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

The West Virginia Tax Division May 1 published revised corporate income and individual income tax information for employers about withholding tax. Every employer who transacts business or maintains an office in West Virginia must withhold the appropriate amount of 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 following year; 2) that compensation subject to federal withholding is subject to state withholding; 3) information on the electronic filing requirement for employers with 25 ...