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PART I

1350

																			STATE OF SOUTH CAROLINA																	SC 1120
	dor.sc.gov									C CORPORATION INCOME TAX RETURN																										(Rev. 9/23/20)
	dor.sc.gov							Due by the 15th day of the fourth month following the close of the taxable year.																													3091
	SC file #																							County or counties in SC where property is located
	Income Tax period ending					-					-
																								Audit location: Street address
	License Fee period ending					-					-													Audit location: Street address
	License Fee period ending					-					-
	FEIN
	FEIN																							City											State		ZIP
	Name																							City											State		ZIP
	Name
	Mailing address
	Mailing address																							Audit contact											Phone number
	City						State								ZIP									Audit contact											Phone number
	City						State								ZIP
	Change of			Address					Accounting Period
	Change of			Address					Accounting Period															Is the corporation included in a consolidated federal return?
				Officers
				Officers																					Yes					No
																									Yes					No
	Check if you filed a federal or state extension
	Check if you filed a federal or state extension																							Name of federal parent company
																								Name of federal parent company


	Check if:		Initial Return																	(Complete
								Consolidated Return Schedule M)
								Consolidated Return Schedule M)																FEIN of federal parent company
		Amended Return																	(Complete					FEIN of federal parent company
		Amended Return				Includes Disregarded LLCs Schedule L)
	Check if:
	Check if:
		Merged		Reorganized							Final
																								Attach complete copy of federal return
	Total gross receipts				Total cost of depreciable personal property in SC																			Attach complete copy of federal return
																																		1.
	1.	Federal taxable income from federal tax return																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		1.				00
	2.	. . . . . . . . . . . .Net adjustment from Schedule A and B, line 12																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		2.				00
	3.	. . . . . . .Total net income as reconciled (add line 1 and line 2)																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		3.				00
	4.	If multi-state corporation, enter amount from Schedule G, line 6; otherwise, enter amount from line 3.																																4.				00	>
	5.	South Carolina net operating loss carryover, if applicable . . . .																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		5.	<			00	>
LIABILITY	6.	. . . . . . . . . . . . . . .South Carolina net income subject to tax (subtract line 5 from line 4)																														. . . . . . . .		6.				00
	7.	. . . . . . .Tax (multiply line 6 by 5%)										.	.	.	. .	.	.	.	. .	. . . . . .	. . .			. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		7.				00	>
	8.	Tax deferred on income from foreign trade receipts (see instructions)																														. . . . . . . .		8.	<			00
	9.	Balance (subtract line 8 from line 7)																																9.				00
	9.	Balance (subtract line 8 from line 7)																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		9.				00	>
	10. Nonrefundable credits (enter amount from Schedule C, line 5)																																	10.	<			00
TAX																							.	.	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		10.	<			00
TAX	11.	Balance of tax (subtract line 10 from line 9 and enter the difference, but not less than zero)																																11.				00
INCOME	12.	Interest on DISC-deferred tax liability																					or foreign trade deferred tax
	12.	Interest on DISC-deferred tax liability																			00		or foreign trade deferred tax
		liability																																12.				00
		liability						00		. .	.	.	.	.	. .	.	.	.	. .	. . . . . .	. . .	.		. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		12.				00
	13.	Total tax and/or interest (add line 11 and line 12)																						. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		13.				00
OF	14.	Payments:					(a) Tax withheld (attach 1099s, I-290s, and/or W-2s)																								. . .	. . . . . . . .		14a.				00
COMPUTATION							(b) Paid by declaration																	. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		14b.				00
							(c) Paid with extension																	. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		14c.				00
							. . . . . . . . . . . . .(d) Credit from line 29b																	. .	. . .	.	. .	. . . .	. .	. .	. . . .	. . . . . . . .		14d.				00
		Refundable Credits:					. . . . . . . . . . . . . .(e) Ammonia Additive																	. .	. . .	.	. .	. . .	. . .	. .	. . . .	. . . . . . . .		14e.				00
							. . . . . . . . . . . . . . . . . . .(f) Milk Credit																.	. .	. . .		. . .	. . .	. . .	. .	. . . .	. . . . . . . .		14f.				00
							(g) Motor Fuel Income Tax Credit																											14g.				00
							(g) Motor Fuel Income Tax Credit																	. .	. . .	.	. .	. . . .	. .	. . .	. . .	. . . . . . . .		14g.				00
	15.	. . . . . . . . . .Total payments and refundable credits (add line 14a through line 14g)																													. . . .	. . . . . . . .		15.				00
	16.	.Balance of tax and/or interest (subtract line 15 from line 13)																					.	. .	. . .		. . .	. . .	. . .	. .	. . . .	. . . . . . . .		16.				00
	17.	(a) Interest												00			(b) Late file/pay penalty																00

		(c) Declaration penalty (attach SC2220)																								00
		Total (add line 17a through line 17c) See penalty and interest in SC1120 instructions																																17.				00
	18.	. . . . . . . . . . . .Total Income Tax, interest, and penalty (add line 16 and line 17)																																				00
	19.	Overpayment (subtract line 13 from line 15)																							00		To be applied as follows:

		(a) Estimated Tax													00		(b) License Fee														00	(c) REFUND						00

PART II COMPUTATION OF LICENSE FEE AND SCHEDULES A, B, AND C PAGE 2

30911069

SC1120

	FEE		20.		. . . . . . . . . . . . . . . . . . .Total capital and paid in surplus (multi-state corporations see Schedule E)																			20.
	FEE		21.		License Fee: multiply line 20 by .001 then add $15 (Fee cannot be less than $25 per taxpayer)																			21.			<
			21.																					21.
II	LICENSE		22.		Credit taken this year from SC1120TC, Part II, Column C										.	. . .	. .	. . .	.	.	. . . . . . .	. .		22.
II	LICENSE					(b) Credit from line 19b				.	. . . . . . . . . . . . . .	. . . . .		. . . . . .		. . . .	.	. . .	.	.	. . . . . . .	24b.
			23.		Balance (subtract line 22 from line 21) . . . .					.	. . . . . . . . . . . . . .	. . . . .		. . . . . .		. . . .	.	. . .	.	.	. . . . . . .			23.
PART	OFCOMPUTATION		24.		Payments: (a) Paid with extension					.	. . . . . . . . . . . . . .	. . . . .		. . . . . .		. . . .	.	. . .	.	.	. . . . . . .	24a.
PART	OFCOMPUTATION		25.		Total payments (add line 24a and line 24b)																			25.
			25.		Total payments (add line 24a and line 24b)					.	. . . . . . . . . . . . . .	. . . . .		. . . . . .		. . . .	.	. . .	.	.	. . . . . . .			25.
			26.		Balance of License Fee (subtract line 25 from line 23)									. . . . . .		. . . .	.	. . . .		.	. . . . . . .			26.
			27.		(a) Interest		00		(b) Late file/pay penalty													00
					Total (add line 27a and line 27b) See penalty and interest in SC1120 Instructions																			27.
			28.		Total License Fee, interest, and penalty (add line 26 and line 27) . . .									. . . . . .		. . . .	.	BALANCE DUE						28.
			29.		Overpayment (subtract line 23 from line 25)						00			To be applied as follows:
					(a) Estimated Tax		00				(b) Income Tax							00			(c) REFUND
			30. GRAND TOTAL: INCOME TAX and LICENSE FEE DUE (add line 18 and line 28)																			. .		30.
		REFUND OPTIONS (select one; subject to program limitations)												Direct Deposit							Paper Check
		If you select Direct Deposit, choose the account type (US accounts only)												Checking							Savings
		Account				Routing				Must be 9 digits. First two numbers				Bank Account
		Account				Routing								Bank Account
		information:				Number (RTN)								Number (BAN)
		information:				Number (RTN)				of the RTN must be 01 - 12 or 21 - 32				Number (BAN)
		SCHEDULE A AND B					ADDITIONS TO FEDERAL TAXABLE INCOME
		1.		Taxes on or measured by income						.	. . . . . . . . . . . . . . .	. . . . .	.	. . . . . 1.
		1.		Taxes on or measured by income										. . . . . 1.
		2.		Federal net operating loss . . .			. . . . . . . . . . . . .		.	.	. . . . . . . . . . . . . . .	. . . . .		. . . . . . 2.
		2.		Federal net operating loss . . .										. . . . . . 2.
		3.													3.
		3.													3.
		4.													4.
		4.													4.
		5.		Other additions (attach schedule)						.	. . . . . . . . . . . . . . .	. . . . . .		. . . . . 5.
		5.		Other additions (attach schedule)										. . . . . 5.
		6.		Total additions (add line 1 through line 5)						.	. . . . . . . . . . . . . . .	. . . . .	. . . . . .		.	. . .	. .	. . . .		.	. . . . . . .	. . .	. .		.	6.
							DEDUCTIONS FROM FEDERAL TAXABLE INCOME
		7.		Interest on US obligations . . .			. . . . . . . . . . . . .	.		.	. . . . . . . . . . . . . . .	. . . . .	.	. . . . . 7.
		7.		Interest on US obligations . . .										. . . . . 7.
		8.													8.
		8.													8.
		9.													9.
		10. Other deductions (attach schedule)									. . . . . . . . . . . . . . .	. . . . .		. . . . . 10.
		10. Other deductions (attach schedule)												. . . . . 10.
		11. Total deductions (add line 7 through line 10) . . .									. . . . . . . . . . . . . . . .	. . . . .		. . . . . .		. . . .	. .	. . .	.	.	. . . . . . .	. . .		. 11. . .
																								. 11. . .
		12. Net adjustment (subtract line 11 from line 6) Also enter on SC1120, Part I, line 2																						. 12.
		SCHEDULE C					SUMMARY OF INCOME TAX CREDITS (FROM SC1120TC)

Page 2

00>

1-17 digits

1. Credit carryover from previous year's SC1120, Schedule C (should match SC1120TC Column A, line 13) . . . . . . . 1.

2. Enter total credits from SC1120TC, Column B, line 13 (attach SC1120TC and tax credit schedules) . . . . . . . . . . . . . . 2.

3. Total credits (add line 1 and line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. 4. Tax from SC1120, Part I, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. Lesser of line 3 or line 4 (enter on SC1120, Part I, line 10; should match SC1120TC, Column C, line 13). . . . . . . 5. 6. Enter credits lost due to statute (should match SC1120TC, Column D, line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Credit carryover (subtract line 5 and line 6 from line 3; should match SC1120TC, Column E, line 13). . . . . . . . . . 7.

Sign Here

Under penalty of law, I certify that I have examined this return, including accompanying annual report, statements, and schedules, and it is true and complete to the best of my knowledge.



Signature of officer	Officer's title				Email
Print officer's name

	Date				Phone number

I authorize the Director of the SCDOR or delegate to discuss this return,		Yes	No	Print preparer's name
		Yes	No
attachments, and related tax matters with the preparer.

Paid	Preparer's	Date	Check if	Preparer's phone number
Paid	signature		self-employed
Preparer's	signature		self-employed
Use Only	Firm's name (or			PTIN or FEIN
	yours if self-employed)
	yours if self-employed)			ZIP
	and address			ZIP

If this is a corporation's final return, signing here authorizes the SCDOR to disclose that information to the South Carolina Secretary of State (SCSOS). You must close with the SCSOS and the SCDOR.


Taxpayer's signature	Date

30912067

SC1120	Page 3
SCHEDULE D	ANNUAL REPORT TO BE COMPLETED BY ALL CORPORATIONS

1.Name

2.Incorporated under the laws of the state of

3.Location of the registered office of the corporation in South Carolina

In the city of

Registered agent at this address

4.Principal office address

Nature of principal business in South Carolina

5.Total number of authorized shares of capital stock, itemized by class and series, if any, within each class:

Number of shares

Class

Series

6.Total number of issued and outstanding shares of capital stock itemized by class and series, if any, within each class:

Number of shares

Class

Series

7.Names and business addresses of the directors (or individuals functioning as directors) and principal officers in the corporation: Attach separate schedules if you need more space.

Name	Title	Business address

Date incorporated

Date commenced business in South Carolina

Date of this report

FEIN

10.

If foreign corporation, the date qualified to do business in South Carolina

11.

Was the name of the corporation changed during the year?

Previous name

12.The corporation's books are in the care of Located at (street address)

13.If filing consolidated, complete and attach Schedule J for each corporation included in the consolidation.

14.Total amount of stated capital per balance sheet:

A.Total paid in capital stock (cannot be a negative amount) . . . . . . . . . . . . $

B.Total paid in capital surplus (cannot be a negative amount) . . . . . . . . . . . $

C.Total amount of stated capital (cannot be a negative amount) . . . . . . . . . $

Attach a complete copy of your federal return.

File electronically using Modernized Electronic Filing (MeF).

Payments: Pay online using our free tax portal, MyDORWAY, at dor.sc.gov/pay. Select Business Income Tax Payment to get started.

If you pay by check, make your check payable to SCDOR, and include your name, FEIN, tax year, and SC1120 in the memo.

Mail Balance Due returns to:	Mail Refund or Zero Tax returns to:
SCDOR	SCDOR
Corporate Taxable	Corporate Refund
PO Box 100151	PO Box 125
Columbia, SC 29202	Columbia, SC 29214-0032

30913065

SC1120							Page 4
			Only multi-state corporations must complete Schedules E, F, G, and H
	SCHEDULE E		COMPUTATION OF LICENSE FEE OF MULTI-STATE CORPORATIONS

1.		Total capital and paid in surplus at end of year			. . . . . . . . . . . . . . . . . . . . . . .	. . . . . . . . . . . . . . . . . . $
	2. SC proportion (multiply line 1 by the ratio from Schedule H-1, H-2, or H-3, as appropriate) Also enter on SC1120, line 20. $

SCHEDULE F				INCOME SUBJECT TO DIRECT ALLOCATION
					Less:	Net Amounts	Net Amounts
				Gross	Related	Allocated Directly	Allocated
				Amounts	Expenses	to SC and Other States	Directly to SC
				1	2	3	4

	1.	Interest not connected with business
	2.	Dividends received
	3.	Rents
	4.	Gains/losses on real property
	5.	Gains/losses on intangible personal property
	6.	Investment income directly allocated
	7. Total income directly allocated
	8. Income directly allocated to SC

SCHEDULE G			COMPUTATION OF TAXABLE INCOME OF MULTI-STATE CORPORATIONS

1. Total net income as reconciled from SC1120, page 1, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Income subject to direct allocation to SC and other states from Schedule F, line 7 . . . . . . . . . . . . . . . . . . . . 2.

3. Total net income subject to apportionment (subtract line 2 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.

4. Multiply line 3 by appropriate ratio from Schedule H-1, H-2, or H-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Income subject to direct allocation to SC from Schedule F, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5.

6. Total SC net income (add line 4 and line 5) Also enter on SC1120, page 1, line 4 . . . . . . . . . . . . . . . . . . . . . 6.

SCHEDULE H-1		COMPUTATION OF SALES RATIO
			Amount	Ratio
1.	Total sales within South Carolina (see instructions)
2.	Total sales everywhere (see instructions)
3.	Sales ratio (line 1 divided by line 2)			%
Note: If there are no sales anywhere: Enter 100% on line 3 if South Carolina is the principal place of business.
		Enter 0% on line 3 if principal place of business is outside South Carolina.

SCHEDULE H-2		COMPUTATION OF GROSS RECEIPTS RATIO
			Amount		Ratio
1.	South Carolina gross receipts
2.	Amounts allocated to South Carolina on Schedule F		<	>
3.	South Carolina adjusted gross receipts (subtract line 2 from line 1)
4.	Total gross receipts
5.	Total amounts allocated on Schedule F		<	>
6.	Total adjusted gross receipts (subtract line 5 from line 4)
7.	Gross receipts ratio (line 3 divided by line 6)				%

SCHEDULE H-3		COMPUTATION OF RATIO FOR SECTION 12-6-2310 COMPANIES
			Amount		Ratio
1.	Total within South Carolina (see instructions)
2.	Total everywhere
3.	Taxable ratio (line 1 divided by line 2)				%

30914063

SC1120		Page 5
SCHEDULE I	RESERVED
SCHEDULE J	CORPORATIONS INCLUDED IN CONSOLIDATED RETURN
	AFFILIATED CORPORATION NO.

1.Name

2.Incorporated under the laws of the state of

3.Location of the registered office of the corporation in South Carolina

In the city of

Registered agent at this address

4.Principal office address

Nature of principal business in South Carolina

5.Total number of authorized shares of capital stock, itemized by class and series, if any, within each class:

Number of shares		Class		Series

6.Total number of issued and outstanding shares of capital stock itemized by class and series, if any, within each class:

Number of shares		Class		Series

7.Names and business addresses of the directors (or individuals functioning as directors) and principal officers in the corporation:

Attach separate schedules if you need more space.
Name	Title	Business address

Date incorporated

Date commenced business in South Carolina

Date of this report

FEIN

SC file #

10.

If foreign corporation, the date qualified to do business in South Carolina

11.

Was the name of the corporation changed during the year?

Previous name

12.The corporation's books are in the care of Located at (street address)

13.Corporate mailing address

14.Total amount of stated capital per balance sheet:

A.Total paid in capital stock (cannot be a negative amount) . . . . . . . . . . . . $

B.Total paid in capital surplus (cannot be a negative amount) . . . . . . . . . . . $

C.Total amount of stated capital (cannot be a negative amount) . . . . . . . . . $

For additional affiliated corporations, include additional Schedule Js as needed.

30915060

SC1120	Page 6
SCHEDULE L	DISREGARDED LLCs INCLUDED IN RETURN

List each disregarded Limited Liability Company (LLC) doing business in South Carolina or registered with the SCSOS.

Name	FEIN	SC file # (if applicable)

Include additional Schedule Ls as needed.

30916068

SC1120	Page 7
SCHEDULE M	CONSOLIDATED RETURN AFFILIATIONS SCHEDULE

Include additional Schedule Ms as needed. Include only corporations doing business in South Carolina.

Part 1

General Information

Is the common parent corporation included in the return? Yes

If no, enter name and FEIN of common parent corporation.

Name	FEIN
Name of each corporation included in this consolidated return	FEIN

Corporation 1

Corporation 2

Corporation 3

Corporation 4

Corporation 5

Corporation 6

Corporation 7

Corporation 8

Part 2

Income Tax Information

Federal Taxable

Amounts Directly

Amounts Allocated

SC Adjustments

SC NOL Prior

Income

Allocated

to SC

Year Carryovers

Corporation 1

Corporation 2

Corporation 3

Corporation 4

Corporation 5

Corporation 6

Corporation 7

Corporation 8

Total

Equals page 1, line 1

Equals Sch. F, line 7

Equals Sch. F, line 8

Equals page 1, line 2

Equals page 1, line 5

Part 3

License Fee, Allocation, and Apportionment Information

Tax Credited

Total Capital and

Apportionment

License Fee

on Return

Paid in Surplus

Percentage

Corporation 1

Corporation 2

Corporation 3

Corporation 4

Corporation 5

Corporation 6

Corporation 7

Corporation 8

Total

Equals page 1, line 15

Equals page 2, line 20

From Schedule H

Equals page 2, line 21

30917066

SC1120		Page 8
SCHEDULE N	PROPERTY INFORMATION
Property within South Carolina

	(a) Beginning period	(b) Ending period

1.Land

2.Buildings

3.Machinery and equipment

4.Construction in progress

5.Other property*

Total

*Provide an explanation or listing of property from line 5 above.

Description of Property

(a) Beginning period

(b) Ending period

Total

30918064

Question	Answer
Form Name	Sc 1120 Form
Form Length	8 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min
Other names	south carolina sc1120, sc 1120 instructions, sc1120s, south carolina 2020 state income tax forms

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