S-Corporation

S-CORPORATION ×

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Phone: 803-898-5000
Fax: 803-896-1682
Email:CorpTax@dor.sc.gov

Summary:

If the corporation has a valid S-election and is doing business in South Carolina, the SC 1120S must be filed. S-Corporations are required annually to withhold 5% of the South Carolina taxable income of shareholders who are nonresidents of South Carolina. The income tax withheld must be paid to the SCDOR when filing SC1120S-WH by the 15th of the third month following the taxable year end of the S-Corporation. The S-Corporation must provide nonresident shareholders a form 1099-MISC with "South Carolina Only" written at the top showing respective amounts of income and tax withheld. S-Corporations are subject to an annual license fee of .1% of capital and paid in surplus plus $15. The license fee cannot be less than $25. The income tax and license fee are reported on Form SC 1120S.

Mailing Addresses:

Refund or Zero Return	Balance Due Return	CDP, Tentative or S-WH	Correspondence
Refund or Zero ReturnSouth Carolina Department of Revenue Corporate Refund Columbia, SC 29214-0032	Balance Due Return South Carolina Department of Revenue Corporate Tax Columbia, SC 29214-0033	CDP, Tentative or S-WHSouth Carolina Department of Revenue Corporate Tax Columbia, SC 29214-0006	South Carolina Department of Revenue Corporate Tax Columbia, SC 29214-0820

Due Dates:

File annually on or before the 15th day of the third month after the close of the taxable year except for the initial and/or final return.

Tentative Corporate Tax Return (SC1120-T) is due on or before the 15th day of the third month after the close of the taxable year.

SC1120S-WH with payment is due on or before the 15th day of the third month after the close of the taxable year. Failure to file this return, along with full payment of the tax due, by the due date will result in late file and pay penalties along with interest being imposed.

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