Instructions for Form 760C Underpayment of Virginia Estimated Tax by Individuals, Estates and Trusts - Virginia

Form 760C Underpayment of Virginia Estimated Tax by Individuals, Estates and Trusts - Virginia

This document contains official instructions for Form 760C , Underpayment of Virginia Estimated Tax by Individuals, Estates and Trusts - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form 760C is available for download through this link.

FAQ

Q: What is Form 760C?A: Form 760C is a form used to report underpayment of Virginia estimated tax by individuals, estates, and trusts.

Q: Who needs to fill out Form 760C?A: Individuals, estates, and trusts who have underpaid their Virginia estimated tax must fill out Form 760C.

Q: What is considered an underpayment of Virginia estimated tax?A: Underpayment of Virginia estimated tax occurs when the amount of tax paid throughout the year is less than the required amount.

Q: When is Form 760C due?A: Form 760C is generally due by the same date as your Virginia income tax return, which is May 1st.

Q: What happens if I don't file Form 760C?A: Failure to file Form 760C may result in penalties and interest on the underpaid amount.

Q: What documents do I need to complete Form 760C?A: You will need your Virginia income tax return, your federal income tax return, and any other supporting documentation related to your estimated tax payments.

Q: Can I make a payment with Form 760C?A: Yes, you can include a payment for the underpaid amount with Form 760C.