West Virginia Schedule UT Purchaser's Use Tax Schedule
Extracted from PDF file 2019-west-virginia-form-it140-schedule-ut.pdf, last modified December 1969
Schedule UT Purchaser's Use Tax Schedule2019 SCHEDULE (F UT IT-140) W West Virginia Purchaser’s Use Tax Schedule INSTRUCTIONS Purchaser’s Use Tax is a tax on the use of tangible personal property or services in West Virginia where Sales Tax has not been paid. Use Tax applies to the following: internet purchases, magazine subscriptions, mail-order purchases, out-of-state purchases, telephone purchases originating out-of-state, TV shopping networks, and other purchases of taxable items. For detailed instructions on the Schedule UT, see page 8. Part I State Use Tax Calculation 1. Amount of purchases subject to West Virginia Use Tax................................................................................. 1 2. West Virginia Use Tax Rate.......................................................................................................................... 2 3. West Virginia State Use Tax (Multiply line 1 by rate on line 2. Enter amount here and on line 9 below)....... 3 Part II $ .06 $ Municipal Use Tax Calculation City/Town Name* Purchases Subject to Municipal Use Tax Municipal Tax Due (Purchases multiplied by rate) Tax Rate 4a 4b $ 4c 4d $ 5a 5b $ 5c 5d $ 6a 6b $ 6c 6d $ 7a 7b $ 7c 7d $ 8 $ 8. Total Municipal Use Tax (add lines 4d through 7d and enter here and on line 10) Part III Total Amount Due 9 $ 10. Total Municipal Use Tax due (from line 8).................................................................................................... 10 $ 11. Total Use Tax Due (add lines 9 & 10 and enter total here and on line 13 of Form IT-140) $ 9. Total State Use Tax due (from line 3)............................................................................................................ 11 *Visit www.tax.wv.gov for a complete list of West Virginia municipalities that impose a Use Tax. *P40201905W* P –7– 4 0 2 0 1 9 0 5 W INSTRUCTIONS You owe use tax on the total purchase price of taxable tangible personal property or taxable services (hereinafter called property) that you used, stored, or consumed in West Virginia upon which you have not previously paid West Virginia sales or use tax. The use tax applies to the following: internet purchases, magazine subscriptions, mail-order purchases, out-ofstate purchases, telephone purchases originating out-of-state, TV shopping networks and other purchases of taxable items. Schedule UT must be filed with IT-140 if the taxpayer is reporting use tax due. USE TAX – STATE 1. Purchase price 2. 6.0% West Virginia State use tax ($10,000 x .06) 3. Less 4.0% sales/use tax paid to State B ($10,000 x .04) 4. Net use tax due to West Virginia Examples of reasons you may owe use tax: 1. 5. Measure of tax ($200 ÷ .06 tax rate) You purchased property without paying sales tax from a seller outside of West Virginia. You would have paid sales tax if you purchased the property from a West Virginia seller. 2. You purchased property without paying sales tax for resale (to sell to others) or for a nontaxable use. You then used the property in a taxable manner. 3. You purchased property without paying sales tax and later gave the property away free to your customers. $10,000.00 600.00 (400.00) 200.00 $ 3,333.34 You should include the $3,333.34 in Part I, line 1 of the West Virginia Purchaser’s Use Tax Schedule. USE TAX – MUNICIPAL 1. Purchase price $10,000.00 2. 1.0% Municipality A sales/use tax ($10,000 x .01) 100.00 (includes purchases or lease of tangible personal property or taxable service made using direct pay permit) 3. Less .5% sales/use tax paid to Municipality B ($10,000 x .005) (50.00) Line 1 – Enter the total dollar amount of all purchases made during the 2019 tax year that are subject to the 6% use tax rate. 5. Measure of tax ($50 ÷ .01 tax rate) Pඉකග I. Sගඉගඍ Uඛඍ Tඉච Cඉඔඋඝඔඉගඑඖ 4. Net use tax due to municipality A 50.00 $ 5,000.00 You should include the $5,000 in Part II, line 4b-7b under appropriate municipality. Line 3 – Multiply the amount on line 1 by the use tax rate on line 2. Line 4a – 7a – Enter the name of the municipality. Pඉකග II. Mඝඖඑඋඑඉඔ Uඛඍ Tඉච Cඉඔඋඝඔඉගඑඖ You owe municipal use tax on the total purchase price of taxable tangible personal property or taxable services that you used, stored, or consumed in a municipality that has imposed sales and use tax upon which you have not previously paid sales or use tax. For municipal tax paid in another municipality. West Virginia sales and use tax law provides a credit for sales or use taxes that are properly due and paid to another state or municipality on property or services purchased outside of the State or municipality in which you are located and subsequently stored, used or consumed inside the State or municipality. The credit is allowed against the total of West Virginia state and municipal use taxes imposed on the same property or services purchased in the other state or municipality. Note: When the combined state and municipal taxes paid to the other state/municipality equals or exceeds the combined West Virginia state and municipal use tax, no entry is required on the West Virginia Purchaser’s Use Tax Schedule (Schedule UT) to report the purchase or the credit for tax paid to the other state/municipality on the same purchase. Example: You purchase an item subject to tax in Ohio and pay 7% sales tax (6% state tax and 1% local tax). You live in an area in West Virginia that imposes a 1% municipal use tax with the State rate 6%, for a total 7%. You would not report the purchase on the schedule nor on your Personal Income Tax return since the combined rates are the same in Ohio and the city in West Virginia. Line 4b – 7b – Enter total purchases subject to the use tax. Line 4c – 7c – Enter the tax rate. See www.tax.wv.gov for a complete list of municipalities and rates. Line 4d – 7d – Multiply total purchases by the tax rate and enter total. Line 8 – Add lines 4d through 7d and enter total. Pඉකග III. Tගඉඔ Aඕඝඖග Dඝඍ Line 9 – Enter total State Use Tax due (from line 3). Line 10 – Enter total Municipal Use Tax due (from line 8). Line 11 – Enter total Use Tax due. Add lines 9 and 10 and enter total here and on line 13 of Form IT 140. If you calculate an overpayment of your Personal Income Tax on Form IT-140, simply deduct the amount of Use Tax due from the amount of overpayment by following the instructions for Form IT-140. The following example includes a situation a person may encounter with respect to West Virginia state, and municipal sales and use taxes, if they purchase items outside West Virginia or from a diﬀerent municipality and are required to pay sales or use taxes to the other state and/or municipality. The example provides information on how to use the amount of sales tax paid to the other state as a credit against West Virginia state and municipal use taxes imposed and how to compute and report the West Virginia state and municipal taxes due. You bring equipment into West Virginia for use in a municipality which imposes municipal sales and use tax. You can determine the West Virginia state and municipal use tax as follows: –8–
Form IT140 Schedule UT
More about the West Virginia Form IT140 Schedule UT Individual Income Tax TY 2019
Purchaser’s Use Tax is a tax on the use of tangible personal property or services in West Virginia where Sales Tax has not been paid. Use Tax applies to the following: internet purchases, magazine subscriptions, mail-order purchases, out-of-state purchases, telephone purchases originating out-of-state, TV shopping networks, and other purchases of taxable items.
We last updated the Schedule UT Purchaser's Use Tax Schedule in February 2020, so this is the latest version of Form IT140 Schedule UT, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form IT140 Schedule UT directly from TaxFormFinder. You can print other West Virginia tax forms here.
Related West Virginia Individual Income Tax Forms:
TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the West Virginia Form IT140 Schedule UT.
|Form Code||Form Name|
|Form IT140 Schedule HEPTC1||Schedule HEPTC1 Homestead Excess Property Tax Credit|
|Form IT140 Schedule L||Application for Extension of Time to File|
|Form IT140 Schedule A||Schedule of Income for Non- or Part-Year-Residents|
|Form IT140 Schedule FTC1||Schedule FTC1 Family Tax Credit Schedule:|
|Form IT140 Schedule F||Statement of Claimant to Refund Due Deceased Taxpayer|
West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form IT140 Schedule UT from the Department of Revenue in February 2020.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of West Virginia Form IT140 Schedule UT
We have a total of six past-year versions of Form IT140 Schedule UT in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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.