Form D-422 Underpayment of Estimated Tax by Individuals - North Carolina

What Is Form D-422?

This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form D-422?
A: Form D-422 is a form used to report underpayment of estimated tax by individuals in North Carolina.

Q: Who needs to use Form D-422?
A: Individuals who have underpaid their estimated tax in North Carolina need to use Form D-422.

Q: How do I know if I need to file Form D-422?
A: You need to file Form D-422 if you have underpaid your estimated tax in North Carolina and owe additional tax.

Q: When is the deadline to file Form D-422?
A: Form D-422 must be filed by the due date of your North Carolina individual income tax return, which is usually April 15th.

Q: What information do I need to provide on Form D-422?
A: On Form D-422, you need to provide your personal information, details of your underpayment, and calculate the interest and penalties owed.

Q: Are there any penalties for underpaid estimated tax?
A: Yes, if you underpaid your estimated tax in North Carolina, you may be subject to interest and penalties.

Q: Can I pay the underpaid tax along with Form D-422?
A: Yes, you should include the payment for the underpaid tax along with Form D-422 when you file it.

Q: Is Form D-422 only for residents of North Carolina?
A: No, Form D-422 is for individuals who underpaid their estimated tax in North Carolina, regardless of their residency status.