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Captures income tax period details, FEIN, corporate identification, mailing and address changes, officer and accounting period information, and whether a federal/state extension or consolidated return applies. Provides Part I computation of income tax liability with federal taxable income reconciliation, adjustments, credits, payments, balance due or overpayment, and related penalties/interest. Part II computes the license fee and includes related schedules A, B, and C plus fee credits.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/sc-1120-state-of-south-carolina-c-corporation-income-tax-return/302788/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/sc-1120-state-of-south-carolina-c-corporation-income-tax-return/302788.png","ImageObject",442,249,{"name":88,"@type":89},"Noah","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-27","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What information must be provided for the corporation on SC 1120?","Question",{"text":108,"@type":109},"The form requests the income tax period ending and license fee period ending, FEIN, corporate name and mailing address, change of address information, officer details, and accounting period details.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How is South Carolina income tax liability calculated in Part I?",{"text":113,"@type":109},"Part I reconciles federal taxable income and net adjustments, computes South Carolina net income subject to tax, applies the 5% tax rate, then accounts for tax deferrals, nonrefundable credits, payments, and the resulting balance due or overpayment.",{"name":115,"@type":106,"acceptedAnswer":116},"How is the license fee computed on the form?",{"text":117,"@type":109},"Part II calculates total capital and paid-in surplus, then multiplies line 20 by .001 and adds $15, with a minimum fee rule stated on the form; it then subtracts the relevant credits and totals payments.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},302788,1790456173,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":76},8796095462418,"https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780","[dor.sc.gov](dor.sc.gov)  \n\n| | STATE OF SOUTH CAROLINA\u003Cbr>C CORPORATION INCOME TAX RETURN\u003Cbr>Due by the 15th day of the fourth month following the close of the taxable year |\n| --- | --- |\n\nSC 1120  \n(Rev. 7/2/25) 3091  \n\n| Income Tax period ending  - - License Fee period ending  - - FEIN   Name   Mailing address   City   State   ZIP  \u003Cbr>Change of\u003Cbr>  Address\u003Cbr>  Officers\u003Cbr> Accounting Period\u003Cbr> Check if you filed a federal or state extension\u003Cbr>(Complete\u003Cbr>Check if:  Initial Return  Consolidated Return Schedule M)  Amended Return  Includes Disregarded LLCs ComchedpuletleeL)\u003Cbr>Check if: Merged   Reorganized  Final\u003Cbr>Total\u003Cbr>\u003Cbr>gross receipts\u003Cbr>Total cost of depreciable personal property in SC\u003Cbr>|  | County or counties in SC where property is located |  |  |\n| --- | --- | --- | --- | --- |\n|  |  | Audit location: Street address |  |  |\n|  |  | City State ZIP |  |  |\n|  |  | Audit contact: Name Phone number |  |  |\n|  |  | Email |  |  |\n|  |  | Is the corporation included in a consolidated federal return?  Yes  No |  |  |\n|  |  | Name of federal parent company |  |  |\n|  |  | FEIN of federal parent company |  |  |\n|  |  | Attach complete copy of federal return |  |  |\n| PART I\u003Cbr>COMPUTATION OF INCOME TAX LIABILITY | 1. Federal taxable income from federal tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>2. Net adjustment from Schedule A and B, line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>3. Total net income as reconciled (add line 1 and line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>4. If multi-state corporation, enter amount from Schedule G, line 6; otherwise, enter amount from line 3.\u003Cbr>5. South Carolina net operating loss carryover, if applicable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>6. South Carolina net income subject to tax (subtract line 5 from line 4) . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>7. Tax (multiply line 6 by 5%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>8. Tax deferred on income from foreign trade receipts (see instructions) . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>9. Balance (subtract line 8 from line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>10. Nonrefundable credits (enter amount from Schedule C, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>11. Balance of tax (subtract line 10 from line 9 and enter the difference, but not less than zero) . . . . .\u003Cbr>12. Interest on DISC-deferred tax liability  00 or foreign trade deferred tax\u003Cbr>liability  00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>13. Total tax and/or interest (add line 11 and line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>14. Payments: (a) Tax withheld (attach 1099s or I-290s) . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>(b) Paid by declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>(c) Paid with extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>(d) Credit from line 29b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Refundable Credits: (e) Ammonia Additive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>(f) Milk Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>(g) Reserved for future use  \u003Cbr>15. Total payments and refundable credits (add line 14a through line 14f) . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>16. Balance of tax and/or interest (subtract line 15 from line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\u003Cbr>\u003Cbr>\u003Cbr> 1. 2.\u003Cbr> 3.  4.  5.\u003Cbr> 6. 7.\u003Cbr> 8","cbCaiaMVINa1GNPf","https://ap.wps.com/l/cbCaiaMVINa1GNPf","pdf",117944,8,"English","# PART I - COMPUTATION OF INCOME TAX LIABILITY\n## Federal taxable income and net income reconciliation\n## Tax, credits, payments, and balance due/overpayment\n# PART II - COMPUTATION OF LICENSE FEE AND SCHEDULES A, B, AND C","[{\"question\":\"What information must be provided for the corporation on SC 1120?\",\"answer\":\"The form requests the income tax period ending and license fee period ending, FEIN, corporate name and mailing address, change of address information, officer details, and accounting period details.\"},{\"question\":\"How is South Carolina income tax liability calculated in Part I?\",\"answer\":\"Part I reconciles federal taxable income and net adjustments, computes South Carolina net income subject to tax, applies the 5% tax rate, then accounts for tax deferrals, nonrefundable credits, payments, and the resulting balance due or overpayment.\"},{\"question\":\"How is the license fee computed on the form?\",\"answer\":\"Part II calculates total capital and paid-in surplus, then multiplies line 20 by .001 and adds $15, with a minimum fee rule stated on the form; it then subtracts the relevant credits and totals payments.\"}]","SC 1120 - State of South Carolina C Corporation Income Tax Return | PDF",1789796913]