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Screen SCGen - South Carolina Corporate Income Tax Return (1120)

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General Information

File number
Enter the nine digit file number or the first eight digits of the file number needed on Form SC1120 or Form SC1120S, Page 1. If only eight digits were entered, the application calculates the last digit needed for the file number.
Change of accounting period, if different from federal Screen 3115
Enter
X
 if the client’s tax year is less than twelve months due to a change in accounting period. The license fee is prorated; however, the additional $15 and the $25 minimum aren't prorated. If the short tax year is due to an initial or final return, leave this field blank, and the license fee isn't prorated.
Audit location: Address / … / Foreign country
Enter the street address, city, state, zip code, and foreign country to indicate the audit location in South Carolina. If the
Audit location
 fields are blank, the application uses the client’s mailing address. The
Zip code
 and
Foreign country
 fields are only for returns that are electronically filed.
QSSS (S Corp)
Enter a list of subsidiaries if the client has made a Qualified Subchapter S Subsidiary (QSSS) Election to show on Form SC1120S, Pages 1 and 6.
Disregarded LLC(s)
Enter a list of disregarded limited liability companies doing business in South Carolina and included in the return. View this information on Pages 1 and 6 on Forms SC1120 and SC1120S.
Total gross receipts (Force)
To change the calculated amount, enter the total gross receipts. This information prints on Form SC1120 or SC1120S, Page 1.
Total cost of depreciable personal property in South Carolina (Force)
For multiple-state clients, the total cost of depreciable personal property in South Carolina defaults to amounts entered in
View
, then
Apportionment for SC, End of year amounts for machinery and equipment and other property
. For nonapportioned clients, or to change the calculated amount, enter the total cost of South Carolina depreciable personal property in this field. This information prints on Form SC1120 or SC1120S, Page 1.
Reason for final return
Enter a code or select one from the dropdown list. Also note that when there's an entry in this field, estimate vouchers aren't calculated.
note
Returns marked as final in the previous year don't proforma to the current year. If the federal return is marked as final, the client doesn't appear in the list of clients that are available for proforma.
If final, license fee not required
If
X
 is entered and data is entered in
Reason for final return
, the license fee doesn't calculate for this return.
Corporation is a South Carolina business development corporation (C Corp)
Enter
X
 if the corporation is a South Carolina business development corporation. If this field is marked, the corporate income tax and the license tax don't calculate.
Corporation is an association exempt from the license fee
If
X
 is entered or the federal Form 1120-H is filed, the license fee doesn't calculate for this return.
Common parent corporation included in consolidated return (C Corp)
Enter
1
 for Yes or
2
 for No. This entry marks the box on Form SC1120, Page 6 when filing a consolidated return.
Name / FEIN of common parent corporation
If the common parent corporation isn't included in this return, enter the name and FEIN of the common parent corporation to show on Form SC1120, Page 7.

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