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West Virginia Fiduciary Income Tax Return for Resident and Non-resident Estates and Trusts
Extracted from PDF file 2023-west-virginia-form-it141.pdf, last modified December 1969Fiduciary Income Tax Return for Resident and Non-resident Estates and Trusts
IT-141 2023 WEST VIRGINIA FIDUCIARY INCOME TAX RETURN REV 07/2023 (for resident and non-resident estates and trusts) Estate or Trust Name FEIN Trustee Executor Name FIRST LINE OF ADDRESS SECOND LINE OF ADDRESS CITY STATE FILING PERIOD ENDED MM DD YYYY TYPE OF ENTITY SIMPLE TRUST FISCAL YEAR FILER EXTENDED DUE DATE MM DD YYYY COMPLEX TRUST DECEDENT’S ESTATE ZIP CHECK ONE: Resident CH7 CH11 QUALIFIED DISABILITY TRUST CHECK IF APPLICABLE: Non-Resident POOLED INCOME FUND ESBT (S portion only) Final Amended GRANTOR TYPE TRUST Bankruptcy estate DECEDENT INFO Date of Death MM/DD/YYYY Final Individual Return Filed for Decedent SSN 1. Federal taxable income (enter line 23, Federal Form 1041 or line 11, 1041-QFT) ............................................. 1 .00 2. West Virginia fiduciary additions (Schedule B, line 6) ........................................................................................ 2 .00 3. West Virginia fiduciary subtractions (Schedule B, line 11) .................................................................................. 3 .00 4. West Virginia taxable income (sum of lines 1 and 2 minus line 3) ...................................................................... 4 .00 IF THIS IS A SIMPLE TRUST HAVING NO TAXABLE INCOME, OMIT LINES 5-7 5. West Virginia tax (check one) ................................................... 5 .00 6. Credits from Tax Credit Recap Schedule (see schedule page 6) ........................................................................ 6 .00 7. Adjusted tax due (line 5 minus line 6) .................................................................................................................. 7 .00 8. Non-resident income subject to tax (total of income for Beneficiaries, column F) ............................................... 8 .00 9. West Virginia income tax paid for non-resident beneficiaries (total of Withholding for Beneficiaries, Column H) 9 .00 10 .00 11 .00 Rate Schedule Schedule NR 10. Combined tax due (sum of lines 7 and 9) .............................................................................................................. 11. West Virginia fiduciary income tax withheld (See Instructions) CHECK HERE IF WITHHOLDING IS FROM NRSR (NON RESIDENT SALE OF REAL ESTATE) ................................................... 12. Refundable Credit (Build WV) ............................................................................................................................ 12 13. Estimated payments/payments with extension of time ......................................................................................... 13 .00 14. Paid with original return (amended return only) .................................................................................................... 14 .00 15. Overpayment previously refunded or credited (amended return only) ................................................................. 15 .00 16. Total payments (sum of lines 11, 12, 13, and 14 minus line 15) ............................................................................ 16 .00 17. Balance of tax due (line 10 minus line 16) ............................................................................................................ 17 .00 18. Overpayment (if line 16 is larger than line 10, enter amount) ............................................................. 18 .00 19. Amount of line 18 to be credited to next year’s tax 19 .00 20. Amount to be refunded (line 18 minus line 19) .... 20 .00 *P35202301W* P 3 5 2 0 2 3 0 1 W 1 2023 WITHHOLDING FOR BENEFICIARIES AND NON-RESIDENT TAX PAID FOR WITHHOLDING Schedule SB Form IT-141 ATTACH ADDITIONAL COPIES OF WITHHOLDING FOR BENEFICIARIES AS NEEDED NAME NAME AND ADDRESS OF EACH BENEFICIARY STREET OR MAILING ADDRESS CITY STATE ZIP CODE 1 2 3 4 5 6 7 8 9 10 (A) SOCIAL SECURITY # WEST VIRGINIA FILING METHOD (B) RESIDENT (C) COMPOSITE (D) NONRES (E) IF NRW-4 PREVIOUSLY FILED (F) (G) BENEFICIARY SHARE OF WV INCOME (H) RATE TAX PAID FOR BENEFICIARIES WITHHOLDING 1 5.12% 2 5.12% 3 5.12% 4 5.12% 5 5.12% 6 5.12% 7 5.12% 8 5.12% 9 5.12% 10 5.12% TOTALS 5.12% 2 *P35202302W* P 3 5 2 0 2 3 0 2 W SCHEDULE B Form IT-141 2023 WEST VIRGINIA FIDUCIARY MODIFICATIONS ADDITIONS: COLUMN I:TOTAL COLUMN II:AMOUNT ALLOCATED If this is a Simple Trust having NO Taxable Income, OMIT Col. II COLUMN I:TOTAL COLUMN II:AMOUNT ALLOCATED 1. Interest income on state and municipal bonds, other than West Virginia ......... 2. Lump sum distribution (Federal Form 4972) ..................................................... 3. Federal exemption (Form 1041, line 21) ........................................................... 4. Other additions – state nature and source ___________________________.... 5. Electing small business trust additions .............................................................. 6. TOTAL ADDITIONS (Add Lines 1 through 5, Col. II and enter here and on Page 1, Line 2).............. SUBTRACTIONS: 7. Interest income on US obligations specifically exempt from state tax ............... 8. West Virginia exemption .................................................................................... 600.00 600.00 9. Other subtractions – state nature and source ________________________ ... 10. Electing small business trusts subtractions ....................................................... 11. TOTAL SUBTRACTIONS (Add Lines 7 through 10, Col. II and enter here and on Page 1, Line 3) ......... NET FIDUCIARY MODIFICATIONS COLUMN II:AMOUNT ALLOCATED COLUMN I:TOTAL 12. NET FIDUCIARY MODIFICATIONS (Line 6 minus Line 11) Direct Deposit of Refund CHECKING SAVINGS ROUTING NUMBER ACCOUNT NUMBER PLEASE REVIEW YOUR ACCOUNT INFORMATION FOR ACCURACY. INCORRECT ACCOUNT INFORMATION MAY RESULT IN A $15.00 RETURNED PAYMENT CHARGE. I authorize the State Tax Division to discuss my return with my preparer YES 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 Fiduciary or Officer Representing Fiduciary) (Date) (Email) Paid Preparer’s Use Only (Signature of Preparer) (Preparer’s EIN) (Date) (Printed Name) 3 (Telephone Number) *P35202303W* P 3 5 2 0 2 3 0 3 W SCHEDULE NR Form IT-141 2023 NONRESIDENT INCOME, ALLOCATION, AND CALCULATIONS PART I – NONRESIDENT INCOME AND ALLOCATION INCOME (To be completed by nonresident estates and trusts only) COLUMN I REPORTED ON FEDERAL RETURN COLUMN II ALLOCATED TO WEST VIRGINIA 1. Interest income (includes QFT).................................................... 1 .00 1 .00 2. Dividends (includes QFT)............................................................. 2 .00 2 .00 3. Business income or loss ............................................................. 3 .00 3 .00 4. Capital gain or loss (includes QFT).............................................. 4 .00 4 .00 5. Rents, royalties, partnerships, other estates and trusts, etc. ...... 5 .00 5 .00 6. Farm income or loss..................................................................... 6 .00 6 .00 7. Ordinary gain or loss.................................................................... 7 .00 7 .00 8. Other income (state nature of income) ___________________ . 8 .00 8 .00 9. Total income (add lines 1 through 8) ........................................... 9 .00 9 DEDUCTIONS .00 COLUMN II ALLOCATED TO WEST VIRGINIA COLUMN I REPORTED ON FEDERAL RETURN 10. Interest........................................................................................... 10 .00 10 .00 11. Taxes (includes QFT) ................................................................... 11 .00 11 .00 12. Fiduciary fees (includes QFT)....................................................... 12 .00 12 .00 13. Charitable deduction...................................................................... 13 .00 13 .00 14. Attorney, accountant, and return preparer fees (includes QFT) ... 14 .00 14 .00 15. A. Other deductions (see instructions for QFT)............................ 15A .00 15A .00 B. Net operating loss deduction ................................................... 15B .00 15B .00 16. Total (sum of lines 10 through 15)................................................. 16 .00 16 .00 17. Adjusted total income or loss (line 9 minus line 16) ..................... 17 .00 17 .00 18. Income distribution deduction........................................................ 18 .00 18 .00 19. Estate tax deduction including certain generation-skipping taxes 19 .00 19 .00 20. Qualified business income deduction. Attach copy of IRS Form 8995 or 8995-A ..................................... 20 .00 20 .00 21. Federal exemption......................................................................... 21 .00 21 .00 22. Total deductions (sum of lines 18 through 21).............................. 22 .00 22 .00 23. Taxable income of fiduciary (line 17 minus line 22)....................... 23 .00 23 .00 SCHEDULE NR NONRESIDENT INCOME, ALLOCATION, AND CALCULATIONS Continues on next page 4 *P35202304W* P 3 5 2 0 2 3 0 4 W SCHEDULE NR Form IT-141 2023 NONRESIDENT INCOME, ALLOCATION, AND CALCULATIONS PART II – CALCULATION OF WEST VIRGINIA TAX 24. West Virginia taxable income (page 1, line 4)................................................................................................ 24 .00 25. Tentative tax (apply rate schedule to amount on line 24).............................................................................. 25 .00 26. Income percentage (carry to four decimal places) = WV income (line 23, col. II) Federal income (line 23, col. I) 26 27. West Virginia tax (line 25 times line 26) – enter here and on page 1, line 5.................................................. 5 ● 27 .00 *P35202305W* P 3 5 2 0 2 3 0 5 W RECAP Form IT-141 2023 TAX CREDIT RECAP SCHEDULE Both 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 Division at 1-800-982-8297. APPLICABLE CREDIT TAX CREDIT SCHEDULE 1. Credit for Income Tax paid to another state(s)................................................ E 1 .00 2. General Economic Opportunity Tax Credit...................................................... EOTC-PIT 2 .00 3. High Technology Manufacturing Business ..................................................... EOTC-HTM 3 .00 4. WV Environmental Agricultural Equipment Credit.......................................... AG-1 4 .00 5. WV Military Incentive Credit........................................................................... J 5 .00 6. Neighborhood Investment Program Credit..................................................... NIPA-2 6 .00 7. Historic Rehabilitated Buildings Investment Credit (income producing)......... RBIC 7 .00 8. Residential Historic Rehabilitated Buildings Investment Credit (not income producing) .................................................................................. RBIC-A 8 .00 9. Apprenticeship Training Tax Credit................................................................ ATTC-1 9 .00 10. Alternative-Fuel Tax Credit............................................................................. AFTC-1 10 .00 11 .00 ** For what states? 11. Farm to Food Bank Tax Credit...................................................................... 12. Downstream Natural Gas Manufacturing Investment Tax Credit ................. DNG- 2 12 .00 13. Post Coal Mine Site Business Credit ........................................................... PCM-2 13 .00 14. Natural Gas Liquids ....................................................................................... NGL-2 14 .00 15. Donation or Sale of Vehicle to Qualified Charitable Organizations ............... DSV-1 15 .00 16. Small Arms And Ammunition Manufacturers Credit ....................................... SAAM-1 16 .00 17. West Virginia Jumpstart Savings Program Credit (Employer Use Only) ....... JSP-1 17 .00 18. Capital Investment in Child-Care Property Tax Credit ................................... CIP 18 .00 19. Operating Costs of Child Care Property Tax Credit ....................................... OCF 19 .00 20 20. Industrial Advancement Act Tax Credit .......................................................... .00 Continues on next page 6 *P35202306W* P 3 5 2 0 2 3 0 6 W RECAP 2023 TAX CREDIT RECAP SCHEDULE Form IT-141 APPLICABLE CREDIT TAX CREDIT SCHEDULE 21. West Virginia Film Industry Investment Tax Credit ....................................... WV FIIA-TCS 21 VFTC-1 22 PVA-2 23 .00 24 .00 22. Volunteer Firefighter Tax Credit 23. Build WV Property Value Adjustment Tax Credit ........................................... 24. TOTAL CREDITS — add all credits above. Enter on Form WV/IT-141, line 6 ......................................... 7 .00 *P35202307W* P 3 5 2 0 2 3 0 7 W
Form IT141
More about the West Virginia Form IT141 Corporate Income Tax Tax Return TY 2023
We last updated the Fiduciary Income Tax Return for Resident and Non-resident Estates and Trusts in February 2024, so this is the latest version of Form IT141, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT141 directly from TaxFormFinder. You can print other West Virginia tax forms here.
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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 IT141 from the Department of Revenue in February 2024.
Form IT141 is a West Virginia Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 IT141
We have a total of three past-year versions of Form IT141 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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