×
tax forms found in
Tax Form Code
Tax Form Name

West Virginia Free Printable 2008 West Virginia Personal Income Tax Booklet for 2024 West Virginia Financial Organization Goodwill Credit

There are only 28 days left until tax day on April 16th! eFile your return online here , or request a six-month extension here .

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-west-virginia-form-fogw1.pdf, and you can print it directly from your computer.

Financial Organization Goodwill Credit
2008 West Virginia Personal Income Tax Booklet

WV/FOGW-1 Org. 08/2009 WEST VIRGINIA STATE TAX DEPARTMENT SCHEDULE FOGW-1 FINANCIAL ORGANIZATION GOODWILL CREDIT BUSINESS NAME IDENTIFICATION NUMBER TAX PERIOD MM YYYY DD TO MM DD YYYY Part A - Credit Qualification and Acquistion Summary In order to claim a Financial Organization Goodwill Credit, both of the following must be satisfied: I. Claimant must be a financial organization with its commercial domicile in West Virginia that acquires a financial organization that does not have its commercial domicile in West Virginia; I I. The goodwill associated with the acquisition is first added to the net equity of the financial organization with its commercial domicile in West Virginia on or after January 1, 2008; Acquisition Summary Date of Acquisition Name of Acquired Financial Organization FEIN of Acquired Acquisition Goodwill Added to Net Equity Part B - Credit Calculation If items I and II of Part A have been satisfied and the Acquisition Summary has been completed, please complete the following: 1. Amount of goodwill associated with the acquisition first recorded on the balance sheet of the financial organization with its commercial domicile in West Virginia (Add the values from the 1. $ Goodwill Added to Net Equity column of the Acquisition Summary and enter here). 2. Credit Limit Factor I. (Multiply the amount on Line 1 by 0.5). 3. Credit Limit Factor II (Multiply the for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or for taxable years beginning on or 4. Business Franchise Tax Liability: a. 4a. $ Enter total Business Franchise Tax Liability. b. Enter Subsidiary Credit Claimed. 4b. $ c. Adjusted Business Franchise Liability 4c. $ (Subtract the amount on Lines 4b from the amount on Line 4a). d. Business Franchise Tax Financial Organization Goodwill Credit Offset (Enter the lesser of the amount on Line 3 and the amount on Line 4c here, and on Summary of Corporation Net Income Tax/Business Franchise Tax Credits (Schedule/Form WV/CNF-120TC) or summary of Business Franchise Tax Credits (Schedule/Form WV/SPF-100TC)). 2. $ amount on Line 2 by the Business Franchise Tax rate) after 1/1/2008 use 0.0055; after 1/1/2009 use 0.0048; after 1/1/2010 use 0.0041; after 1/1/2011 use 0.0034; after 1/1/2012 use 0.0027; after 1/1/2013 use 0.0020; after 1/1/2014 use 0.0010; after 1/1/2015 use 0.0000. 3. 4d. $ Under penalties of perjury, I declare that I have examined this credit claim form (including accompanying schedules and statements) and to the best of my knowledge it is true, and complete. Signature of Taxpayer Name of Taxpayer: Type or Print Title Person to Contact Concerning this Return Signature of Preparer other than Taxpayer Date Telephone Number Address Title Date
Extracted from PDF file 2023-west-virginia-form-fogw1.pdf, last modified September 2009

More about the West Virginia Form FOGW1 Corporate Income Tax Tax Credit TY 2023

We last updated the Financial Organization Goodwill Credit in February 2024, so this is the latest version of Form FOGW1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form FOGW1 directly from TaxFormFinder. You can print other West Virginia tax forms here.


eFile your West Virginia tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your West Virginia and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Other West Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PTE100 Income Tax Return S Corporation & Partnership (Pass-Through Entity) Formerly SPF 100
SPF100 Schedule SP Shareholder / Partner Information and Non-resident Withholding
Form CIT 120 Corporate Net Income (formerly CNF 120)
Form IT-141ES Fiduciary Estimated Tax Payment Voucher
Form PTE-100 Schedule A Income/Loss Modifications to Federal Pass-Through Income

Download all WV tax forms View all 76 West Virginia Income Tax Forms


Form Sources:

West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form FOGW1 from the Department of Revenue in February 2024.

Show Sources >

Form FOGW1 is a West Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of West Virginia Form FOGW1

We have a total of ten past-year versions of Form FOGW1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2022 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2021 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2020 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2019 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2016 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2015 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2013 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2012 Form FOGW1

2008 West Virginia Personal Income Tax Booklet

2008 PIT 2011 Form FOGW1

2008 West Virginia Personal Income Tax Booklet


TaxFormFinder Disclaimer:

While we do our best to keep our list of West Virginia Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/westvirginia/form-fogw1