NC-40 PTE: Taxed Partnership Estimated Income Tax (Revision)
North Carolina · North Carolina DOR · Used for tax years 2025
Form NC-40 PTE is used to make North Carolina estimated income tax payments for a taxed partnership or voluntary income tax prepayments for a partnership. It records the partnership’s identifying information, tax year, and payment amount, and includes a worksheet to calculate est
Who files this form
Use Form NC-40 PTE if you are:
- A Taxed Partnership required to make estimated income tax payments for the tax year.
- A partnership voluntarily making income tax prepayments.
Generally, a Taxed Partnership must pay estimated tax if it reasonably expects its North Carolina income tax liability to be at least $500 after subtracting tax credits.
When it's due
For the 2025 tax year, calendar-year filers generally pay in four equal installments due on or before:
- April 15, 2025
- June 15, 2025
- September 15, 2025
- December 15, 2025
For fiscal-year filers using this 2025 edition, installments are generally due on the 15th day of the fourth, sixth, ninth, and twelfth months of the taxable year.
If the partnership first meets the payment requirement later in the year, the schedule on page 2 determines the number, amount, and due dates of its installments.
If a payment due date falls on a federal or State holiday or a weekend, a payment postmarked by the day following that holiday or weekend is considered on time.
What you'll need
Have these details ready to complete the payment form:
- Beginning and ending dates of the tax year, in MM-DD-YY format.
- Federal Employer ID Number.
- N.C. Secretary of State ID Number, if applicable.
- Legal name, limited to the first 35 characters, and mailing address.
- Amount of the payment.
Include a check or money order in U.S. currency from a domestic bank.
If you use the optional estimated-tax worksheet, have estimates of income or loss to be reported on Federal Form 1065, Schedule K; North Carolina additions and deductions; income apportioned or allocated to North Carolina; and tax credits.
How to file
- Enter the partnership’s tax-year dates, identification numbers, legal name, address, and payment amount. Use capital letters for the name and address.
- Submit page 1 in its entirety. Do not submit page 2.
- Mail the form with your check or money order to:
N.C. Department of Revenue
P.O. Box 25000
Raleigh, N.C. 27640-0650
Do not send cash or tape or staple the check to the form.
If your address has changed since your last tax return, report the correct address on Form NC-AC, Address Correction Notification.
Common mistakes
- Sending the wrong pages: Submit all of page 1, but do not submit page 2.
- Sending cash or attaching the check: Do not send cash, and do not tape or staple the check to the form.
- Not reporting an address change: Use Form NC-AC if your address has changed since your last tax return.
- Including excluded partner income in the worksheet: Do not include income or loss allocated to North Carolina corporations or partnerships. Also exclude income or loss allocated to non-North Carolina corporations or partnerships if you plan to file Form NC-NPA on their behalf.
- Underpaying an installment: Not paying enough by an installment’s due date may result in interest, even if the partnership receives a refund when it files its return.
Questions people ask
Can a partnership make voluntary prepayments?
Yes. Form NC-40 PTE may be used by a partnership that voluntarily prepays income tax.
Is the estimated-tax worksheet required?
No. The form says the worksheet is provided for convenience and is not required to be completed.
What tax rate does the worksheet use?
The worksheet multiplies estimated income attributable to North Carolina on line 9 by 4.25%, then subtracts estimated tax credits to determine estimated net tax due.
Can underpayment interest apply even if the partnership gets a refund?
Yes. Interest may apply when an installment is underpaid, even if the partnership is due a refund when it files its return. Interest is calculated separately for each installment. The form refers to Form NC-429B PTE for more information.