Get Sc Dor I-290 2014

The SC DoR I-290 form is essential for nonresident real estate withholding in South Carolina. This guide provides a clear and supportive step-by-step approach to help you complete the form accurately and efficiently.

Follow the steps to fill out the SC DoR I-290 form online

1. Press the ‘Get Form’ button to access the form and open it in the editor.
2. Fill in the location of the property by entering the county and tax map number. Ensure these details are accurate, as they are critical for processing.
3. Enter the seller's name and address. Make sure all fields marked with an asterisk (*) are completed as they are required.
4. Specify the date of withholding by filling in the month, date, and year in the respective fields.
5. Provide the buyer's name and address, along with their phone number and tax identification (SSN or FEIN).
6. Indicate the party responsible for withholding by checking the appropriate box (lending institution, real estate agent, etc.), and fill in their tax identification number.
7. On line 1, enter the amount withheld based on the gain, or the amount realized from the sale, as applicable.
8. Check the appropriate box on line 2 to determine withholding based on the provided options and multiply it by the amount on line 1.
9. Calculate the total payment to the seller on line 2 by reducing the gross sales price by selling expenses and certain mortgages.
10. Enter any penalty or interest due for late payments in lines 5a and 5b, as necessary.
11. Confirm the total amount due, which includes tax, penalty, and interest on line 6.
12. If applicable, check box 7 regarding the seller's election out of installment sales treatment.
13. Finally, the buyer must sign and date the form, ensuring all required fields are completed correctly.
14. You can save your changes, download the completed form, or print it for your records and submission to the relevant department.

Complete and submit your SC DoR I-290 form online for timely processing.