Instructions for Form E-554 Consumer Use Tax Return - North Carolina

Form E-554 Consumer Use Tax Return - North Carolina

This document contains official instructions for Form E-554 , Consumer Use Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-554 is available for download through this link.

FAQ

Q: What is Form E-554?
A: Form E-554 is the Consumer Use Tax Return for North Carolina.

Q: Who needs to file Form E-554?
A: Any individual or business who purchased tangible personal property or services for their own use or consumption in North Carolina and did not pay sales tax on the purchase needs to file Form E-554.

Q: When is Form E-554 due?
A: Form E-554 is due on or before the 15th day of the month following the month in which the purchase was made.

Q: What information do I need to complete Form E-554?
A: You will need to provide information about your purchases, including the vendor's name, date of purchase, cost of the purchase, and the amount of use tax owed.

Q: Is there a penalty for not filing Form E-554?
A: Yes, there may be penalties for failing to file or pay the use tax owed on time.