760ip - Virginia Department Of Taxation

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2016
Virginia Automatic Extension Payment
FORM 760IP
Voucher for Individuals
File and pay your tentative tax online using the Department’s eForm or Individual Online. Payments are made
electronically and you may schedule payments to be made on a future date.
Virginia automatically grants all taxpayers a 6-month extension
When and Where to File Form 760IP
of time to file their income tax return.
The quickest and most convenient way to make payment is online
at the Department’s website:
• For calendar year filers, the filing date is automatically extended
to November 1.
If you are paying with a paper check or money order, file Form
760IP along with your payment on or before May 1, for calendar
• You are NOT required to file Form 760IP in order to obtain this
year filers, or as soon as you realize you owe any additional tax.
automatic extension.
For fiscal year filers, file Form 760IP on or before the due date of
• You must pay any tentative tax due by May 1.
your return with payment of the balance due.
• An extension of time to file does NOT extend the amount of
The 2016 Form 760IP must be postmarked by May 1, 2017, to be
time you have to make your payment.
considered timely filed.
• Penalties and interest will accrue on all late payments.
If the due date falls on a Saturday, Sunday or legal holiday,
Purpose of Form 760IP
Form 760IP, with payment, may be filed on the next day that is
Form 760IP, Automatic Extension Payment, is a payment coupon
not a Saturday, Sunday or legal holiday. Be sure to write your
and worksheet that provides taxpayers who are unable to file their
Social Security Number, taxable year and “VA 760IP” on your
individual income tax return by May 1 a means of calculating and
payment.
remitting a payment to avoid penalty and interest.
Send the completed Form 760IP, with payment, to:
Who Must File Form 760IP
Department of Taxation
Form 760IP is required if ALL of the following apply to you:
P.O. Box 760
Richmond, VA 23218-0760
1. You cannot file your individual income tax return by the due
date;
Penalty for Failure to Timely File and Pay the Tax Due
Virginia law provides for an automatic 6-month filing extension,
2. You owe tax (this is determined by completing the Tax Payment
but you must pay at least 90% of your tax liability by the due date,
Worksheet on the back of this page); and
which is May 1 for calendar year filers. If you file your return within
3. You submit your payment by paper check or money order (i.e.,
6 months after the due date but do not meet the 90% payment
you do not use any electronic means, such as eForms VATAX
requirement, the balance of tax due with your return will be subject to
Online for Individuals, to make your payment).
an extension penalty of 2% per month, from the due date through the
Estates, trusts and unified nonresident filers should use Form 770IP.
date of filing, to a maximum of 12%. If you file within the extension
Do not file Form 760IP if you determine that you do NOT owe
period but do not pay the full balance of tax due with your return,
additional tax, or you make your extension payment electronically
the balance due will be subject to a late payment penalty of 6%
per month from the date of filing through the date of payment, to
using VATAX Online for Individuals.
a maximum of 30%. The late payment penalty will be assessed in
Completing Form 760IP
addition to any extension penalty that may apply. If you file your
Complete the Tax Computation Worksheet on the back, then enter
return more than 6 months after the due date, the extension will be
the payment amount in the Payment Amount box on Form 760IP.
void and a late filing penalty of 30% will be applied to the balance
Instructions for the worksheet and the form are on the back.
of tax due with the return.
If additional tax is due when you file your return, you may owe
penalty and interest charges in addition to the tax.
Detach here and mail with your tentative tax payment. Keep the worksheet with your other tax records.
760IP
2016
Automatic Extension Payment
New Filer or Address Has Changed
Fiscal Year Filer. Enter Dates Below:
(Doc ID 763)
Do not file Form 760IP if no payment is due
Beginning (mm/dd/yy)
or if you make this payment electronically.
Ending
(mm/dd/yy)
Save the stamp.
0000000000 7630000 000000
Make your extension payment on the
Department’s website:
Your Social Security Number
Spouse’s Social Security Number
Make your check payable to the
First Name
MI Last Name
Virginia Department of Taxation
Spouse's First Name
MI Spouse's Last Name
Payment Amount
A ddress (Number and Street) of Taxpayer
00
City, State and ZIP Code

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