Form Nc-30 - Income Tax Withholding Tables And Instructions For Employers - North Carolina - 2017 Page 3
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46Instructions and Explanations
1� General Information
North Carolina law requires withholding of income
indicated on Form NC-BR. An employer required
tax from:
to file a certain frequency (semiweekly, monthly, or
quarterly) because of his average monthly withholding,
(a) Salaries and wages of all North Carolina residents
must continue on that basis until the Department of
regardless of where earned,
Revenue authorizes a change to a new filing frequency.
(b) Wages of nonresidents for services performed in
An employer who in a later tax year is required to
North Carolina,
deduct and withhold an average which would change
(c) Non-wage compensation paid to nonresidents
the employer to a different filing frequency should
for certain personal services performed in North
contact the Department to request a change in filing
Carolina,
frequency. The employer must continue on the same
(d) Pension payments paid to North Carolina residents
filing frequency until written authorization to change is
if federal withholding is required on the payments,
received from the Department of Revenue.
(e) Contractors identified by an Individual Taxpayer
Identification Number (ITIN) if the contractor performs
Use the preaddressed forms which will be mailed
services in North Carolina for compensation other
to you after you are registered. If the coupon booklet
than wages, and
is misplaced, request a new one from the Department.
(f) Winnings of $600 or more paid by the North Carolina
If a blank form is used, show the name and North
State Lottery Commission at the rate of 5.499
Carolina withholding identification number exactly as
percent.
they appeared on previous reports.
Each employee must complete a North Carolina
If you go out of business or cease to pay wages
Withholding Allowance Certificate, Form NC-4, Form
permanently, complete the “Out of Business
NC-4 EZ, or Form NC-4 NRA. To determine the
Notification” and include it with the final report. You
amount of tax to be withheld, select the table in this
can also let us know that you are out of business
book which corresponds with the employee’s filing
by calling 1-877-252-3052 (toll free) and selecting
status and your payroll period; i.e., weekly, biweekly,
Business Taxes. Follow the menu instructions under
etc.; locate the gross wages in the left-hand column and
withholding tax to close your withholding account.
then follow across to the column which corresponds to
Within 30 days of the last payment of wages, file the
the number of withholding allowances claimed by the
annual reconciliation (Form NC-3) with Departmental
employee. The tax withheld can also be computed by
copies of the wage and tax statements. Provide copies
using the Percentage Method or Annualized Wages
of wage and tax statements to all employees.
Method. Important: Always use single filing status
for Nonresident Aliens.
At the end of each year, you must prepare W-2 and
1099 statements, furnish copies to the employees for
When you determine that you will begin paying
use in filing their income tax returns and submit the
wages, non-wage compensation, or pension payments
information to the Department of Revenue along with
subject to North Carolina income tax withholding,
the annual reconciliation of income tax withheld.
you must file Form NC-BR (Business Registration
Application for Income Tax Withholding, Sales and
The principal duties of employers are outlined in the
Use Tax, and Machinery and Equipment Tax) with the
calendar on page 2, and the requirements concerning
Department of Revenue to obtain a North Carolina
withholding, reporting and paying North Carolina
withholding identification number.
See section 3 for
income tax are summarized in this booklet. North
applying for a North Carolina withholding identification
Carolina procedures and practices are similar to those
number.
of the federal government, with some differences which
are explained in the following sections. For additional
The tax must be withheld from each payment of
information contact the North Carolina Department
wages, and the amount is considered to be held in trust
of Revenue, Taxpayer Assistance-Withholding Tax,
until it is paid to the Department. North Carolina does
P�O� Box 25000, Raleigh, North Carolina 27640-0001
not use a depository system for income tax withheld.
or you may call 1-877-252-3052�
A report of the tax withheld must be filed and the tax
paid by the required due date. You are required to
2� Who are Employers?
report and pay the tax withheld on a quarterly, monthly,
An employer is any person or organization for whom
or semiweekly basis. Your initial filing frequency is
determined by your average monthly withholding as
an individual performs any service as an employee. The
Page 3
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form As/rp1 - Income Tax Withholding, Sales And Use Tax, Registration Application Instructions
Financial
Form Nc-br - Business Registration Application For Income Tax Withholding, Sales And Use Tax, And Machinery And Equipment Tax
Life
Form De 1p - Employers Depositing Only Personal Income Tax Withholding Registration And Update Form - 2016
Legal
Form Mw507p - Maryland Income Tax Withholding For Annuity, Sick Pay And Retirement Distributions
Financial
Related Categories
Parent category: Financial