Get State Of West Virginia State Tax Department, Charitable Bingo/raffle ...

Filling out the Charitable Bingo/Raffle financial report for the State of West Virginia does not have to be overwhelming. This guide will provide you with step-by-step instructions to help you complete the form accurately and efficiently using an online format.

Follow the steps to successfully complete the financial report.

1. Click ‘Get Form’ button to access the financial report and open it for completion. Ensure you are ready with the necessary information for each section.
2. Enter your organization’s name, address, and account number. Make sure all contact details are accurate to avoid any processing delays.
3. Fill in the report period, including the start and end dates for the raffle activities. Remember, this report is due 30 days after the expiration of your license.
4. Indicate if this is an annual report by checking the appropriate box.
5. Proceed to the calculation of the ending balance section. Carefully input figures for total gross proceeds, total prizes, total raffle expenses, net profit or loss, and other relevant financial information.
6. Complete the schedules (A, B, and C) accurately. Schedule A details gross proceeds, Schedule B outlines prize payouts, and Schedule C includes raffle expenses.
7. If your total gross receipts exceed $50,000, remember that the financial return must be certified by a certified public accountant or licensed public accountant.
8. Fill in the agreement section with your name, signature, telephone number, date, and email address.
9. Complete the listing of checks paid out of the raffle checking account. Ensure all checks are detailed as required; additional sheets can be used if necessary.
10. In Schedule 1, list all winners over $100 from each raffle occasion, including their names, addresses, and the dollar amounts won.
11. Review all entered information for accuracy and completeness. Once confirmed, you can save changes, download, print, or share your completed financial report.

Complete your Charitable Bingo/Raffle financial report online today to ensure compliance and transparency.