60: Form 60 - S Corp Income Tax Return (2024)
North Dakota · ND Tax Commissioner · Used for tax years 2024
Form 60 is North Dakota’s 2024 S Corporation Income Tax Return. It reports tax on excess net passive income and built-in gains, withholding and composite tax for nonresident shareholders, payments, and any refund or balance due. Its schedules also report North Dakota apportionmen
What you'll need
Attach a copy of your 2024 federal Form 1120S, including Schedules K-1, and copies of your North Dakota Schedules K-1.
Depending on the items reported, you may also need:
- Form 1099 and/or North Dakota Schedule K-1 showing North Dakota income tax withheld that you claim on page 1, line 5.
- A statement listing the name and federal employer identification number of each qualified subchapter S subsidiary (QSSS) included in the return.
- The North Dakota net operating loss deduction worksheet if claiming that deduction on Schedule BG.
- Supporting schedules, documentation, or approval letters required for the exemptions and credits claimed on Schedule K.
- Completed Property Tax Clearance Records from each county identified in Schedule K's property tax clearance section.
- Copies of Form PWA or Form PWE, if applicable to Schedule KS.
Have each shareholder's name, address, Social Security number or federal employer identification number, entity type, ownership percentage, and distributive share information ready for Schedule KS.
How to file
- Complete the applicable schedules on pages 2 through 5 before completing lines 1 through 13 on page 1. All corporations must complete the applicable portions of Schedule FACT, as well as Schedules K and KS.
- Complete page 1 with the corporation's information, taxes, payments, and any refund or balance due.
- After completing Form 60, complete North Dakota Schedule K-1 (Form 60) for the shareholders. Attach the required federal return, K-1 copies, and other supporting documents.
- Have an officer sign and date the return and print their name. The form also has a paid preparer signature section.
Mail to:
Office of State Tax Commissioner
600 E. Boulevard Ave., Dept. 127
Bismarck, ND 58505-0599
Common mistakes
- Completing page 1 before the schedules. The form directs you to complete the applicable schedules on pages 2 through 5 first.
- Skipping required schedules. All corporations must complete the applicable portions of Schedule FACT and must complete Schedules K and KS.
- Leaving shareholders out of Schedule KS. Complete columns 1 through 5 for all shareholders. Columns 6 through 8 are for nonresident shareholders only, with columns 7 or 8 completed if applicable.
- Overlooking property tax clearance. All taxpayers must read this section of Schedule K. If claiming a deduction or credit on one of the listed lines, complete the section and attach the required county clearance records.
- Forgetting shareholder K-1s. After completing Form 60, complete North Dakota Schedule K-1 (Form 60) for the shareholders.
Questions people ask
Can I apply an overpayment to next year's estimated tax?
Yes. Page 1, line 9 lets you apply an amount from line 8 to your 2025 estimated tax.
What if my calculated refund is less than $5?
Enter 0 on line 10 if the calculated refund is less than $5. The form also directs you to enter 0 for an overpayment on line 8 or tax due on line 11 if the result is less than $5.
What must I attach if the return includes a QSSS?
Check “Yes” in item H and attach a statement listing the name and federal employer identification number of each qualified subchapter S subsidiary included in the return.
What if Schedule KS does not have enough room for all shareholders?
Attach additional pages if you need more lines.
Can I authorize the Tax Commissioner to discuss the return with my paid preparer?
Yes. The form includes an authorization for the North Dakota Office of State Tax Commissioner to discuss the return with the paid preparer.