Form Sc1040 - Individual Income Tax Return - 2013 Page 4
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28services performed in South Carolina under the Federal
I AM GETTING AN INCOME TAX REFUND THIS YEAR.
Military Spouses Residency Relief Act. See Schedule NR
WHEN WILL I GET MY REFUND?
instructions for more information. South Carolina DOES
Returns which are filed early are usually processed more
tax other income earned in this state by you or your
quickly than returns filed closer to April 15th. Ordinarily,
spouse.
within six weeks after we receive your complete return we
will mail your refund. Therefore, please allow at least eight
WHEN SHOULD I FILE MY RETURN?
weeks for your refund to arrive before you contact us. Visit
RETURNS FOR CALENDAR YEAR 2013: file on or before
our website at or call 1-803-898-5300.
April 15, 2014.
DECEASED TAXPAYERS
RETURNS FOR FISCAL YEAR TAX PERIODS: due on or
If a person received income during this tax year but died
before the fifteenth (15th) day of the fourth month following
before filing a return, the South Carolina income tax return
the close of your tax year. Identify the fiscal year period at
should be filed by the surviving spouse, executor or
the top of the return in the space provided and write
administrator. Use the same filing status that was used on
"FISCAL" in large letters across the face of the return.
the final federal income tax return. Check the appropriate
box beside the decedent's social security number. The due
date for filing is the same as for federal purposes. In the
Electronic Filing: See electronic filing options for May 1
area where you sign the return write "Filing as a surviving
incentive.
spouse," if appropriate. A personal representative filing the
return must sign in his or her official capacity and attach
NEED MORE TIME TO FILE?
SC1310. Any refund will be issued to the decedent's
If you need more time to file your South Carolina return,
surviving spouse or estate.
note the following:
You may file and pay with your extension on-line
ROUND OFF CENTS TO THE NEAREST WHOLE
through our website:
DOLLAR.
If you will receive a refund of state income taxes,
You must round off cents to the nearest whole dollar on
South Carolina will allow you the same length of time
your return and schedules. You must drop amounts less
that is allowed by your federal extension. If you do not
than 50 cents. Increase amounts of 50 to 99 cents to the
have a federal extension, then you must file a SC4868
next dollar. For example: $2.15 becomes $2.00; $4.75
by April 15, 2014.
becomes $5.00; and $3.50 becomes $4.00.
When you file your return, check the appropriate box
on the front of the SC1040 and attach a copy of your
WHAT TAX RECORDS DO I NEED TO KEEP?
federal extension or SC4868 to the back of your South
Keep a copy of your return. Also, keep the original or a
Carolina return.
copy of any schedules, worksheets or statements used to
prepare your return. Keep your records that support an item
If you expect to owe additional tax by the April 15 due
of income or a deduction appearing on a tax return until the
limitations period for the return runs out. The limitations
date, and you need more time to file your South Carolina
period is generally THREE YEARS from the date the return
income tax return:
was filed or due to be filed, whichever is later.
You must pay at least 90 percent of your state tax due
to the Department of Revenue on either a copy of the
Save any records concerning property, home, stocks, and
federal Form 4868 marked "For South Carolina" or
business property you bought and may sell later. The
South Carolina SC4868 by April 15, 2014.
records kept should show the purchase price, date and
.
Be sure to enter any South Carolina payments paid on
related cost, and for real property, cost and date of
an extension request on SC1040, line 18.
improvements. Your return may be audited by the IRS or
the South Carolina Department of Revenue. If audited, the
Be sure to attach a copy of the extension to the back of
law requires you to show proof of your income, expenses,
your South Carolina return when you file. Check the
and cost of assets.
appropriate box on the front of the SC1040.
WHAT IF I AM AUDITED BY THE IRS?
MORE TIME TO FILE DOES NOT MEAN MORE
If you receive a refund or owe additional federal tax, file an
TIME TO PAY YOUR TAXES!
SC1040X (amended South Carolina return) after the
federal audit report becomes final.
You will owe interest from April 15, 2014 to date of
payment. A penalty may also be charged after April 15th if
WHEN SHOULD I FILE AN AMENDED SOUTH
an additional payment is required. To avoid the penalty, you
CAROLINA RETURN?
must: 1) pay at least 90 percent of the tax by April 15, 2014,
File SC1040X (Amended Return) any time you need to
and 2) pay the additional balance, if any, within the
correct your South Carolina return. If you amend your
extended time period.
federal return, generally you will need to amend your state
return. You may apply for a refund on either an amended or
FRAUDULENT RETURN
delinquent return for any tax period which is open under the
Any person who deliberately fails to file a return, files a
statute of limitations. A refund will not be issued for
fraudulent return or attempts to evade the tax in any
requests received beyond the limitations period.
manner may be liable for a penalty up to $10,000 or
imprisoned for not more than five years or both.
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