Form I335 Active Trade or Business Income Reduced Rate Computation - South Carolina

Form I335 Active Trade or Business Income Reduced Rate Computation - South Carolina

What Is Form I335?

This is a legal form that was released by the South Carolina Department of Revenue - a government authority operating within South Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form I335?
A: Form I335 is a tax form used in South Carolina to compute the reduced rate for active trade or business income.

Q: What is the purpose of Form I335?
A: The purpose of Form I335 is to calculate the reduced rate for active trade or business income in South Carolina.

Q: Who needs to file Form I335?
A: Any individual or business in South Carolina with active trade or business income that qualifies for the reduced rate needs to file Form I335.

Q: What is the reduced rate for active trade or business income in South Carolina?
A: The reduced rate for active trade or business income in South Carolina is determined based on the calculations made on Form I335.

Q: How do I complete Form I335?
A: To complete Form I335, you need to follow the instructions provided on the form and enter the required information accurately.

Q: When is the deadline to file Form I335?
A: The deadline to file Form I335 in South Carolina is typically the same as the deadline for filing your state tax return, which is April 15th.

Q: Are there any penalties for late filing of Form I335?
A: Yes, there may be penalties for late filing of Form I335 in South Carolina. It is important to file the form by the deadline to avoid any penalties or interest charges.

Q: What if I have questions about Form I335?
A: If you have any questions or need assistance with Form I335, you can contact the South Carolina Department of Revenue for guidance.

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Form Details:

  • Released on September 24, 2018;
  • The latest edition provided by the South Carolina Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form I335 by clicking the link below or browse more documents and templates provided by the South Carolina Department of Revenue.

Download Form I335 Active Trade or Business Income Reduced Rate Computation - South Carolina

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