Form IT-141 2017 West Virginia Fiduciary Income Tax Return (For Resident and Non-resident Estates and Trusts) - West Virginia

Form IT-141 is a West Virginia Department of Revenue form also known as the "West Virginia Fiduciary Income Tax Return (for Resident And Non-resident Estates And Trusts)". The latest edition of the form was released in August 1, 2017 and is available for digital filing.

Download an up-to-date Form IT-141 in PDF-format down below or look it up on the West Virginia Department of Revenue Forms website.

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IT-141
West Virginia Fiduciary Income Tax Return
2017
REV 8-17
(for resident and non-resident estates and trusts)
Estate or
FEIN
Trust Name
Trustee
Executor Name
First Line of Address
Second Line of Address
City
State
Zip code
Filing Period
Extended Due
Fiscal Year Filer
Ended
Date
MM
DD
YYYY
MM
DD
YYYY
Check if Applicable:
Check one:
Final
Amended
Resident
Non-Resident
Type of
Simple Trust
Decedent’s Estate
Qualified Funeral Trust
Complex Trust
Entity:
Bankruptcy Estate
Grantor Type Trust
Qualified Funeral Trust Composite
Date of
Decedent
SSN: ______________________________________
Death:
Info:
MM
DD
YYYY
Final Individual Return Filed for Decedent
1
.00
1.
Federal taxable income (enter line 22, Federal Form 1041 or line 12, 1041-QFT)..............................................
2
.00
2.
West Virginia fiduciary additions (Schedule B, line 6)..........................................................................................
3
.00
3.
West Virginia fiduciary subtractions (Schedule B, line 11)...................................................................................
4
.00
4.
West Virginia taxable income (sum of lines 1 and 2 minus line 3).......................................................................
IF ThIS IS A SIMPLE TRuST hAVING No TAxABLE INCoME, oMIT LINES 5-7
5
.00
5.
West Virginia tax (check one)
Rate Schedule
Schedule NR.......................................................
6
.00
6.
Credits from Tax Credit Recap Schedule (see schedule page 4)........................................................................
7
.00
7.
Adjusted tax due (line 5 minus line 6)..................................................................................................................
.00
8
8.
Non-resident income subject to tax (total of Schedule A, column F)...................................................................
9
.00
9.
West Virginia income tax paid for non-resident beneficiaries (total of Schedule A, Column H)...........................
10
.00
10. Combined tax due (sum of lines 7 and 9)............................................................................................................
11. West Virginia fiduciary income tax withheld (See Instructions)
11
.00
ChECk hERE IF WIThhoLDING IS FRoM NRSR (NoN RESIDENT SALE oF REAL ESTATE)................
12
.00
12. Estimated payments/payments with extension of time........................................................................................
13
.00
13. Paid with original return (amended return only)...................................................................................................
14
.00
14. overpayment previously refunded or credited (amended return only).................................................................
15
.00
15. Total payments (sum of lines 11, 12, and 13 minus line 14)................................................................................
16
.00
16. Balance of tax due (line 10 minus line 15)...........................................................................................................
17
.00
17. overpayment (if line 15 is larger than line 10, enter amount)...............................................................................
18
.00
18. Amount of line 17 to be credited to next year’s tax..............................................................................................
19
.00
19. Amount to be refunded (line 17 minus line 18)....................................................................................................
IRC § 671-678 Grantor Trust Election
*p35201701w*
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IT-141
West Virginia Fiduciary Income Tax Return
2017
REV 8-17
(for resident and non-resident estates and trusts)
Estate or
FEIN
Trust Name
Trustee
Executor Name
First Line of Address
Second Line of Address
City
State
Zip code
Filing Period
Extended Due
Fiscal Year Filer
Ended
Date
MM
DD
YYYY
MM
DD
YYYY
Check if Applicable:
Check one:
Final
Amended
Resident
Non-Resident
Type of
Simple Trust
Decedent’s Estate
Qualified Funeral Trust
Complex Trust
Entity:
Bankruptcy Estate
Grantor Type Trust
Qualified Funeral Trust Composite
Date of
Decedent
SSN: ______________________________________
Death:
Info:
MM
DD
YYYY
Final Individual Return Filed for Decedent
1
.00
1.
Federal taxable income (enter line 22, Federal Form 1041 or line 12, 1041-QFT)..............................................
2
.00
2.
West Virginia fiduciary additions (Schedule B, line 6)..........................................................................................
3
.00
3.
West Virginia fiduciary subtractions (Schedule B, line 11)...................................................................................
4
.00
4.
West Virginia taxable income (sum of lines 1 and 2 minus line 3).......................................................................
IF ThIS IS A SIMPLE TRuST hAVING No TAxABLE INCoME, oMIT LINES 5-7
5
.00
5.
West Virginia tax (check one)
Rate Schedule
Schedule NR.......................................................
6
.00
6.
Credits from Tax Credit Recap Schedule (see schedule page 4)........................................................................
7
.00
7.
Adjusted tax due (line 5 minus line 6)..................................................................................................................
.00
8
8.
Non-resident income subject to tax (total of Schedule A, column F)...................................................................
9
.00
9.
West Virginia income tax paid for non-resident beneficiaries (total of Schedule A, Column H)...........................
10
.00
10. Combined tax due (sum of lines 7 and 9)............................................................................................................
11. West Virginia fiduciary income tax withheld (See Instructions)
11
.00
ChECk hERE IF WIThhoLDING IS FRoM NRSR (NoN RESIDENT SALE oF REAL ESTATE)................
12
.00
12. Estimated payments/payments with extension of time........................................................................................
13
.00
13. Paid with original return (amended return only)...................................................................................................
14
.00
14. overpayment previously refunded or credited (amended return only).................................................................
15
.00
15. Total payments (sum of lines 11, 12, and 13 minus line 14)................................................................................
16
.00
16. Balance of tax due (line 10 minus line 15)...........................................................................................................
17
.00
17. overpayment (if line 15 is larger than line 10, enter amount)...............................................................................
18
.00
18. Amount of line 17 to be credited to next year’s tax..............................................................................................
19
.00
19. Amount to be refunded (line 17 minus line 18)....................................................................................................
IRC § 671-678 Grantor Trust Election
*p35201701w*
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Estate or
FEIN
Trust Name
SChEDulE A – bEnEfICIARy InfoRmATIon AnD non-RESIDEnT TAx pAID foR wIThholDInG
ATTACh ADDITIoNAL CoPIES oF SChEDuLE AS NEEDED
nAmE AnD ADDRESS of EACh bEnEfICIARy
NAME
STREET oR oThER MAILING ADDRESS
CITY
STATE
ZIP CoDE
1.
2.
3.
4.
5.
(A)
WEST VIRGINIA FILING
(E)
(F)
(G)
(h)
METhoD
BENEFICIARY
TAx PAID FoR
IF NRW-4
SoCIAL
ShARE oF WV
BENEFICIARIES
(B)
(C)
(D)
PREVIouSLY
RATE
SECuRITY #
INCoME
WIThhoLDING
RESIDENT
CoMPoSITE
NoNRES
FILED
1.
6.5%
2.
6.5%
3.
6.5%
4.
6.5%
5.
6.5%
6. ToTALS
6.5%
SChEDulE b – wEST VIRGInIA fIDuCIARy moDIfICATIonS
CoLuMN I
CoLuMN II
ToTAL
AMouNT ALLoCATED
ADDITIonS:
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 20)..............................................................................
If this is
4.
Other additions – state nature and source
_____________________________
...............
a Simple
Trust
5.
Electing small business trust additions.................................................................................
having
6.
Total additions (add lines 1 through 5, col. II and enter here and on page 1, line 2)............
No
Taxable
SubTRACTIonS:
Income,
7.
Interest income on US obligations specifically exempt from state tax.................................
oMIT
8.
West Virginia exemption.......................................................................................................
Col. II
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).....
12. Net fiduciary modifications (line 6 minus line 11).................................................................
Direct
Deposit
ChECkING
SAVINGS
of Refund
RouTING NuMBER
ACCouNT NuMBER
plEASE REVIEw youR ACCounT InfoRmATIon foR ACCuRACy. pRoVIDInG InCoRRECT ACCounT InfoRmATIon mAy RESulT In
A $15.00 RETuRnED pAymEnT ChARGE.
Under penalties 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. I authorize the State Tax Department to discuss my return with my preparer.
YES
No
__________________________________________________________________________________________________________________
(Signature of Fiduciary or Officer Representing Fiduciary)
(Date)
paid
(Signature of Preparer)
(Date)
preparer’s
use only
(Firm’s Name)
(Address & ZIP Code)
(Telephone Number)
*p35201702w*
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Estate or
FEIN
Trust Name
SChEDulE nR
pART I – nonRESIDEnT InComE AnD AlloCATIon
(To be completed by nonresident estates and trusts only)
CoLuMN I
CoLuMN II
REPoRTED oN
ALLoCATED To
InComE
FEDERAL RETuRN
WEST VIRGINIA
.00
.00
1
1
1.
Interest income (includes QFT)....................................................
2
.00
2
.00
2.
Dividends (includes QFT).............................................................
3
.00
3
.00
3.
Business income or loss...............................................................
.00
.00
4
4
4.
Capital gain or loss (includes QFT)..............................................
5
.00
5
.00
5.
Rents, royalties, partnerships, other estates and trusts, etc. ......
6
.00
6
.00
6.
Farm income or loss.....................................................................
7
.00
7
.00
7.
ordinary gain or loss....................................................................
8
.00
8
.00
8.
other income (state nature of income) ___________________ .
9
.00
9
.00
9.
Total income (add lines 1 through 8) ...........................................
CoLuMN I
CoLuMN II
REPoRTED oN
ALLoCATED To
DEDuCTIonS
FEDERAL RETuRN
WEST VIRGINIA
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......................................................................
.00
.00
13
13
14. Attorney, accountant, and return preparer fees (includes QFT)....
14
.00
14
.00
15. other deductions (see instructions for QFT).................................
15
.00
15
.00
16. Total (sum of lines 10 through 15).................................................
.00
.00
16
16
17. Adjusted total income or loss (line 9 minus line 16).......................
17
.00
17
.00
18. Income distribution deduction........................................................
18
.00
18
.00
19. Federal exemption.........................................................................
19
.00
19
.00
20. Total deductions (sum of lines 18 and 19).....................................
20
.00
20
.00
21. Taxable income of fiduciary (line 17 minus line 20).......................
21
.00
21
.00
pART II – CAlCulATIon of wEST VIRGInIA TAx
22
.00
22. West Virginia taxable income (page 1, line 4)..................................................................................................
.00
23
23. Tentative tax (apply rate schedule to amount on line 22).................................................................................
24. Income percentage (carry to four decimal places
=
WV income (line 21, col. II)
24
Federal income (line 21, col. I)
25
.00
25. West Virginia tax (line 23 times line 24) – enter here and on page 1, line 5....................................................
*p35201703w*
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17
RECAP
Tax Credit Recap Schedule
(F
IT-141)
orm
Estate or
FEIN
Trust Name
This form is used to summarize the tax credit(s) that you may claim against your tax. In addition to completing this summary
form, each tax credit has a schedule or form that is used to determine the amount of credit that can be claimed. Both this
summary form and the appropriate credit calculation schedule(s) or form(s) MUST BE ENCLOSED with your return.
Note:
If you are claiming the Schedule E credit(s) or the Neighborhood Investment Program Credit you are no longer required to
enclose the other state(s) returns(s) or the NIPA-2 schedule with your return. You must maintain the other state(s) return(s)
or the NIPA-2 schedule in your files.
west Virginia Tax Credit Recap Schedule
TAx CREDIT
SChEDulE
ApplICAblE CREDIT
WV/EoTC-PIT
1
.00
1.
General Economic opportunity Tax Credit.........................................................
WV/SRDTC-1
2
.00
2.
Strategic Research and Development Tax Credit..............................................
WV/NIPA-2
3
.00
3.
Neighborhood Investment Program Credit.........................................................
RBIC
4
.00
4.
historic Rehabilitated Residential Buildings Investment Credit.........................
5
.00
RBIC-A
5.
Qualified Rehabilitated Residential Building Investment Credit.........................
J
6
.00
6.
West Virginia Military Incentive Credit................................................................
E
7
.00
7.
Credit for Income Tax Paid to Another State(s)..................................................
For what states?
WV/AG-1
8
.00
8.
West Virginia Environmental Agricultural Equipment Credit...............................
9
.00
WV/FIIA-TCS
9.
West Virginia Film Industry Investment Tax Credit..............................................
10
.00
WV/ATTC-1
10. Apprenticeship Training Tax Credit......................................................................
WV/AFTC-1
11
.00
11. Alternative Fuel Tax Credit...................................................................................
WV/CPITC-1
12
.00
12. Commercial Patent Incentives Tax Credit...........................................................
13
.00
13. ToTAL CREDITS – add lines 1 through 12 Enter on Form WV/IT-141, page 1, line 6.................................
*p35201704w*
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IT-141w
17
West Virginia Withholding Tax Schedule
REV. 8-17
Do noT send w-2’s, 1099’s, K-1’s and/or wV/nRw-2’s with your return.
Enter wV withholding information below.
This foRm musT bE filEd EvEn if you hAvE no inComE oR wiThholding.
Estate or
FEIN
Trust Name
1
A – Employer or Payer Information
B – Employee or Taxpayer Information
C – WV Tax Withheld
.00
Employer ID or Payer ID#
Name
WV WIThhoLDING
Check the appropriate box
Employer or Payer Name
Social Security Number
k-1
WV/NRW-2
Address
.00
City, State, ZIP
Income Subject to WV WIThhoLDING
2
A – Employer or Payer Information
B – Employee or Taxpayer Information
C – WV Tax Withheld
.00
Employer ID or Payer ID#
Name
WV WIThhoLDING
Check the appropriate box
Employer or Payer Name
Social Security Number
k-1
WV/NRW-2
Address
.00
City, State, ZIP
Income Subject to WV WIThhoLDING
3
A – Employer or Payer Information
B – Employee or Taxpayer Information
C – WV Tax Withheld
.00
Employer ID or Payer ID#
Name
WV WIThhoLDING
Check the appropriate box
Employer or Payer Name
Social Security Number
k-1
WV/NRW-2
Address
.00
City, State, ZIP
Income Subject to WV WIThhoLDING
4
A – Employer or Payer Information
B – Employee or Taxpayer Information
C – WV Tax Withheld
.00
Employer ID or Payer ID#
Name
WV WIThhoLDING
Check the appropriate box
Employer or Payer Name
Social Security Number
k-1
WV/NRW-2
Address
.00
City, State, ZIP
Income Subject to WV WIThhoLDING
.00
Total WV withholding tax from column C above..................................................................................................
If you have WV withholding on multiple IT-141W’s, add the totals together and enter the GRAND TOTAL on page 1, line 11, form IT-141.
*p35201705w*
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Download Form IT-141 2017 West Virginia Fiduciary Income Tax Return (For Resident and Non-resident Estates and Trusts) - West Virginia

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