Form Wv/sev-400 - West Virginia Severance Tax - Estimate Page 2
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1
2INSTRUCTIONS FOR FILING WV/SEV-400
All producers of natural resources must file a severance tax return to report the gross value or gross
income from natural resources severed and/or processed within West Virginia. Producers and
processers of coal must file WV/SEV-4OOC, producers of timber must file WV/SEV-400T. All other
producers file WV/SEV400. It is extremely important that you separate the gross income value of
each type of natural resource you produce under the proper class code on the front of the return.
This return is for reporting monthly or quarterly estimates. If your net tax is $1,000 or more per
month you are required to file 11 monthly estimate returns. If your net tax is less than $1,000
per month, but more than $50 per month, you are required to file 3 quarterly estimate returns.
The annual return you file at the end of your taxable year will include the last month's or quarter's
tax due. If your net tax liability is less than $600 per year, you are not required to file estimate
returns; your entire amount of tax due will be included on your annual return.
You may claim credit for any investment credits for which you qualify on line eight (8) of the
return. An annual exemption of $41.67 per month may be claimed on line ten (10), up to the
adjusted tax. If you qualify for any other exemptions from the tax, you may exclude the exempt
amount from the gross taxable amount on the estimated monthly or quarterly return and provide
detail on the annual return.
1.
If you purchased this business during the last twelve (12) months, give the name and last known address of the previous
owner. A successor in business could become liable for outstanding taxes owed by a previous owner.
2.
If you quit business during the last twelve (12) months, write “yes” in the space provided and give the exact date you quit.
If you did not, write “no” in the space. If you sold your business during the last twelve (12) months, write “yes” in the
space provided, give the date of the sale, and provide the full name and address of the new owner. If you did not sell this
business, write “no” in the space.
a. Quit Business?
Sell or otherwise dispose of your business?
Exact date
b. If business was sold, give exact name and address of new owner
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