Get Instructions And Forms For 2014 - Sctax.org

This guide provides a clear and comprehensive approach for users on how to properly fill out the Instructions and Forms for 2014, specifically the Declaration of Estimated Tax for Fiduciaries. By following the steps outlined below, users can ensure compliance while managing their estimated tax responsibilities efficiently.

Follow the steps to successfully complete your estimated tax declaration.

1. Click ‘Get Form’ button to obtain the form and access it in your preferred online editor.
2. Begin by entering your name, address, and Federal Employer Identification Number (FEIN) in the designated sections of the form.
3. Complete the Estimated Tax Worksheet beginning with line 1. Input the amount of federal taxable income from the 2014 federal Form 1041ES, line 6.
4. For line 2, include any South Carolina adjustments, either adding or subtracting as necessary.
5. Calculate your South Carolina taxable income on line 3 by combining the figures from lines 1 and 2.
6. Using the Tax Computation Schedule provided, compute the tax owed and enter this amount on line 4.
7. If applicable, enter any additional tax on line 5 and sum this with the tax from line 4, noted on line 6.
8. On line 7, input your credits and subtract this from line 6 on line 8.
9. Determine 7% of estimated income from South Carolina sources for line 9, ensuring you adhere to the special instructions if you're a nonresident.
10. Add the amounts from lines 8 and 9 to get your total estimated tax, filling this in on line 10.
11. Complete line 11 with the estimated state income tax expected to be withheld for the entirety of 2014.
12. If the balance from line 12 is $100 or more, prepare to complete and file your payment voucher; if less, no payment is currently needed.
13. Review your completion of the form for accuracy. Once finalized, you may choose to save changes, download, print, or share the form as needed.

Complete your tax documents online to ensure timely submission and compliance.