Form 500es - Virginia Corporation Estimated Income Tax Payment Vouchers - 2015

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FORM 500ES (2015)
Commonwealth of Virginia
Corporation Estimated Income Tax Payment Vouchers
Attention: All corporation estimated income tax payments must now be made electronically.
Use these vouchers only if you have an approved waiver.
Short Taxable Year
General Information
Every corporation subject to state income taxation must make
A declaration of estimated income tax is not required for a period
a declaration of estimated income tax for the taxable year if the
of less than twelve months, if:
corporation’s state income tax for the same period, reduced by the
(a) the period is less than four months; or
allowable tax credits, can be expected to exceed $1,000.
(b) the filing requirements are first met after the first day of
the last month in the short taxable year.
Corporation Electronic Filing Requirement
Compute taxable income for the short taxable period on an annual
basis by multiplying the income amount by twelve and dividing the
All corporations are required to file their annual income tax returns
result by the number of months in the short period. Refer to the
and make all payments electronically. If you are unable to file and
table shown below to determine the date the declaration is to be
pay electronically you may request a waiver. You can obtain the
filed and the number and the dollar amount of installments to be
waiver request form at or by calling (804)
paid. You are not required to annualize your income if the short
440-2541.
taxable year does not change your accounting period.
How to Make Estimated Tax Payments Electronically
Consolidated or Combined Estimated Tax
The Department provides two secure online options for submitting
An affiliated group filing a consolidated or combined return shall file
estimated payments: eForms and Business iFile. Payments are
a declaration of estimated tax on the same basis as a corporation
made by Debit EFT and you may schedule your payment for a
for each taxable year. A consolidated or combined return shall be
future date.
considered the return of a single taxpayer for the purpose of Va.
A corporation may also make its estimated tax payments using an
Code §§ 58.1‑500 through 58.1‑504.
ACH Credit transaction through its bank. Some banks may charge
a fee for this service. An Electronic Payment Guide is available on
Failure to Pay
the Department’s website with information on how to submit ACH
Underpayment of estimated income tax payments will result in an
Credit payments to the Department.
addition to the tax from the due date of the install ment until paid,
or until the due date for filing the return, whichever is earlier. If the
How to Make Estimated Tax Payments by Mail
corporation has an underpayment of estimated tax and believes
If you have an approved waiver from the electronic payment
an addition to the tax should not be assessed, Form 500C,
requirement, use these vouchers to make your declaration. Make
Corporation Underpayment of Estimated Tax, must be attached to
check or money order payable to: Virginia Department of Taxation.
the corporation’s income tax return along with supporting schedules
Send the completed voucher and payment to:
which document the applicable exception (included in Va. Code §
58.1‑504 (D)).
Department of Taxation
PO Box 1500
Need Help?
Richmond, VA 23218-1500
Visit our website for more information:
Use our Live Chat service through our website
When to File and Pay
Call us at (804) 367-8037
Taxpayers filing on a fiscal year or calendar year basis should follow
Write to PO Box 1115, Richmond, VA 23218-1115 (Do not
the declaration and payment schedule in the table shown below.
send returns or payments to this address)
Vouchers are to be filed in numerical order beginning with Voucher
1 for the 1st quarter, Voucher 2 for the 2nd quarter, and so forth.
Declaration And Payment Schedule
The date the declaration is to be filed and the number and amount of installments to be paid is determined in accordance with the
following table.
If the requirements are first met—
The declaration shall be filed
The number
The following percentages of the estimated tax
on or before—
of installments
shall be paid on or before the 15th day of the —
to be paid is—
4th month
6th month
9th month
12th month
before the 1st day of the 4th month of
the 15th day of the 4th month
4
the taxable year
of the taxable year
25%
25%
25%
25%
after the last day of the 3rd month and
the 15th day of the 6th month
before the 1st day of the 6th month
of the taxable year
3
.......
33 1/3%
33 1/3%
33 1/3%
of the taxable year
after the last day of the 5th month and
the 15th day of the 9th month
before the 1st day of the 9th month
of the taxable year
2
......
.......
50%
50%
of the taxable year
after the last day of the 8th month and
the 15th day of the 12th month
before the 1st day of the 12th month
of the taxable year
1
......
......
......
100%
of the taxable year
VA DEPT OF TAXATION
2601010 REV. 9/14

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