How Do Nebraska Part Year and Nonresidents Calculate Tax?

The calculation of tax for nonresidents and partial-year residents is not a matter of simply determining Nebraska source income and calculating tax based on that income. Nonresidents and partial-year residents must calculate a tentative tax based on all income, and then determine actual tax liability based on the percentage of Nebraska source income to all income. This tax is calculated using [...]

North Carolina Adjustment for Additional First Year Depreciation

Bonus Depreciation. North Carolina did not adopt the 100% bonus depreciation provisions in IRC sections 168(k) or 168(n) for property placed in service for tax year 2021. You must add 85% of the amount of bonus depreciation deducted on your federal return to your state return. On Line 3, enter 85% of the amount of bonus depreciation deducted on your federal return. Note: If you are required [...]

North Carolina NC-478 Business Incentive and Energy Credit

Use the NC-478 series to calculate and report tax credits that are limited to 50% of tax less the sum of all other tax credits claimed. The NC-478 letter series forms are used to calculate the specific credits available without regard to the 50% limitation and are designed to report a taxpayer’s activity at an establishment or at a county level. If a taxpayer engages in an activity that [...]

How do I check on the status of my DC refund?

Refund status inquiry To check the status of your refund visit MyTax.DC.gov You will need to enter your taxpayer identification number (TIN) and the refund amount you requested on your [...]

North Carolina Part-Year and Nonresident

If you or your spouse, if married filing jointly, were not full-year residents of North Carolina during tax year 2021, you must complete Form D-400 PN to determine the percentage of federal adjusted gross income, as adjusted, that is subject to North Carolina income tax. You are a “part-year resident” if you moved to North Carolina and became a resident during the tax year, or you [...]