INSTRUCTIONS: SOUTH CAROLINA 'S' CORPORATION INCOME TAX RETURN (Form SC 1120S)

S Corporations operating in South Carolina file their income tax owed using a form SC 1120S. This document is obtained from the website of the South Carolina Department of Revenue. A complete copy of your federal form 1120S must be used to complete this state document and attached with your return.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 1: In the top left section of the form, give your filing number, the starting and ending dates of the income tax period in question, your federal employer identification number and your business name and address. Indicate with a check mark if there has been a change in your address, accounting period or officers.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 2: On the right, give the address of your property in the state, as well as the name and phone number of a contact person authorized to cooperate with the Department of Revenue during an audit.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 3: Enter your total gross receipts and the total cost of depreciable personal property located in the state.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 4: Check the applicable box if filing a form for a merged, reorganized, dissolved or withdrawn business.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 5: Indicate with a check mark whether or not you have any shareholders outside of South Carolina.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 6: Enter the total of lines one through 10 on your federal form 1120S, Schedule K on line one.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 7: Skip to the second page and complete Schedule A and B. Transfer the number from line 15 to line two on the second page. Complete the remainder of the first page as instructed.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 8: An officer must sign and date Schedule C on the second page.

South Carolina 'S' Corporation Income Tax Return SC 1120S Step 9: All corporations must complete Schedule D on the third page. Schedules E through H are only for multi-state corporations. Schedule SC-K concern non-refundable tax credits. If you have one or more Qualified Subchapter S Subsidiaries, complete Schedule L.