Supported Forms

The following North Carolina forms are supported in Drake Tax 2023. NC forms cannot be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
CD-401S	S Corporation Tax Return			P
CD-405	C Corporation Tax Return		P
CD-419	Application for Franchise/Corporate Income Tax Extension		P	P
CD-425	Corporate Tax Credit Summary		P	P
CD-429	Corporate Estimated Income Tax		P	P
CD-429PTE	Taxed S Corporation Estimated Income Tax			P
CD-V	Corporate Income/Franchise Tax Payment Voucher		P	P
CD-V Amended	Amended Corporation Income/Franchise Tax Payment Voucher		P	P
D-400	Individual Income Tax Return	P
D-400TC	Individual Income Tax Credits	P
D-400V	Individual Income Payment Voucher	P
D-400V Amended	Amended Individual Income Payment Voucher	P
D-403	Partnership Income Tax Return				P
D-403 NC-NPA	Nonresident Partner Affirmation				P
D-403TC	Partnership Tax Credit Summary				P
D-403V	Partnership Income Payment Voucher				P
D-403V Amended	Amended Partnership Income Payment Voucher				P
D-407	Estates and Trusts Income Tax Return					P
D-407TC	Estates and Trusts Tax Credit Summary					P
D-407V	Estates and Trust Payment Voucher					P
D-407V Amended	Amended Estates and Trust Payment Voucher					P
D-410	Application for Extension for Filing Individual Income Tax Return	P
D-410P	Application for Extension for Filing Partnership, Estate, or Trust Tax Return				P	P
D-422	Underpayment of Estimated Tax by Individuals	P
D-422A	Annualized Income Installment Worksheet	P
GEN-58	Power of Attorney and Declaration of Representative	P	P	P	P	P
NC K-1 (CD-401S)	Shareholder’s Share of N.C. Income, Adjustments, and Credits			P
NC K-1 (D-403)	Partner’s Share of N.C. Income, Adjustments, and Credits				P
NC K-1 (D-407)	Beneficiary's Share of North Carolina Income, Adjustments, and Credits					P
NC K-1 Supplemental Schedule	Owner or Beneficiary's Share of N.C. Additions and Deductions			P	P	P
NC-14	Notice of Contingent Event or Request to Extend Statute of Limitations	P	P	P
NC-40	Individual Estimated Income Tax	P
NC-40 PTE	Taxed Partnership Estimated Income Tax				P
NC4562	Depreciation and Amortization			P	P
NC-478	Summary of Tax Credits Limited to 50% of Tax	P	P	P	P	P
NC-5500	Request to Waive Penalties	P	P	P	P	P
NC-EDU	NC Education Endowment Fund Contribution	P	P			P
NC-NA	Nonresident Shareholder Agreement			P
NC-NOL	Net Operating Loss Worksheet	P
NC-PE	N.C. Additions and Deductions for Pass-Through entities, Estates, and Trusts			P	P	P
NC-Rehab	Historic Rehabilitation Tax Credits	P	P	P	P	P
RO-1033	Installment Agreement Request	P	P
Schedule A (D-400)	N.C. Itemized Deductions	P
Schedule AM (D-400)	Amended Schedule	P
Schedule NC-478	Pass-Through Schedule for NC-478 Series	P	P	P	P	P
Schedule PN (D-400)	Part-Year and Nonresident Schedule	P
Schedule PN-1 (D-400)	Other Additions and Other Deductions	P
Schedule S (D-400)	N.C. Adjustments for Individuals	P

New Forms

• D-403V – Partnership Income Payment Voucher

• D-403V Amended – Amended Partnership Income Payment Voucher

• D-407V – Estates and Trust Payment Voucher

• D-407V Amended – Amended Estates and Trust Payment Voucher

Modified Forms

• CD-425, Corporate Tax Credit Summary, and D-403TC, Partnership Tax Credit Summary – Removed Part 5, Credit for Income Tax Paid to Another State or Country

• D-403, Partnership Income Tax Return

  • Added several lines to Part 4, Section E

  • Removed Sections F and G of Part 4

• NC-NOL, Net Operating Loss Worksheet – Added Parts 2B and 2C

Tax Law Change

The 2023 individual income tax rate has been reduced to 4.75%.