Form Cnf-120opt - Election To Report Based On Worldwide Unitary Combined Basis - 2011
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1CNF-120OPT
11
Election to Report Based on
Worldwide Unitary Combined Basis
Orig. 3-12
In accordance with the provisions of §11-24-13f of the West Virginia Code, election is hereby made to
report on a worldwide unitary combined basis.
¡ A worldwide unitary combined reporting election is binding for and applicable to the tax year it is
made and all tax years thereafter for a period of ten years.
¡ It may be withdrawn or reinstituted after withdrawal, prior to the expiration of the ten-year
period, only upon written request for reasonable cause based on extraordinary hardship due
to unforeseen changes in state tax statutes, law or policy and only with the written permission
of the Tax Commissioner. If the Tax Commissioner grants a withdrawal of election, he or she
shall impose reasonable conditions necessary to prevent the evasion of tax or to clearly reflect
income for the election period prior to or after the withdrawal.
¡ Upon the expiration of the ten-year period, a taxpayer may withdraw from the worldwide unitary
combined reporting election.
¡ Withdrawal must be made in writing within one year of the expiration of the election and is binding
for a period of ten years, subject to the same conditions as applied to the original election.
¡ If no withdrawal is properly made, the worldwide unitary combined reporting election shall be in
place for an additional ten-year period, subject to the same conditions as applied to the original
election.
COMPANY
FEIN
NAME
Date Beginning
Tax Period
MM
DD
YYYY
Date Ending
Tax Period
MM
DD
YYYY
Authorized Signature
Printed Name
Date
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Parent category: Financial