Form SC1120S-WH Withholding Tax on Income of Nonresident Shareholders - South Carolina

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of Form SC1120S-WH for the current year.

Form SC1120S-WH Withholding Tax on Income of Nonresident Shareholders - South Carolina

What Is Form SC1120S-WH?

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 SC1120S-WH?A: Form SC1120S-WH is the Withholding Tax Return for Income of Nonresident Shareholders in South Carolina.

Q: Who needs to file Form SC1120S-WH?A: Any S Corporation in South Carolina that has nonresident shareholders needs to file Form SC1120S-WH.

Q: What is the purpose of Form SC1120S-WH?A: The purpose of Form SC1120S-WH is to report and withhold taxes on income distributed to nonresident shareholders.

Q: Are all income distributions subject to withholding?A: No, only income distributions that are derived from sources within South Carolina are subject to withholding.

Q: When is Form SC1120S-WH due?A: Form SC1120S-WH is due on or before the 20th day of the 4th month following the close of the tax year.

Q: What happens if I fail to file or pay the withholding tax?A: Failure to file or pay the withholding tax may result in penalties and interest being imposed by the South Carolina Department of Revenue.

ADVERTISEMENT

Form Details:

  • Released on November 13, 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 SC1120S-WH by clicking the link below or browse more documents and templates provided by the South Carolina Department of Revenue.

Download Form SC1120S-WH Withholding Tax on Income of Nonresident Shareholders - South Carolina

4.6 of 5 (46 votes)
  • Form SC1120S-WH Withholding Tax on Income of Nonresident Shareholders - South Carolina, Page 1
ADVERTISEMENT

Related Documents