Enlarge image | STATE OF WEST VIRGINIA State Tax Department, Tax Account Administration Div P.O. Box 425 Charleston, WV 25322-0425 Name Address Account #: City State Zip WV/SEV-401T ANNUAL TIMBER SEVERANCE TAX RETURN rtL100 v.7-Web Period Ending: Due Date: Extension Date: M M D D Y Y Y Y Check if: CONSOLIDATED SEPARATE FINAL AMENDED TAX COMPUTATIONS (COLUMN 1) (COLUMN 2) (COLUMN 3) (COLUMN 4) (COL 5) (COLUMN 6) TYPE OF ACTIVITY GROSS PROCEEDS TAX TAXABLE AMOUNT RATE GROSS TAX OF SALE MULTIPLIER (COL 2 X COL 3) (COL 4 X COL 5) 1. TIMBER SOLD AT THE POINT 1.00 0.015 IT IS CUT AND DELIMBED . . . 2. TIMBER CUT AND TAKEN TO 0.75 0.015 COLLECTION POINT IN WOODS . . . 3. TIMBER CUT AND DELIVERED 0.50 0.015 TO SAWMILL FOR SALE . . . 4. TIMBER CUT AND PROCESSED 0.25 0.015 INTO OTHER PRODUCTS . . . 5. Gross Tax (Add Column 6, Lines 1 through 4) . 6. Total Credits (Schedule TC - Line 3 on Page 2 - Attach Appropriate Schedule) . 7. Adjusted Tax (Line 5 minus Line 6) If line 6 is greater than Line 5, enter 0 . Total Payments made for the Period Covered by this Return and any Credit from Prior Years Overpayment 8. (Must attach credit letter) . 9. Balance of Tax Due (Line 7 minus Line 8) If Line 8 is greater than Line 7, enter 0 . 10. NON-WAIVABLE INTEREST For Internal 11. ADDITIONS TO TAX Use Only 12. PENALTY FOR UNDERPAYMENT OF ESTIMATED TAX 13. Overpayment Amount (Line 8 minus Line 7) If Line 7 is greater than Line 8, enter 0 . 14. Amount of Line 13 to be Credited to Next Year's Tax . 15. Amount of Line 13 to be Refunded (Line 1 3minus Line 1 )4 . MAIL TO: WEST VIRGINIA STATE TAX DEPARTMENT Tax Account Administration Div P.O. Box 425, Charleston, WV 25322-0425 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 G 6 2 0 7 1 6 0 1 W |
Enlarge image | WV/SEV-401T ANNUAL TIMBER SEVERANCE TAX RETURN rtL100V.7-Web Account #: _______________ SCHEDULE A: Enter the Amount of Timber Harvested and the Income Attributable for the Taxable Year Quantity* Gross Proceeds of Sale (Dollar Value) 1. Sawed Timber (Board Feet) . 00 . 2. Pulp Wood Harvested (Tons) . 00 . 3. Other (specify) . 00 . *For Sawed Timber, provide the number of Board Feet of timber harvested. For Pulpwood, provide the number of Tons of pulpwood harvested. SCHEDULE TC - Tax Credits 1. Annual Credit - $500 per year or $41.67 per month for each month engaged in business in West Virginia . 2. Manufacturing Investment Tax Credit (Must attach documentation) . 3. Total Credit (Add Lines 1 and 2) Enter here and on Page 1, Line 6 . Sign Your Return Under penalties 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) Please answer all questions: 1. If you purchased this business in the past twelve (12) months, give the previous owners full name and address: 2. During the period covered by this return, did you: a.Cease Business? Sell or otherwise dispose of your business? Exact Date b.If business was sold, give exact name and address of new owner 3. Address where your records are located 4. Principal place of business in West Virginia 5. Nature of business conducted. (Describe in Detail) 6. Give name and account number of any additional business(es) operated in West Virginia by the reporting taxpayer PAGE 2 OF 2 G 6 2 0 7 1 6 0 2 W |