Form CIT-120U Underpayment of Estimated Tax Penalty - West Virginia

What Is Form CIT-120U?

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 Form CIT-120U?
A: Form CIT-120U is a form used to calculate and pay the underpayment of estimated tax penalty for taxpayers in West Virginia.

Q: Who needs to file Form CIT-120U?
A: Taxpayers in West Virginia who have underpaid their estimated tax payments may need to file Form CIT-120U.

Q: When is Form CIT-120U due?
A: Form CIT-120U is due on or before the due date of your West Virginia income tax return.

Q: How is the underpayment of estimated tax penalty calculated?
A: The underpayment penalty is calculated based on the amount of tax underpaid and the number of days the underpayment occurred.

Q: What should I do if I owe a penalty on my West Virginia income tax?
A: If you owe a penalty on your West Virginia income tax, you should complete Form CIT-120U and include it with your state income tax return.

Q: Can I file Form CIT-120U electronically?
A: No, Form CIT-120U cannot be filed electronically. It must be mailed to the West Virginia State Tax Department.