Form 500C Underpayment of Virginia Estimated Tax by Corporations - Virginia

What Is Form 500C?

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 500C?
A: Form 500C is the form used by corporations in Virginia to report underpayment of estimated tax.

Q: Who needs to file Form 500C?
A: Corporations in Virginia who have underpaid their estimated tax are required to file Form 500C.

Q: What is the purpose of Form 500C?
A: Form 500C is used to calculate and report the underpayment of estimated tax by corporations in Virginia.

Q: When is Form 500C due?
A: Form 500C is due on the same date as the Virginia corporate income tax return, which is generally the 15th day of the 4th month following the close of the tax year.

Q: What happens if I don't file Form 500C?
A: Failure to file Form 500C or pay the underpaid estimated tax may result in penalties and interest charges.

Q: Are there any exceptions to filing Form 500C?
A: There are certain exceptions to filing Form 500C. Consult the instructions for the form or contact the Virginia Department of Taxation for more information.