West Virginia Code Chapter 11. Taxation § 11-10-18c. Failure to file partnership return or report

(1) Fails to file such return or report at the time prescribed therefor (determined with regard to any extension of time for filing); or

(2) Files a return or report which fails to show the information required under § 11-21A-3 of this code, the partnership shall be liable for a penalty determined under § 11-10-18c(b) of this code for each month (or fraction thereof) during which such failure continues (but not to exceed 12 months), unless it is shown that such failure is due to reasonable cause.

(1) $195, multiplied by

(2) The number of persons who were partners in the partnership during any part of the taxable year.

(1) In general. -- In the case of any return required to be filed in a calendar year beginning after 2017, the $195 amount under 11-10-18c(b)(1) of this section shall be increased by such dollar amount multiplied by the cost-of-living adjustment determined under IRC § 1(f)(3) determined by substituting “calendar year 2017” for “calendar year 2016” in subparagraph (A)(ii) thereof.

(2) Rounding. -- If any amount adjusted under § 11-10-18c(e)(1) of this code is not a multiple of $5, such amount shall be rounded to the next lowest multiple of $5.