Form 500ES Corporation Estimated Income Tax Payment Vouchers - Virginia

What Is Form 500ES?

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 500ES?
A: Form 500ES is the Corporation Estimated Income Tax Payment Voucher used in Virginia for making estimated tax payments.

Q: Who needs to file Form 500ES?
A: Corporations that expect to owe more than $100 in Virginia income tax for the current tax year are required to file Form 500ES.

Q: Why would a corporation need to make estimated tax payments?
A: Corporations are required to make estimated tax payments to ensure they are paying their income tax throughout the year, rather than waiting until the end of the tax year to pay it all at once.

Q: When are the estimated tax payments due?
A: Estimated tax payments for corporations are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.

Q: What information is required on Form 500ES?
A: Form 500ES requires the corporation's name, address, and employer identification number, as well as the estimated tax amount being paid.

Q: Is there a penalty for not filing Form 500ES or not making estimated tax payments?
A: Yes, if a corporation fails to file Form 500ES or fails to make timely estimated tax payments, they may be subject to penalties and interest on the unpaid tax amount.

Q: Can I make estimated tax payments by mail?
A: Yes, corporations can make estimated tax payments by mail using the payment voucher included with Form 500ES.