SC1120T Application for Automatic Extension of Time
The SC1120T Application for Automatic Extension of Time to File Corporation Tax Return has been modified from the prior year.
- Line 1 for the tentative tax due should be the net income tax due after deducting: withholding credited to the taxpayer, estimated income tax payments (including last year’s overpayment transferred) and/or income tax credits.
- Line 2 for the license fee is the net license fee due after deducting any credits against license fees.
- Line 3 is the total of lines 1 and 2.
- Do NOT enter less than zero for lines 1 or 2.
Always enter your South Carolina Corporate File #, FEIN and the income accounting period end (not a quarter end period).