Does SC have payment plans or installment agreements if the full tax amount cannot be paid by April 15th?
A. Yes. The Department of Revenue encourages individuals to file their income tax returns on time and pay as much as possible when filing returns since penalties and interest will be assessed on unpaid balances. Please include your Social Security Number on your payment. If you cannot pay in full, the Department of Revenue recommends you try to borrow money from banks or other private lenders first. If you need an installment arrangement, you should request a Form FS-102 Installment Agreement Request after you receive a Proposed Notice of Adjustment or Assessment. It will instruct you on applying for an Installment Agreement. Your request will be reviewed for approval/denial purposes. An installment agreement requires a minimum 10% down payment and will not stop your liability from becoming a tax lien.
