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Instructions for Form CRO-1265 Exempt Purchase Price Sales - North Carolina
This document contains official instructions for Form CRO-1265 , Exempt Purchase Price Sales - a form released and collected by the North Carolina State Board of Elections. An up-to-date fillable Form CRO-1265 is available for download through this link.
FAQ
Q: What is Form CRO-1265?
A: Form CRO-1265 is a tax form used for reporting exempt purchase price sales in North Carolina.
Q: Who needs to file Form CRO-1265?
A: Businesses that have made exempt purchase price sales in North Carolina need to file Form CRO-1265.
Q: What are exempt purchase price sales?
A: Exempt purchase price sales are sales in which the purchaser is exempt from paying sales tax on the purchase.
Q: What information is required on Form CRO-1265?
A: Form CRO-1265 requires information on the seller, purchaser, and details of the exempt purchase price sales.
Q: When is the deadline for filing Form CRO-1265?
A: Form CRO-1265 must be filed annually by January 31st of the following year.
Q: Are there any penalties for late filing of Form CRO-1265?
A: Yes, there are penalties for late filing of Form CRO-1265, including possible interest charges and other penalties as determined by the North Carolina Department of Revenue.
Q: Is Form CRO-1265 specific to North Carolina?
A: Yes, Form CRO-1265 is specific to reporting exempt purchase price sales in North Carolina.
Instruction Details:
- This 1-page document is available for download in PDF;
- Actual and applicable for the current year;
- Complete, printable, and free.
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 State Board of Elections.
