West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-13B - Telecommunications Tax
Section 110-13B-6 - Periodic Installment Payments Of Tax
Universal Citation: 110 WV Code of State Rules 110-13B-6
Current through Register Vol. XLI, No. 38, September 20, 2024
6.1. General rule. Taxes levied under Article 13B shall be due and payable in periodic installments as follows:
6.1.1. Tax in excess of one thousand dollars
($1,000.00) per month. For taxpayers whose estimated tax liability under the
telecommunications tax exceeds one thousand dollars ($1,000.00) per month, the
tax shall be due and payable in monthly installments on or before the last day
of the month following the month in which the tax accrued.
6.1.1.1. Each such taxpayer shall, on or
before the last day of each month, make out an estimate of the tax for which
the taxpayer is liable for the preceding month, sign the same and mail it
together with the remittance, in the form prescribed by the Tax Commissioner
and the amount of tax due to the Office of the Tax Commissioner.
6.1.1.2. In estimating the amount of tax due
for each month, the taxpayer may deduct one twelfth (1/12th) of any applicable
tax credits allowable for the taxable year, and one twelfth (1/12th) of any
annual exemption allowed for such year.
6.1.2. Tax of one thousand dollars
($1,000.00) per month or less. For taxpayers whose estimated tax liability
under the telecommunications tax is one thousand dollars ($1,000.00) per month
or less, the tax shall be due and payable in quarterly installments on or
before the last day of the month following the quarter in which the tax
accrued.
6.1.2.1. Each such taxpayer shall,
on or before the last day of the fourth, seventh and tenth months of the
taxable year, make out an estimate of the tax for which the taxpayer is liable
for the preceding quarter, sign the same and mail it together with the
remittance, in the form prescribed by the Tax Commissioner, of the amount of
the tax due to the Office of the Tax Commissioner.
6.1.2.2. In estimating the amount of tax due
for each quarter, the taxpayer may deduct one fourth (1/4th) of any applicable
tax credits allowable for the taxable year and one fourth (1/4th) of any annual
exemption allowed for such year.
6.2. Exception. Notwithstanding the provisions of this section, the Tax Commissioner, if he deems it necessary to insure payment of the tax, may require the return and payment under this section for periods of shorter duration than those prescribed above.
Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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