Form 58 - North Dakota Partnership Income Tax Booklet

•

The partnership has an item of

overpayment applied from the 2011 return;

•

If any tax due is not paid by the due date

nonbusiness income subject to allocation.

instead, enter the amount of the total taxes

(or extended due date) of the return,

See the instructions to North Dakota

due from line 3 of the previously ﬁ led original

interest is calculated at the rate of 1%

Schedule K, line 23, on page 7 for more

or amended 2012 Form 58.

per month (or fraction of a month) on the

information.

unpaid tax, except for the month in which

Line 6

the return was due.

Application of overpayment to 2013

•

The amount in Column 5 includes interest

from U.S. obligations.

If there is an overpayment on line 5, the

Line 10

Balance due

partnership may elect to apply part or all of

Column 7

it as an estimated payment toward its 2013

If paying by paper check or money

Nonresident individual only

tax liability. To make the election, enter the

order, make it payable to “ND State Tax

If the partner is a nonresident individual, and

portion of line 5 to be applied on line 6. If this

Commissioner.” Instead of a paper check or

the amount in Column 6 is $1,000 or more,

election is made, the election and the amount

money order, the balance due may be paid

multiply the amount in Column 6 by 3.99%

applied may not be changed after the return

electronically through an Automated Clearing

(.0399) and enter the result in Column 7.

is ﬁ led. If this is an amended return, do not

House (ACH) credit transaction or online

However, the following exceptions apply:

make an entry on this line.

through Link2Gov Corporation, a national

electronic payment service.

•

If the nonresident individual partner

Line 8

completed a Form PWA, enter the amount

Tax due

To pay by means of an ACH transaction, go

from line 6 of Form PWA in Column 7,

A tax due must be paid in full with the return

and click on “S Corp and

and mark the circle under “Form PWA.”

when the return is ﬁ led. See the instructions

Partnership” on the left-hand side of the page.

•

If the nonresident individual partner

to line 10 for payment options.

Then click on “Electronic Payment.”

elected to be included in a composite

Line 9

return, leave Column 7 blank and see the

Penalty and Interest

To pay online through Link2Gov Corporation,

instructions to Column 8.

go to Link2Gov

The Ofﬁ ce of State Tax Commissioner will

charges a fee for its service, none of which

See “Withholding from nonresident individual

notify the partnership of any penalty and

goes to the State of North Dakota. The

partners” on page 3 for more information.

interest payable on a tax due shown on

amount of the fee will be provided during

Form 58. However, the partnership may

Column 8

the transaction with an option to continue or

calculate the penalty and interest amounts and

Nonresident individual only

cancel the transaction.

include them in the balance due on Form 58.

Complete Column 8 for each nonresident

individual partner who elected to be

Penalty. Calculate the penalty amount as

Instructions

included in a composite return. Multiply the

follows:

for completing

nonresident individual partner’s amount in

•

If Form 58 is ﬁ led on or before the due

Column 6 by 3.99% (.0399) and enter the

date (or extended due date), but the full

Schedule K-1

result in Column 8. If the amount in Column

amount of the tax due is not paid with the

6 is zero or less, enter zero in Column 8. See

return, the penalty is equal to 5% of the

“Composite ﬁ ling method” on page 3 for

A partnership is not subject to North

unpaid tax or $5.00, whichever is greater.

more information.

Dakota income tax. Instead, the partners are

•

If Form 58 is not ﬁ led on or before the

responsible for reporting and paying any

Speciﬁ c line

due date (or extended due date), the

applicable North Dakota income tax on their

penalty is equal to 5% of the tax due or

shares of the partnership’s income reportable

instructions for

$5.00, whichever is greater, for the month

to North Dakota.

in which the return was due plus 5% of

page 1 of Form 58,

North Dakota Schedule K-1 (Form 58)

the tax due for each additional month (or

lines 1-10

must be used by a partnership to provide

fraction of a month) during which the

information that partners will need to

return remains delinquent, not to exceed

complete a North Dakota income tax return.

25% of the tax due.

Complete Schedule FACT,

The information to be included in the

Schedule K, and Schedule KP before

Interest. Calculate the interest amount as

schedule will depend on the type of partner.

completing lines 1 through 10 on

follows:

page 1 of Form 58.

North Dakota Schedule K-1 (Form 58) must

•

If an extension of time to ﬁ le Form 58

Line 4

be completed and given to:

Estimated tax payments

was obtained, extension interest is

• Each nonresident individual, estate, or

calculated at the rate of 12% per year

Enter the amount paid with the 2012

trust partner.

on any tax due from the due date of the

Form 58-EXT and 2012 Form 58-ES plus

return to the earlier of the extended due

any overpayment to apply from the 2011

• Each partnership or corporation partner

date or the date the return was ﬁ led.

return. However, if this is an amended

having a North Dakota adjustment or tax

return, do not enter the amount paid with the

credit as reported on Form 58, Schedule K,

2012 Form 58-EXT, 2012 Form 58-ES, or

line 1 through 21, and, each partnership

or corporation partner owning a share of

the apportionment factors calculated on

Form 58, Schedule FACT.

Form 58 - North Dakota Partnership Income Tax Booklet - 2012 Page 11

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