This document contains official instructions for Form E-588 , Business Claim for Refund State, County and Transit Sales and Use Taxes - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-588 is available for download through this link.
Q: What is Form E-588?
A: Form E-588 is a form used in North Carolina for business to claim a refund on state, county, and transit sales and use taxes.
Q: Who can use Form E-588?
A: Any business that has paid sales and use taxes in North Carolina can use Form E-588 to claim a refund.
Q: What taxes can be refunded using Form E-588?
A: Form E-588 can be used to claim a refund on state, county, and transit sales and use taxes.
Q: What information is required on Form E-588?
A: Form E-588 requires information such as the business name, address, tax identification number, and details of the taxes being claimed for refund.
Q: Are there any deadlines for submitting Form E-588?
A: Yes, Form E-588 must be submitted within three years from the due date of the tax return or within six months from the date the tax was paid, whichever is later.
Q: How long does it take to process a refund claim?
A: Processing times may vary, but the Department of Revenue aims to process refund claims within 90 days of receiving the complete and accurate form.
Q: What supporting documentation is required with Form E-588?
A: Supporting documentation, such as invoices, receipts, and proof of payment, should be included with Form E-588 to support the refund claim.
Q: Can multiple refund claims be filed on a single Form E-588?
A: No, each period being claimed for refund must have a separate Form E-588.
Q: What should I do if my refund claim is denied?
A: If your refund claim is denied, you have the option to appeal the decision with the North Carolina Department of Revenue.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the North Carolina Department of Revenue.