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Screen NCTPW - North Carolina Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different for the next tax year. The application uses this data to calculate the North Carolina Tax Projection Worksheet. This worksheet is based on current law and next year’s tax law differences (when known). Enter only the items you expect to be different for the coming year. If you don't expect a difference, leave the field blank to allow the current-year amount to automatically transfer to the next-year column of the North Carolina Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in the NCTPW screen won't automatically transfer the current-year amount.

Income Tax

Income tax (Force)
The total tax for next year automatically calculates by applying the current year tax rates to the projected taxable income. Use this field to override this calculated amount, if needed.
2025
 overpayment credited to
2026
 (C Corp / Force)
Enter the total amount of estimated tax payments projected for next year and the amount of current year overpayment that will be credited to next year. If this field is blank, the application defaults to the sum of any payments reported on Form(s) CD-425 - Corporation Estimated Income Tax, plus any additional amounts paid that are reported under the Next Year Estimates Paid column of the NCEst screen plus the
Credited to next year’s estimated tax
 amount from the current year return.

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