Form 800C Underpayment of Virginia Estimated Insurance Premiums License Tax - Virginia

What Is Form 800C?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 800C?
A: Form 800C is a tax form used in Virginia to report underpayment of estimated insurance premium license tax.

Q: What is the purpose of Form 800C?
A: The purpose of Form 800C is to notify the Virginia Department of Taxation about underpayment of estimated insurance premium license tax.

Q: Who needs to file Form 800C?
A: Anyone who underpaid their estimated insurance premium license tax in Virginia needs to file Form 800C.

Q: What is the penalty for underpaying the insurance premium license tax?
A: The penalty for underpaying the insurance premium license tax in Virginia is 6% per year, compounded daily.

Q: When is the deadline to file Form 800C?
A: The deadline to file Form 800C is the same as the deadline for filing the annual insurance premium license tax return, which is usually May 1st.

Q: Are there any exceptions or exemptions for filing Form 800C?
A: There are no specific exceptions or exemptions mentioned for filing Form 800C. If you underpaid the tax, you are required to file the form.

Q: What should I do if I made an underpayment of the insurance premium license tax?
A: If you made an underpayment of the insurance premium license tax in Virginia, you should promptly file Form 800C and pay any additional tax owed.

Q: Is there any penalty for late filing of Form 800C?
A: There is no specific mention of a penalty for late filing of Form 800C. However, it is always best to file the form and pay any additional tax owed as soon as possible.