Form 770ip - Virginia Fiduciary And Unified Nonresident Automatic Extension Payment Voucher

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FORM 770IP
Virginia Fiduciary and Unified Nonresident
Automatic Extension Payment Voucher
For use when filing Form 770 or Form 765
For fiscal year filers, file Form 770IP on or before the due date of
Virginia automatically grants all taxpayers a 6-month extension
your return with payment of the balance due.
of time to file their fiduciary or unified nonresident tax returns.
• For calendar year filers, the filing date is automatically extended
If the due date falls on a Saturday, Sunday or legal holiday, Form
to November 1.
770IP, with payment, may be filed on the next day that is not a
Saturday, Sunday or legal holiday.
• You are NOT required to file Form 770IP in order to obtain this
automatic extension.
Be sure to write your FEIN, taxable year and “VA 770IP” on
• An extension of time to file does NOT extend the amount of
your payment.
time you have to make your payment.
Send the completed return, with payment, to:
• You must pay any tentative tax due by May 1.
Department of Taxation
P.O. Box 760
• Penalties and interest will accrue on all late payments.
Richmond, VA 23218-0760
Purpose of Form 770IP
(804) 367-8031
Form 770IP, Automatic Fiduciary and Unified Nonresident
To file electronically use Web Upload at
Extension Payment, is a payment coupon and worksheet that
provides taxpayers who are unable to file their Fiduciary or Unified
Penalty for Failure to Timely File and Pay the Tax Due
Nonresident income tax return by May 1 a means of calculating and
Virginia law provides for an automatic 6-month filing extension,
remitting a payment to avoid penalty and interest.
but you must pay at least 90% of your tax liability by the due
date, which is May 1 for calendar year filers. If you file your
Who Must File Form 770IP
return within 6 months after the due date but do not meet the 90%
Form 770IP is required if ALL of the following apply to you:
payment requirement, the balance of tax due with your return will
1. You cannot file your fiduciary or unified nonresident income tax
be subject to an extension penalty of 2% per month, from the due
return by the due date; and
date through the date of filing, to a maximum of 12%. If you file
2. You owe tax (this is determined by completing the Tax Payment
within the extension period but do not pay the full balance of tax
Worksheet on the back of this page).
due with your return, the balance due will be subject to a late
payment penalty of 6% per month from the date of filing through
Do not file Form 770IP if you determine that you do NOT owe
the date of payment, up to a maximum of 30%. The late payment
additional tax,
penalty will be assessed in addition to any extension penalty that
Completing Form 770IP
may apply. If you file your return more than 6 months after the due
Complete the Tax Computation Worksheet on the back, then enter
date, the extension will be void and a late filing penalty of 30% will
the payment amount in the Payment Amount box on Form 770IP.
be applied to the balance of tax due with the return.
Instructions for the worksheet and the form are on the back.
Tentative Tax Computation Worksheet Instructions
If additional tax is due when you file your return, you may owe
You must refer to the income tax return you will file for the taxable
penalty and interest charges in addition to the tax.
year to compute your tentative tax on Line 1 of the Tentative Tax
When and Where to File Form 770IP
Computation Worksheet.
If you are paying with a paper check or money order, file Form
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.
Detach here and mail with your tentative tax payment. Keep the worksheet with your other tax records.
770IP
2015
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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