What is Form NC-5Q?

Form NC-5Q (Quarterly Withholding Tax Return) is used by North Carolina employers to report and reconcile state income tax withheld from employee wages on a quarterly basis. This form is specifically for semi-weekly withholding filers, meaning employers who are required to deposit withheld taxes multiple times each month due to higher withholding amounts.

Key points:

• Form NC-5Q summarizes the total tax payments made during the quarter.

• It ensures that all deposits made align with the total withholding liability.

• The return is due on the last day of the month following the end of each calendar quarter.

Timely filing of Form NC-5Q helps employers stay compliant with the North Carolina Department of Revenue (NCDOR) withholding requirements.