Instructions For Individual Income Tax Form - South Carolina (Page 3 of 3) in pdf

The limitations period for filing an original return is generally

Self-employed people who do not have South Carolina

three years from the original due date. If you filed the

tax withheld from their income must file a Declaration of

original return by the original due date or by an extended

Estimated Tax for the year. Recipients of taxable

due date, the limitations period for filing an amended return

pension and annuities who do not have at least 90

is three years from the date of filing, three years from the

percent of their South Carolina income tax liability withheld

original due date, or two years from the date of payment,

must file a Declaration of Estimated Tax for the year.

whichever is latest. If you filed the original return after the

WHO DOES NOT HAVE TO FILE A DECLARATION OF

original due date and any extended due date, if applicable,

ESTIMATED TAX?

the limitations period for filing an amended return is three

Farmers and commercial fishermen do not have to file a

years from the original due date or two years from the date

declaration if at least two thirds of their gross income is

of payment, whichever is later.

from farming or fishing, but must file their return and pay all

taxes due generally by March 1. If March 1 falls on a

REFUND SETOFFS

weekend, then the due date is the next business day.

The South Carolina Department of Revenue assists other

State agencies, institutions of higher learning, political

HOW DO I FILE ESTIMATED TAX?

subdivisions of the state, and the Internal Revenue Service

To file SC1040ES and pay on line by credit card or

in the collection of overdue accounts. All or part of your

electronic

funds

withdrawal,

see

our

website

refund can be sent directly to these "claimant" agencies if

( ). Forms can also be printed from our

they notify the Department that you have a past due

website to use when mailing your payment.

account with them.

CHANGE NAME OR ADDRESS

The South Carolina Department of Revenue charges the

Let us know your new name and/or address. Complete

taxpayer a $25.00 administrative fee to complete a refund

SC8822, which is available on our website

"setoff." If any of your refund is sent to a claimant agency,

the Department will notify you in writing. If your refund

DO I NEED TO FILE A SOUTH CAROLINA

exceeds the amount owed the claimant agency plus the

USE TAX RETURN?

administrative fee, the balance will be mailed to you.

The use tax is a tax that applies to purchases of tangible

If you believe you do not owe the debt, the amount

personal property from out-of-state retailers for use,

sent was incorrect, or the debt has already been paid,

storage or consumption in South Carolina, and includes

you must contact the claimant agency.

purchases from retailers made via the Internet (retailers’

websites and retailers’ sales on auction sites), through

WHO MUST FILE A DECLARATION OF

ESTIMATED TAX?

out-of-state catalog companies, home shopping networks

or when visiting another state. The tax rate for the use tax

Generally, you must file a Declaration of Estimated Tax,

is the same as the sales tax. This rate is determined by

SC1040ES, for the year 2014 if you estimate that your tax

where the tangible personal property will be used, stored or

will be $100 or more and the total amount of income tax

consumed, regardless of where the sale takes place.

that will be withheld will be less than the lesser of:

Therefore, the tax rate for the use tax will be the 6% state

rate plus the applicable local use tax rate for the location

90% of the tax to be shown on your 2014 income tax

where the tangible personal property will be used, stored or

return,

consumed. The purchaser, as an individual, may report and

remit their use tax on a SC1040 South Carolina Individual

100% of the tax shown on your 2013 income tax

Income Tax Return or a UT-3 Use Tax Return. See the

return (if your 2013 return covered all 12 months of

instructions on the UT-3W for additional information and

the year). However, if your adjusted gross income is

use tax rates by county.

$150,000 or more, the 100% rule is modified to be

110% of the tax shown on your 2013 income tax

You may also get valuable use tax information by going to

and clicking on the USE TAX LINK.

return.

Wage earners who do not have enough tax withheld from

their wages must file a Declaration of Estimated Tax for the

year. You have two methods for paying: 1) increase the

amount your employer withholds from your wages, or 2)

pay estimated tax in addition to the usual amount withheld

from your wages.

Taxpayers earning personal service income in another

state on which tax withholding was due to the other state

and was withheld can be relieved of declaration penalty.

Instructions For Individual Income Tax Form - South Carolina Page 3

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