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South Carolina SC Withholding Fourth Quarter/Annual Reconciliation
Extracted from PDF file 2023-south-carolina-form-wh-1606.pdf, last modified January 2024SC Withholding Fourth Quarter/Annual Reconciliation
Withholding Tax Returns WHAT’S NEW FOR WITHHOLDING TAX? • Withholding Tables and the SC W-4 are available online and updated annually. • Remember to submit your W-2s with SC income to the SCDOR. Skip the paper and upload using MyDORWAY! Manage your tax accounts online for FREE! Fast. Easy. Secure. One-stop shop! Manage your tax accounts all in one place • Review your payment history • Immediate access to correspondence • Easily update your account information • View your past returns and application submissions + more! Why MyDORWAY? • 24/7 account access • Make ACH debit or credit card payments with no convenience fees • Receive immediate confirmation for transactions • Automatic calculations reduce errors • Control who has access to your tax accounts • Always know you’re using the most up-to-date forms Ready to sign up for MyDORWAY? Visit MyDORWAY.dor.sc.gov to get started. You’ll need your FEIN or SSN, SCDOR File Number, and a Letter ID or copy of your last return. Tutorials are available at dor.sc.gov/MyDORWAY Want more information about Withholding Taxes? Visit dor.sc.gov/withholding 1350 STATE OF SOUTH CAROLINA WH-1606 SC WITHHOLDING FOURTH QUARTER AND ANNUAL RECONCILIATION RETURN (Rev. 8/29/23) 3131 DEPARTMENT OF REVENUE dor.sc.gov Place an X in all boxes that apply. Change of Address AMENDED (Make changes to Return address below) Quarter SC Withholding File Number Close Withholding Account Date 4th quarter Oct, Nov, Dec Business name and address Year FEIN Due by January 31 File and pay online at MyDORWAY.dor.sc.gov. Do not mail when filing online. ATTACH CHECK HERE You must file WH-1606 even if you withheld no SC Income Tax during the quarter. Do not enter negative numbers. All cent fields must be completed using numbers (.00 - .99). 4th quarter SC Income Tax information only 1. . 2. . 3. . 4. . 5. Penalty $ Interest $ . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 6. Total SC Income Tax, penalty, and interest due Add line 4 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE DUE 6. . 1. 4th quarter SC Income Tax withheld from all sources . . . . . . . . . . . . . . . . . (Do not include amounts withheld during other quarters.) 2. 4th quarter SC Income Tax deposits or payments previously made . . . . . (SC payments must be made at the same time as federal payments.) 3. REFUND: If line 2 is greater than line 1, enter the difference on line 3 . . . . SKIP LINES 4-6. DO NOT PAY THIS AMOUNT 4. TAX DUE: If line 2 is less than line 1, enter the difference on line 4 . . . . . . Annual SC reconciliation information (required) 7. South Carolina tax withheld by quarter. Enter total on line 7. Jan - Mar Jul - Sep Apr - Jun Oct - Dec . 7. . 8. Total SC Income Tax withheld from all quarters reported from W-2s $________________, W-2Gs $_______, and 1099s $___________ 8. . Enter total on line 8. Line 8 should equal line 7. . 9. Total SC income from W-2s, W-2Gs, and 1099s . . . . . . . . . . . . . . . . . . . . . . 9. 10. Number of W-2s, W-2Gs, and 1099s submitted with your WH-1612 or online through MyDORWAY (see instructions). . . . . . . . . . . . . . . . . . . . . .10. Mail to: Balance due: SCDOR, Withholding, PO Box 100161, Columbia, SC 29202 Refunds or zero tax: SCDOR, Withholding, PO Box 125, Columbia, SC 29214-0004 I authorize the Director of the SCDOR or delegate to discuss this return, attachments, and related tax matters with the preparer. Yes No Preparer's name Phone number Under penalty of law, I certify that this information is correct, true, and complete to the best of my knowledge. Sign Here Signature Name Title Date Email Phone 31311079 INSTRUCTIONS (Rev. 1/4/24) The fastest, easiest way to file this return and make your payment is using MyDORWAY, our free online tax portal. If you've never created a MyDORWAY account, get started at dor.sc.gov/MyDORWAY-signup. Do not mail this form when filing online. Due date: January 31 of the following year You must file a return even if you withheld no SC Income Tax during the quarter. You must file a WH-1606 if the account was open for any portion of the calendar year. Use only fourth quarter amounts for lines 1-6. Enter total SC Income Tax withheld from all sources in the fourth quarter. Enter the corrected amount if filing Line 1 an amended return. Enter total SC Income Tax deposits or payments made in the fourth quarter. For amended returns, include the Line 2 amount paid with original WH-1606. If line 2 is greater than line 1, enter the amount of SC refund. SKIP LINES 4-6. Line 3 If line 2 is less than line 1, enter the amount of SC tax due. Line 4 Enter the amount of penalty and interest due. Visit MyDORWAY.dor.sc.gov for a penalty and interest calculator. Line 5 Enter the total SC Income Tax, penalty, and interest due. Line 6 Annual amounts. You are required to complete lines 7 through 10. Enter the corrected figures when amending a return. Line 7 Line 8 Line 9 Line 10 Enter the amount of SC Income Tax withheld in each quarter and enter the total on line 7. Enter the total SC Income Tax withheld from all quarters reported from W-2s, W-2Gs, and 1099s. Line 8 should equal the total of all quarters from line 7. If there is a difference, you should review your records to determine the quarter or quarters that should be amended. Enter the total SC income from all W-2s, W-2Gs, and 1099s. Enter the total number of wage and tax statements. • Submit all W-2s online or with a WH-1612. o Use the state copy of W-2 forms. o Do not submit W-2s with a WH-1612 if you submit online. • W-2Gs, W-2cs, 1099-MISCs, 1099-Rs, and 1099-NECs can be submitted online on MyDORWAY; all other 1099s must be submitted using a WH-1612. o Only include 1099s with SC tax withheld. To avoid delays in processing your return: • • • • • • • • • Remember, amounts withheld from employees on W-2s cannot be refunded to employers. Use black ink only. Do not staple attachments. Write all numbers clearly. Always include cents. (examples: 20.13, 19.00) Do not put slashes, dashes, dollar signs, or commas on the amount lines. Sign the return. The signature must be from a person authorized to act on behalf of the Withholding agent. Sign your check and include the written dollar amount. Attach payment for the full amount due to this return. Do not include a WH-1601 coupon. Mail to the correct address. • Balance due: SCDOR, Withholding, PO Box 100161, Columbia, SC 29202 • Refunds or zero tax: SCDOR, Withholding, PO Box 125, Columbia, SC 29214-0004 Authorization and signature: Check the box for release of confidential information and provide your preparer's name and phone number. This authorizes the Director of the SCDOR or delegate to discuss this return, its attachments, any notices, adjustments or assessments with the preparer. For more information, visit dor.sc.gov/tax/withholding.
Form WH-1606
More about the South Carolina Form WH-1606 Corporate Income Tax TY 2023
We last updated the SC Withholding Fourth Quarter/Annual Reconciliation in January 2024, so this is the latest version of Form WH-1606, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form WH-1606 directly from TaxFormFinder. You can print other South Carolina tax forms here.
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TaxFormFinder has an additional 68 South Carolina income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form WH-1612 | Transmittal Form for W2s or 1099s Submitted by CD-ROM or Paper |
| Form CL-1 | Initial Annual Report of Corporations |
| Form I-349 | Schedule for Business Closure or Organizational Change |
| Form SC1120I | Information and Instructions for C and S Corporation Tax Returns |
| Form I-309 | Nonresident Shareholder or Partner Affidavit and Agreement Income Tax Withholding |
View all 69 South Carolina Income Tax Forms
Form Sources:
South Carolina usually releases forms for the current tax year between January and April. We last updated South Carolina Form WH-1606 from the Department of Revenue in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of South Carolina Form WH-1606
We have a total of twelve past-year versions of Form WH-1606 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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