CD-418: Cooperative or Mutual Association (2024)
North Carolina · North Carolina DOR · Used for tax years 2024
Form CD-418 is the 2024 North Carolina income tax return for a cooperative or mutual association. It reports taxable income, adjustments, contributions, tax, payments and credits, and any balance due or overpayment.
Who files this form
Form CD-418 is the 2024 North Carolina income tax return for a cooperative or mutual association. The form includes options for initial, amended, final, and short-year returns, as well as associations that are tax-exempt under IRC § 521.
When it's due
For the 2024 tax year, the return is due by the 15th day of the 9th month after the end of the income year.
What you'll need
Have your association’s legal name, address, federal employer ID number, NAICS code, and Secretary of State ID available.
Depending on your return, you may also need:
- Federal income tax return and supporting schedules. Complete Schedule B if you do not attach a copy of your federal return. Complete Schedule L only if you do not attach your federal return with all supporting schedules.
- Form CD-419 for the income tax extension payment entered on Line 7a.
- Form D-403 NC K-1. A copy must be attached if you claim a partnership payment on Line 7c.
- Form 1099 or W-2. Include a copy if you claim nonresident withholding on Line 7d.
- Form CD-425. Complete it if you claim tax credits on Line 7e.
- Supporting schedules for entries marked “Attach schedule,” such as certain income, deductions, and balance sheet amounts.
- Form NC-EDU and your payment if you make a separate contribution to the N.C. Education Endowment Fund.
How to file
Complete the applicable schedules and transfer their totals to Schedule A. Have an officer sign, enter their title, and date the return. The form also includes a signature and date area for a paid preparer.
Mail the original return to:
N.C. Dept. of Revenue
P.O. Box 25000
Raleigh, N.C. 27640-0500
The form says you may pay your tax online and refers you to the instructions for Form CD-405. Payments must be in U.S. currency from a domestic bank. The supplied text does not provide e-filing instructions.
Common mistakes
- Do not include the handwritten-form instruction page with your return.
- Use blue or black ink, not red ink.
- Do not use dollar signs, commas, or other punctuation marks in handwritten entries.
- When printing, set page scaling to “none,” uncheck Auto-Rotate and Center, and do not print on both sides.
- Submit originals only, not photocopies, and do not mix form types.
- Use capital letters for your name and address.
- Fill in the negative-amount circle if Schedule A, Line 1, 2, 3, or 5 is negative.
- Attach Form D-403 NC K-1 if you claim a partnership payment on Line 7c, and a copy of Form 1099 or W-2 for nonresident withholding on Line 7d.
- For an amended return, enter the extension payment claimed on the original return on Line 7b, as directed by the form.
Questions people ask
What income tax rate does the form use?
Schedule A, Line 6 instructs you to multiply net taxable income on Line 5 by 2.5%.
Do I need to complete Schedule B if I attach my federal return?
The form directs you to complete Schedule B if you do not attach a copy of your federal income tax return.
What can I do with an overpayment?
You can apply part or all of it to 2025 estimated income tax, contribute amounts to the N.C. Nongame and Endangered Wildlife Fund or the N.C. Education Endowment Fund, or receive the remaining amount as a refund. These choices appear on Lines 14 through 17.
How do I report a federal filing extension?
Answer the form’s Yes/No question asking whether you were granted an automatic extension to file your 2024 federal income tax return, Form 1120-C.
Can I let the Department of Revenue discuss the return with my paid preparer?
Yes. Check the authorization box near the signature area to allow the Department to discuss the return and attachments with the paid preparer listed on the form.