Form WV / IT-103 West Virginia Withholding Year End Reconciliation - West Virginia

What Is Form WV/IT-103?

This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the WV/IT-103 form?A: The WV/IT-103 form is the West Virginia Withholding Year End Reconciliation form.

Q: Who is required to file the WV/IT-103 form?A: Employers who withheld West Virginia income tax from their employees' wages during the year are required to file the WV/IT-103 form.

Q: What is the purpose of the WV/IT-103 form?A: The WV/IT-103 form is used to reconcile the total amount of West Virginia income tax withheld throughout the year with the total amount of income tax actually paid to the West Virginia State Tax Department.

Q: When is the deadline to file the WV/IT-103 form?A: The WV/IT-103 form must be filed on or before February 28th of the following year, unless February 28 falls on a weekend or holiday, in which case the deadline is the next business day.

Q: What information is required to complete the WV/IT-103 form?A: The WV/IT-103 form requires information such as the employer's name and address, total wages paid to employees, total West Virginia income tax withheld, and any adjustments or credits.

Q: Is there a penalty for late filing of the WV/IT-103 form?A: Yes, there may be penalties for late filing of the WV/IT-103 form. It is important to file the form on time to avoid any penalties or fees.

Q: Are there any additional requirements for employers filing the WV/IT-103 form?A: Employers filing the WV/IT-103 form may also be required to provide copies of wage and tax statements (W-2 forms) to their employees and submit an annual reconciliation summary (Form WV/IT-101).