Get Fillable Online Tax Virginia Form Fwv Application For Farm ...

Filling out the Fillable Online Tax Virginia Form FWV Application For Farm Wineries and Vineyards Tax Credit can seem challenging. This guide provides a structured approach to help you navigate each section of the form with ease.

Follow the steps to complete the application accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin with Section I – Taxpayer Information. Fill in the business name, FEIN/SSN, trading as, street address, city, state, ZIP code, email address, contact name, phone number, and fax number. Be sure to check the appropriate entity type by marking one of the options provided.
3. Proceed to Section II – Business Information. Indicate whether your business qualifies as a Virginia farm winery or a Virginia vineyard by checking the corresponding box.
4. For Section III – Credit Calculation, enter the total amount of qualified capital expenditures. Remember to attach Schedule A that details each qualified expenditure along with the purchase date and supplier. Keep your receipts for your records.
5. Calculate the total credit requested by multiplying the total from Step 4 by 25%. Clearly provide this amount in the designated area.
6. In Section IV – Declaration and Signature, sign and date the form. Include your printed name, phone number, email address, and fax number.
7. Review your form carefully to ensure all information is accurate and complete. After finalizing, proceed to save changes, download, print, or share the form as needed.

Submit your completed form online to ensure timely processing and claim your credit.