Form Pt 420 is a means by which the IRS requires taxpayer identification numbers (TINs) to be included on information returns filed with the federal government. The form is used to identify the name and TIN of each individual or entity listed as a payee on an information return. The use of Form Pt 420 helps ensure that all individuals or entities receiving payments report this income correctly and avoid any penalties from the IRS. As such, it is important for taxpayers to understand when they are required to file Form Pt 420 and how to complete it accurately. This blog post will provide an overview of Form Pt 420, including when it must be used and how to complete it correctly. Stay tuned for future posts that will provide more detailed instructions on specific aspects of Form Pt 420!
| Question | Answer |
|---|---|
| Form Name | Form Pt 420 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | sc pt 420, Allocation, South_Carolina, PT420 |
1350
STATE OF SOUTH CAROLINA |
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DEPARTMENT OF REVENUE |
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UTILITY AND RAILROAD COMPANIES |
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(Rev. 6/01/10) |
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PROPERTY TAX RETURN |
7029 |
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FOR YEAR ENDING |
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FILE NUMBER:
FEIN:
TELEPHONE:
FAX NUMBER:
The following information, where applicable, must be filed with the Office Audit Section prior to April 30 annually, after which an appropriate penalty will be applied as provided by law.
1)This form completed in detail including distribution information as to gross investment in each taxing district. Forms enclosed.
2)A copy of the annual report of Utility or Railroad filed with the South Carolina Public Service Commission, Annual Report of the Company (financial) or
3)A certification of Pollution Control Equipment- gross investment and depreciation schedule.
4)A list of licensed vehicles- investment and depreciation schedule.
5)A complete explanation of the method used to determine exempt property when applicable.
6)Attach a schedule of construction work in progress that was capitalized for South Carolina. A separate list between real and personal property is required.
7)A detailed list of
Interstate Companies- In addition to the above information, companies not operating solely in South Carolina should file the following:
1)A copy of the annual report to a Federal Regulating Board.
2)Allocation information
Total Revenues
South Carolina Revenues
Total Net Operating Income
1
South Carolina Net Operating Income
Total Gross Investment
South Carolina Gross Investment
Total Net Investment
South Carolina Net Investment
(over) |
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70291018
I declare that this return including any accompanying schedules and statements has been examined by me and to the best of my knowledge and belief is a true and complete return made in good faith pursuant to the 1976 Code of Laws and amendments.
Taxpayer's Signature |
Title |
Date |
Accountant's Signature |
Title |
Date |
Contact Person |
Tax Preparer / Contact Phone Number |
Returns found incomplete or improper will be returned to the taxpayer for completion or amendment.
Mail completed returns to:
South Carolina Department of Revenue
Utilities
Columbia, SC
70292016