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2021	4.8 Satisfied (104 Votes)
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2019	4 Satisfied (46 Votes)
2018	4.4 Satisfied (199 Votes)
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Is fiduciary fee taxable?

Fiduciary fees collected from an estate or from any other source must be claimed as income for tax purposes.

Does South Carolina accept federal 7004?

The SCDOR will also accept a federal Form 7004 marked for South Carolina purposes. The request for extension automatically extends the filing due date of the return for six months.

What is the SC Retirement deduction?

An individual taxpayer receiving retirement income from their own plan may deduct up to $3,000 of qualifying retirement income annually until reaching age 65 and deduct up to $10,000 of such retirement income annually at age 65 and thereafter.

Does tax extension apply to trusts?

A trust, electing large partnership, or REMIC can still get an extension even if it cannot pay the full amount shown on line 4c. But it should pay as much as it can to limit the amount of interest it will owe. Also, a late payment penalty may be charged on the unpaid tax from the regular due date of its return.

Who must file a sc return?

According to South Carolina Instructions for Form SC 1040, you must file a South Carolina income tax return if: You are a RESIDENT and: You filed a federal return with income that was taxable by South Carolina. You had South Carolina income taxes withheld from your wages.

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