Summary:
South Carolina taxable income of estates and trusts are taxed either to the fiduciary or to the beneficiaries in the same manner as federal Income Tax purposes. Certain taxable income, such as real estate gains and rentals from property located in South Carolina, and income flowing through from a business located in South Carolina and distributable to nonresident beneficiaries, is subject to withholding at South Carolina's top marginal Individual Income Tax rate for the tax year. Fiduciaries are required to make quarterly payments of Estimated Income Tax in the same manner as for federal Income Tax purposes. The return due date is the same as the federal return. A grantor trust is not taxed as a trust; its income or loss is taxable to the grantor.
How to File & Pay:
Fiduciary taxpayers whose South Carolina tax liability is $15,000 or more per filing period
must file and pay electronically.
Due Dates:
The return is due the 15th day of the fourth month after the close of the tax year (April 15 for calendar year filers).
Business Income Tax Refund Status:
To check the status of your current year South Carolina Business Income Tax refund, you will need to
enter the following information on MyDORWAY:
-
FEIN (Federal Employer Identification Number)
-
Refund Amount
Mailing Addresses:
|
Balance due: |
Refund or Zero Tax: | Correspondence
| Extension (SC8736)
|
|---|
|
Balance due:
South Carolina Department of Revenue
Taxable Fiduciary
PO Box 125
Columbia, SC 29214-0038 |
Refund or Zero Tax:
South Carolina Department of Revenue
Nontaxable Fiduciary
PO Box 125
Columbia, SC 29214-0039 | South Carolina Department of Revenue
Fiduciary Tax
PO Box 125
Columbia, SC 29214-0400 | South Carolina Department of Revenue
Taxable Extension
PO Box 125
Columbia, SC 29214-0036
|
