Form Sc 1120 - 'C' Corporation Income Tax Return - State Of South Carolina
ADVERTISEMENT
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4STATE OF SOUTH CAROLINA
Mail this return to:
SC 1120
'C' CORPORATION
SC DEPARTMENT OF REVENUE
INCOME TAX RETURN
Corporation Return
(Rev 8/10/04)
Return is due on or before the 15th day of the 3rd month
Columbia, SC 29214-0100
3091
following the close of the taxable year.
A COMPLETE COPY OF FEDERAL RETURN MUST BE
ATTACHED TO THIS RETURN.
SC FILE #
-
County or Counties in SC Where Property is Located:
INCOME TAX PERIOD ENDING
LICENSE FEE PERIOD ENDING
City
Audit Location
State
FED EI #
Audit Contact
Telephone Number
NAME
4
Check if
Consolidated Return
MAILING ADDRESS
Total Gross Receipts.
Total cost of depreciable personal property in SC.
4
4
CITY
STATE
ZIP CODE
If Filing a Final Return, See Instructions for Further Information.
Change of
Address
Accounting Period
4
Merged
Reorganized
Dissolved
Withdrawn
4
1. Federal Taxable Income per Federal Form 1120 or 1120A
1.
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2. Net Adjustment from line 12, Schedule A and B
2.
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3. Total Net Income as Reconciled (line 1 plus or minus line 2)
3.
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4. If Multi-state Corporation, enter amount from line 6, Schedule G; otherwise, enter amount from line 3.
4.
5. LESS: South Carolina net operating loss carryover, if applicable
5.
. . . . .
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6. South Carolina Net Income subject to tax (line 4 less line 5)
6.
. . . . . . . . .
7. TAX: Multiply amount on line 6 by .05 (5.0%)
7.
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8. Less tax deferred on income from foreign trade receipts (see instructions)
8.
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9. Balance (line 7 less line 8)
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10. Credit Carryover
Non-refundable credits
10.
(line 7, Schedule C)
(line 5, Schedule C).
. . . . . . . .
11. Balance of tax (line 9 less line 10). Enter the difference but not less than zero.
11.
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12. Interest on DISC-deferred tax liability
; or Foreign Trade Deferred Tax Liability
12.
13. Total tax and/or interest (add lines 11 and 12)
13.
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14. Payments: (a) Tax Withheld (see instructions)
(b) Paid by Declaration
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4
(c) Paid with Tentative Return
(d) Credit from Line 29b
15. Total Payments (add lines 14a through 14d)
15.
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16. Balance of Tax and/or Interest Due (line 13 less line 15)
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17. Interest Due
Penalty Due
17.
(See penalty and interest instructions.) Enter Total.
. . . . . .
18. TOTAL INCOME TAX, Interest and Penalty Due (add lines 16 and 17)
BALANCE DUE 18.
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19. OVERPAYMENT (line 15 less line 13)
To be applied as follows:
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4
(a) Estimated Tax
(b) License Fee
(c) Refunded
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20. Total Capital And Paid in Surplus (Multi-State Corporations See Schedule E)
20.
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21. FEE DUE - Line 20 x .001, plus $15.00 (Fee cannot be less than $25.00 per taxpayer)
21.
22. LESS: Applicable Credits against License Fee (attach SC1120-TC)
22.
. . . .
23. Balance (line 21 less line 22)
23.
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4
24. Payments:(a) Paid with Tentative Return
(b) Credit from line 19b
25. Total Payments (add line 24(a) and (b))
25.
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26.
26.
Balance of Fee Due (line 23 less line 25)
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27.
27.
Interest Due
Penalty Due
(See penalty and interest instructions.) Enter Total.
. . . . . .
28. TOTAL LICENSE FEE, Interest and Penalty Due (add lines 26 and 27)
BALANCE DUE 28.
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29. OVERPAYMENT (line 25 less line 23)
To be applied as follows:
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(a) Estimated Tax
(b) Income Tax
(c)
Refunded
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30. GRAND TOTAL: INCOME TAX and LICENSE FEE DUE (add lines 18 and 28) . . . . . . . . . . EFT
30.
I, the undersigned, a principal officer of the corporation for which this return is made declare that this return, including accompanying Annual
Report, statements and schedules, has been examined by me and is to the best of my knowledge and belief, a true and complete return.
Please
Sign
Signature of officer
Date
Title
Telephone Number
Here
I authorize the Director of the Department of Revenue or delegate to
Preparer's Printed Name
Yes
No
discuss this return, attachments and related tax matters with the preparer.
Preparer's telephone number
Date
Preparer's
Check if
Paid
signature
self-employed
Preparer's
Firm's name (or
EI #
Use Only
yours if self-employed)
ZIP Code
and address
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