W. Va. Code R. § 110-13B-6

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 110-13B-6 - Periodic Installment Payments Of Tax

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.

W. Va. Code R. § 110-13B-6