Form R-1 Conveyance Tax Return - North Carolina

What Is Form R-1?

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 R-1?
A: Form R-1 is the Conveyance Tax Return form used in North Carolina.

Q: Who needs to file Form R-1?
A: Anyone who is involved in the conveyance of real property in North Carolina needs to file Form R-1.

Q: What is conveyance tax?
A: Conveyance tax is a tax on the transfer of real property.

Q: How do I fill out Form R-1?
A: You can fill out Form R-1 by providing the required information about the conveyance of real property, such as the buyer and seller's information, property details, and tax calculation.

Q: Are there any exemptions to the conveyance tax?
A: Yes, there are certain exemptions to the conveyance tax. You should consult the North Carolina Department of Revenue or a tax professional for more information about exemptions.

Q: What happens if I don't file Form R-1?
A: If you don't file Form R-1 or pay the conveyance tax, you may be subject to penalties and interest.

Q: Is Form R-1 specific to North Carolina?
A: Yes, Form R-1 is specific to North Carolina and is used for reporting conveyance tax in the state.