This document contains official instructions for Form E-555 , Boat and Aircraft Use Tax Return - a form released and collected by the North Carolina Department of Revenue. An up-to-date fillable Form E-555 is available for download through this link.
Q: What is Form E-555?
A: Form E-555 is the Boat and Aircraft Use Tax Return for North Carolina.
Q: Who needs to file Form E-555?
A: Anyone who purchases a boat or aircraft and registers it in North Carolina must file Form E-555.
Q: What is the purpose of Form E-555?
A: Form E-555 is used to report and pay the use tax on boats and aircraft purchased out-of-state and brought into North Carolina.
Q: When is Form E-555 due?
A: Form E-555 is due on or before the 20th day of the month following the purchase of the boat or aircraft.
Q: What information is required on Form E-555?
A: Form E-555 requires information such as the purchase price, date of purchase, and details of the boat or aircraft.
Q: Are there any exemptions or deductions available on Form E-555?
A: Yes, there are certain exemptions and deductions available for specific situations. Consult the instructions and guidelines provided with the form for more information.
Q: What happens if I don't file Form E-555?
A: Failure to file Form E-555 and pay the required use tax may result in penalties and interest being assessed by 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.