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Form 5304-SIMPLE for South Carolina: What You Should Know

Tax Information, 150-305-001-037, Forms — General Tax Administration, 150-308-000-001, General Tax Information—Forms and Documents, 150-305-005-003, Forms and Information for Businesses, Part 2, 150-306-101-01, Forms and Information for Businesses, Part 1, 150-305-002-038, General Tax Information—Forms and Documents, 150-305-005-002, General Tax Information —Inventory and Inventory Change, 150-305-005-018, General Tax Information — Income, Information for Persons with Disabilities, 150-305-008-009, General Tax Information—Information for Certain Persons with Disabilities, 150-305-007-006, General Tax Information—Information for Manufacturers, 150-305-007-011, General Tax Information —Inventory and Inventory Change, 150-305-007-017, General Tax Information—Information for Businesses, 150-305-005-023, General Tax Information —Forms and Documents, 150-308-001-021, General Tax Information—Information for Businesses, 150-305-008-002, General Tax Information —Inventory and Inventory Change, 150-305-008-001, Sales and Use Tax Form 1120-A, Notice. Use the following format for completed forms or publications: Description and description of property, including location if an address is not known. Description of transaction or activity. Date of sale, type and value. Tax paid. If an address is unknown or information is missing, complete the address line as if you have known the customer's location. Type of property and its value. In addition, you may enter “A” for a sale in which no tax was paid and “T” for a sale in which your tax was paid. If you are unsure if your transaction is taxable, check the box to indicate that the transaction is taxable. When you have completed all fields, click on the “Submit” button. For example: The City of Portland sells: A property worth 100,000, a gross income of 20,000, and a capital gain of 20,000. The cost of the property is 40,000 and the gross income is 20,000.

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