This version of the form is not currently in use and is provided for reference only. Download this version of Form SC1120 for the current year.
This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. Check the official instructions before completing and submitting the form.
Q: What is Form SC1120?
A: Form SC1120 is the 'c' Corporation Income Tax Return for the state of South Carolina.
Q: Who needs to file Form SC1120?
A: All 'c' corporations, including those based in South Carolina and those doing business within the state, need to file Form SC1120.
Q: What information is required for filing Form SC1120?
A: You will need your corporation's financial data, including income, deductions, credits, and expenses, as well as information about your corporation's shareholders and any income or loss allocable to South Carolina.
Q: When is the due date for filing Form SC1120?
A: The due date for filing Form SC1120 is the 15th day of the 3rd month following the close of the tax year.
Q: What are the consequences of not filing Form SC1120?
A: Failure to file Form SC1120 or filing it late may result in penalties and interest charges.
Q: Do I need to include any attachments with Form SC1120?
A: Yes, you may need to attach supporting schedules, federal tax forms, and other relevant documentation to your Form SC1120.
Q: Are there any payment requirements along with Form SC1120?
A: Yes, if you owe tax, you must include payment with your Form SC1120.
Q: Can I get an extension for filing Form SC1120?
A: Yes, you can request an extension by filing Form SC1120-T. The extension will give you an additional six months to file.
Form Details:
Download a printable version of Form SC1120 by clicking the link below or browse more documents and templates provided by the South Carolina Department of Revenue.