Personal Income Tax Forms And Instructions Resident & Nonresident/part-Year Resident

INSTRUCTIONS FOR ANNUALIZED INCOME WORKSHEET

Line 1 - Total income. Figure your total

Line 8 - Tax. Compute the tax on the tax-

Complete lines 12 through 19 for each col-

income through the period indicated at the

able income shown on line 7. If you are

umn before moving to the next column.

top of each column, including any adjust-

not subject to Federal Minimum Tax,

Line 12 - Required payments. Multiply the

ments to income includible in your federal

use the tax tables or rate schedules to cal-

amount on line 10 by the factor on line 11.

adjusted gross income.

culate your tax. If you are subject to Fed-

eral Minimum Tax, multiply the Federal

Line 13 - Previous required installments.

Line 3 - Annualized income. Multiply the

Add the amounts from line 19 of all previ-

amount on line 1 by the annualization fac-

Minimum Tax by .25, and compare that fig-

ous columns and enter the sum.

tors on line 2.

ure with the tax from the tax tables or rate

schedules; the larger of the two figures is

Line 14 - Annualized installment. Sub-

Line 4 - West Virginia modifications to

your tax. If you are filing a nonresident/

tract line 13 from line 12. If less than

income. Enter any modifications to federal

part-year resident return, multiply the tax

zero, enter zero.

adjusted gross income which would be al-

figure already calculated by the ratio of

lowed on your 2005 West Virginia personal

Line 15 - Enter one-fourth of line 8 of Form

your West Virginia income to your federal

income tax return. Be sure to show any

IT-210 in each column.

income.

negative figures.

Line 16 - Enter the amount from line 18 of

Line 5 - West Virginia income. Combine

Line 9 - Credits against tax. Show any

the previous column of this worksheet.

lines 3 and 4; annualized income plus or

credits against your West Virginia tax li-

Line 17 - Add lines 15 and 16 and enter the

minus modifications.

ability except West Virginia income tax

total.

withheld and estimated tax payments.

Line 6 - Exemption allowance. Multiply

Line 18 - Subtract line 14 from line 17. If

the number of exemptions you are allowed

Line 10 - Tax after credits. Subtract line

less than zero, enter zero.

to claim by $2,000; if you must claim zero

9 from line 8; if line 9 is larger than line 8,

Line 19 - Required installment. Compare

exemptions, enter $500 on this line.

enter zero.

lines 14 and 17 and enter the smaller fig-

Line 7 - Annualized taxable income. Sub-

ure here and on line 16 of Form IT-210.

tract line 6 from line 5.

ANNUALIZED INCOME WORKSHEET

1/1/05 - 3/31/05

1/1/05 - 5/31/05

1/1/05 - 8/31/05

1/1/05 - 12/31/05

Federal adjusted gross income year-to-date. .

2.4

1.5

Annualization amounts ...................................

Annualized income (line 1 X line 2) ................

Modifications to income (see instructions) ...........

West Virginia adjusted gross income

(combine lines 3 and 4) ..................................

Exemption allowance ......................................

West Virginia taxable income .........................

Annualized tax ................................................

Credits against tax ..........................................

DO NOT INCLUDE TAX WITHHELD

OR ESTIMATED PAYMENTS!

10.

Subtract line 9 from line 8

(if less than zero, enter zero) ..........................

67.5%

22.5%

45%

90%

11.

Applicable percentage ....................................

12.

Multiply line 10 X line 11 .................................

13.

Add the amounts in all

previous columns of line 19 ............................

14.

Subtract line 13 from line 12

(if less than zero, enter zero) ..........................

15.

Enter 1/4 of line 8 of Form IT-210

in each column ...............................................

16.

Enter the amount from line 18 of the

previous column of this worksheet .................

17.

Add lines 15 and 16 and enter the total ..........

18.

Subtract line 14 from line 17 (if less than

zero, enter zero) .............................................

19.

Enter the smaller of line 14 or line 17 here

and on Form IT-210, line 16 ...........................

NOTE: The sum of all columns for line 19 should equal line 8, Part II, of IT-210.

Page - 25 -

Personal Income Tax Forms And Instructions Resident & Nonresident/part-Year Resident - 2005 Page 13

Related Articles

Related forms

Related Categories