Form WV/SEV-401t "Annual Timber Severance Tax Return" - West Virginia

What Is Form WV/SEV-401t?

This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia. Check the official instructions before completing and submitting the form.

Form Details:

  • The latest edition provided by the West Virginia State Tax Department;
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  • Fill out the form in our online filing application.

Download a printable version of Form WV/SEV-401t by clicking the link below or browse more documents and templates provided by the West Virginia State Tax Department.

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Download Form WV/SEV-401t "Annual Timber Severance Tax Return" - West Virginia

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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)
TIMBER SOLD AT THE POINT
1.00
0.015
1.
.
.
.
IT IS CUT AND DELIMBED
TIMBER CUT AND TAKEN TO
0.75
0.015
2.
.
.
.
COLLECTION POINT IN WOODS
TIMBER CUT AND DELIVERED
0.50
0.015
3.
.
.
.
TO SAWMILL FOR SALE
TIMBER CUT AND PROCESSED
0.25
0.015
4.
.
.
.
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 13 minus Line 14)
.
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
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File online at https://mytaxes.wvtax.gov
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)
TIMBER SOLD AT THE POINT
1.00
0.015
1.
.
.
.
IT IS CUT AND DELIMBED
TIMBER CUT AND TAKEN TO
0.75
0.015
2.
.
.
.
COLLECTION POINT IN WOODS
TIMBER CUT AND DELIVERED
0.50
0.015
3.
.
.
.
TO SAWMILL FOR SALE
TIMBER CUT AND PROCESSED
0.25
0.015
4.
.
.
.
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 13 minus Line 14)
.
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
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6
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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)
00
1.
Sawed Timber (Board Feet)
.
.
00
2.
Pulp Wood Harvested (Tons)
.
.
00
3.
Other (specify)
.
.
* 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
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