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STATE OF SOUTH CAROLINA DEPARTMENT OF REVENUE I-338 (Rev. 2/12/07) 3418 COMPOSITE RETURN AFFIDAVIT The undersigned taxpayer on oath, being first duly sworn, hereby certifies and agrees as follows:
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What is composite return affidavit form?
The composite return affidavit form is a document used to report income and pay taxes on behalf of nonresident individual taxpayers. It combines the reporting and payment of taxes for multiple nonresident individuals into a single filing.
Who is required to file composite return affidavit form?
Partnerships, S corporations, and other entities that have nonresident individual owners or shareholders may be required to file a composite return affidavit form on behalf of these nonresident individuals.
How to fill out composite return affidavit form?
To fill out a composite return affidavit form, you will need to provide information about the nonresident individual taxpayers whose income is being reported. This may include their names, Social Security numbers or taxpayer identification numbers, and the amount of income earned in the state.
What is the purpose of composite return affidavit form?
The purpose of the composite return affidavit form is to simplify the reporting and payment of taxes for nonresident individuals. It allows entities to fulfill their tax obligations on behalf of their nonresident owners or shareholders.
What information must be reported on composite return affidavit form?
The composite return affidavit form typically requires the reporting of the names, Social Security numbers or taxpayer identification numbers, and income earned in the state for each nonresident individual. Additional information may be required depending on the specific jurisdiction.
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