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 to calculate and pay the underpayment penalty for Virginia estimated tax by individuals, estates, and trusts.
Q: Who needs to file Form 760C?
A: Individuals, estates, and trusts who did not pay enough estimated tax throughout the year may need to file Form 760C.
Q: What is the purpose of Form 760C?
A: The purpose of Form 760C is to calculate and pay the underpayment penalty for Virginia estimated tax.
Q: How do I fill out Form 760C?
A: To fill out Form 760C, you will need to provide information about your income, deductions, credits, and payments made towards your estimated tax.
Q: When is Form 760C due?
A: Form 760C is due on the same day as your Virginia individual income tax return, which is typically May 1st.
Q: Do I need to file Form 760C if I paid all of my estimated taxes?
A: If you paid all of your estimated taxes during the year, you do not need to file Form 760C.
Q: What happens if I do not file Form 760C?
A: If you are required to file Form 760C and fail to do so, you may be subject to penalties and interest on the underpaid estimated tax.
Q: Can Form 760C be amended?
A: No, once you have filed Form 760C, it cannot be amended. Any changes or corrections must be made on your individual income tax return.
Form Details:
Download a printable version of Form 760C by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.