Sales, Use, Accommodations And Local Sales Tax Booklet - Forms And Instructions - South Carolina Department Of Revenue - 2014 Page 54

Instructions

Failure to file all appropriate returns through the closing date may result in the issuance of notices/assessments by the

Department of Revenue.

Make sure that all applicable sections of the C-278 are accurately completed. Incomplete information will be returned.

If closing a sales tax account, attach the retail license to this form.

If closing more than one tax account use the spaces provided below or attach a sheet listing the type of tax account, current

account number and closing date or final check date and business address.

This form must be signed by an owner, partner or corporate officer.

You cannot use this form to close your corporate income tax account. To correctly dissolve (close) your corporate

income tax account the following must be done:

For Secretary of State purposes:

(1)

A domestic corporation must file the Articles of Dissolution with the Secretary of State.

(2)

A corporation other than a domestic corporation must file an Application to Surrender Authority to do Business with the

Secretary of State.

Contact the Secretary of State for forms and/or questions by calling

803-734-2158

For South Carolina Department of Revenue purposes:

The corporation must file a final tax return within 75 days after filing the Articles of Dissolution or Application to

(3)

Surrender Authority to do Business. Your final return must include an I-349 Corporate Closing Schedule as well as a

schedule showing the distribution of the assets to the stockholders. An extension of time to file may be obtained by filing

Form SC1120-T prior to expiration of the 75 days.

The appropriate box in the upper right corner of the return should be marked in the space indicating the reason for the

(4)

final return.

Permanent

Present Physical Location

Type Tax

File/Account No.

Closing Date

of Business to be Closed

Mail to:

SC Department of Revenue, Registration Section, Columbia, SC 29214-0140

Social Security Privacy Act Disclosure

It is mandatory that you provide your social security number on this tax form. 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.

62182027