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STATE OF SOUTH CAROLINA1350DEPARTMENT OF REVENUE APPLICATION FOR AUTOMATIC EXTENSION OF TIME TO FILE CORPORATE TAX RETURNdor.sc.govSC1120T (Rev. 5/3/22) 3096Request a filing extension using our free.
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South carolina sc1120 FAQ
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.
You can expect your refund to move through our review process within 6-8 weeks from February 6 or the date you filed (whichever is later), if you filed electronically; paper returns take longer. Amended returns take at least 12 weeks to complete the review process.
South Carolina (Married couples who filed jointly will receive only one rebate.) Those who did not pay income taxes -- around 44% of South Carolinians -- did not receive a check. If you filed your 2021 income tax return by Oct. 17, you should have received your rebate by the end of 2022.
The good news is South Carolina's rebate checks are not being taxed by the state, so your state filing is in the clear.
You can also mail the SC1120-T to: SC Department of Revenue, Corporate Voucher, PO Box 100153, Columbia SC 29202. Include Business Name and FEIN on both the form and the check.
For general rebate information, including how to track your rebate status online, go to dor.sc.gov/rebate-2022. For individual questions that can't be answered online, call our dedicated rebate phone line, 803-722-1958. Check out our rebate videos on YouTube.
You may be charged a penalty if: you did not pay at least 90% of the total tax due. How to calculate your underpayment: The underpayment of any installment is the difference between the amount of your required installment and any payments you made by the due date of the installment.
Rebates are based on your 2021 tax liability, up to a cap. The rebate cap – the maximum rebate amount a taxpayer can receive – is $800. If your tax liability is less than $800, your rebate will be the same amount as your tax liability. If your tax liability is over the $800 cap, you will receive a rebate for $800.
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