Form 770 - Virginia Fiduciary Income Tax Return

Virginia Fiduciary Income Tax Return

770

2005

Amended Return

Fiscal Year Filers: Enter taxable year beginning

, 2005 and ending

, 20

, AND check here

Name Of Estate Or Trust

Locality

See Instructions

Name And Title Of Fiduciary

Address Of Fiduciary (Number And Street)

Check One:

Resident

Nonresident

City, Town Or Post Office

State

ZIP Code

FEIN of the Estate or Trust

Fixed Date Conformity additions or

Due May 1, 2006 -

Important: Attach A Complete Copy Of The Federal Return

subtractions? If yes, check here.

Schedule 1 — Computation Of Taxable Income And Tax Of Fiduciary

1. Federal taxable income of the estate or trust (from federal Form 1041) - OR - if nonresident,

amount on Schedule 2, Line 8 ..................................................................................................................................................... 1

2. Fiduciary’s share of Virginia modifications (Schedule 3, Line 12)

(a) if a net addition ............... 2 (a)

[2FA ___________ v 2FS ___________ v See Schedule 3 on Page 2]

(b) if a net subtraction ......... 2 (b)

3. Virginia taxable income of fiduciary [Line 1 plus Line 2(a) - OR - Line 1 minus Line 2(b)] ....................................................... 3

4. Compute tax on Virginia taxable income, using one of the lines below:

If Line 3 is $3,000 or less, the tax is 2% of Line 3;

If Line 3 is over $3,000, but not over $5,000, the tax is $60 plus 3% of the excess over $3,000;

If Line 3 is over $5,000, but not over $17,000, the tax is $120 plus 5% of the excess over $5,000; or

If Line 3 is over $17,000, the tax is $720 plus 5.75% of the excess over $17,000 ............................................................. 4

5. PAYMENTS AND CREDITS: (see instructions)

(a) Virginia income tax withheld ................................................................................................ (a)

(b) 2005 Virginia estimated tax payments (include credit from 2004) ..................................... (b)

(d) Credit for tax paid to another state from Schedule 4, Line 7 (attach other state's return) (d)

(e) Neighborhood Assistance Act Credit (attach certificate) .................................................... (e)

(f) Enterprise Zone Act Credit from Form 301, Line 32 (attach certificate and Form 301) .... (f)

(g) Credit allowable this year from Form 304 (attach certification letter) ................................ (g)

(h) Historic Rehabilitation Tax Credit (attach certificate) ......................................................... (h)

(i) Low-Income Housing Credit (attach certificate) .................................................................. (i)

(j) Line Reserved For Future Use ............................................................................................. (j)

(k) Credit for Employers of Disabled Individuals (carryover only) ........................................... (k)

(l) Worker Retraining Tax Credit ................................................................................................ (l)

(m) Qualified Equity and Subordinated Debt Investments Tax Credit ..................................... (m)

(n) i) 100% Coalfield Employment Enhancement Credit -

Schedule 306B, Line 1 ......................................................... (n)i

ii) 50% Coalfield Employment Enhancement Credit -

Schedule 306B, Line 2 ........................................................ (n)ii

iii) Full 2002 credit - From your 2005 Form 306, Line 12a ..... (n)iii

iv) Full 1996 credit - From your 2005 Form 306, Line 12b ... (n) iv

v) Full Coalfield Employment Enhancement Credit -

Add Lines (n)iii and (n)iv (attach Form 306) ..................................................................... (n)

(o)i) 2002 85% credit - From your 2005 Form 306, Line 13a ..... (o)i

ii) 1996 90% credit - From your 2005 Form 306, Line 13b .... (o)ii

iii) Excess Coalfield Employment Enhancement Credit -

Add Lines (o)i and (o)ii (attach Form 306) ........................................................................ (o)

(p) Refundable Real Property Improvement Tax Credit ............................................................ (p)

(q) Land Preservation Tax Credit (attach certificate) ................................................................ (q)

Total payments and credits [add Lines 5 (a) through 5 (q)] ........................................................................................................ 5

6. BALANCE DUE (if Line 4 is larger than Line 5, subtract Line 5 from Line 4) ........................................................................... 6

7. OVERPAYMENT (if Line 5 is larger than Line 4, subtract Line 4 from Line 5) .......................................................................... 7

8. Amount of overpayment to be CREDITED to 2006 Estimated Income Tax .............................................................................. 8

9. AMOUNT TO BE REFUNDED (subtract Line 8 from Line 7) ..................................................................................................... 9

10. Coalfield Employment Enhancement Tax Credit earned in 2005 Form 306, Line 11 (attach Form 306) ............................... 10

Check if FORM 760C (760F) is attached. Enter Amount:

For Local Use

For Office Use

Coding

LTD

v v v v v

Check here if farming, fishing or being a merchant

seaman accounts for at least two-thirds of the income.

Va. Dept. of Taxation 770 F 2601047

REV 7/05