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West Virginia Modifications to Federal S Corporation and Partnership Income
Extracted from PDF file 2023-west-virginia-form-pte-100-schedule-b.pdf, last modified December 1969Modifications to Federal S Corporation and Partnership Income
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
Form PTE-100 Schedule B
More about the West Virginia Form PTE-100 Schedule B Corporate Income Tax TY 2023
We last updated the Modifications to Federal S Corporation and Partnership Income in February 2024, so this is the latest version of Form PTE-100 Schedule B, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form PTE-100 Schedule B directly from TaxFormFinder. You can print other West Virginia tax forms here.
Related 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. These related forms may also be needed with the West Virginia Form PTE-100 Schedule B.
| Form Code | Form Name |
|---|---|
| Form PTE-100 Schedule A | Income/Loss Modifications to Federal Pass-Through Income |
| PTE-100 APT | Allocation and Apportionment for Multistate Businesses (formerly SPF 100 APT) |
| Form PTE-100 Schedules C and D | Schedule of Tax Payments & Schedule of Reportable Entities |
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 PTE-100 Schedule B from the Department of Revenue in February 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 PTE-100 Schedule B
We have a total of four past-year versions of Form PTE-100 Schedule B in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2021 Form PTE-100 Schedule B
PTE-100 2021.09.03 B54202001W.indd
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