Laws.com legal forms guide Form 1120S is a S Corporation income tax return. S corporations operating in South Carolina file their income tax using a form SC 1120S. This document can be obtained from the website of the South Carolina Department of Revenue. To complete this state document, a complete copy of your federal form 1120S must be used and attached with your return. Here are the steps to complete the form: 1. In the top left section of the form, provide your filing number, the starting and ending dates of the income tax period, your federal employer identification number, and the business name and address. Indicate with a checkmark if there has been a change in your address, accounting period, or officers. 2. On the right side, give the address of your property in the state and provide the name and phone number of a contact person authorized to cooperate with the Department of Revenue during an audit. 3. Enter your total gross receipts and the total cost of depreciable personal property located in the state. 4. Check the applicable for filing a form for a merged, reorganized, dissolved, or withdrawn business. 5. Indicate with a checkmark whether or not you have any shareholders outside of South Carolina. 6. Enter the total of lines one through ten on your federal form 1120S Schedule K on line one. 7. Skip to the second page and complete Schedule A and B. Transfer the number from line fifteen to line two on the second page. Complete the remainder on the first page as instructed. 8. An officer must sign and date Schedule C on the second page. 9. All corporations must complete Schedule D on the third page. Schedules A through H are only for multi-state corporations. Schedule SC K concerns non-refundable tax credits. If you have one or more qualified...
Award-winning PDF software
Video instructions and help with filling out and completing Form 1120 C Taxpayer
