West Virginia § 33-43-12 Allocation of payments

West Virginia Statutes

§ 33-43-12 — Allocation of payments

West Virginia·Ch. 33 Â INSURANCE·Art. 43 INSURANCE TAX PROCEDURES ACT

(a)Payments made by a taxpayer, other than installment payments of a tax liability which is required to be paid in installments, shall be allocated to the taxpayer's outstanding liabilities as follows:

(1)First, to any assessment which has become final;

(2)Next, to any fee which has not yet been assessed;

(3)Next, to any tax or related charge which has not yet been assessed;

(4)Finally, to any assessment which has not yet become final.

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(a) Payments made by a taxpayer, other than installment payments of a tax liability which is required to be paid in installments, shall be allocated to the taxpayer's outstanding liabilities as follows:

(1) First, to any assessment which has become final;

(2) Next, to any fee which has not yet been assessed;

(3) Next, to any tax or related charge which has not yet been assessed;

(4) Finally, to any assessment which has not yet become final.

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