Get the up-to-date sc form 1120s 2024 now

Show details

4.8 out of 5

57 votes

The document is the South Carolina S Corporation Income Tax Return (SC 1120S), which outlines the requirements and computations for filing income tax for S corporations in South Carolina. It includes sections for reporting gross receipts, deductions, tax liabilities, license fees, and shareholder information, as well as instructions for payment and filing deadlines.

Here's how it works

01. Edit your sc 1120s online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send south carolina form 1120 via email, link, or fax. You can also download it, export it or print it out.

How to quickly redact Sc form 1120s online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is the greatest editor for changing your paperwork online. Follow this straightforward instruction to edit Sc form 1120s in PDF format online free of charge:

Register and sign in. Register for a free account, set a strong password, and proceed with email verification to start managing your templates.
Add a document. Click on New Document and choose the form importing option: upload Sc form 1120s from your device, the cloud, or a protected link.
Make changes to the sample. Utilize the upper and left panel tools to redact Sc form 1120s. Insert and customize text, pictures, and fillable fields, whiteout unnecessary details, highlight the significant ones, and provide comments on your updates.
Get your paperwork done. Send the sample to other people via email, generate a link for quicker file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail added.

Discover all the advantages of our editor today!

See more sc form 1120s versions

We've got more versions of the sc form 1120s form. Select the right sc form 1120s version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.3 Satisfied (59 Votes)
2022	4.6 Satisfied (22 Votes)
2021	4.8 Satisfied (57 Votes)
2020	4.3 Satisfied (83 Votes)
2019	4.4 Satisfied (73 Votes)
2018	4 Satisfied (40 Votes)
2017	4.3 Satisfied (144 Votes)
2016	4.3 Satisfied (96 Votes)
2015	4 Satisfied (32 Votes)
2014	4 Satisfied (57 Votes)
2010	4.2 Satisfied (67 Votes)
2008	4.6 Satisfied (59 Votes)
2007	4 Satisfied (43 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does SC require annual reports for LLC?

South Carolina does not require LLCs to file an annual report. Taxes. For complete details on state taxes for South Carolina LLCs, visit Business Owner's Toolkit or the State of South Carolina . Federal tax identification number (EIN).

Where do I mail SC 1120S?

Mail Balance Due returns to: SCDOR Corporate Taxable PO Box 100151 Columbia, SC 29202 Payments: Pay online using our free tax portal, MyDORWAY, at dor.sc.gov/pay.

Do I have to file a corporate return?

You must file California Corporation Franchise or Income Tax Return (Form 100) if the corporation is: Incorporated in California. Doing business in California. Registered to do business in California with the Secretary of State.

How do I form an S Corp in South Carolina?

Starting a South Carolina LLC and electing S corp tax status is easy.... Step 1: Name Your LLC. ... Step 2: Choose Your South Carolina Registered Agent. ... Step 3: File the South Carolina LLC Articles of Organization. ... Step 4: Create an LLC Operating Agreement. ... Step 5: Get an EIN and Complete Form 2553 on the IRS Website.

Can you efile SC 1120S?

The SC1120S-WH cannot be filed electronically. If you pay on MyDORWAY, you must still mail your completed SC1120S-WH to the address on the form. The Withholding Tax on Income of NonResident Shareholders (SC1120S-WH) must be submitted separately from the S Corporation Income Tax Return (SC1120S) for processing purposes.

sc tax department

sc form 1120s instructions 2021 sc 1120s instructions sc 1120s-wh 1120s 2021 sc 1120s k-1 sc form i-435 sc i-435 instructions sc 1120s extension

Does South Carolina tax S corps?

S Corporations are required to withhold 5% of the South Carolina taxable income of shareholders who are nonresidents of South Carolina. To avoid penalty and interest, file the SC1120S-WH and submit your Withholding Tax payment by the 15th day of the third month following the S Corporation's taxable year end.

Does South Carolina recognize S corporations?

South Carolina recognizes the federal S election, and South Carolina S corporations are not required to pay corporate income tax to the state; however, South Carolina S corporations are required to pay the state's corporate license fee.

Can I form an S Corp on my own?

Keep in mind that \u201cS corporation\u201d is a tax designation, not a business entity type. You can't 'incorporate' as an S corporation. To become one, you have to apply to the IRS. S corps report their income to the IRS on Form 1120S.

Does South Carolina have corporate tax?

The Corporate Income Tax rate on C Corporations is 5% on South Carolina taxable income. The starting point in determining South Carolina taxable income is federal taxable income with certain South Carolina modifications subject to allocation and apportionment.

How do I file an S Corp in South Carolina?

How to Form an S Corporation in South Carolina Step 1: Choose a name. ... Step 2: Appoint a registered agent. ... Step 3: Elect directors or managers. ... Step 4: File Articles of Incorporation/Organization with the South Carolina Secretary of State. ... Step 5: File Form 2553 to turn business into an S Corporation.