Welcome to the New SCDOR Website

It’s still us—just with a fresh new look! The SCDOR launched our redesigned website this week, and we hope you’ll take a look around. Take a virtual tour or read some quick tips!

Menu
Open Search

How to apply

Angel Investor applicants must submit their application on MyDORWAY​ any time after the qualified investment is made—or by December 31 each calendar year. 

The SCDOR will notify each applicant if they were approved or denied for the Angel Investor Credit by January 31 of the year following the investment.

Requirements

 Before you can apply for the credit, you must have:

  • ​Signed up for a MyDORWAY account.
  • Previously filed a South Carolina Individual Income Tax return (SC1040).

If you do not meet these requirements:

  1. Request a letter ID: Fill out and email the Request a Letter ID form to TaxCredits@dor.sc.gov​. Once we’ve processed your request for a Letter ID, the SCDOR will mail you the Letter ID needed for creating your MyDORWAY account.
  2. Create your MyDORWAY account: To create your MyDORWAY account, get started at dor.sc.gov/MyDORWAY-signup.

Apply on MyDORWAY​

If you meet both requirements listed above, you may begin the application process on MyDORWAY.

  1. Log in to MyDORWAY and select the Accounts tab.
  2. Scroll to your Individual Income Tax account and click More Account Options.
  3. Select Apply for an Angel Investor Credit. ​

Requirements

Before you can apply for the credit, you must have:

  • ​​Signed up for a MyDORWAY account.
  • Previously filed a South Carolina Business Income Tax Return.

If you've never filed an SC Business Income Tax return, register your business at dor.sc.gov/register.

  • Select New Business Tax Application.
  • During the registration process, you’ll be prompted to create your MyDORWAY account. Once you have submitted your application, allow 3 to 5 business days for your account to be activated.​

If you don't have a MyDORWAY account but have filed an SC Business Income Tax return, create a MyDORWAY account at dor.sc.gov/MyDORWAY-signup.

Apply on MyDORWAY

If you meet both requirements listed above, you may begin the application process on MyDORWAY:

  1. Log in to MyDORWAY and select the Accounts tab.
  2. Scroll to your Corporate or Partnership Tax account and click More Account Options.
  3. Select Apply for an Angel Investor Credit. ​

Unused credit can be carried over or transferred​

If you have been approved for the Angel Investor Credit, and the amount of credit exceeds your tax liability for the applicable tax year, you may carryover the excess to the next 10 years.

The transferor must submit a Notice of Transfer to the SCDOR that includes:

  • The name, SSN, address, and phone number of the transferor of the credit.
  • The name, SSN, address, and phone number of each transferee of the credit.
  • A statement confirming that this portion of the credit was not previously transferred.
  • The total amount of credit currently available to the transferor. (total credit amount minus any credits used by the transferor)
  • The date the original credit was issued.
  • The amount of the credit to be transferred, the date the transfer will be made, and a waiver of the right to claim the portion of the credit being transferred.
  • The transferor’s remaining credit balance after the transfer.
  • The amount paid for credit transfer. 

Submit your documentation.
The SCDOR may request other documentation if needed.

To submit your documentation, send the SCDOR a web message with the required attachments:

  1. ​Log in to MyDORWAY.
  2. Select the More tab.​
  3. Click Send the SCDOR a Message.

For more information on the Angel Investor Credit, see SC Code Section 11-44-10 and SC Revenue Ruling #14-6​.