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Cary North Carolina online Form 1099-OID: What You Should Know

Tax1099 lets you file your annual state return online while you are away from home and allows you to print your state form and any attachments on your computer for immediate and easy use. Form 1099 Reporting Requirements — N.C.G.S. Your North Carolina income tax return should be filed with the State. This form should be filed if you: Earn money from a North Carolina employment. Receive compensation in excess of 150,000 in the current year, or Income received from a North Carolina business that generates any income is more than 50,000. If you earned income from employment of 150,000 or more this year, we require you to file a self-employment tax return with North Carolina. Your Form 1099-INT must be filed and a North Carolina income tax return filed if your North Carolina income exceeds 50,000. How to prepare and file your North Carolina income tax return? You have two ways to prepare your North Carolina income tax return: use the North Carolina Income Tax Calculator in this tax table or file your income tax return using the Online North Carolina Return Filing Tool. To file an electronically filed income tax return, complete and file a North Carolina income tax return using our free online software, North Carolina Income Tax Calculator. Using this online free software we calculate the state income tax for all North Carolina taxpayers and provide your tax return with a printable income tax table that you can print and use when filing electronically. After completing your online North Carolina Income Tax Return filing, send your completed return (in paper and/or electronic form) to us in the mail using Form 4872. You can complete a North Carolina state tax return using either the electronically filed “online” state income tax return, or you can prepare your state return by sending us an annual North Carolina Income Tax Form 4872. We will prepare your filing for you along with a paper North Carolina return or a printed paper return of your North Carolina state tax return. If you have an Annual Schedule for North Carolina Residents, it is important that we have a copy of that schedule of North Carolina income tax amounts. If you do not have your Annual Schedule and have not filed your North Carolina annual return yet, you can download and view Form 4872.

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