Wv Form 103 PDF Details

Every year, businesses operating within the State of West Virginia face the crucial task of reconciling their accounts with the state's tax requirements, a process at the heart of which lies the WV/IT-103 form. This document, issued by the State Tax Department, Tax Account Administration Division, is essential for employers to accurately report the total amount of state tax withheld from employees' wages throughout the fiscal year. Due for submission by January 31 of the following year, the form serves as a year-end reconciliation statement that aligns with the totality of withholding tax statements, such as Forms W-2 or 1099, distributed to employees and transmitted to the tax department. Detailed within its structure are sections for reporting quarterly withholdings, a comparison of total annual withholding against those reported via individual statements, and specific instructions for addressing discrepancies, whether they manifest as overpayments or underpayments. Significantly, the form stresses the importance of electronic filing, especially for employers with a substantial number of employees, thereby streamlining the process and enhancing compliance efficiency. Additionally highlighted are the penalties for non-compliance and the procedures for amending previously filed returns, underscoring the state's commitment to maintaining an orderly, transparent tax system. This comprehensive approach to tax reconciliation not only aids in fulfilling legal obligations but also reinforces the integrity of West Virginia’s fiscal operations.

QuestionAnswer
Form NameWv Form 103
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameswv form it 103, wv 103, west virginia withholding reconciliation, wv it 103 year end

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STATE OF WEST VIRGINIA

State Tax Department, Tax Account Administration Div

P.O. Box 3943

Charleston, WV 25339-3943

Name

 

Address

 

City

State

WV/IT-103

WEST VIRGINIA WITHHOLDING YEAR END RECONCILIATION

 

IT103 v.5

To be filed on or before January 31.

 

 

 

 

 

 

 

 

 

Account #: ______________

Calendar Year: ___________________

 

 

 

 

 

 

 

First Quarter

 

 

 

.00

 

Second Quarter

 

 

 

.00

 

Third Quarter

 

 

 

.00

 

Fourth Quarter

 

 

 

.00

 

TOTAL FOR THE YEAR

(A)

 

.00

 

Number of Withholding tax statements (W-2's/1099's) transmitted

 

 

 

 

 

 

 

 

 

Total WV tax shown as withheld by all statements transmitted

(B)

 

.00

DO NOT SEND PAYMENT WITH THIS FORM

Attach an explanation if Block (A) is different from Block (B). If there is an underpayment, visit https://mytaxes.wvtax.gov to remit payment separately using MyTaxes or visit our website to download an IT-101V payment voucher. If there is an overpayment, an amended IT-101Q return for period(s) involved is required. Check the appropriate box to request the refund.

Sign Your Return

Under penalty of perjury, I declare that I have examined this return (including accompanying schedules and statements) and to the best of my knowledge and belief it is true and complete.

(Signature of taxpayer)

(Name of taxpayer - type or print)

(Title)

(Date)

(Person to contact concerning this return)

(Telephone number)

 

(E-mail address)

(Signature of preparer other than taxpayer)

(Address)

 

(Date)

MAIL TO: WEST VIRGINIA STATE TAX DEPARTMENT

Tax Account Administration Div

P.O. Box 3943 , Charleston, WV 25339-3943

FOR ASSISTANCE CALL (304) 558-3333 TOLL FREE (800) 982-8297

For more information visit our web site at: www.tax.wv.gov

File online at https://mytaxes.wvtax.gov

End of Year Reconciliation and Withholding Tax Statements (W-2's)

Employers are required to furnish each employee a Withholding Tax Statement (Form W-2 or an approved substitute) on or before January 31 of the following year. A copy of each employee’s Withholding Tax Statement (W-2) is to be submitted to the State Tax Department accompanied with form WV/IT-103 no later than January 31 of the succeeding year. We encourage you to file the WV/IT-103 and upload W-2’s online using https://mytaxes.wvtax.gov.

Employees who are filing for twenty-five or more employees are required to file all data by electronic media. Visit www.tax.wv.gov for guidelines and view the IT-105 Specifications for information on filing W-2’s and 1099 forms electronically. Failure to do so can result in an assessment of penalty in the amount of $25.00 per information return for whom the return was not filed electronically. Lack of forms is not a valid excuse for failure to file a return.

For additional information, please visit our website www.tax.wv.gov or contact:

Taxpayer Services Division

(304)558-3333

1-800-WVA-TAXS

(800)982-8297

DO NOT ALTER YOUR TAX RETURNS INDICATING CHANGES

If there has been a change in your business please fill out this form by checking the appropriate box(es) and ensure your account number or EIN is indicated at the top of the form. Any change indicated on this form will be adjusted accordingly.

EMPLOYER'S WITHHOLDING CHANGE ORDER

Employer's Identification Number listed with West Virginia

**INDICATE CHANGES ONLY**

 

FEIN (WV State ID# if different)

 

 

Filing Status

 

Annual to Quarterly

 

 

 

 

 

 

attach explanation

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employer's Name (if different)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

City

 

 

 

State

Zip Code

 

 

 

 

 

 

 

 

 

 

If you are no longer liable for West Virginia withholding tax, check explanation below;

 

 

 

 

 

Business Sold Date Effective: ___________________________________

 

 

Business permanently discontinued Date Effective: ____________________

 

 

 

 

 

 

Ceased paying wages Date Effective: _____________________________

 

 

Other - Specify: ________________________________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

Signature

 

 

 

 

 

 

Mail to: WV State Tax Department PO Box 3943, Charleston WV 25339-3943

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