This is a letter written by an attorney to a bank representative providing opinion as to whether trust collateral may be used to secure a desired loan. The attorney's opinion is that the loan purpose is consistent with authorized uses within the trust, with state law, and with the trustees fiduciary obligations.
Virginia Attorney Va Form Va-5
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How to fill out Virginia Attorney Opinion Letter Regarding Revocable Living Trust?
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How Virginia Withholding Tax is Calculated If T is:W is:Not over $3,0002% of TOverBut Not OverThen$3,000$5,000$60 + (3% of excess over $3,000)$5,000$17,000$120 + (5% of excess over $5,000)1 more row
In general, an employer who pays wages to one or more employees in Virginia is required to deduct and withhold state income tax from those wages. Since Virginia law substantially conforms to federal law, if federal law requires an employer to withhold tax from any payment, we also require Virginia withholding.
Virginia law conforms to the federal definition of income subject to withholding. Virginia withholding is generally required on any payment for which federal withholding is required. This includes most wages, pensions and annuities, gambling winnings, vacation pay, bonuses, and certain expense reimbursements.
Form VA-5 - Employer's Return of Virginia Income Tax Withheld (Monthly)
Monthly Filing: If the average monthly withholding tax liability is at least $100, but less than $1,000, a monthly filing status will be assigned. Form VA-5 and full payment of the tax are due by the 25th day of the following month. A return must be filed for each month, even if there is no tax due.
