Form Wv/bft-120 - Business Franchise Tax Return - 2001
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1
2WV/BFT-120
BUSINESS FRANCHISE TAX RETURN
2001
For tax year beginning _________________________, _______, ending _________________________, ________.
WV Account ID Number
q
CHECK THIS BOX IF
Business name
USE
THIS RETURN IS FILED
UNDER
EXTENSION
LABEL,
GIVE EXTENDED DUE DATE:
Check applicable boxes:
PRINT,
Street address or post office
Consolidated return
OR
Separate return
FORM OF BUSINESS (CHECK ONE)
TYPE
Initial return
S CORPORATION
City, State and ZIP code
Final return
CORPORATION
Amended return
PARTNERSHIP
COMPUTATION OF CAPITAL
Column 2
Column 4 — Average
Column 3
÷
11-23-3 (b) (2)
(Col. 2 + Col. 3)
2
Beginning Balance
Ending Balance
1.
Dollar amount of common stock ....................................
2.
Dollar amount of preferred stock ...................................
3.
Paid-in or capital surplus ...............................................
4.
Retained earnings appropriated .....................................
5.
Retained earnings unappropriated..................................
6.
Shareholders undistributed taxable income ...................
7.
Accumulated adjustments account................................
8.
Other adjustments account............................................
9.
Add lines 1 through 8 of Column 4 ................................
10.
Less: Cost of Treasury stock..........................................
11.
Capital (line 9 less line 10, Column 4) ...........................
12.
Dollar amount of partner's capital accounts....................
COMPUTATION OF BUSINESS FRANCHISE TAX
13.
Capital (line 11 OR line 12, Column 4) ...................................................................................................................................
13.
14.
Multiplier for allowance for certain obligations/investments (Sch. A-1, Line 7, Form WV/CNT-112) ......................................
14.
15.
Allowance (line 13 X line 14) ..................................................................................................................................................
15.
16.
Adjusted capital (line 13 less line 15). If taxable only in West Virginia enter this amount also on line 18. .............................
16.
17.
Apportionment factor (Sch. C, line 28, or Part 5, line 15, Form WV/CNT-112) .....................................................................
17.
18.
Tax base (line 16 X line 17) ....................................................................................................................................................
18.
19.
Tax (line 18 X .007 or $50.00, whichever is greater)................................................................................................................
19.
20.
Tax credits from Summary Schedule TC (line 27, Column 1) .................................................................................................
20.
21.
Business Investment and Jobs Expansion Credit ...................................................................................................................
21.
22.
Net tax (line 19 less the sum of lines 20 and 21) ...................................................................................................................
22.
23.
(A) Estimated tax payments ________________ (B) Prior year credit ________________ (C) Other ________________
23.
24.
Tax due (line 22 less line 23) If line 23 is greater than line 22, enter -0-. ...............................................................................
24.
25.
Interest for late payment ..........................................................................................................................................................
25.
26.
Additions to tax for late filing and/or late payment ..................................................................................................................
26.
27.
Penalty for underpayment of estimated tax — Attach Form WV/BFT-120U. If applicable enter exception number.
...
27.
Total due with this return (the sum of lines 24 through 27)
28.
Make check payable to West Virginia State Tax Department.................. ........................................................................................................
28.
29.
Overpayment (line 23 less line 22) ............................................................................
29.
30.
Amount to be credited to next years tax .....................................................................
30.
31.
Amount to be refunded - subtract line 30 from line 29 ................................................
31.
Under penalties of perjury, I declare that I have examined this return (including accompanying schedules and statements) and to the best of my
SIGN
knowledge and belief it is true and complete.
HERE
Keep a copy of
Signature of officer
Name of officer - type or print
Title
Date
this return for
your records
Paid preparer's signature
Firm's name and address
Date
DO NOT USE THIS SPACE
Page 25
MAIL TO: WEST VIRGINIA STATE TAX DEPARTMENT
INTERNAL AUDITING DIVISION
P O. BOX 3694
CHARLESTON, WV 25336-3694
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