Fillable Form 500cp - Virginia Automatic Extension Payment printable pdf download

FORM 500CP

Virginia Automatic Extension Payment

Attention: Payment must be made electronically. Use this voucher only if you

have an approved waiver.

Use this voucher only if you have an approved waiver from filing electronically.

Corporation Electronic Filing Requirement

When and Where to File Form 500CP

The 2012-2014 Appropriations Act requires all corporations

If you have an approved waiver, file Form 500CP with your

to file their annual income tax returns and make all payments

payment on or before April 15, for calendar year filers, or as

electronically beginning January 1, 2013. If you are unable

soon as you realize you owe tax. For fiscal year filers, file

to file and pay electronically you may request a waiver. You

Form 500CP with your payment on or before the due date of

can obtain the waiver request form at

your return. Note: The due date for a nonprofit corporation

or by calling (804) 440-2541.

with unrelated business income is the 15th day of the sixth

month following the close of the taxable year. If the due date

To Make Your Tentative Tax Payments

falls on a Saturday, Sunday or legal holiday, file Form 500CP,

on the next business day.

The Department provides two secure online options for

submitting an extension payment: eForms and Business

Be sure to write your Federal Employer Identification

iFile. Payments are made by Debit EFT and you may

Number, tax year and “VA 500CP” on your payment.

schedule your payment for a future date. A corporation may

Send the completed Form 500CP and payment to:

also make its extension payments using an ACH Credit

Department of Taxation

transaction through its bank. Some banks may charge a fee

PO Box 1500

for this service. An Electronic Payment Guide is available on

Richmond,VA 23218-1500

our website with information on how to submit ACH Credit

If you need assistance please call (804) 367-8037.

payments to the Department.

Penalty for Failure to Timely Pay the Tax Due

Extension Payment

You are allowed an automatic six-month extension of time to

When the return has been filed during the extension period but

90% of the tax liability was not paid by the original due date,

file your corporation income tax return. This provision does

not extend the due date for payment of taxes; and you must

you will owe a penalty. The penalty is two percent per month

for each month or fraction thereof from April 15 for calendar

pay at least 90% of your tax by the original due date for filing

year filers, (due date for fiscal year filers) to the date of filing.

the return (April 15, 2013 for calendar year filers).

If the return is not filed on or before the extended due date,

Purpose of Form 500CP

the late file penalty shall apply as if no extension had been

Form 500CP is a payment coupon that can be used only if

granted.

you have an approved waiver from filing electronically. File

The daily interest on any tax due and/or applicable penalty

Form 500CP to submit your payment by check or money order.

will accrue at the rate of 2% over the federal “underpayment

rate” in accordance with Va. Code § 58.1-15 from the original

return due date until paid in full.

500CP

2012 VIRGINIA CORPORATE INCOME TAX

AUTOMATIC EXTENSION VOUCHER

(DOC ID 502)

Make your extension payment Online at

0000000000000000 5020000 000000

Check if a nonprofit corporation



For Taxable Year Ending

Federal Employer ID Number

Entity Type

Check type of return



500



500EC

MONTH

YEAR

Name of corporation

First 4 letters of corp. name

Address (Number and street)

Make check or money order payable to:

Virginia Department of Taxation.

Address continued

Tax Payment Amount

City, State and ZIP Code

•

0 0

VA DEPT OF TAXATION 2601008 (REV

8/12)

Form 500cp - Virginia Automatic Extension Payment

Related Articles

Related forms

Related Categories