17 N.C. Admin. Code 6B.3521

Current through Register Vol. 39, No. 6, September 16, 2024

Section 06B .3521 - ESTIMATED INCOME TAX

No estimated income tax is required of a partnership. A resident individual partner who meets the statutory requirements of G.S. 105-163.15 must pay estimated income tax on Form NC-40. Nonresident individual partners are not required to pay estimated tax on their distributive share of partnership income.

17 N.C. Admin. Code 06B .3521

Authority G.S. 105-163.15; 105-262;
Eff. February 1, 1976;
Amended Eff. November 1, 1994; June 1, 1990;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 26, 2015.

Authority G.S. 105-163.15; 105-262;
Eff. February 1, 1976;
Amended Eff. November 1, 1994; June 1, 1990.