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CCH Axcess Tax

Form 4868 Extension Payments - Amount Paid With Extension - Override

The extension payments are credited as a payment on Form SC1040, Page 1. Form 4868 payment is used in the computation of the SC2210 penalty, if the payment is made by the original due date of the return, and in the preparation of Form SC4868.

Both extension payments are used in the calculation of the late payment interest and penalty and late filing penalty, if applicable.

Since South Carolina does not honor the federal extension if the South Carolina return shows a balance due or if an extension payment is made, Form SC4868 must be filed to obtain an extension for the South Carolina return. If Form SC4868 is desired, enter "SC" in the State Code field on Extensions (Forms 4868, 2688, 2350) worksheet, Automatic Extension (Form 4868) section or for resident returns, enter "Mandatory Extension" on Return Options worksheet, Form Printing Options section, State Extension field.

If a Form SC4868 is requested, the extension is based on the following amounts from the South Carolina return:

• Tax
• Withholding
• Estimated tax payments
• Prior year overpayment applied to estimated tax
• Credits

To override these amounts, use the amounts in the state section on Extensions (Forms 4868, 2688, 2350) worksheet, Automatic Extension (Form 4868) section.