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1350 STATE OF SOUTH CAROLINADEPARTMENT OF REVENUECorporate Income Tax Payment VoucherSC1120V (Rev. 10/5/17) 3416INSTRUCTIONS FOR FORM SC1120V PAY ELECTRONICALLY FOR FREE AT MyDORWAY.dor.sc.gov Payment.

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Related content

SC1120-V - SC Department of Revenue - SC.gov
Jun 11, 2020 — Enter the Income Tax and License Fee period ending in the MM-YY format...
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​Summary. If the corporation has a valid Subchapter S election granted by the Internal Revenue Service and is doing business in South Carolina, the S Corporation Income Tax Return (SC1120S) must be filed. S Corporations are subject to an annual License Fee of . 1% of capital and paid-in-surplus, plus $15.

If you pay the License Fee late, you will receive a penalty of 0.5% per month, not to exceed 25%.

S corporations are subject to the annual $800 minimum franchise tax.

Summary. Corporations transacting or conducting business within South Carolina are required to file a corporate tax return. Domestic corporations must submit the "Articles of Incorporation" and related documents to the Secretary of State.

$903 for Form 1120S – S corporation.

A South Carolina Tax Power of Attorney (Form SC-2848) or “Department Of Revenue Power Of Attorney And Declaration Of Representative” is a required submission when you wish to grant someone with the authority to act on your behalf when dealing with the South Carolina Department of Revenue.

The Corporate License Tax Rate is $1 for each $1,000 of capital stock and paid-in or capital surplus, plus a $15 annual fee.

SC 1120. Includes Disregarded LLCs. Check if: Total cost of depreciable personal property in SC. Check if you filed a federal or state extension.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232