Form Sc4868 - Request For Extension Of Time To File - 2014 Page 2

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Complete the following worksheet to calculate the amount to be paid with this form if any.
ax Computation Worksheet (Keep for your records.)
T
A $
A. Total state income tax..............................................................................................................................
B $
B. Use Tax due on internet, mail-order or out-of-state purchases................................................................
C $
C. Total Tax (add lines A and B) ..................................................................................................................
D $
D. South Carolina income tax withheld.........................................................................................................
E $
E. Payment on Declaration of Estimated Tax (including last year's overpayment transferred)....................
F $
F. Tax credits................................................................................................................................................
G $
G. Total credits (add lines D, E, F)................................................................................................................
H $
H. Balance Due (subtract line G from line C). Enter this amount on Line 6 of the SC4868..........................
SC4868 INSTRUCTIONS
General Instructions:
Line A: Enter the amount of income tax you expect to owe for the
current tax year.
Use SC4868 to request an extension of time to file SC1040
Individual Income Tax return including a composite return for
nonresident shareholders or partners of an S corporation or
Line B: Enter Use Tax due on internet, mail-order or out-of-state
purchases. This line is to be used by individual filers who are
partnership or LLC.
reporting use tax on their individual return rather than using the UT-3.
See individual income tax instructions for more information.
NOTE: Partnerships and Fiduciaries use SC8736 to extend the time
to file the SC1065 and SC1041.
Line D: Enter total amounts of SC withholding from forms W-2, 1099
and/or SC41.
Specific Instructions for Individual
Taxpayers for lines 1, 2 and 3:
For individuals, fill in name, address, and social security number for
Line E: Enter amount of estimated tax payments paid using
SC1040ES or transferred from last year's return.
you and your spouse if applicable.
Line F: Enter the amount of any applicable tax credits.
Specific Instructions for Composite
Taxpayers for lines 1, 2 and 3:
For composite filers, enter the name, address and FEIN of the S
Line H: Enter this amount on line 6 of the SC4868.
corporation, partnership or LLC.
NOTE: A taxpayer owing fifteen thousand dollars or more in
connection with any return to be filed with the department should pay
Line 4:
electronically per SC Code of Laws Section 12-54-250(A)(1).
Place an X in the box if this is your first time filing a tax return in
South Carolina or if your address has changed since you last filed a
ITIN - Individual Taxpayer Identification Number:
SC return.
If you are a nonresident or resident alien and cannot get a Social
Security number, you may contact the Internal Revenue Service
Line 5:
to apply for and obtain an Individual Taxpayer Identification Number
Place an X in the box if you are a Composite Filer.
(ITIN) for the purpose of filing income tax returns. South Carolina will
accept this number in lieu of a Social Security number for the
Line 6:
Enter the amount from line H from the Tax Computation Worksheet.
purposes of processing your individual income tax returns. We are
This amount must be paid in full with SC4868. An extension of time
unable to process your return if filed without a Social Security number
or Individual Taxpayer Identification Number (ITIN).
to file your tax return will not extend the time to pay your income tax.
Social Security Privacy Act Disclosure
Interest and Penalty for Failure to Pay Tax:
It is mandatory that you provide your Social Security number on this
The extension of time to file your SC tax return granted by this
tax form, if you are an individual. 42 U.S.C 405(c)(2)(C)(i) permits a
request does not extend the time for payment of tax. Any unpaid
state to use an individual's social security number as means of
portion of the final tax due will incur interest at the prevailing federal
identification in administration of any tax. SC Regulation 117-201
rates. This amount is computed from the original due date of the tax
mandates that any person required to make a return to the SC
.
return to the date of payment. In addition to the interest, a penalty
Department of Revenue shall provide identifying numbers, as
of ½% per month will be incurred for failure to pay at least 90% of
prescribed, for securing proper identification. Your Social Security
the total tax due by the original due date. The penalty will be
number is used for identification purposes.
imposed on the difference between the amount paid with the
extension and the tax to be paid for the period. A Penalty and
The Family Privacy Protection Act
Interest Calculator is available on our website as a
Under the Family Privacy Protection Act, the collection of personal
reference tool.
information from citizens by the Department of Revenue is limited to
Filing Your Tax Return: You may file your tax return any time
the information necessary for the Department to fulfill its statutory
before the extension expires. Mark the extension box on the
duties. In most instances, once this information is collected by the
front of SC1040.
Department, it is protected by law from public disclosure. In those
situations where public disclosure is not prohibited, the Family Privacy
Instructions for Tax Computation Worksheet:
Protection Act prevents such information from being used by third
Complete the worksheet to calculate the amount to be paid with
parties for commercial solicitation purposes.
SC4868.
35062041

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