Form 770ip - Virginia Fiduciary And Unified Nonresident Automatic Extension Payment Voucher - 2012
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1
2FORM 770IP
Virginia Fiduciary and Unified Nonresident
Automatic Extension Payment Voucher
For use when filing Form 770 or Form 765
When and Where to File Form 770IP
Virginia automatically grants all taxpayers a six-month
extension of time to file their fiduciary or unified nonresident tax
If you are paying with a paper check or money order, file Form
returns.
770IP along with your payment on or before May 1, for calendar
year filers, or as soon as you realize you owe any additional tax.
• For calendar year filers, the filing date is automatically extended
For fiscal year filers, file Form 770IP on or before the due date of
to November 1.
your return with payment of the balance due.
• You are Not required to file Form 770IP in order to obtain this
If the due date falls on a Saturday, Sunday or legal holiday, Form
automatic extension.
770IP, with payment, may be filed on the next day that is not a
• An extension of time to file does NOt extend the amount of
Saturday, Sunday or legal holiday.
time you have to make your payment.
Be sure to write your FEIN, tax year and “VA 770IP” on your
• You must pay any tentative tax due by May 1.
payment.
• Penalties and interest will accrue on all late payments.
Send the completed return, with payment, to:
Purpose of Form 770IP
Department of taxation
Form 770IP, Automatic Fiduciary and Unified Nonresident Extension
P.O. Box 760
Payment, is a payment coupon and worksheet that provides taxpay-
Richmond, VA 23218-0760
ers who are unable to file their Fiduciary or Unified Nonresident
(804) 367-8031
income tax return by May 1 a means of calculating and remitting a
Penalty for Failure to timely File and Pay the tax Due
payment to avoid penalty and interest.
Virginia law provides for an automatic six-month filing extension,
Who Must File Form 770IP
but you must pay at least 90% of your tax liability by the due date,
Form 770IP is required if All of the following apply to you:
which is May 1 for calendar year filers. If you file your return within
6 months after the due date but do not meet the 90% payment
1. You cannot file your fiduciary or unified nonresident income tax
requirement, the balance of tax due with your return will be sub-
return by the due date; and
ject to an extension penalty of 2% per month, from the due date
2. You owe tax (this is determined by completing the tax Payment
through the date of filing, to a maximum of 12%. If you file within
Worksheet on the back of this page).
the extension period but do not pay the full balance of tax due
Do not file Form 770IP if you determine that you do NOt owe
with your return, the balance due will be subject to a late payment
additional tax, or if you make your extension payment electronically
penalty of 6% per month from the date of filing through the date
using VAtAX online for Individuals.
of payment, to a maximum of 30%. the late payment penalty will
be assessed in addition to any extension penalty that may apply.
Completing Form 770IP
If you file your return more than 6 months after the due date, the
Complete the tax Computation Worksheet on the back, then enter
extension will be void and a late filing penalty of 30% will be ap-
the payment amount in the Payment Amount box on Form 770IP.
plied to the balance of tax due with the return.
Instructions for the worksheet and the form are on the back.
If additional tax is due when you file your return, you may owe
tentative tax Computation Worksheet Instructions
penalty and interest charges in addition to the tax.
You must refer to the income tax return you will file for the tax
year to compute your tentative tax on Line 1 of the tentative tax
Computation Worksheet.
Detach here and mail with your tentative tax payment. Keep the worksheet (on the back) with your other tax records.
770IP
2012
Automatic Extension Payment
New Filer or Address Has Changed
Fiscal Year Filer. Enter Dates Below:
(Doc ID 773)
Do not file Form 770IP if no payment is due
Beginning (MM/DD/YY)
or if you make this payment electronically.
Ending
(MM/DD/YY)
0000000000 7730000 000000
Be sure to
FEIN of Estate or trust or Unified Nonresident
include payment.
Name of Estate or trust or Unified Nonresident
Name and title of Fiduciary or Unified Nonresident Representative
Payment Amount
Address (Number and Street) of Fiduciary or Unified Nonresident Representative
.00
City, State and ZIP Code
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