CIT-120 - West Virginia Corporate Net Income Tax Instructions - 2025

Sep 19, 2026

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CIT-120 provides West Virginia corporate net income tax instructions for 2025, covering annual return filing deadlines (including extended due dates), applicable tax rate, and consequences for failing to remit payments by EFT. The instructions explain returned payment charges for rejected or insufficient-funds bank transactions, and list practical steps to reduce the chance of transaction rejection. The document also outlines taxpayer responsibilities for filing, paying, requesting refunds, and the need to notify the Tax Division if business operations are sold or discontinued.

LanguageEnglish

CategoryLetters

FormatPDF

Pages24

Reading Time8 min

AccessFree to download

IMPORTANT INFORMATION FOR 2025

TAXPAYER RESPONSIBILITIES

FILING YOUR CORPORATE RETURNS

PAYMENT OF THE TAX

REFUNDS

SELLING OR DISCONTINUING YOUR BUSINESS

RETURNED PAYMENT CHARGE

TAX RATES

CIT-120 West Virginia Corporate Net Income Tax Instructions | This publication provides general information and is not meant to be a substitute for tax laws or regulations. | | | --- | --- | |
CONTENTS | | | IMPORTANT INFORMATION FOR 2025
TAXPAYER RESPONSIBILITIES
GENERAL INFORMATION
FORM CIT-120 INSTRUCTIONS
SCHEDULE 1–SEPARATE ENTITY FILER WEST VIRGINIA CORPORATIONS WHOLLY IN WV
SCHEDULE 2 – SEPARATE ENTITY FILER WITH MULTI STATE ACTIVITY
CIT-120 , PAGE 2
SCHEDULE B: ADJUSTMENTS TO FEDERAL TAXABLE INCOME
SCHEDULE B-1 ALLOWANCE FOR GOVERNMENTAL OBLIGATIONS/
OBLIGATIONS SECURED BY RESIDENTIAL PROPERTY (§ 11-24-6 (f))
SCHEDULE C – SCHEDULE OF TAX PAYMENTS
SCHEDULE D – REPORTABLE ENTITIES
CIT-120TC: SUMMARY OF CORPORATION NET INCOME TAX CREDITS
SCHEDULE NOL: WV NET OPERATING LOSS CARRYFORWARD CALCULATION (§11-24-6(d)) CIT-120APT – ALLOCATION AND APPORTIONMENT FOR MULTISTATE CORPORATIONS COMBINED REPORTING

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19 | IMPORTANT INFORMATION FOR 2025 Annual returns will have a due date of April 15 and an extended due date of October 15. Fiscal and 52/53-week returns will be due on the 15th day of the fourth month following the end of the period with an extension period of six months. TAX RATES ● The Corporation Net Income Tax Rate is 6.5%(§11-24-4) . ● Failure to comply with the requirement to remit payments by EFT without first obtaining a waiver may result in a civil penalty of three (3) percent of each payment which was to be paid [by EFT. Visit our website www.tax.wv.gov](by EFT. Visit our website www.tax.wv.gov)[ ](by EFT. Visit our website www.tax.wv.gov)[for additional information.](for additional information.) RETURNED PAYMENT CHARGE The Tax Division will recover a $15 .00 fee associated with any returned bank transactions. These bank transactions include but are not limited to the following: ● Direct Debit (payment) transactions returned for insufficient funds. ● Stopped payments. ● Bank refusal to authorize payment for any reason. ● Direct Deposit of refunds to closed accounts. ● Direct Deposit of refunds to accounts containing inaccurate or illegible account information. Checks returned for insufficient funds will incur a $28.00 fee. The fee charged for returned or rejected payments will be to recover only the amount charged to the Tax Division by the financial institutions and can not be waived. Important: There are steps that can be taken to minimize the likelihood of a rejected financial transaction occurring: ● Be sure that you are using the most current bank routing and account information. ● If you have your tax return professionally prepared, the financial information used from a prior year return often pre-populates the current return as a step saver. It is important that you verify this information with your tax preparer by reviewing the bank routing and account information from a current check. This will ensure the information is accurate and current in the event that a bank account previously used was closed or changed either by you or the financial institution. ● If you prepare your tax return at home using tax preparation software, the financial information used from a prior year return often pre-populates the current return as a step saver. It is important that you verify this information by reviewing the bank routing and account information from a current check. This will ensure the information is accurate and current in the event that a bank account previously used was closed or changed either by you or the financial institution. ● If you prepare your tax return by hand using a paper return, be sure that all numbers requesting a direct deposit of refund entered are clear and legible. ● If making a payment using MyTaxes, be sure that the bank routing and account number being used is current. ● If scheduling a delayed debit paymen

FAQs

What are the due dates for West Virginia annual corporate returns in 2025?

Annual returns are due April 15, with an extended due date of October 15. Fiscal and 52/53-week returns are due on the 15th day of the fourth month after the end of the period, with an extension period of six months.

What fees can apply if a bank transaction is returned or rejected?

Returned bank transactions are subject to a $15.00 fee, while checks returned for insufficient funds incur a $28.00 fee. The fee charged is meant to recover the amount charged to the Tax Division by the financial institutions and cannot be waived.

How long do you have to file a claim for a refund?

A refund claim must be filed within three years of the return’s due date or two years from the date the tax was paid, whichever expires later.

Sep 19, 2026

Upload by Jasmine