South Carolina Code 12-6-5095. Rounding to nearest whole dollar on tax returns
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-6-5095
- Taxpayer: includes an individual, trust, estate, partnership, association, company, corporation, or any other entity subject to the tax imposed by this chapter or required to file a return. See South Carolina Code 12-6-30
For purposes of a return filed pursuant to this chapter, all amounts may be rounded by the department or the taxpayer to the nearest whole dollar. An amount of fifty cents or more may be rounded to the next dollar. An amount of less than fifty cents may be eliminated.