Form CNF-120 Schedule B Adjustments to Federal Taxable Income - West Virginia

What Is Form CNF-120 Schedule B?

This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia.The document is a supplement to Form CNF-120, Corporation Net Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is CNF-120 Schedule B?
A: CNF-120 Schedule B is a form used in West Virginia to report adjustments to federal taxable income.

Q: What are Schedule B adjustments?
A: Schedule B adjustments are deductions or additions made to your federal taxable income.

Q: Who needs to file CNF-120 Schedule B?
A: West Virginia residents, part-year residents, and non-residents who have adjustments to their federal taxable income in West Virginia need to file CNF-120 Schedule B.

Q: What types of adjustments can be reported on CNF-120 Schedule B?
A: Types of adjustments that can be reported on CNF-120 Schedule B include deductions for income earned in other states, additions for federal income tax deductions, and other adjustments specified by the West Virginia Department of Revenue.

Q: Is there a deadline for filing CNF-120 Schedule B?
A: Yes, the deadline for filing CNF-120 Schedule B is the same as the deadline for filing your West Virginia income tax return, which is generally April 15th.

Q: Do I need to attach CNF-120 Schedule B to my federal tax return?
A: No, you do not need to attach CNF-120 Schedule B to your federal tax return. It is only required for West Virginia state income tax purposes.