Form I-309 Nonresident Shareholder or Partner Affidavit and Agreement Income Tax Withholding - South Carolina

What Is Form I-309?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form I-309?
A: Form I-309 is the Nonresident Shareholder or Partner Affidavit and Agreement Income Tax Withholding form specific to South Carolina.

Q: Who needs to file Form I-309?
A: Nonresident shareholders or partners who are subject to income tax withholding in South Carolina need to file Form I-309.

Q: What is the purpose of Form I-309?
A: The purpose of Form I-309 is to declare the nonresident shareholder or partner's agreement to be subject to the income tax withholding requirements in South Carolina.

Q: When should Form I-309 be filed?
A: Form I-309 should be filed before the nonresident shareholder or partner receives any income from a South Carolina business entity.

Q: Are there any penalties for not filing Form I-309?
A: Yes, non-filing or late filing of Form I-309 may result in penalties, including interest and possible loss of the nonresident shareholder or partner's ability to claim a tax credit in their home state.

Q: Is Form I-309 only applicable to nonresidents?
A: Yes, Form I-309 is specifically for nonresident shareholders or partners who are not residents of South Carolina.

Q: Is Form I-309 applicable to all business entities in South Carolina?
A: Yes, Form I-309 is applicable to all business entities in South Carolina that have nonresident shareholders or partners.

Q: Can I amend Form I-309 if needed?
A: Yes, if there are any changes to the information provided in Form I-309, an amended form can be filed.