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WV/CNF-120 WEST VIRGINIA COMBINED CORPORATION NET INCOME/BUSINESS FRANCHISE TAX RETURN

2006

For tax year beginning____________, 20___, ending____________, 20___.

WV Account ID Number

Name

USE

Check this box if

LABEL,

this return is filed

Check applicable boxes:

Street address or post office box

PRINT,

under extension

1 Initial return

TYPE

Give extended due date:

City, state and ZIP code

2 Final return

3 Amended return

BUSINESS DATA SECTION:

Person and phone number to contact concerning this return:

Name

Number

Date began doing business in West Virginia

Check here if you use a software program & do not want a return sent to

State of commercial domicile

you.

Principal place and business activity in West Virginia

FILING METHOD:

Separate entity basis

Consolidated basis

Other Explain

Check only one box

If separate , were you part of a federal consolidated return?

If consolidated, does your West Virginia return include the same

group that filed the consolidated federal return?____________________________

______________

If YES, enter parent’s name and FEIN:

If NO, explain differences in filing groups.

_______________________________________________

___________________________________________________________________

FORM OF BUSINESS: Check one:

S Corporation

Corporation

Partnership

LLC

MUST ATTACH FEDERAL FORM:

Check one:

___1120

___Proforma 1120

___1120S

___1065

West Virginia taxable capital- Schedule A, line 16..................

Business

Franchise Tax

Tax Rate -0.7%........................................................................

0.007

3 West Virginia franchise tax - Line 1 multiplied by line 2 or

$50.00 whichever is greater....................................................

Tax Credits from Form WV/CNF-120TC, Column 1, line 22.....

Adjusted franchise tax - subtract line 4 from line 3..........................................................................

West Virginia net taxable income - Schedule B, line 16,..........

Corporate

Tax Rate -9.00%......................................................................

0.09

Income Tax

West Virginia net income tax - Line 6 multiplied by line 7.........

Tax Credits from Form WV/CNF-120TC, Column 2, line 22......

Adjusted net income tax - subtract line 9 from line 8. Do not put less than zero ............................

Combined Income

COMBINED INCOME/FRANCHISE TAX - add line 5 and line 10. Can not subtract from line 5..........

and Franchise Tax

Prior year carryforward credit.................................................

Estimated tax payments...........................................................

Tentative payment made with Form WV/CNF-120T.................

15 Refundable credit (attach schedule WV/SRDTC-1)...............

Total payments and refundable credit-add lines 12, 13, 14, & 15-must match total on Schedule C

Tax due - If line 16 is smaller than line 11, enter amount owed.

If line 16 is larger than line 11, enter -0- and skip to line 22..............................................

Interest for late payment...................................................................................................................

Additions to tax for late filing and/or late payment............................................................................

Penalty for underpayment of estimated tax

Attach Form WV/CNF-120U - If applicable enter exception number here............... .......................

Total due with this return - add lines 17 through 20

Make check payable to West Virginia State Tax Department ..........................................................

Overpayment

If line 16 is larger than line 11, enter amount overpaid............

Amount of line 22 to be credited to next year's tax..................

Amount to be refunded - subtract line 23 from line 22.............

SIGN

Under penalties of perjury, I declare that I have examined this return (including accompanying schedules and statements) and

HERE

to the best of my knowledge and belief it is true and complete. All appropriate sections of the return must be completed. An

incomplete return will not be accepted as timely filed. Checking this box indicates waiver of my/our rights of confidentiality for the

purpose of contacting the preparer regarding this return.

Keep a copy of

this return for

Signature of officer

Name of officer - type or print

Title

Date

your records

Paid preparer's signature

Firm's name and address

Date

MAIL TO: WEST VIRGINIA STATE TAX DEPARTMENT

INTERNAL AUDITING DIVISION

*B30080601W*

P. O. BOX 1202

CHARLESTON, WV 25324-1202

Page 9

rev-01/07

Form Wv/cnf-120 - West Virginia Combined Corporation Net Income/business Franchise Tax Return - 2006

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