SC 1101 B - Bank Tax Return

Sep 19, 2026

Upload by Violet

State of South Carolina bank tax return form SC1101B for computing bank tax liability. Includes taxpayer identification and address fields, audit information, and checkboxes for initial, amended, merged/reorganized, and federal/state extension status. Provides step-by-step computation lines using federal taxable income, net adjustments, multi-state allocation, tax calculation at 4.5%, credits from SC1120TC, payments, and totals for balance due with interest and penalties. Contains schedules A and B additions and deductions, certification and officer signature sections, and mailing/payment instructions.

LanguageEnglish

CategoryInvoices

FormatPDF

Pages5

Reading Time2 min

AccessFree to download

Period ending and identification

Address, audit info, and filing status

Computation of bank tax liability

Income, adjustments, tax rate, credits

Payments, interest, penalties, balance due

Mailing and payment instructions

Pay online and check requirements

Schedules A and B

Additions to federal taxable income

Deductions from federal taxable income

Certification and signature

[dor.sc.gov](dor.sc.gov) STATE OF SOUTH CAROLINA BANK TAX RETURN Due by the 15th day of the fourth month following the close of the taxable year. SC 1101 B (Rev. 5/4/22) 3089 | Period ending - - FEIN Name Mailing address City State ZIP
Change of Address Accounting Period | | County or counties in SC where property is located | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | Audit location: Street address | | | | | | | | City State ZIP | | | | | | | | Audit contact Phone number | | | | | | | | Check if: Initial Return | Amended Return | | | | | | | Check if:
Merged Reorganized Final | | | | | | | Check if you filed a federal or state extension | | | | | | | Attach complete copy of federal return | | | | | | | | Date organized Under the laws of the state of Books are in care of Located at If not incorporated in SC, date qualified to do business in SC | | | | | | | | COMPUTATION OF BANK TAX LIABILITY | | | | | | | | 1. Federal taxable income from federal tax return ..................................................................(S Corporations-see General Information in Instructions)
2. Net adjustment from Schedule A and B, line 19 .................................................................
3. Total net income as reconciled (add line 1 and line 2) ..........................................................
4. If multi-state bank, enter amount from Schedule D, line 6; otherwise enter amount from line 3 .....
5. Tax (multiply line 4 by 4 .5%) ..........................................................................................
6. Nonrefundable credits taken this year from SC1120TC ........................................................
7. Balance of tax (subtract line 6 from line 5) .............................................. ...........................
8. Payments: (a) Tax withheld (attach 1099s or I-290s) ..........................................................
(b) Paid by declaration ..................................................................................
(c) Paid with extension .................................................................................. Total (add line 8a through line 8c) ...................................................................
9. Balance of tax due (subtract line 8 from line 7) ...................................................................
10. (a) Interest ..... ............................................................................................................
(b) Late file/pay penalty ................................................................................................
(c) Declaration penalty (attach SC2220) ........................................................................... Total (add line 10a through line 10c) See penalty and interest instructions...............................
11. Total tax, interest, and penalty (add line 9 and line 10) .................................. BALANCE DUE
12. Overpayment (subtract line 7 from line 8) ............................................. ............................. To be applied as follows: ............................................................. .... (a) ESTIMATED TAX
(b) REFUND | | | | 1.
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FAQs

Who must complete SC1101B and when is it due?

SC1101B is a South Carolina bank tax return. It is due by the 15th day of the fourth month following the close of the taxable year.

How is the balance due on SC1101B calculated?

Compute tax by starting with federal taxable income, adding net adjustments, then applying the multi-state allocation (if applicable) and multiplying by 4.5%. Subtract nonrefundable credits, then subtract total payments to arrive at the balance of tax due, and add interest and penalties for the total tax, interest, and penalty.

Where should payment and returns be sent?

Balance due returns can be paid online through MyDORWAY. If paying by check, make it payable to SCDOR with required identifying information. Mail balance due to SCDOR Corporate Taxable PO Box 100151, and mail refund or zero tax returns to SCDOR Corporate Refund PO Box 125, Columbia, SC 29214-0032.

Sep 19, 2026

Upload by Violet