Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I would like to confirm what is the deadline for filling…

Hello, I would like to confirm...
Hello,
I would like to confirm what is the deadline for filling LLC/partneship income tax and personal income tax in NC. Is it the same for S corp or C corp?
What are the forms required for LLC other than invoices or bank statements?Thank you
Show More
Show Less
Ask Your Own Finance Question
Answered in 2 minutes by:
3/13/2018
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Finance
Satisfied Customers: 2,743
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified

Hello!

My name is***** will assist you today.

Please give me one moment while I review your question and type my initial response

Ask Your Own Finance Question

North Carolina's filing requirements coincide with the Internal Revenue Services Date.

This information is provided in IRS Publication 509, which I have linked to below.

S corporations are due March 15th 2018. NC State required form for S Corp is CD-401S . File a 2017 calendar year income tax return (Form 1120S) and pay any tax due. Provide each shareholder with a copy of their Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc., or substitute Schedule K-1 (Form 1120S).

To request an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in tax. Then file the return; pay any tax, interest, and penalties due; and provide each shareholder with a copy of their Schedule K-1 (Form 1120S) by September 17.

___

Corporations filing due date is April 17th, 2018

Corporations. NC State Corporation tax return Form is CD-405. File a 2017 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6-month extension of time to file the return, file Form 7004 and deposit what you estimate you owe in taxes.

____

Here is a link to the forms and Pub 509

https://www.irs.gov/pub/irs-pdf/p509.pdf

https://www.ncdor.gov/documents/2017-cd-401s-s-corporation-tax-return

https://www.ncdor.gov/documents/2017-cd-405-c-corporation-tax-return

Please let me know if this has answered your question or if you have any additional questions.

When you have no further questions a positive rating of 5 stars is much appreciated.

Thank you!

Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Finance
Satisfied Customers: 2,743
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
Verified
Chad EA, CDFA®, CFP® and 87 other Finance Specialists are ready to help you
Ask your own question now
Customer reply replied 5 months ago
Thanks Chad! How about the deadline for LLC/partneship?
Customer reply replied 5 months ago
okay, thank you Chad!

The single member LLC is due by April 17th

Partnership is due by March 15

Ask Your Own Finance Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a financial professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Chad EA, CDFA®, CFP® Your Own Question
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Finance
Satisfied Customers: 2,743
2,743 Satisfied Customers
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA

Chad EA, CDFA®, CFP® is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I have a LLC (S-Corp). I receive a salary and the rest of it
Hello, I have a LLC (S-Corp). I receive a salary and the rest of it I receive as distributions. Recently I purchased a home and now the mortgage company is asking me for documentation explaining a $25… read more
Lev
Lev
Retired
Bachelor\u0027s Degree Equivalent
27,179 satisfied customers
If I have a solo proprietorship and I want to make the
If I have a solo proprietorship and I want to make the business more legitimate are there steps such as establishing a bank account or registering for an EIN that I need to do? What would be your advi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
Thanks for helping me out. I have a new question. I started
Thanks for helping me out. I have a new question. I started my company as an LLC and elected to be S corp (by submitting form 8832). I have filed and paid federal and pa state tax in 2015 and 2016 (pa… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I am starting a business. I would like some help in deciding
Hi my name is ***** ***** I am starting a business. … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
It is not a tax question per se. I just created an LLC. I am
It is not a tax question per se. I just created an LLC. I am a physician, solo practice and will be a private contractor with a Hospital. When I created the LLC, I did not create it as an S-corp, but that is what I want to do. However, it is not clear to me if I have to fill both the 8832 and the 2553 forms, or only the 2553 form. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I have a investment property with my bother. We are thinking
I have a investment property with my bother. We are thinking about putting it in a LLC but would like to know the tax benefits of doing so if there are any?? In the past we just split all the income a… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I want to incorporate my business this year either to LLC, S
I want to incorporate my business this year either to LLC, S corp or C corporation, because now my families assets are growing and to protect us personally from losing everything in the event of a law… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
848 satisfied customers
I have a simple but probably unusual accounting question I
I have a simple but probably unusual accounting question I am an American citizen and I'm interested in setting up an offshore LLC (like a Nevis LLC) to manage my personal investments (in stocks and bonds held in offshore brokerages) and also some consulting work that I do (consulting work is in the US). I would be the sole member. I understand that if I elect to be considered a disregarded entity (in form 2553 and/or form 2883) on my personal income tax return, I would report all income from the Nevis LLC on my Schedule C, but my understanding is that tax returns with Schedule C returns have a much higher risk of being audited (than returns with income on Schedule E, like income from an S Corp) - so as an American citizen is there any way to have a single member offshore LLC and report its income on my tax return like an S Corp's income (Schedule E) would be reported? If no, then if I had a multi-member offshore LLC, could I then report the offshore LLC income on Schedule E? Or is the tradeoff of owning an offshore LLC that the income gets reported on Schedule C and therefore increases the audit risk? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
Hope you all doing great today, can someone clarify the
Hello, hope you all doing great today, can someone clarify the following please, we have a registered company in India (Parent company) and recently we formed an LLC (Subsidiary) in USA with a differe… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I'm starting an ecommerce company that will be selling in
I'm starting an ecommerce company that will be selling in US, Canada, UK/Europe, and Australia. I would like to know the following: Best state to incorporate with no business or personal tax may be Wy… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
My question is, if my wife receives an advance in her salary
Hello, My question is, if my wife receives an advance in her salary at the end of the year and puts it into the company we started to purchase materials needed for a project, can we right it off under… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I am a clinical psychologist. Last year, 2014, I created an
I am a clinical psychologist. Last year, 2014, I created an LLC in the State of Hawaii, with a plan to start my own private practice. It is a sole member LLC (company name in initials: "PH") by IRS, a… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
I want to run this detailed scenario by a Tax professional
I want to run this detailed scenario by a Tax professional for any advice, gotchas, or implications I will need to be aware of as not to be surprised in terms of liability or issues with taxation. 1) … read more
olwagner
olwagner
30 satisfied customers
Tax implication on rental property ownership Hello, I have
Tax implication on rental property ownership Hello, I have a rental property that is currently owned by me as an individual. I am considering transferring the owner to a LLC for asset protection. I am… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
47 satisfied customers
if I own a single member LLC and I elected to file S election.
if I own a single member LLC and I elected to file S election. Is the entity considered still disregarded for fedral tax purposes ? I would like to have a reference in the answer to look up as I resea… read more
BK-CPA
BK-CPA
Bachelor\u0027s Degree
919 satisfied customers
1. choices about audit evidence are influence by all of the
1. choices about audit evidence are influence by all of the following except: a. the auditors understanding of the business and industry b. decisions about inherent risk and control risk c. comparison… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 satisfied customers
I had a business in 2009... I earned money outside my current
I had a business in 2009... I earned money outside my current employer from whom I received a W2. I did receive 2 1099-MISC for a brief consulting period last year (total was about $6,000). I earned n… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor\u0027s Degree
252 satisfied customers
Ok I have owned a corporation before. It was a C Corp. and
Ok I have owned a corporation before. It was a C Corp. and then I reverted over to an S Corp. I realize there is a separate corporate return to be filed and K-1 figures are then carried over from this… read more
RD
RD
Self Employed
Master\u0027s Degree
1,164 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x