Form Spf-100u - West Virginia Underpayment Of Estimated Business Franchise Tax - 2011
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1
22011
Underpayment of estimated Business Franchise tax
SPF-100u
WV Code §11-10-18a
REV 8-11
NaME
FEIN
PART I: All filers must complete this part
1. Tax after credits.................................................................................................................................................
1
.00
iF linE 1 iS lESS ThAn $12,000, Do noT CoMPlETE ThiS FoRM! You ARE noT SubjECT To ThE PEnAlTY
2. Multiply line 1 by ninety percent (.90)......................................................
2
.00
3. Enter the franchise tax after credits from your 2010 return (see instructions)
3
.00
4. Enter the smaller of line 2 or line 3...................................................................................................................
4
.00
iF linE 4 iS ZERo, Do noT CoMPlETE ThiS FoRM! You ARE noT SubjECT To ThE PEnAlTY
REFER To ThE inSTRuCTionS To DETERMinE YouR oPTionS FoR CAlCulATing ThE unDERPAYMEnT PEnAlTY
5. Determine your penalty by completing Part II, Part III, and Part IV below then enter your penalty here and
on line 20 of Form SPF-100...............................................................................................................................
5
.00
6. If you are requesting a waiver of the penalty calculated, check here.................................
PART ii: if you are using the AnnuAliZED inCoME woRKShEET to compute your underpayment penalty, complete Part ii Section 1.
ANNUALIZED INCOME INSTALLMENT (Multistate taxpayers use apportioned figures for lines 1 and 4)
Column B: 3 months
Column C: 6 months
Column D: 9 months
1. Enter WV taxable capital for each period
.00
.00
.00
2. Annualization amounts.............................
4
2
1.3333
3. Multiply line 4 by line 5.............................
.00
.00
.00
Column A: 3 months
Column B: 5 months
Column C: 8 months
Column D: 9 months
4. Enter the WV taxable capital for
each period...............................
.00
.00
.00
.00
5. Annualization amounts..............
4
2.4
1.5
1.09091
6. Multiply line 4 by line 5..............
.00
.00
.00
.00
For line 7 of column A, enter the amount from line 6 of column A.
in columns b, C, & D, enter the smaller of the amounts in each column from line 3 or line 6.
7. Annualized taxable capital.........
.00
.00
.00
.00
8. Tax rate......................................
.0034
.0034
.0034
.0034
9. Annualized tax (multiply line 7
by line 8)...................................
.00
.00
.00
.00
10. Tax credits. Enter credits from
line 7 of form SPF-100 in
each column...........................
.00
.00
.00
.00
11. Subtract line 10 from line 9. If
zero or less, enter 0...............
.00
.00
.00
.00
12. Applicable percentage.............
0.225
0.45
0.675
0.9
13. Multiply line 11 by line 12........
.00
.00
.00
.00
coMplete lines 14 throuGh 20 For one coluMn BeFore GoinG to the neXt coluMn
Column A
Column B
Column C
Column D
14. Add the amounts in all previous columns of line 20................................
.00
.00
.00
15. Subtract line 14 from line 13. If zero or less, enter 0...............................
.00
.00
.00
.00
16. Enter 1/4 of line 4 of Part I in each column..............................................
.00
.00
.00
.00
17. Enter the amount from line 19 of the previous column of this worksheet
.00
.00
.00
18. Add lines 16 and 17.................................................................................
.00
.00
.00
.00
19. Subtract line 15 from line 18. If zero or less, enter 0...............................
.00
.00
.00
20. Required Installment. Enter the smaller of line 15 or line 18...................
.00
.00
.00
.00
*b54201110W*
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