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 is required 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: The purpose of Form 500C is to calculate and report the amount of underpayment of estimated tax by corporations in Virginia.

Q: When is Form 500C due?
A: Form 500C is due on or before the original due date of the Virginia corporate income tax return.

Q: Is there a penalty for underpayment of estimated tax in Virginia?
A: Yes, there may be penalties for underpayment of estimated tax in Virginia. The amount of the penalty depends on the amount of the underpayment and the length of time the underpayment is outstanding.

Q: Are there any exceptions or credits available for underpayment of estimated tax in Virginia?
A: Yes, there may be exceptions or credits available for underpayment of estimated tax in Virginia. Consult the instructions for Form 500C for more information.