronically.
cannot be immediately collected from the employer. The
However, you must continue to file Form NC-5Q, North
liability includes the tax not deducted or paid previously
Carolina Quarterly Income Tax Return, and Form NC-
assessed against the employer. More than one person
3, Annual Withholding Reconciliation. If you are not
may be liable as a person responsible for the payment
Page 12
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