Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen SCAdj - South Carolina Adjustments (1120)
Show all hidden content
Additions and Deductions
State and local income taxes
The application transfers amounts from the
Taxes and licenses
statement windows in the federal Inc
and H
screens, as well as from taxes in the federal Farm
, Rent
, and 4835
screens. To include state and local taxes on Form SC1120, Page 2
or Form SC1120S, Page 2
, enter adjustments to state and local income taxes in the State Amount
column of the statement window.Interest on other state obligations
Tax-exempt interest transfers from the
Tax-exempt interest
statement window from the federal return. To include tax-exempt income on Schedule A and B, enter an amount in the State Amount
column.Other additions
Use the statement window to enter any adjustments that will need to be added back to federal net income to arrive at South Carolina net income subject to tax.
Expense on other state obligations
Tax-exempt interest expense transfers from the
Expenses attributable to tax-exempt income
statement window in the federal Mc
or Ms
screen. To include tax-exempt income expense on Schedule A and B, enter an amount in the State Amount
column.Other deductions
Use the statement window to enter any adjustments that will need to be deducted from federal net income to arrive at South Carolina net income subject to tax. Employment Credits, Dividends, Foreign Dividend Gross-up, and Interest on U.S. Obligation transfer from the federal return into this statement window.
note
For S corporations, per South Carolina instructions, federal dividends are subtracted automatically as an other deduction. Dividends are only taxable to resident shareholders and are subtracted out of South Carolina net income accordingly.
State tax refunds
The application transfers amounts from the State tax refunds statement window in the federal
Inc
and H
screens. The application assumes these amounts aren't deductible in South Carolina. Enter adjustments to state tax refunds in the State Amount
column of the statement window.