This version of the form is not currently in use and is provided for reference only. Download this version of Form 760C for the current year.
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. Check the official instructions before completing and submitting the form.
Q: What is Form 760C?
A: Form 760C is a form used by individuals, estates, and trusts in Virginia to report and pay any underpayment of estimated tax.
Q: Who needs to file Form 760C?
A: Individuals, estates, and trusts who have underpaid their estimated tax in Virginia need to file Form 760C.
Q: What are estimated taxes?
A: Estimated taxes are periodic tax payments that individuals, estates, and trusts need to make to the Virginia Department of Taxation to cover their tax liability.
Q: How do I determine if I have underpaid my estimated tax?
A: You may have underpaid your estimated tax if the total amount of tax withheld from your income, including any estimated tax payments made, is less than 90% of the tax liability for the current tax year.
Q: When is Form 760C due?
A: Form 760C is generally due on or before the original due date of the Virginia income tax return, which is May 1st of the following tax year.
Q: What happens if I don't file Form 760C?
A: If you don't file Form 760C and pay the underpayment of estimated tax by the due date, you may be subject to penalties and interest charges.
Form Details:
Download a fillable version of Form 760C by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.