Now showing items 1-17 of 17

    • SC INFORMATION LETTER #15-22 

      South Carolina Department of Revenue (South Carolina State Library, 2015-12-16)
      The purpose of this information letter is to remind taxpayers applying for the Angel Investor Credit that the deadline for submitting applications to the Department for investments made during 2015 is December 31, 2015.
    • SC information letter #19-10 

      South Carolina Department of Revenue (South Carolina State Library, 2019-04-02)
      The purpose of this Information Letter is to inform taxpayers of Proposed Treasury Regulation 1.170A-1 and its potential impact on South Carolina taxpayers. The application of this proposed regulation is a federal income ...
    • SC information letter #19-7 

      South Carolina Department of Revenue (South Carolina State Library, 2019-03-13)
      This Information Letter provides a summary of South Carolina conformity with Internal Revenue Code (IRC) sections affecting individual taxpayers. A chart of the individual tax provisions in the TCJA and whether or not South ...
    • SC information letter #19-8 

      South Carolina Department of Revenue (South Carolina State Library, 2019-03-13)
      The Internal Revenue Service announced that it will waive federal penalties imposed by Internal Revenue Code Section 6654(a) for underpayments of estimated taxes by certain farmers and fishermen. The Department will follow ...
    • SC information letter #20-13 

      South Carolina Department of Revenue (South Carolina State Library, 2020-06-11)
      On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)1 in response to the COVID-19 pandemic. As part of the relief provided, the Internal Revenue Service (IRS) is issuing an ...
    • SC information letter #20-14 

      South Carolina Department of Revenue (South Carolina State Library, 2020-06-11)
      This information letter discusses Future Scholar, South Carolina's 529 College Savings Plan - qualifying expenses for tuition in kindergarten through grade 12 public, private, or religious schools.
    • SC information letter #20-15 

      South Carolina Department of Revenue (South Carolina State Library, 2020-06-12)
      Due to unprecedented closings of businesses during the Coronavirus (COVID-19) pandemic, the number of individuals applying for unemployment benefits has significantly increased since March 2020. The purpose of this Information ...
    • SC information letter #20-16 

      South Carolina Department of Revenue (South Carolina State Library, 2020-06-26)
      The Internal Revenue Service has provided special tax filing and payment relief to victims of tornados, severe storms and flooding that took place in parts of South Carolina, Mississippi and Tennessee in April of 2020. ...
    • SC information letter #20-19 

      South Carolina Department of Revenue (South Carolina State Library, 2020-07-09)
      Attached is a brief summary of Senate Bill 76, Senate Bill 975, House Bill 3695, and House Bill 3998 enacted by the General Assembly through May 12, 2020. The bills are summarized by tax type in bill number order.
    • SC information letter #20-4 

      South Carolina Department of Revenue (South Carolina State Library, 2020-03-23)
      As directed by Governor Henry McMaster, the Department is conforming South Carolina's income tax deadline to July 15, 2020, the new Federal income tax deadline. Accordingly, the Department is extending tax relief for South ...
    • SC information letter #20-8 

      South Carolina Department of Revenue (South Carolina State Library, 2020-04-13)
      On April 9, 2020, the Internal Revenue Service issued Notice 2020-23 to provide additional tax filing and payment relief to those affected by Coronavirus (COVID-19).
    • SC information letter #21-14 

      South Carolina Department of Revenue (South Carolina State Library, 2021-05-26)
      The purpose of this Information Letter is to inform taxpayers of South Carolina’s adoption of the federal suspension of tax on a portion of unemployment compensation for tax year 2020.
    • SC information letter #21-22 

      South Carolina Department of Revenue (South Carolina State Library, 2021-08-25)
      On May 15, 2020 the Department issued SC Information Letter #20-11 to announce temporary relief regarding a business's establishment of nexus (income and sales) solely because an employee is temporarily working in a different ...
    • SC information letter #21-31 

      South Carolina Department of Revenue (South Carolina State Library, 2021-12-21)
      On May 15, 2020 the Department issued SC Information Letter #20-11 to announce temporary relief regarding a business’s establishment of nexus (income and sales) solely because an employee is temporarily working in a different ...
    • SC information letter #21-7 

      South Carolina Department of Revenue (South Carolina State Library, 2021-03-31)
      On March 17 and 29, 2021, the Internal Revenue Service announced special individual income tax filing and payment relief for Form 1040 filers affected by the ongoing COVID-19 pandemic. In response to the tax relief ...
    • SC information letter #21-8 

      South Carolina Department of Revenue (South Carolina State Library, 2021-04-07)
      On May 15, 2020 the Department issued SC Information Letter #20-11 to announce temporary relief regarding a business’s establishment of nexus (income and sales) solely because an employee is temporarily working in a different ...
    • SC information letter #22-14 

      South Carolina Department of Revenue (2022-09-01)
      For federal income tax purposes, the receipt of a loan is not a taxable event. Since South Carolina adopts Internal Revenue Code Section 108, to the extent a student loan described in Internal Revenue Code Section 108(f) ...