This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form D-403 for the current year.
This document contains official instructions for Form D-403 , Partnership Income Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form D-403 is available for download through this link.
Q: What is Form D-403?
A: Form D-403 is the Partnership Income Tax Return for North Carolina.
Q: Who should file Form D-403?
A: Partnerships doing business in North Carolina with at least one member who is a North Carolina resident, or any partnership deriving income from North Carolina sources, should file Form D-403.
Q: When is the deadline to file Form D-403?
A: Form D-403 must be filed by the 15th day of the fourth month following the close of the partnership's tax year, which is typically April 15th for calendar year partnerships.
Q: Are there any filing fees for Form D-403?
A: No, there are no filing fees for Form D-403.
Q: Are there any penalties for late filing of Form D-403?
A: Yes, there may be penalties for late filing, failure to file, or underpayment of tax. It is important to file Form D-403 by the deadline to avoid penalties.
Q: What are some common attachments to Form D-403?
A: Some common attachments to Form D-403 include Schedule K-1 for each partner, schedules detailing income and deductions, and any other supporting documentation as required.
Q: How can I pay any taxes owed with Form D-403?
A: Taxes owed with Form D-403 can be paid electronically, by check or money order, or through an electronic funds transfer.
Q: Can Form D-403 be filed electronically?
A: Yes, Form D-403 can be filed electronically using the North Carolina Department of Revenue's eFile system.
Q: Is Form D-403 the only form required for partnership taxes in North Carolina?
A: No, in addition to Form D-403, partnerships may also need to file other forms and schedules depending on their specific circumstances. It is always best to consult the North Carolina Department of Revenue or a tax professional for guidance.
Instruction Details:
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