More South Carolina taxpayers filed their Individual Income Tax returns on time this year, with more taxpayers choosing electronic filing options, according to preliminary figures from the South Carolina Department of Revenue.
With this year’s due date moved to July 15 to align with the IRS tax relief deadline, 2.37 million Individual Income Tax returns were filed by mid-July, compared to 2.24 million in 2019.
More than 92% of taxpayers filed their returns electronically. The SCDOR encourages electronic returns because they can be processed faster and are safer than paper returns. The number of paper filers decreased this season, with a total of 179,902 paper returns filed by mid-July, compared to 230,809 by the same time in 2019.
More than 1.58 million South Carolina Individual Income Tax refunds had been issued as of mid-July, totaling $1.6 billion.
Policy Division Updates
Public Draft- Department of Revenue Internal Regulatory Appeals Process and Procedure
The purpose of this 14-page advisory opinion is to update the Department of Revenue’s internal appeals process for regulatory matters administered by the Department. Comment close date is Aug. 25.
Information Letter 20-20: Advisory Opinion Index
The purpose of this 39-page advisory opinion is to provide an organized up-to-date index of all advisory opinions issued.
Information Letter 20-21: Citator of SC Advisory Opinions
The purpose of this 54-page advisory opinion is to provide assistance in determining what effect new advisory opinions have on those previously published.
Information Letter 20-22: Tax Appeal Process and Procedures – Information Guides
This 18-page information letter announces the update of four tax appeal Information Guides that summarize the internal tax appeal procedures contained in SC Revenue Procedure 20-1: Department of Revenue Internal Tax Appeals Process and Procedure.
Reminder of Change to the Process for Filing Amended Returns
If you filed your South Carolina Individual Income Tax return and realize you need to fix an error, the SCDOR encourages you to amend your return electronically, a new option available through many tax software providers.
Filing electronically using a reputable vendor is your safest and fastest filing option. To amend your South Carolina Individual Income Tax return by paper, file a new 2019 SC1040, and check the Amended Return box. Complete the return as it should have been filed, including all schedules and attachments, plus an Amended Return Schedule (Sch. AMD).
The IRS also recently announced that for the first time it will begin accepting 2019 federal amended returns online this summer.