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  • 2023 Form 760c - Underpayment Of Virginia Estimated Tax By Individuals, Estates, And Trusts

Get 2023 Form 760c - Underpayment Of Virginia Estimated Tax By Individuals, Estates, And Trusts

760C2023Underpayment of Virginia Estimated Tax by Individuals, Estates, and TrustsAttach this form to Form 760, 763, 760PY or 770. Fiscal Year Filers: Enter beginning date20, ending date*VA760C123888* 20,.

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If your tax is underpaid as of any installment due date, you must file Form 760C. The form must be filed even if you are due a refund when you file your tax return.

The IRS will not charge you an underpayment penalty if: You pay at least 90% of the tax you owe for the current year, or 100% of the tax you owed for the previous tax year, or. You owe less than $1,000 in tax after subtracting withholdings and credits.

Form 760ES is used by individuals to make estimated income tax payments. Filing is required only for individuals whose income and net tax due exceed the amounts specified in Section I.

If you didn't pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underpayment of estimated tax.

If you file your provisional tax return after the deadline, SARS considers you to have submitted a 'nil' return – or one where your estimate of taxable income is actually equal to zero. Unless your actual taxable income is, in fact, zero, this will result in a 20% underestimation penalty being imposed.

Underpayment of estimated income tax An addition to tax is imposed by law if at least 90% (66 2/3% if you are a farmer, fisherman, or merchant seaman) of your total tax liability is not paid throughout the year by timely withholding and/or installments of estimated tax except in certain situations.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232