Form Sc8736 Instructions printable pdf download

SC8736 INSTRUCTIONS

WHO MAY FILE: This application can be used by the following:

1. a partnership filing an SC1065

2. a fiduciary filing an SC1041

Mark the appropriate box on the front of this form to indicate the type of extension being requested.

If you estimate that your SC income tax return will show a tax balance due, you are required to file a SC extension form

and pay all taxes due by the due date of the return (generally April 15). To avoid the failure to pay penalty, you must pay

at least 90% of the tax due by this date.

The extension must be properly signed.

To request an extension of time for a partnership, submit this form stating the reason(s) for the extension of time and the

number of days. EACH partner must prepare and submit a SC4868 in order to obtain an extension of time for the

individual return. NOTE: At the time of the final approval of this form, the Internal Revenue Service (IRS) was considering

the approval of a single six month extension to October 15. If the IRS approves this extension, you will have the same

amount of time to file your SC return. No additional extension would be required.

REMINDERS:

See SC1065 and instructions for information on the requirement by partnerships to pay withholding tax on South

Carolina taxable income of nonresident partners.

Refunds cannot be issued from the SC1065. An overpayment must be claimed and refunded at the partner level.

B. WHEN TO FILE: File this application ON OR BEFORE April 15th, or before the original due date of your fiscal year

return. If the due date for filing your return falls on a Saturday, Sunday, or legal holiday, substitute the next regular

working day.

C. HOW AND WHERE TO FILE: File the original SC8736 with the SC Department of Revenue and pay the amount on

line 5, Part I. Attach a copy to the back of your return when it is filed. Retain a copy of this form for your records. Your tax

return may be filed any time prior to the expiration of the extension.

D. HOW TO CLAIM CREDIT FOR PAYMENT MADE WITH THIS APPLICATION ON YOUR RETURN: Show the

amount paid with this application on the appropriate line of your tax return. Correct identification numbers in the

spaces provided on all forms are very important!

E. COMPUTE AMOUNT DUE WITH EXTENSION:

LINE 1.

Enter the amount of income tax you expect to owe for the current tax year (the amount you expect to enter on

the tax return, when you file). Be sure to use good judgement in estimating the amount you owe. To avoid the failure to

pay penalty, you must pay at least 90% of the tax due by April 15, and pay the balance due when you file your return

within the extended time period.

LINE 5. An extension of time to file your tax return will NOT extend the time to PAY your income tax. Therefore, you

must PAY IN FULL WITH THIS FORM the amount of income tax shown on line 5, Part I, page 1. Make your check

payable to the "SC Department of Revenue". Write your file number and/or EIN and "2005 SC8736" on the payment.

Staple payment to the front of this form in the indicated area.

F. INTEREST AND PENALTY FOR FAILURE TO PAY TAX: The extension of time to file your South Carolina tax return

granted by this application DOES NOT extend the time for payment of tax. Any unpaid portion of the final tax due will

bear interest at the prevailing federal rates.This amount is computed from the original due date of the tax return to the

date of payment. In addition to the interest, a penalty at the rate of 1/2% per month to maximum of 25% must be added

when the amount remitted with the extension fails to reflect at least 90% of the tax due by April 15. The penalty will be

imposed on the difference between the amount remitted with the extension and the tax to be paid for the period.

Social Security Privacy Act Disclosure

It is mandatory that you provide your social security number on this tax form, if you are an individual. 42 U.S.C 405(c)(2)(C)(i) permits

a state to use an individual's social security number as means of identification in administration of any tax. SC Regulation 117-201

mandates that any person required to make a return to the SC Department of Revenue shall provide identifying numbers, as

prescribed, for securing proper identification. Your social security number is used for identification purposes.

The Family Privacy Protection Act

Under the Family Privacy Protection Act, the collection of personal information from citizens by the Department of Revenue is limited to

the information necessary for the Department to fulfill its statutory duties. In most instances, once this information is collected by the

Department, it is protected by law from public disclosure. In those situations where public disclosure is not prohibited, the Family

Privacy Protection Act prevents such information from being used by third parties for commercial solicitation purposes.

Form Sc8736 Instructions

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