Form IT-140 Schedule UT West Virginia Purchaser's Use Tax Schedule - West Virginia

What Is Form IT-140 Schedule UT?

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 IT-140 Schedule UT?
A: Form IT-140 Schedule UT is the West Virginia Purchaser's Use Tax Schedule.

Q: What is the purpose of Form IT-140 Schedule UT?
A: The purpose of Form IT-140 Schedule UT is to report and pay use tax on purchases made by West Virginia residents.

Q: Who needs to file Form IT-140 Schedule UT?
A: West Virginia residents who have made purchases subject to use tax need to file Form IT-140 Schedule UT.

Q: What is use tax?
A: Use tax is a tax on goods and services purchased for personal or business use when sales tax was not paid at the time of purchase.

Q: How do I calculate the use tax?
A: You can calculate the use tax by multiplying your total taxable purchases by the applicable use tax rate.

Q: How do I file Form IT-140 Schedule UT?
A: You can file Form IT-140 Schedule UT along with your West Virginia individual income tax return (Form IT-140).

Q: What happens if I don't file Form IT-140 Schedule UT?
A: If you don't file Form IT-140 Schedule UT or pay the required use tax, you may be subject to penalties and interest.