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West Virginia Corporate Net Income (formerly CNF 120)
Extracted from PDF file 2023-west-virginia-form-cit-120.pdf, last modified December 1969Corporate Net Income (formerly CNF 120)
CIT-120 WEST VIRGINIA CORPORATION NET INCOME TAX RETURN W REV 8/23 TAX PERIOD BEGINNING ENDING MM/DD/YYYY MM/DD/YYYY 2023 EXTENDED DUE DATE MM/DD/YYYY CORPORATION NAME FEIN MAILING ADDRESS WV CORPORATION INCOME TAX ACCOUNT NUMBER CITY STATE ZIP CHANGE OF ADDRESS STATE OF DOMICILE NAICS CONTACT NAME CONTACT PHONE CHECK ALL APPLICABLE BOXES 1) ENTITY TYPE CORPORATION NONPROFIT 2) RETURN TYPE FINAL AMENDED RAR (Form 870 or 4549-A/B must be provided) ANNUAL 52/53 WEEK FILER 3) IF FINAL/SHORT/ INITIAL RETURN INITIAL DAY OF WEEK ENDING CEASED OPERATIONS IN WV FISCAL CHANGE OF OWNERSHIP SUCCESSOR FEIN OF PREDECESSOR 4) FILING METHOD OTHER CHANGE OF FILING STATUS MERGER TECHNICAL TERMINATIONS OTHER SEPARATE ENTITY CHECK HERE IF SEPARATE BUT PART OF FEDERAL CONSOLIDATED. ENTER FEIN: COMBINED (UB-CR) SEPARATE COMBINED GROUP COMBINED SURETY FEIN: WORLDWIDE ELECTION WHOLLY WV ACTIVITY (SCHEDULE 1) (WV ACTIVITY ONLY) 5) IF SEPARATE, INDICATE ACTIVITY MULTISTATE ACTIVITY (SCHEDULE 2) 6) REPORTABLE ENTITIES (ALL ENTITIES MUST BE INCLUDED ON SCHEDULE D) A. ANY PTE YOU ARE A PARTNER, MEMBER, OR SHAREHOLDER DOING BUSINESS IN WV B. ANY ENTITY YOU OWN 80% OF VOTING STOCK D. ANY DISREGARDED ENTITY C. ANY ENTITY THAT OWNED MORE THAN 80% OF YOUR STOCK E. ANY CONTROLLED FOREIGN CORPORATION 7) CURRENTLY UNDER AUDIT BY THE IRS? NO YES YEARS UNDER AUDIT: 8) TYPE OF FEDERAL RETURN INCLUDED WITH THIS RETURN 1120 PROFORMA 1120 990 990T *B30202301W* B 3 0 2 0 2 3 0 1 W NAME FEIN 9. Adjusted Corporate Net Income Tax from Schedule 1,Schedule 2, or UB-CR ..... 9 .00 10. Prior year carryforward credit................................................................... 10 .00 11. Estimated and extension payments......................................................... 11 .00 12. Withholding must match the withholding statements unless withholding is from NRSR.......................................................................................... 12 .00 13 .00 CHECK HERE IF WITHHOLDING IS FROM NRSR (NONRESIDENT SALE OF REAL ESTATE) 13. Build WV Property Value Adjustment Tax Credit ..................................... 14. Payments (add lines 10 through 13) ........................................................................... 14 .00 15. Overpayment previously refunded or credited (amended return only)........................ 15 .00 16. TOTAL PAYMENTS (subtract line 15 from line 14) .................................................... 16 .00 17. If line 16 is larger than line 9, enter overpayment ...................................................... 17 .00 18. Amount of line 17 to be credited to next year’s tax.................................................... 18 .00 19. Amount of line 17 to be refunded (subtract line 18 from line 17)............................... 19 .00 20. If line 16 is smaller than line 9, enter tax due here.................................................... 20 .00 21. Interest for late payment (see instructions)................................................................. 21 .00 22. Additions to tax for late filing and/or late payment (see instructions).......................... 22 .00 23. Penalty for underpayment of estimated tax ................................................................ 23 .00 24. TOTAL DUE with this return (add lines 20 through 23)............................................. 24 .00 Direct Deposit of Refund CHECKING SAVINGS ROUTING NUMBER INCORRECT ACCOUNT INFORMATION MAY RESULT IN A $15.00 RETURNED PAYMENT CHARGE. PLEASE SEE PAGE 3 OF INSTRUCTIONS FOR PAYMENT OPTIONS. I authorize the Tax Division to discuss my return with my preparer YES ACCOUNT NUMBER NO Under penalty of perjury, I declare that I have examined this return, accompanying schedules, and statements, and to the best of my knowledge and belief, it is true, correct and complete. Signature of Officer/Partner or Member Print name of Officer/Partner or Member Title Signature of paid preparer Firm’s name and address MAIL TO: WEST VIRGINIA TAX DIVISION TAX ACCOUNT ADMINISTRATION PO BOX 1202 CHARLESTON WV 25324-1202 Date Email Business Telephone # Print name of Preparer Date Preparer’s Email Preparer’s Telephone # *B30202302W* B 3 0 2 0 2 3 0 2 W Schedule 1 Form CIT-120 W 2023 SEPARATE ENTITY FILER WEST VIRGINIA CORPORATIONS WHOLLY IN WV CORPORATION NAME FEIN 1. Federal taxable income (per attached federal return)................................................. 1 .00 2. Total increasing adjustments (Schedule B line 12).................................. 2 .00 3. Total decreasing adjustments (Schedule B line 25)................................. 3 .00 4. West Virginia adjusted taxable income (Line 1 plus line 2 minus line 3) .................... 4 .00 5. Net operating loss carryforward (Schedule NOL, Column 7 total) .............................. 5 .00 6. Subtotal (line 4 less line 5).......................................................................................... 6 .00 7. REIT Inclusion and other Taxable income.................................................................. 7 .00 8. WV Net Taxable Income (Add lines 6 and 7).............................................................. 8 .00 9. Corporate Net Income Tax Rate................................................................................. 9 10. Corporate Net Income Tax (line 8 multiplied by line 9)............................................... 10 .00 11. Corporate Net Income Tax Credits (Form CIT-120TC, Total Credit Line, Column 2,) 11 .00 12. Adjusted Corporate Net Income Tax (subtract line 11 from line 10) ......................... 12 .00 .065 Enter on CIT-120, page 2, line 9 *B30202303W* B 3 0 2 0 2 3 0 3 W Schedule 2 Form CIT-120 W 2023 SEPARATE ENTITY FILER WITH MULTISTATE ACTIVITY CORPORATION NAME FEIN 1. Federal taxable income (per attached federal return)................................................. 1 .00 2. Total increasing adjustments (Schedule B line 12).................................. 2 .00 3. Total decreasing adjustments (Schedule B line 25)................................. 3 .00 4. Adjusted Federal taxable income (line 1 plus line 2 minus line 3).............................. 4 .00 5. Total nonbusiness income allocated everywhere (Form CIT-120APT, Schedule A-1, line 9, Column 3)......................................................................................................... 5 .00 6. Total income subject to apportionment (subtract line 5 from line 4)............................ 6 .00 7. WV Apportionment Factor (Form CIT-120APT, Sch. B Part 1, Part 2 or Part 3, Column 3) COMPLETED FORM MUST BE ATTACHED ........................... 7 8. West Virginia apportioned income (line 6 multiplied by line 7).................................... 8 .00 9. Nonbusiness income allocated to West Virginia (Form CIT-120APT Sch. A2, Line 13) 9 .00 10. West Virginia adjusted taxable income (add lines 8 and 9) ....................................... 10 .00 11. Net operating loss carryforward (Schedule NOL, Column 7 total) ............................. 11 .00 12. Subtotal (line 10 less line 11)...................................................................................... 12 .00 13. REIT Inclusion and other Taxable income.................................................................. 13 .00 14. WV Net Taxable Income (add lines 12 and 13).......................................................... 14 .00 15. Corporate Net Income Tax Rate................................................................................. 15 16. Corporate Net Income Tax (line 14 multiplied by line 15)........................................... 16 .00 17. Corporate Net Income Tax Credits (Form CIT-120TC, Total Credit Line, Column 2).. 17 .00 18. Adjusted Corporate Net Income Tax (subtract line 17 from line 16) .......................... 18 .00 . .065 Enter on CIT-120, page 2, line 9 *B30202304W* B 3 0 2 0 2 3 0 4 W Schedule B Form CIT-120 W ADJUSTMENTS TO FEDERAL TAXABLE INCOME Adjustments Increasing Federal Taxable Income (§11-24-6 and 6a) 2023 1. Interest or dividends on obligations or securities from any state or a political subdivision ............. 1 .00 2. US Government obligation interest or dividends not exempt from state tax, less related expenses not deducted on federal return....................................................................................................... 2 .00 3. Income taxes or taxes based upon net income, imposed by this state or any other jurisdiction, deducted on your federal return..................................................................................................... 3 .00 4. Federal depreciation/amortization for West Virginia water/air pollution control facilities – wholly West Virginia corporations only. Multistate corporations must use CIT-120APT, Schedule A-2, line 11 4 .00 5. Unrelated business taxable income of a corporation exempt from federal tax (IRC §512)............ 5 .00 6. Federal net operating loss deduction.............................................................................................. 6 .00 7. Federal deduction for charitable contributions to Neighborhood Investment Programs, if claiming the West Virginia Neighborhood Investment Programs Tax Credit................................................. 7 .00 8. Net operating loss from sources outside the United States (WV Code §11-24-6(b)(6)) 8 .00 9. Foreign taxes deducted on your federal return.............................................................................. 9 .00 10. Add back expenses related to certain REIT’s and Regulated Investment Companies and certain interest and intangible expenses (WV Code §11-24-4b)................................................................ 10 .00 11. Other increasing adjustments Provide a brief description: 11 .00 12. TOTAL INCREASING ADJUSTMENTS (Add lines 1 through 11; enter here and on Schedule 1, line 2 or Schedule 2, line 2)................... 12 .00 Adjustments Decreasing Federal Taxable Income (§11-24-6) 13. Refund or credit of overpayment of income taxes or taxes based upon net income, imposed by this state or any other jurisdiction, included in federal taxable income......................................... 13 .00 14. Interest expense on obligations or securities of any state or its political subdivisions, disallowed in determining federal taxable income............................................................................................ 14 .00 15. US Government obligation interest or dividends subject to federal but exempt from state tax, less related expenses deducted on your federal return.................................................................. 15 .00 16. Salary expense not allowed on federal return due to claiming the federal jobs credit................ 16 .00 17. Foreign dividend gross-up (IRC Section 78).................................................................................. 17 .00 18. Subpart F income (IRC Section 951)............................................................................................. 18 .00 19. Taxable income from sources outside the United States................................................................. 19 .00 20. Cost of West Virginia water/air pollution control facilities – wholly WV corporations only. Multistate corporations must use CIT-120 APT, Schedule A-2, line 10.......................................... 20 .00 21. Employer contributions to medical savings accounts (WV Code §33-16-15) included in federal taxable income less amounts withdrawn for non-medical purposes.............................................. 21 .00 22. Qualified Opportunity Zone business income (include IRS 8996) ................................................ 22 .00 23. Other decreasing adjustments Provide a brief description: 23 .00 24. Schedule B-1 allowance (Schedule B-1, Line 9)............................................................................ 24 .00 25. TOTAL DECREASING ADJUSTMENTS (Add lines 13 through 24; enter here and on Schedule 1, line 3 or Schedule 2, line 3)...................................................................................... 25 .00 *B30202305W* B 3 0 2 0 2 3 0 5 W Schedule B-1 Form CIT-120 W ALLOWANCE FOR GOVERNMENTAL OBLIGATIONS / OBLIGATIONS SECURED BY RESIDENTIAL PROPERTY (§11-24-6(f)) 2023 AVERAGE MONTHLY BALANCE 1. Federal obligations and securities ................................................................................................. 1 .00 2. Obligations of West Virginia and any political subdivision of West Virginia .................................... 2 .00 3. Investments or loans primarily secured by mortgages or deeds of trusts on residential Property located in West Virginia..................................................................................................... 3 .00 4. Loans primarily secured by a lien or security agreement on a mobile home or double wide Located in West Virginia.................................................................................................................. 4 .00 5. TOTAL (Add lines 1 through 4)....................................................................................................... 5 .00 6. Total assets as shown on Schedule L, Federal Form 1120 or 1120A............................................ 6 .00 7. Divide line 5 by line 6 (round to six (6) decimal places)................................................................ 7 8. Adjusted income (Schedule 1, line 1 or Schedule 2, line 1 plus Schedule B, line 12, minus the sum of lines 13 through 23, plus Form CIT-120APT, Schedule A-2, lines 10, 11, & 12)........................ 8 .00 9. ALLOWANCE (Line 7 multiplied by line 8 (disregard sign)) Enter here and on Schedule B, line 24....................... 9 .00 . *B30202306W* B 3 0 2 0 2 3 0 6 W Schedule C Form CIT-120 W 2023 SCHEDULE OF TAX PAYMENTS Taxpayers reporting more than 10 payments must file their CIT-120 return electronically. NAME OF ENTITY TYPE: DATE OF PAYMENT FEIN MM DD YYYY WITHHOLDING, ESTIMATED, EXTENSION, OTHER PAYMENTS OR PRIOR YEAR CREDIT AMOUNT OF PAYMENT .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 TOTAL Schedule D Form CIT-120 NAME OF ENTITY 2023 SCHEDULE OF REPORTABLE ENTITIES This is a schedule of all reportable entities that are included on CIT-120 page 1, section 6. Taxpayers reporting more than 10 entities must file their CIT-120 return electronically. FEIN PARENT NAME TYPE OF ENTITY (SEE INSTRUCTIONS) PARENT FEIN *B30202307W* B 3 0 2 0 2 3 0 7 W YYYY of West Virginia .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 and Used Prior to This Year Prior to Loss Year .00 Net Operating Loss COLUMN 5 Amount Carried Forward COLUMN 4 Amount Carried Back .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 This Year from Prior Year .00 COLUMN 7 Amount Being Used COLUMN 6 Amount Remaining .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Net Operating Loss Remaining Unused COLUMN 8 2023 FEIN B 3 0 2 0 2 3 0 8 W *B30202308W* .00 .00 .00 .00 .00 .00 West Virginia net operating loss carryforward being used in current tax year Sum of Column 7 – Enter on Schedule 1, line 5 or Schedule 2, line 11 or UB-CR............................................ .00 *PLEASE NOTE – WV Net Operating Loss incurred in tax years beginning on and after January 1, 2009 can only be claimed by the entity that incurred the loss. To claim loss incurred on a consolidated return that the entity was a part of prior to 2009, provide the name and FEIN of the Consolidated Parent that reported the loss. To Claim loss in tax years 2009 and later (including each unitary group member), provide the name and FEIN of the entity that incurred the loss. MM COLUMN 3 Original Amount COLUMN 2 FEIN of the Consolidated Parent or Each Entity Incurring WV NOL WEST VIRGINIA NET OPERATING LOSS CARRYFORWARD CALCULATION (§11-24-6 (D)) COLUMN 1 W Month and Year of Loss Schedule NOL Form CIT-120 CIT-120APT Form CIT-120 W FEIN 2023 ALLOCATION AND APPORTIONMENT FOR MULTISTATE BUSINESSES This form is used by corporations that are subject to tax in more than one state to allocate and apportion their income to the State of West Virginia. Complete and attach to Form CIT-120. See instructions for information on APT Schedules A1, A2, and B, Part 1, 2, & 3. APT SCHEDULE A1 EVERYWHERE ALLOCATION OF NONBUSINESS INCOME FOR MULTISTATE BUSINESSES (§11-24-7) Column 1 Column 2 Column 3 TYPES OF ALLOCABLE INCOME GROSS INCOME RELATED EXPENSES NET INCOME 1. Rents................................................. .00 .00 .00 2. Royalties.......................................... .00 .00 .00 3. Capital gains/losses.......................... .00 .00 .00 4. Interest.............................................. .00 .00 .00 5. Dividends.......................................... .00 .00 .00 6. Patent/copyright royalties................ .00 .00 .00 7. Gain – sale of natural resources (IRC Sec. 631 (a)(b))........................ .00 .00 .00 8. Income from nonunitary sources reported on the schedule K-1C.......... .00 9. Nonbusiness income/loss – Sum of lines 1 through 8, of Column 3. Enter total of Column 3 on Schedule 2, line 5 .00 APT SCHEDULE A2 WEST VIRGINIA ALLOCATION OF NONBUSINESS INCOME FOR MULTISTATE BUSINESSES (§11-24-7) Column 1 Column 2 Column 3 TYPES OF ALLOCABLE INCOME GROSS INCOME RELATED EXPENSES NET INCOME 1. Rents................................................ .00 .00 .00 2. Royalties........................................... .00 .00 .00 3. Capital gains/losses.......................... .00 .00 .00 4. Interest............................................. .00 .00 .00 5. Dividends.......................................... .00 .00 .00 6. Patent/copyright royalties................ .00 .00 .00 7. Gain – sale of natural resources (IRC Sec. 631 (a)(b))........................ .00 .00 .00 8. Income from nonunitary sources reported on the schedule K-1C......... .00 9. Nonbusiness income/loss – Sum of lines 1 through 8, of Column 3. ................................................................... .00 10. Less cost of West Virginia water/air pollution control facilities this year................................................................ .00 11. Federal depreciation/amortization on those facilities this year.............................................................................. .00 12. Federal depreciation/amortization on such facilities expensed in prior year......................................................... .00 13. Net nonbusiness income/loss allocated to West Virginia (sum of lines 9 through 12, Column 3. Enter on Schedule 2, Line 9) .00 *B30202309W* B 3 0 2 0 2 3 0 9 W (CIT-120APT) W FAILURE TO COMPLETE CIT-120APT, SCHEDULE B WILL RESULT IN 100% APPORTIONMENT TO WEST VIRGINIA FEIN APT SCHEDULE B APPORTIONMENT FACTORS FOR MULTISTATE BUSINESS (§11-24-7) PART 1 – REGULAR FACTOR Divide Column 1 by Column 2 and enter six (6) digit decimal in Column 3. Enter Column 3 on Form CIT-120, Schedule 2, line 7 Column 1 West Virginia SALES Column 2 Everywhere Column 3 Decimal Fraction (6 digits) .00 . .00 PART 2 – MOTOR CARRIER FACTOR (§11-24-7A) Divide Column 1 by Column 2 and enter six (6) digit decimal in Column 3. Enter Column 3 on Form CIT-120, Schedule 2, line 7 VEHICLE MILEAGE Column 1 West Virginia Column 3 Decimal Fraction (6 digits) Column 2 Everywhere . PART 3 – FINANCIAL ORGANIZATION FACTOR (§11-24-7B) Divide Column 1 by Column 2 and enter six (6) digit decimal in Column 3. Enter Column 3 on CIT-120, Schedule 2, line 7. GROSS RECEIPTS Column 1 West Virginia Column 3 Decimal Fraction (6 digits) Column 2 Everywhere .00 . .00 *B30202310W* B 3 0 2 0 2 3 1 0 W CIT-120TC Form CIT-120 W 2023 SUMMARY OF TAX CREDITS CORPORATION NAME FEIN This summary form and the appropriate credit calculation schedule(s) or form(s) must be enclosed with your return to claim a tax credit. Information for these tax credits may be obtained by visiting our website at tax.wv.gov or by calling the Taxpayer Services at 1-800-982-8297. See instructions for additional information. TAX CREDITS THE TOTAL AMOUNT OF CREDIT CANNOT EXCEED THE TAX LIABILITY 1. Economic Opportunity Tax Credit (§11-13Q) Schedule EOTC-1 and EOTC-A .......................... COLUMN 1 CREDIT CALCULATED ON APPROPRIATE SCHEDULE COLUMN 2 CREDIT USED 1 .00 .00 2 .00 .00 3 .00 .00 4 .00 .00 5 .00 .00 6 .00 .00 7 .00 .00 8 .00 .00 9 .00 .00 10 .00 .00 11 .00 .00 12 .00 .00 (§11-13DD) Department of Agriculture Certificate .................... 13 .00 .00 .00 .00 15 .00 .00 16 .00 .00 17 .00 .00 (§11-13KK) Schedule SAAM-1 ................................................. 18 .00 .00 19 .00 .00 20 .00 .00 21 .00 .00 2. High Technology Manufacturing Business (§11-13Q-10a) Schedule EOTC-HTM ....................................... 3.  Manufacturing Investment Tax Credit (§11-13S) Schedule MITC-1 and MITC-A ............................ 4. Historic Rehabilitated Buildings Investment Credit (§11-24-23a) Schedule RBIC and RBIC-A ................................... 5. West Virginia Neighborhood Investment Program Credit (§11-13J) Form NIPA-2 .......................................................... 6. Environmental Agricultural Equipment Tax Credit (§11-13K) Form AG-1 .......................................................... 7. Electric, Gas, and Water Utilities Rate Reduction Credit (§11-24-11) Schedule L ................................................................ 8. West Virginia Military Incentive Credit (§11-24-12) Schedule J................................................................. 9. Apprentice Training Tax Credit (§11-13w) Schedule ATTC-1 ................................................. 10. Manufacturing Property Tax Adjustment Credit (§11-13Y) Schedule MPTAC-1 .............................................. 11. Alternative Fuel Tax Credit (§11-6d) Schedule AFTC-1.......................................................... 12. Innovative Mine Safety Technology Tax Credit (§11-13BB) Schedule IMSTTC-1 ................................................. 13. Farm to Food Bank Tax Credit 14. Post-Coal Mine Site Business Credit (§11-28) Schedule PCM-1........................................................... 14 15. Downstream Natural Gas Manufacturing Investment Tax Credit (§11-13GG) Schedule DNG-1 ...................................................... 16. Natural Gas Liquids (§11-13HH) Schedule NGL-1 ................................................... 17. Donation or Sale of Vehicle to Charitable Organizations (§11-13FF) Schedule DSV-1 ................................................... 18. Small Arms And Ammunition Manufacturers Credit 19. WV Jumpstart Savings Program Credit for Employer contribution (§11-24-10a) Schedule JSP-1 .................................................. 20. Capital Investment in Child-Care Property Tax Credit (§11-24-44) Schedule CIP ....................................................... 21. Operating Costs of Child-Care Property Tax Credit (§11-24-44) Schedule OCF ...................................................... CIT-120TC Summary of Tax Credits Continues on next page *B30202311W* B 3 0 2 0 2 3 1 1 W CIT-120TC Form CIT-120 W 2023 SUMMARY OF TAX CREDITS 22. Industrial Advancement Act Tax Credit (§11-13LL-1) .............................................................................. 23. West Virginia Film Industry Investment Tax Credit (§11-13X) FIIA-TCS .................................................................. 24. Build WV Property Value Adjustment Tax Credit (§5B-2L) PVA-1 ........................................................................ 25. TOTAL CREDITS Add all credit lines above (ENTER COLUMN 2 ON LINE 11, SCHEDULE 1 OR LINE 17, SCHEDULE 2) 22 .00 .00 23 .00 .00 24 .00 .00 25 .00 .00 *B30202312W* B 3 0 2 0 2 3 1 2 W Schedule UB Form CIT-120 W LIST OF MEMBERS IN UNITARY COMBINED GROUP CORPORATION NAME FEIN 2023 Common year ending for the unitary business group: MM / DD / YYYY List all members (See specific Instructions) Group# (1 – 3) Name FEIN Year ending MM YYYY Total Tax from UB-CR, Column C4 Total Payments & Prior Year Credits .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 NOTE: After completing this schedule, see Schedule UB Instructions for Completing Form CIT-120 *B30202313W* B 3 0 2 0 2 3 1 3 W
Form CIT 120
More about the West Virginia Form CIT 120 Corporate Income Tax TY 2023
(formerly CNF 120)
We last updated the Corporate Net Income (formerly CNF 120) in January 2024, so this is the latest version of Form CIT 120 , fully updated for tax year 2023. You can download or print current or past-year PDFs of Form CIT 120 directly from TaxFormFinder. You can print other West Virginia tax forms here.
Other West Virginia Corporate Income Tax Forms:
TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE100 | Income Tax Return S Corporation & Partnership (Pass-Through Entity) Formerly SPF 100 |
| SPF100 Schedule SP | Shareholder / Partner Information and Non-resident Withholding |
| Form CIT 120 | Corporate Net Income (formerly CNF 120) |
| Form IT-141ES | Fiduciary Estimated Tax Payment Voucher |
| Form NRW4 | Non-resident Income Tax Agreement |
View all 76 West Virginia Income Tax Forms
Form Sources:
West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form CIT 120 from the Department of Revenue in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of West Virginia Form CIT 120
We have a total of twelve past-year versions of Form CIT 120 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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