Sc 1120S Form PDF Details

The South Carolina SC 1120S Form, a critical document for S corporations operating within the state, outlines the income tax return requirements and various specifications for such entities. Due shortly after the fiscal year ends, specifically by the 15th day of the third month following the close of the taxable year, this form demands comprehensive input on the corporation's earnings, adjustments, tax liabilities, and credits. It takes into account both federal and state tax adjustments, ensuring that all financial activities are accurately reported. Rich in details, it includes portions for calculating income tax liability, where corporations reconcile their total net income and outline their tax responsibilities. Furthermore, it extends into the computation of license fees, highlighting the need for companies to report their capital and surplus accurately. A thorough audit of the information provided, including changes in corporate structure or shareholder composition, specifically addressing nonresident shareholders, underscores the state's effort to maintain transparent and fair tax practices. With sections dedicated to payments, refunds, and specific deductions or additions to federal taxable income, the form encapsulates a wide range of financial dimensions. Companies are required to attach a complete copy of their federal return, ensuring coherence between federal and state tax obligations. Whether the corporation is a multi-state entity also significantly influences the reporting process, demanding a detailed apportionment of income and license fees. Crucially, this form not only serves as a tax document but also authorizes the South Carolina Department of Revenue to engage with tax preparers and disclose pertinent information, highlighting the procedural and communicative aspects fundamental to corporate taxation in South Carolina.

QuestionAnswer
Form NameSc 1120S Form
Form Length7 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 45 sec
Other namessc 1120s 1120, sc 1120s instructions, sc form 1120, sc 1120 south carolina form

Form Preview Example

1350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATE OF SOUTH CAROLINA

 

 

SC 1120S

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

dor.sc.gov

 

 

 

 

 

 

 

 

S CORPORATION INCOME TAX RETURN

 

(Rev. 8/27/20)

 

 

 

 

 

 

 

 

 

Due by the 15th day of the third month following the close of the taxable year.

 

 

3095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SC file #

 

 

 

 

 

 

 

 

 

 

 

 

 

County or counties in SC where property is located

 

 

 

 

Income Tax period ending

-

-

 

 

 

 

 

 

 

 

 

 

License Fee period ending

-

-

 

 

Audit location: Street address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FEIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

State

ZIP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mailing address

 

 

 

 

 

 

 

 

 

 

 

 

Audit contact

 

Phone number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

 

State

 

 

 

ZIP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Does the corporation have any shareholders who are nonresidents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change of

 

 

Address

 

 

Accounting Period

of South Carolina?

 

 

 

 

 

 

 

 

 

 

 

 

Officers

 

 

 

 

 

 

Yes

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if you filed a federal or state extension

Number of nonresident shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if:

Initial Return

 

 

Amended Return

 

Number of nonresident shareholders with an I-309 affidavit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Includes QSSSs and/or Disregarded LLCs (See Schedule L)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check if:

 

 

 

 

 

 

 

 

 

 

 

 

Number of nonresident shareholders included in a composite return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Merged

 

 

Reorganized

 

 

 

Final

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross receipts

 

Total cost of depreciable personal property in SC

 

Attach complete copy of federal return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART I COMPUTATION OF INCOME TAX LIABILITY

1.

. . . . . . . . . .Total of line 1 through 10, Schedule K of the federal 1120S . . . .

. . . . . . . . . . . . .

1.

 

00

 

2.

. . . . . . . . . .Net adjustment from Schedule A and B, line 15

. . . . . . . . . . . . .

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.

Income on line 4 taxed to shareholders of S Corporation

. . . . . . . . . . . . .

5.

<

00

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.

. . . . . . . . . .Payments: (a) Tax withheld (attach 1099s, I-290s, and/or W-2s) . .

. . . . . . . . . . . . .

8a.

 

00

 

 

. . . . . . . . . .(b) Paid by declaration

. . . . . . . . . . . . .

8b.

 

00

 

 

. . . . . . . . . .(c) Paid with extension

. . . . . . . . . . . . .

8c.

 

00

 

 

. . . . . . . . . .(d) Credit from Line 23b

. . . . . . . . . . . . .

8d.

 

00

 

 

. . . . . . . . . .Refundable Credits: (e) Ammonia Additive

. . . . . . . . . . . . .

8e.

 

00

 

 

. . . . . . . . . .(f) Milk Credit

. . . . . . . . . . . . .

8f.

 

00

 

 

(g) Motor Fuel Income Tax Credit

. . . . . . . . . . . . .

8g.

 

00

 

9.

. . . . . . . . . .Total payments and refundable credits (add line 8a through line 8g)

. . . . . . . . . . . . .

9.

 

00

 

10.

. . . . . . . . . .Balance of tax (subtract line 9 from line 7)

. . . . . . . . . . . . .

10.

 

00

 

11.

. . . . . . . . . .(a) Interest

. . . . . . . . . . . . .

11a.

 

00

 

 

. . . . . . . . . .(b) Late file/pay penalty

. . . . . . . . . . . . .

11b.

 

00

 

 

. . . . . . . . . .(c) Declaration penalty (attach SC2220)

. . . . . . . . . . . . .

11c.

 

00

 

 

. . . . . . . . . .Total (add line 11a through line 11c) See penalty and interest in SC1120 Instructions

11.

 

00

 

12.

. . . . . . . . . .Total Income Tax, interest and penalty (add line 10 and line 11) . . .

BALANCE DUE

12.

 

00

 

13.

. . . . . . . . . .Overpayment (subtract line 7 from line 9)

. . . . . . . . . . . . .

 

 

00

 

 

. . . . . . . . . .To be applied as follows: (a) Estimated Tax

. . . . . . . . . . . . .

13a.

 

00

 

 

. . . . . . . . . .(b) License Fee

. . . . . . . . . . . . .

13b.

 

00

 

 

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(c) REFUND

. . . . . . . . . . . . .

13c.

 

00

 

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

30951065

SC1120S

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14.

 

. . . . . .Total capital and paid in surplus (multi-state corporations see Schedule E)

. . .

.

. .

. . . . . . .

14.

 

FEE

15.

 

License Fee: multiply line 14 by .001, then add $15 (Fee cannot be less than $25)

15.

<

16.

 

Credits taken this year against License Fee from SC1120TC, Part II, Column C (attach SC1120TC).

16.

PART II COMPUTATIONOF LICENSE

17.

 

(a) Estimated Tax

 

 

 

00

 

(b) Income Tax

 

 

00 (c) REFUND

 

 

 

Balance (subtract line 16 from line 15)

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

.

. .

. . . . . . .

17.

 

 

18.

 

Payments: (a) Paid with extension

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

.

. .

. . . . . . .

18a.

 

 

 

 

 

 

(b) Credit from line 13b

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

.

. .

. . . . . . .

18b.

 

 

19.

 

Total payments (add line 18a and line 18b) .

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

 

. . .

. . . . . . .

19.

 

 

20.

 

Balance of License Fee (subtract line 19 from line 17)

. .

. . . . . . .

20.

 

 

21.

 

(a) Interest

 

00

 

 

(b) Late file/pay penalty

 

 

 

 

 

00

 

 

 

 

 

 

 

 

Total (add line 21a and line 21b.) See penalty and interest in SC1120 Instructions

 

22.

 

Total License Fee, interest, and penalty (add line 20 and line 21)

BALANCE DUE

22.

 

 

23.

 

Overpayment (subtract line 17 from line 19)

 

 

 

 

 

00

To be applied as follows:

 

 

 

 

24.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GRAND TOTAL: INCOME TAX and LICENSE FEE DUE (add line 12 and line 22)

24.

 

 

SCHEDULE A AND B

ADDITIONS TO FEDERAL TAXABLE INCOME

 

 

 

 

1.

 

Taxes on or measured by income

. . .

. . .

.

. . .

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

.

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

Excess net passive income subject to federal tax

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

Taxable portion of certain built-in gains subject to federal tax

3.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

 

Other additions (attach schedule) .

. . .

. . .

.

. . .

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

.

6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

 

Total additions (add line 1 through line 6)

 

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

.

. .

. . . . . . . .

. . . 7.

 

 

 

 

 

 

 

 

DEDUCTIONS FROM FEDERAL TAXABLE INCOME

 

 

 

 

8.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8.

 

 

 

 

 

 

 

 

 

9.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9.

 

 

 

 

 

 

 

 

 

10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

 

 

 

 

 

 

 

 

 

11.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

 

 

 

 

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.

 

 

 

 

 

 

 

 

 

13.

Other deductions (attach schedule)

. .

. . .

. . .

.

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

 

13.

 

 

 

 

 

 

 

 

 

14.

Total deductions (add line 8 through line 13)

. .

.

. . . . . . . . . . . . . .

. .

.

. .

. . . . .

. . . . . .

. . .

.

. .

. . . . . . . .

14.

 

 

15.

Net adjustment (subtract line 14 from line 7) Also enter on SC1120S, Part I, line 2

. . . . .

. . .

.

. .

. . . . . . . .

15.

 

00

00

00>

00

00

00

00

00

00

00

00

00

SCHEDULE C

RESERVED

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.

Sign

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

 

 

 

Print preparer's name

 

 

attachments, and related tax matters with the preparer.

 

 

 

Yes

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paid

 

 

Preparer's

 

 

Date

Check if

 

 

Preparer's phone number

 

 

signature

 

 

 

 

self-employed

 

 

Preparer's

 

 

 

 

 

 

Use Only

 

 

Firm's name (or

 

 

 

 

 

 

PTIN or FEIN

 

 

yours if self-employed)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ZIP

 

 

 

 

and address

 

 

 

 

 

 

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

30952063

SC1120S

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 sharesClassSeries

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

 

 

 

 

 

 

 

 

 

 

 

 

8.

Date incorporated

 

 

Date commenced business in South Carolina

 

9.

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.The 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. Include your name, FEIN, tax year, and SC1120S 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

30953061

SC1120SPage 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 ratio from Schedule H-1, H-2 or H-3, as appropriate) Also enter on SC1120S, line 14

$

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Allocated Income

 

1

2

3

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. Total income directly allocated

 

 

 

 

 

 

 

 

 

2. Income directly allocated to SC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attach an explanation of each type of income listed above that is not allocated to South Carolina.

SCHEDULE G

COMPUTATION OF TAXABLE INCOME OF MULTI-STATE CORPORATIONS

1. Total net income as reconciled from SC1120S, page 1, line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. 2. Income subject to direct allocation to SC and other states from Schedule F, line 1 . . . . . . . . . . . . . . . . . . 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 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Total SC net income (add line 4 and line 5). Also enter on SC1120S, page 1, line 4 . . . . . . . . . . . . . . . . . 6.

SCHEDULE H-1

COMPUTATION OF SALES RATIO

 

 

 

 

 

Amount

 

Ratio

1.

Total sales within South Carolina (see SC1120 instructions)

 

 

 

2.

Total sales everywhere (see SC1120 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

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>

 

 

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 SC1120 instructions)

 

 

 

 

2. Total everywhere

 

 

 

 

 

3. Taxable ratio (line 1 divided by line 2)

 

 

%

 

 

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SCHEDULE SC-K WORKSHEET

1

2

3

4

5

6

7

8

9

10

11

12a

12b

12c

12d

 

A

B

C

D

E

F

 

 

Description

Amounts From

Plus or Minus

Federal Schedule K

Amounts Not Allocated or

Amounts Allocated

 

 

Federal Schedule K

South Carolina

Amounts After SC

Apportioned to SC

or Apportioned to

 

 

 

Adjustments

Adjustments

 

SC

 

Ordinary business

 

 

 

 

 

 

income (loss)

 

 

 

 

 

 

Net rental real

 

 

 

 

 

 

estate income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other net rental

 

 

 

 

 

 

income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

Royalties

 

 

 

 

 

 

 

 

 

 

 

 

 

Net short-term

 

 

 

 

 

 

capital gain (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net long-term

 

 

 

 

 

 

capital gain (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net section

 

 

 

 

 

 

1231 gain (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (loss)

 

 

 

 

 

 

 

 

 

 

 

Section 179 deduction

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributions

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment

 

 

 

 

 

 

interest expense

 

 

 

 

 

 

Section 59(e)(2)

 

 

 

 

 

 

expenditures

 

 

 

 

 

 

Other deductions

 

 

 

 

 

 

 

 

 

 

 

Nonrefundable Tax Credits: Enter total credits from SC1120TC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

You must attach your SC1120TC to this return.

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SCHEDULE L

QSSSs AND DISREGARDED LLCs INCLUDED IN RETURN

List each Qualified Subchapter S Subsidiary (QSSS) doing business in South Carolina or registered with the SCSOS.

Name

 

FEIN

SC file # (if applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Name

 

FEIN

SC file # (if applicable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Page 7

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

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