Underpayment Of Estimated Tax Form - West Virginia

ADVERTISEMENT

WV/11-10-18b
Underpayment
of
Estimated
Tax
WV/BOT-301
Rev. 7/94
Attach
to
your
Business
and
Occupation
Tax
Return
(WV/BOT-301
or
WV/BOT-301E),
WV/BOT-301E
Severance
Tax
Return
(WV/SEV-401C
or
WV/SEV-401),
Telecommunications
Tax
Return
(WV/TEL-501),
Severance
WV/SEV-401C
and
Business
Privilege
Tax
(WV/SEV-400H)
or
Health
Care
Provider
Tax
(WV/HCP-3A)
WV/SEV-401
WV/TEL-501
Name
Identification
Number
WV/SEV-400H
Taxable
Year
Beginning
Ending
WV/HCP-3A
Part
I
-
Underpayment
Calculation
1.
1. Tax liability ................................................................................................................................................................................................................................................................................................................
2.
2. Tax credits (Do not include estimated payments) ...............................................................................................................................................................................................
3.
3. Exemption $500.00 per year, $41.67 per month, or $1.37 per day (Not applicable to Telecommunications Tax) ..................................................................................................
4.
4. Total credits and exemptions (Line 2 plus Line 3) .......................................................................................................................................................................................................................................................
5.
5. Adjusted tax - Line 1 less Line 4 .................................................................................................................................................................................................................................................................................
6.
6. Enter 75% of Line 5 if required to file quarterly estimated payments .............................................................................................................................................................................................................................
7.
7. Enter eleven twelfths of Line 5 if required to file monthly estimated payments ..............................................................................................................................................................................................................
8.
Quarterly Taxpayers
- Enter in Columns (1) through (4) the installment
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
dates which correspond to the last day of the month following end of quarter in which
tax accrued.
Monthly Taxpayers
- Enter in Columns (1) through (12) the
installment dates that correspond to the last day of the month following the month
in which the tax accrued ...............................................................................
9. Enter 25% of Line 6 in Columns (1) through (4) .............................................
10. Enter one-twelfth of Line 7 in Columns (1) through (12) ..................................
11. (a) Amount paid for each period on or before the due date of the installment payment
.........
11. (b) Overpayment of installment applied ........................................................
12. Add Lines 11(a) and 11(b) .............................................................................
13. Overpayment for this period (See instructions) .............................................
14. Underpayment for this period (See instructions) ............................................
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
Part II - Additions To Tax Calculation
15. Enter same installment dates used in Line 8 .................................................
16. Amount of underpayment, Line 14 .................................................................
17. Enter date of payment or due date of annual return whichever is earlier .........
18. Enter number of days from the due date of the installment to the number of days
shown on Line 17 ..........................................................................................
.000219
.000219
.000219
.000219
.000219
.000219
.000219
.000219
.000219
.000219
.000219
.000219
19. Daily penalty rate for each period ..................................................................
20. Penalty due for each period (Line 14 times Line 18 times Line 19) .................
21. Total penalty due (Add columns 1 through 12 of Line 20). Enter this amount on the
applicable line on the various annual tax returns ...........................................

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go