North Carolina LLC Taxes Overview
The tax-deductible for an LLC in North Carolina includes mortgage interest, real estate property taxes, charitable contributions, and medical expenses. An LLC files taxes on its own personal tax returns. An LLC taxed as a C corporation files a separate federal income tax return each year and pays taxes at the corporate level.
Forming an LLC in North Carolina
To form an LLC in NC: Choose a unique business name, file Articles of Organization with the NC Secretary of State, and obtain necessary licenses and permits for your industry. You may also need to register for taxes.
Paying NC State Business Taxes
You can make an estimated income tax payment with an Individual or Fiduciary Online Services account. North Carolina income tax is a flat tax, meaning the state charges a consistent rate of 5.499 percent without income tax rates that fall into different tax brackets based on income level.
Go to www.ncdor.gov to fill out and submit your E-500 sales tax form. Select "File E-500 and pay the full amount online" and follow the step-by-step instructions.
To pay NC state taxes for your business, make your check or money order payable to the NC Department of Revenue. Due Dates (G.S. 105-228.5(e)): Annual returns along with payment of tax are due on or before March 15 of each year.
You must either mail in a check with the form D-400V voucher or arrange payment for taxes due separately on the NCDOR website. Here’s the page to do so.