Form SC990-T Exempt Organization Business Tax Return - South Carolina

What Is Form SC990-T?

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 SC990-T?
A: Form SC990-T is the Exempt Organization Business Tax Return for South Carolina.

Q: Who needs to file Form SC990-T?
A: Exempt organizations operating a business in South Carolina need to file Form SC990-T.

Q: What is the purpose of Form SC990-T?
A: Form SC990-T is used to report business income and calculate the unrelated business income tax (UBIT) for exempt organizations in South Carolina.

Q: What information do I need to complete Form SC990-T?
A: You will need to provide information about your exempt organization, its business activities, and income from unrelated business activities.

Q: When is the deadline to file Form SC990-T?
A: Form SC990-T is due on the 15th day of the 5th month following the close of your organization's tax year.

Q: Are there any penalties for late filing of Form SC990-T?
A: Yes, penalties may be assessed for late filing or underpayment of the tax due.

Q: Can I claim deductions on Form SC990-T?
A: Yes, you can claim deductions related to your organization's unrelated business activities on Form SC990-T.