Individual Income Tax Forms
Form IT-140 Personal Income Tax Return
Form IT-140 NRC Nonresident Composite Return
Form IT-140NRS Special Nonresident Income Tax Return
Form IT14111 Fiduciary Income Tax Return
Corporate Income Tax Forms
Form SPF-100 Income Business Franchise Tax Return
Sales Tax Forms
Form CST-200 Consumer Sales and Service Tax Return
Form CST-200CU Sales and Use Tax Return (After 1.1.12)
Form CST-200CU Sales and Use Tax Return (Oct 2011 to Jan 1. 2012)
CST- 200CU Sales and Use Tax Return ( Prior to Oct.1, 2011)
Property Tax Forms
Form STC-1232I Industrial Business Property Return
Form STC-1232C Commercial Business Property Return
Tax season is upon us, and for West Virginia residents, it’s important to know about the state’s tax forms. Here, we’ll take a comprehensive look at the various tax forms used in West Virginia and provide updated information straight from government resources.
West Virginia State Tax Forms Overview
The West Virginia State Tax Department oversees all individual and business tax obligations in the state. Each year, they release new and updated forms that taxpayers can use to report and pay their taxes.
In general, there are four main types of tax forms used in West Virginia:
1. Personal Income Tax Forms
2. Sales and Use Tax Forms
3. Corporation and Business Tax Forms
4. Property Tax Forms
Let’s take a closer look at each of these categories.
Personal Income Tax Forms
Personal income tax is one of the most common forms of taxes paid in West Virginia. It’s important to note that West Virginia’s income tax is a graduated tax system, which means that the percentage of tax you pay increases as your income increases.
There are several forms you can use to file your personal income tax:
West Virginia Form IT-140: Individual Income Tax Return
This is the primary form used for filing individual income tax in West Virginia. It includes areas for you to enter general personal information (like your name, address, and Social Security Number) and income details. You must file this form by April 15th of each year.
West Virginia Form IT-140NRS: Nonresident Statement
If you are a nonresident of West Virginia and work in the state, you’ll need to file this form. In general, nonresidents are only taxed on income earned within the state of West Virginia. This form helps the state determine how much tax they are owed.
West Virginia Form IT-140W: Underpayment of Estimated Tax Penalty
If you didn’t pay enough estimated tax throughout the year, you may owe an underpayment penalty. This form helps you calculate and pay that penalty.
West Virginia Form IT-210: Automatic Extension of Time to File
If you need extra time to file your personal income tax return, you can request an automatic extension using this form. You must file before the deadline (April 15th) and pay any estimated taxes owed in order to avoid a penalty.
Sales and Use Tax Forms
West Virginia’s sales tax rate is 6%. It’s charged on most goods and services sold within the state. You’ll need to collect and report sales taxes if you own a business in West Virginia.
The following forms are commonly used to report sales and use taxes:
West Virginia Form STS-140: Sales and Use Tax Return
This is the primary form used to report sales and use taxes. It requires you to report total sales, taxable sales, and the amount of sales tax collected during the period.
West Virginia Form STS-7: Sales and Use Tax Exemption Certificate
If you are exempt from paying sales tax in West Virginia (for example, if you are a non-profit organization), you can use this form to claim that exemption at the time of purchase.
West Virginia Form STS-8: Direct Pay Permit Application
If you frequently make purchases that are exempt from sales tax, you may be able to apply for a Direct Pay Permit. This allows you to pay the sales tax directly to the state, rather than paying it to the seller.
Corporation and Business Tax Forms
If you own a business in West Virginia, you’ll need to file state taxes in addition to federal taxes. Depending on the structure of your business, you may need to file corporate income tax, franchise tax, or various other taxes.
Here are some of the forms commonly used for corporation and business taxes:
West Virginia Form WV/CST-200CU: Corporation Net Income Tax Return
This is the primary form used to report corporate net income tax in West Virginia. Corporations may be subject to a flat 6.5% tax on net income, depending on their business structure.
West Virginia Form WV/CST-200CU Schedule L: Schedule of Reconciliation of Income Filed for Federal Income Tax Purpose
If your corporation filed a federal income tax return, you’ll need to fill out this form to reconcile your federal and state income tax information.
West Virginia Form WV/IT-103: Business Registration Application
If you are starting a new business in West Virginia, you’ll need to register with the state. Use this form to register your business and obtain a Business Identification Number.
Property Tax Forms
Property taxes are another important form of tax paid in West Virginia. Property taxes are levied on real estate and personal property (like vehicles) owned within the state.
Here are some of the forms commonly used for property taxes:
West Virginia Form DHHR/EAP-100: Homestead Exemption Application
Senior citizens and certain disabled individuals may qualify for a homestead exemption on their property taxes. Use this form to apply for that exemption.
West Virginia Form DMV-1-TR: Property Tax Credit Application
If you own a vehicle in West Virginia, you may be eligible for a property tax credit. Use this form to apply for that credit.
Other Forms
In addition to the forms listed above, there are numerous other forms used for specific tax situations in West Virginia. For example, there are specific forms used for withholding tax, severance tax, and coal tax.
One notable form is West Virginia Form IT-140V: Income Tax Payment Voucher. If you owe income tax this year, use this form to submit your payment separately from your tax return.
Conclusion
Filing taxes can be a stressful and confusing process, but having a clear understanding of the forms required by West Virginia can make it much easier. By using the forms provided by the West Virginia State Tax Department and consulting updated information from government resources, you can ensure that you’re paying the correct amount of taxes and avoiding penalties.
Remember, tax laws and regulations are constantly changing – be sure to stay informed about any updates or changes that affect your personal or business taxes in West Virginia. And always consult a tax professional if you have any questions or concerns about your tax obligations.
