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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.
To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.
Fields & buttons
West Virginia Information group box
If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding for the shareholder.
| Code |
Description |
| 1 |
Withholding (default)
This is the default filing for a nonresident shareholder when you do not select a code from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Schedule SP. |
| 2 |
Exempt from withholding and affidavit on file
Select this option to indicate the shareholder is exempt from withholding and an affidavit is already on file. UltraTax CS does not complete Form WV/NRW-4 for this shareholder. |
| 3 |
Exempt from withholding and affidavit required
Select this option to indicate the shareholder is exempt from withholding and an affidavit is required for the nonresident shareholder. UltraTax CS completes Form WV/NRW-4. |
| 4 |
Revoke affidavit on file
Select this option to indicate the shareholder affidavit on file is being revoked. UltraTax CS treats the shareholder as exempt from withholding for the current year and proformas the shareholder as no longer exempt from withholding for the subsequent year. |
| 5 |
Other exemption from withholding
Select this option to indicate the shareholder is exempt from withholding based on criterion other than a previously filed Form WV/NRW-4. UltraTax CS treats the shareholder as exempt from withholding. |
| 6 |
Composite filer
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form IT-140 NRC for participating nonresident shareholders. To complete Form IT-140 NRC, choose File > Client Properties, click the West Virginia tab, and mark the IT-140NRC Composite checkbox. |
UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen WVKSep. UltraTax CS prints the information you enter in this statement dialog in the Shareholder Worksheet statements.
Withholding information group box
If the shareholder is a trust or estate, enter the West Virginia identification number.
Enter the spouse's Social Security number, if applicable. UltraTax CS transfers this information to the West Virginia Nonresident Income Tax Agreement.
Enter the Internal Revenue Service center where the nonresident's federal return is filed. UltraTax CS transfers this information to the West Virginia Nonresident Income Tax Agreement.
Enter the mailing address for the nonresident shareholder if different from what was entered on the Shareholder tab. UltraTax CS transfers this information to the West Virginia Nonresident Income Tax Agreement.
UltraTax CS
