Instructions for Form E-500 Sales and Use Tax Return - North Carolina

Form E-500 Sales and Use Tax Return - North Carolina

This document contains official instructions for Form E-500 , Sales and Use Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-500 is available for download through this link.

FAQ

Q: What is Form E-500?
A: Form E-500 is the Sales and Use Tax Return in North Carolina.

Q: Who needs to file Form E-500?
A: Any business or individual engaged in retail sales, rentals, or use of tangible personal property must file Form E-500.

Q: What is the purpose of Form E-500?
A: Form E-500 is used to report and pay sales and use tax owed to the state of North Carolina.

Q: When is Form E-500 due?
A: Form E-500 must be filed and the tax paid by the 20th day of the month following the end of the reporting period.

Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, including late filing fees and interest on unpaid taxes.

Q: What are some common mistakes to avoid when filing Form E-500?
A: Some common mistakes to avoid include incorrect calculation of tax owed, failure to report all sales and use tax transactions, and late filing.