Looking for a Virginia Tax Forms And Templates? Download it for free!

Form 760c - Underpayment Of Virginia Estimated Tax By Individuals, Estates And Trusts - 2008 Page 3

760C - 2008



Page 3

Your Name - OR - Name of Estate or Trust

Your Social Security Number or FEIN

Part III - Compute the Addition to Tax

If an exception has been met (Part II) for any installment period, complete the column for that period as follows: write "Exception" and the exception

number (1, 2, 3, or 4) on Line 20; skip Lines 21 through 23; and enter "0" on Line 24. For all other periods, complete each line as instructed below.

May 1, 2008

June 15, 2008

Sept. 15, 2008

Jan. 15, 2009

20. Amount of Underpayment From Line 14, Part I

21. Date of Payment From Line 12, Part I

(If no payments were entered on Line 12, enter the actual date of

payment or May 1, 2009, whichever is earlier.)

22. a. Number of Days After Installment Due Date Through Date Paid or

June 30, 2008, Whichever Is Earlier

(If June 30, 2008, is earlier, enter 60 & 15 respectively.)

b. Number of Days After June 30, 2008, (September 15, 2008 for 3rd

installment) through Date Paid or September 30, 2008, Whichever Is

Earlier (If September 30, 2008, is earlier, enter 92, 92 and 15.)

c. Number of Days After September 30, 2008, through Date Paid or

December 31, 2008, Whichever Is Earlier

(If December 31, 2008, is earlier, enter 92, 92 and 92.)

d. Number of Days After December 31, 2008, (January 15, 2009 for 4th

installment) through Date Paid or May 1, 2009, Whichever Is Earlier

(If May 1, 2009, is earlier, enter 121, 121, 121 and 106.)

23. a. Multiply the Number of Days in Each Column on Line 22a by the

Daily Rate .00022 (8% Per Annum)

b. Multiply the Number of Days in Each Column on Line 22b by the

Daily Rate .00019 (7% Per Annum)

c. Multiply the Number of Days in Each Column on Line 22c by the

Daily Rate .00022 (8% Per Annum)

d. Multiply the Number of Days in Each Column on Line 22d by the

Daily Rate .00019 (7% Per Annum)

e. Add Lines 23a, thru 23d in Each Column and Enter the Total Here

24. Multiply the Amount on Line 20 by Line 23e for Each Column

25. Addition to Tax

(Total the amounts on Line 24. Enter here and on the "Addition to Tax" line on your

income tax return.)

Form 760c - Underpayment Of Virginia Estimated Tax By Individuals, Estates And Trusts - 2008 Page 3

Related Articles

Related forms

Related Categories