Are you looking for an easy and convenient way to report your financial activities to the Internal Revenue Service (IRS)? The SC1120S WH form is a great tool that can help simplify the process and reduce paperwork. Whether you're a business owner managing payroll taxes, or simply filing personal tax returns this form can be used to accurately manage and submit information to the IRS. In this blog post, we will cover what exactly the SC1120S WH form is, why it's important, how it helps with filing taxes so read on!
Question | Answer |
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Form Name | Sc1120S Wh Form |
Form Length | 1 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 15 sec |
Other names | sc1120s wh fillable pdf, South_Carolina, form sc1120s wh, taxable |
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STATE OF SOUTH CAROLINA |
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DEPARTMENT OF REVENUE |
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WITHHOLDING TAX ON INCOME OF |
(Rev. 8/13/10) |
NONRESIDENT SHAREHOLDERS |
3312 |
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Line by Line Instructions
Line 1 The amount from line 5 of SC1120S is South Carolina taxable income. Reduce the amount from line 5 of SC1120S by the amount of directly allocated income. (Taxpayers requesting an extension of time to file SC1120S must estimate an amount of income subject to withholding. Enter this estimated amount on Line 1).
Line 2 The amount on this line is total income allocated to nonresident shareholders.
Line 3 Reduce line 2 by amounts exempt from withholding by affidavit, by composite filing, or real estate gain subject to buyer withholding. Include affidavits if not previously filed.
File this return and pay withholding tax due by the fifteenth day of the third month following taxable year end of the S corporation.
Mail to: South Carolina Department of Revenue, Corporation, Columbia, SC
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USE BLACK INK ONLY |
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PLEASE DO NOT CUT, SUBMIT ENTIRE PAGE |
1350 |
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STATE OF SOUTH CAROLINA |
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DEPARTMENT OF REVENUE |
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WITHHOLDING TAX ON INCOME OF |
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NONRESIDENT SHAREHOLDERS |
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(Rev. 8/13/10)
3312
CLIP CHECK HERE
SC CORPORATE FILE # INCOME ACCT PERIOD END
FEIN
(Signature of duly authorized officer / taxpayer) |
Date |
Corporate Name and Address
1.Amount from line 5 of SC1120S (less allocated
income). . . . . . . . . . 1.
2. Line 1 times % of income allocated to non- resident shareholders. . . . . . 2.
3.Amount of line 2 exempt from withholding. Attach statement. See instructions . . . 3.
4.Subtract line 3
from line 2. . . . . . . . 4.
5.Withholding tax
due
. 00
. 00
. 00
. 00
. 00
33121021