West Virginia Tax Division Publishes Revised Information for Employers About Withholding Tax

The West Virginia Tax Division April 1 published information for employers about withholding tax, for corporate income and individual income tax purposes. Every employer who transacts business or maintains an office in West Virginia is required to withhold the appropriate amount of personal income tax from resident and non-resident employee wages. The division provides: 1) that employers must submit Form WV/IT-103, Year End Reconciliation, together with copies of all state withholding tax statements no later than Jan. 31 of the succeeding year; 2) information on the electronic filing requirement for employers with 25 or more employees/payees through the division’s My ...