Form 760c - Underpayment Of Virginia Estimated Tax By Individuals, Estates And Trusts - 2005

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UNDERPAYMENT OF VIRGINIA
*VA760C105888*
ESTIMATED TAX BY INDIVIDUALS, ESTATES AND TRUSTS
760C
2005
Attach this form to Form 760, 763, 760PY or 770
FISCAL YEAR FILERS: Enter beginning date _____________________ 20____ , ending date _____________________ 20____ , and check here
First Name, Middle Initial and Last Name (of Both if Joint) - OR - Name of Estate or Trust
Your Social Security Number or FEIN
c
If Estate or Trust, Name and Title of Fiduciary
Spouse's Social Security Number
c
Office Use SC
Office Use Payment
PART I - COMPUTE YOUR UNDERPAYMENT
1. 2005 income tax liability after Spouse Tax Adjustment and nonrefundable credits.
1.
(If $150 or less, you are not required to file Form 760C) . .
2. Enter 90% of the amount shown on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. 2004 income tax liability after Spouse Tax Adjustment and nonrefundable credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Enter the amount from line 2 or line 3, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5. Enter the number of installment periods for which you were liable to make payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
LINE 6 THROUGH 14: COMPLETE EACH LINE ACROSS ALL COLUMNS BEFORE CONTINUING TO NEXT LINE
A
B
C
D
6. Due dates of installment payments ..............................................................
May 1, 2005
June 15, 2005
Sept. 15, 2005
Jan. 15, 2006
7. Tax Liability. Divide the amount on line 4 by the number of installments
reported on line 5 and enter the result in the appropriate columns ..........
8. Enter the income tax withheld for each installment period ........................
9. Enter the overpayment credit from your 2004 income tax return ..................
10. Enter the amount of any timely payment made for each installment
period in the appropriate column. Do not enter any late payments ..........
11. Underpayment or [Overpayment]. Subtract lines 8, 9 and 10 from line 7.
(See instructions for overpayment) ...........................................................
12. OTHER PAYMENTS. Enter the payments from the Late Payment/
Overpayment Table below, beginning with the earliest payment
recorded. Do not enter more than the underpayment in any column.
AMOUNT
(a) Date of first payment
_____/____/_____ ________________
(b) Date of second payment _____/____/_____ ________________
(c) Date of third payment
_____/____/_____ ________________
(d) Date of fourth payment _____/____/_____ ________________
13. Enter the total timely payments made as of each installment due date
from lines 8, 9, 10 and 12 (for example, in Column A enter all payments
made by May 1, 2005) ..............................................................................
14. Subtract line 13 from line 7. If the sum of all underpayments (do not
include any OVERPAYMENTS) reported is $150 or less, stop here;
you are not subject to an addition to tax. If your underpayments total
more than $150, proceed to Part II. ...........................................................
CONTINUED ON BACK
LATE PAYMENT / OVERPAYMENT TABLE (see instructions for lines 11 and 12)
Date of Payment _____/____/_____ Date of Payment _____/____/_____ Date of Payment _____/____/_____ Date of Payment _____/____/_____
Payment Amount $_______________ Payment Amount $ _______________
Payment Amount $_______________ Payment Amount $_______________
VA DEPT OF TAXATION 2601033 (REV 12/05)

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