Sc1120 ctd 2025

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The document is a tax return form for 'C' corporations in South Carolina, detailing the requirements for filing income tax and license fees. It includes sections for reporting federal taxable income, adjustments, deductions, credits, and computations related to multi-state operations. The form must be submitted by the 15th day of the third month following the end of the taxable year and requires attachments of federal forms and supporting schedules.

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Click ‘Get Form’ to open the SC1120 CTD in the editor.
Begin by entering your corporation's name, mailing address, and Employer ID Number in the designated fields at the top of the form.
Indicate whether you are requesting an extension and specify the return period ending date.
Complete Part I by calculating your income tax liability. Input your Federal Taxable Income from Federal Form 1120 and make necessary adjustments as instructed.
In Part II, compute your license fee based on total capital and paid-in surplus. Ensure to follow the calculations outlined for multi-state corporations if applicable.
Review all entries for accuracy, then sign and date the form where indicated. If a preparer is involved, ensure their information is filled out correctly.

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Versions	Form popularity	Fillable & printable
2023	4.3 Satisfied (29 Votes)
2022	4.8 Satisfied (90 Votes)
2020	4.8 Satisfied (230 Votes)
2019	4.4 Satisfied (111 Votes)
2018	4.3 Satisfied (222 Votes)
2017	4.4 Satisfied (273 Votes)
2016	4.4 Satisfied (530 Votes)
2015	4.1 Satisfied (68 Votes)
2014	4 Satisfied (24 Votes)
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2012	4.2 Satisfied (71 Votes)
2010	4.1 Satisfied (47 Votes)
2008	4 Satisfied (39 Votes)
2006	4 Satisfied (54 Votes)
2004	4 Satisfied (50 Votes)

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What is SC 1120 form?

South Carolina requires corporations to file an annual report with their corporate tax return, but most LLCs do not unless taxed as a corporation. To file annual report South Carolina forms, corporations typically use Form SC 1120, while S corporations use SC 1120S, and partnerships file SC 1065.

What is form 1120 S used for?

Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.

Is form 1120 a C Corp or S Corp?

C corporations use Form 1120 to calculate their taxes due. S corporations use Form 1120S as an information return. S corporations must also prepare a form 10 K-1 for each shareholder to include with their individual returns.

Does South Carolina require an annual report for corporations?

Corporate Facts to Remember An Initial Annual Report (CL-1) is required to be filed by both Qualified and Non-Qualified Corporations. A South Carolina return is to be filed, regardless of the activity, from the date the charter/authority is granted through the date of voluntary dissolution/withdrawal.