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South Carolina Corporation Declaration of Estimated Income Tax
Extracted from PDF file 2023-south-carolina-form-sc1120cdp.pdf, last modified April 2022Corporation Declaration of Estimated Income Tax
1350 dor.sc.gov STATE OF SOUTH CAROLINA DEPARTMENT OF REVENUE CORPORATION DECLARATION OF ESTIMATED INCOME TAX SC1120-CDP (Rev. 4/11/22) 3093 Pay online using our free tax portal, MyDORWAY, at dor.sc.gov/pay. Select Business Income Tax Payment to get started. Do not mail a paper copy of the SC1120-CDP if you pay online. • If you owe $15,000 or more in connection with any SCDOR return, you must file and pay electronically according to SC Code Section 12-54-250. • If you file by paper, use only black ink on the SC1120-CDP and on your check. • Enter your Federal Employer Identification Number (FEIN), name, and address. • Enter the Income Tax period ending in the MM-YY format. • Enter your payment amount in whole dollars without a dollar sign (example: 154.00). • Make your check payable to SCDOR. Include your name, FEIN, tax year, and SC1120-CDP in the memo line of the check. Do not send cash. • Mail your SC1120-CDP and payment in one envelope. • Your declaration of Estimated Tax must cover 100% of your Income Tax liability from the current or prior year, whichever is less. • You can pay either in four equal amounts (due by the 15th day of the fourth, sixth, ninth, and twelfth months of your accounting period) or in full by the 15th day of the fourth month of your accounting period. • If your Estimated Tax for the current accounting year is less than $100, a declaration of Estimated Tax is not required. • You may be charged a penalty for the failure to file and pay Estimated Tax. The requirements for South Carolina Estimated Income Tax payments are the same as the requirements for federal Estimated Income Tax payments in Internal Revenue Code Section 6655. • Refer to the SC2220, Underpayment of Estimated Tax by Corporations, available at dor.sc.gov/forms, for more information on computing the underpayment penalty. Mail your SC1120-CDP and payment to: SCDOR, Corporate Voucher, PO Box 100153, Columbia, SC 29202 cut along dotted line 1350 STATE OF SOUTH CAROLINA DEPARTMENT OF REVENUE SC1120-CDP (Rev. 4/11/22) dor.sc.gov 3093 CORPORATION DECLARATION OF ESTIMATED INCOME TAX Pay online! It's quick and easy! Use our free online tax portal, MyDORWAY, at dor.sc.gov/pay. FEIN Name and address of corporation Income Tax period ending (MM-YY) Payment amount . 00 Do not send cash. Make your check payable to SCDOR and include your name, FEIN, tax year, and SC1120-CDP in the memo. 30931059
SC1120CDP_3093.pdf
More about the South Carolina Form SC1120CDP Corporate Income Tax Estimated TY 2023
We last updated the Corporation Declaration of Estimated Income Tax in February 2024, so this is the latest version of Form SC1120CDP, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form SC1120CDP directly from TaxFormFinder. You can print other South Carolina tax forms here.
Other South Carolina Corporate Income Tax Forms:
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 SC1120CDP from the Department of Revenue in February 2024.
Form SC1120CDP is a South Carolina Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
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 SC1120CDP
We have a total of eleven past-year versions of Form SC1120CDP 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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