Instructions for Form 765 Unified Nonresident Individual Income Tax Return (Composite Return) - Virginia

Form 765 Unified Nonresident Individual Income Tax Return (Composite Return) - Virginia

This document contains official instructions for Form 765 , Unified Nonresident Individual Income Tax Return (Composite Return) - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form 765 is available for download through this link.

FAQ

Q: What is Form 765?
A: Form 765 is the Unified Nonresident Individual Income Tax Return (Composite Return) for the state of Virginia.

Q: Who needs to file Form 765?
A: Form 765 is filed by nonresident individuals who are part of a pass-through entity in Virginia.

Q: What is a pass-through entity?
A: A pass-through entity is a business entity that does not pay income taxes itself, but passes through its income, deductions, and credits to its owners.

Q: What information is required on Form 765?
A: Form 765 requires information about the nonresident individuals, the pass-through entity, and the income, deductions, and credits allocated to each individual.

Q: When is Form 765 due?
A: Form 765 is due on or before the 15th day of the fourth month following the close of the pass-through entity's taxable year.

Q: Are there any penalties for late filing or noncompliance?
A: Yes, there are penalties for late filing or noncompliance with the instructions for Form 765. It is important to file the form on time and accurately to avoid penalties.