2011 – Commonwealth of Virginia Department of Taxation

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FORM 500ES (2011)                                    COMMONWEALTH OF VIRGINIA
                                                   CORPORATION estimated INCOME
                                                       TAX PAYMENT VOUCHERS
                                                                                                                                                       2011
                      GENERAL INFORMATION                                                                         NEED HELP?
Businesses with an average monthly liability exceeding $20,000                                             www.tax.virginia.gov
are required by law to pay their taxes by Electronic Funds Transfer                The Tax Website has lots of information to help you with your tax
(EFT). Corporation taxes are included in this category. Taxpayers                  filing responsibilities.
who are identified as mandatory EFT filers will be notified by first                                    If you can't find what you're looking for try our Live
class mail to begin making payments by EFT. Payments required                                           Chat feature. A Tax Representative is available on-
to be made by EFT that are submitted by check are subject to Late                                       line to assist you.
Payment penalties.                                                                 e-Subscription: With our free e-Subscription service, we'll send
                                                                                   you e-mails on topics you select. You can even get reminders about
Taxpayers who do not have an average monthly liability of $20,000                  upcoming return due dates. Sign up today on our website!
may voluntarily choose to pay their corporation tax payments by
EFT. Payments are made directly to the Tax Department's bank from                  File Online: You can pay your estimated taxes on-line through iFile.
your business bank account. EFT not only saves you the cost and                    Forms Online: Virginia tax forms are available for download.
inconvenience of writing checks, but also, ensures that your return
payment will be made on time without the worry of a check being lost               Secure E-mail: Use our iFile Secure Message Center.
in the mail. For more information, call the Office of Customer                     Other Inquiries: Call 804-367-8037 or write Virginia Department
Services at (804) 367-8037.                                                        of Taxation, P.O. Box 1115, Richmond, VA 23218-1115. Do not
                                                                                   mail returns to this address.

                                                  INSTRUCTIONS FOR 2011
                                  DECLARATION OF ESTIMATED INCOME TAX FOR CORPORATIONS
1. FILING REQUIREMENTS
Every corporation subject to state income taxation must make                       filed and the number and the dollar amount of installments to be
a declaration of estimated income tax for the taxable year if the                  paid. You are not required to annualize your income if the short
corporation's state income tax for the same period, reduced by the                 taxable year does not change your accounting period.
allowable tax credits, can be expected to exceed $1,000.                           5. CONSOLIDATED OR COMBINED ESTIMATED TAX
2. WHERE TO FILE AND PAY                                                           An affiliated group filing a consolidated or combined return shall file
The declaration must be filed with the Virginia Department                         a declaration of estimated tax on the same basis as a corporation
of Taxation, P.O. Box 1500, Richmond, VA 232181500. The                            for each taxable year. A consolidated or combined return shall
declaration must be accompanied by a check or money order, made                    be considered the return of a single taxpayer for the purpose of
payable to the Virginia Department of Taxation, for the amount of                  Sections 58.1500 through 58.1504 of the Code of Virginia.
the installment due.                                                               6. FAILURE TO PAY
3. WHEN TO FILE AND PAY                                                            Underpayment of estimated income tax payments will result in an
Taxpayers filing on a fiscal year or calendar year basis should follow             addition to the tax from the due date of the install  ment until paid,
the declaration and payment schedule in the table shown below.                     or until the due date for filing the return, whichever is earlier. If the
                                                                                   corporation has an underpayment of estimated tax and believes
4. SHORT TAXABLE YEAR
                                                                                   an addition to the tax should not be assessed, Form 500C,
A declaration of estimated income tax is not required for a period                 Corporation Underpayment of Estimated Tax, must be attached to
of less than twelve months, if:                                                    the corporation's income tax return along with supporting schedules
     (a) the period is less than four months; or                                   which support the applicable exception (included in Section 58.1504
     (b) the filing requirements are first met after the first day of              (D) of the Code of Virginia).
 the last month in the short taxable year.
 Compute taxable income for the short taxable period on an annual
basis by multiplying the income amount by twelve and dividing the
result by the number of months in the short period. Refer to the
table shown below to determine the date the declaration is to be

                                                         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. 9/10
                                                                               HOW TO USE FORM 500ES
1. Complete the Estimated Tax Worksheet below to compute your estimated tax for 2011.
                                                                                 Estimated Tax Worksheet
                                                                    (This is your record  retain for your files)
    1.   Virginia net income expected in 2011.......................................................................................................................  1.   $
    2.   Estimated tax for the entire year (6% of line 1, less allowable credits). If $1,000 or less, no declaration is required.
         Enter this amount on line 1 of the voucher...............................................................................................................    2.   $
    3.   For CALENDAR year taxpayers  if first filing is on or before:
         April 15, 2011 enter 1/4 of line 2 here.
         June 15, 2011 enter 1/3 of line 2 here.
         Sept.15, 2011 enter 1/2 of line 2 here.
         Dec. 15, 2011 enter amount on line 2 here.
         For FISCAL year taxpayers  see Declaration and Payment Schedule on preceding page and enter amount here.......3.                                                  $
    4.   Amount of any 2010 OVERPAYMENT to be credited to 2011 tax............................................................................                        4.   $
    5.   Amount of this estimated tax payment (line 3 less line 4).         ........................................................................................  5.   $
2. Enter the estimated payment amount from line 5 (above), on line 2 of the first voucher.
3. The amount of SUBSEQUENT installment payments due (to be shown on line 2 of the appropriate voucher) will be the amount
 shown on line 3 (above).
4. If there is an overpayment from line 4 (above) which is larger than the first installment payment on line 3 (above), enter 0 on line 2 of
   the first voucher filed (NO PAYMENT IS DUE). If an overpayment is not deducted from the first installment payment then this amount
   can be applied toward the next installment payment due. The difference is entered on line 2 of the appropriate voucher.
5. You may elect to apply part of the OVERPAYMENT shown on line 4 (above) against an installment due. Divide the OVERPAYMENT
   by the number of installments due and deduct this amount from line 3 (above). The difference is entered on line 2 of the appropriate
   voucher.

                                                         HOW TO COMPLETE THE FORM 500ES VOUCHERS
1. Enter your Virginia account number, the ending month and year (calendar, fiscal or short taxable year) for which the estimated
 payment is made. EXAMPLE: If the ending month is March 2011, enter 03 11.
2. Enter the name, federal employer identification number, address, city, state and ZIP code on each voucher.
3. Enter on line 1 of the voucher the amount shown on line 2 of the worksheet.
4. Enter on line 2 of the voucher the amount of your payment.
5. Sign the first voucher you file and detach. You need not sign SUBSEQUENT vouchers UNLESS you are amending your estimate.
6. Attach check or money order to the voucher and mail to the Virginia Department of Taxation, P.O. Box 1500, Richmond, VA 23218
 1500. PRINT YOUR VIRGINIA ACCOUNT NUMBER ON YOUR CHECK OR MONEY ORDER. Fill in the Record of Tax Payments
   (below) for your own personal tax record.
7. For each SUBSEQUENT installment, enter your payment on line 2 of the voucher, attach your check or money order, and mail.


                                                                              HOW TO AMEND FORM 500ES
If it is necessary to amend Form 500ES, follow these steps:
1. Fill out the Amended Computation schedule below.
2. Enter the revised amounts of estimated tax and payment on the NEXT voucher due.
3. Sign the voucher, detach, and mail with required payment on or before required due date.
4. For each subsequent installment, enter your payment on line 2 of the voucher, attach your check or money order, and mail.
                                                                                          Amended Computation
                                                             (Use if estimated tax is changed after declaration has been filed.)
                                                                                                                                            Amount
                                         
                                          1. Amended estimated tax. (Enter here and on line 1 of the next
                                          voucher due.).........................................................................        $

                                          2. Less any payments made or credits applied against 2011
                                          declaration. .............................................................................    $

                                              3. Unpaid balance (line 1 less line 2).........................................           $
                                          4. Amount to be paid (line 3 divided by number of remaining
                                          installments). Enter here and on line 2 of the next
                                          voucher due............................................................................       $


                                                                2011 ESTIMATED TAX PAYMENT RECORD

                              CHECK OR MONEY OVERPAYMENT          TOTAL AMOUNT
                         DATE   ORDER NO.    AMOUNT CREDIT APPLIED    PAID
         PAYMENT MADE
         WITH DECLARATION                   $      $              $

         SECOND PAYMENT                                                                                 $                                   $                         $

         THIRD PAYMENT                                                                                  $                                   $                         $

         FOURTH PAYMENT                                                                                 $                                   $                         $

         TOTALS                                                                                         $                                   $                         $
                                                        Please cut along
                                                       dashed lines below.

                         Do not submit this entire page.


   Form 500ES                                                 Virginia Estimated Tax Declaration For Corporations                                                         VOUCHER 2
   (DOC ID 501)                                                                      Virginia Department of Taxation
                                                                               P. O. Box 1500, Richmond, VA 23218-1500
                                                                                              (804) 367-8037
                                                                                                                                                                          Quick As A Click



       0000000000000000 5010000 000000 02

   VA Account Number           35-                                                                For mo./yr. ending                                    Make your payment at www.tax.virginia.gov


 Name of corporation                                                            Federal Employer's ID Number
                                                                                                                             1. Estimated tax
   Address (Number and street)                                                                                                  for the year....... $

   Address continued                                                                                                         2. Amount of this
                                                                                                                                payment............ $                                             v
 City, State and ZIP Code
                                                                                                                                                            -- Do not write below this line. --
   I declare that this declaration has been examined by me & to the best of my knowledge & belief, it is a true, correct & complete.


   Signature                                                           Date                     Phone




   Form 500ES                                                 Virginia Estimated Tax Declaration For Corporations
                                                                                                                                                                          VOUCHER 1
   (DOC ID 501)                                                                      Virginia Department of Taxation
                                                                               P. O. Box 1500, Richmond, VA 23218-1500
                                                                                              (804) 367-8037
                                                                                                                                                                          Quick As A Click




       0000000000000000 5010000 000000 01

   VA Account Number
                               35-                                                                 For mo./yr. ending                                   Make your payment at www.tax.virginia.gov


    Name of corporation                                                         Federal Employer's ID Number
                                                                                                                             1. Estimated tax
      Address (Number and street)                                                                                               for the year....... $
   
      Address continued                                                                                                      2. Amount of this
                                                                                                                                payment............ $                                             v
    City, State and ZIP Code
   I declare that this declaration has been examined by me & to the best of my knowledge & belief, it is a true, correct & complete.                        -- Do not write below this line. --


   Signature                                                           Date                     Phone
                                                        Please cut along
                                                       dashed lines below.

                         Do not submit this entire page.


   Form 500ES                                                 Virginia Estimated Tax Declaration For Corporations                                                         VOUCHER 4
   (DOC ID 501)                                                                      Virginia Department of Taxation
                                                                               P. O. Box 1500, Richmond, VA 23218-1500
                                                                                              (804) 367-8037
                                                                                                                                                                          Quick As A Click



       0000000000000000 5010000 000000 04

   VA Account Number           35-                                                                 For mo./yr. ending                                   Make your payment at www.tax.virginia.gov


 Name of corporation                                                            Federal Employer's ID Number
                                                                                                                             1. Estimated tax
   Address (Number and street)                                                                                                  for the year....... $

   Address continued                                                                                                         2. Amount of this
                                                                                                                                payment............ $                                             v
 City, State and ZIP Code
                                                                                                                                                            -- Do not write below this line. --
   I declare that this declaration has been examined by me & to the best of my knowledge & belief, it is a true, correct & complete.


   Signature                                                           Date                     Phone




   Form 500ES                                                 Virginia Estimated Tax Declaration For Corporations
                                                                                                                                                                          VOUCHER 3
   (DOC ID 501)                                                                      Virginia Department of Taxation
                                                                               P. O. Box 1500, Richmond, VA 23218-1500
                                                                                              (804) 367-8037
                                                                                                                                                                          Quick As A Click




       0000000000000000 5010000 000000 03

   VA Account Number
                               35-                                                                 For mo./yr. ending                                   Make your payment at www.tax.virginia.gov


    Name of corporation                                                         Federal Employer's ID Number
                                                                                                                             1. Estimated tax
      Address (Number and street)                                                                                               for the year....... $
   
      Address continued                                                                                                      2. Amount of this
                                                                                                                                payment............ $                                             v
    City, State and ZIP Code
   I declare that this declaration has been examined by me & to the best of my knowledge & belief, it is a true, correct & complete.                        -- Do not write below this line. --


   Signature                                                           Date                     Phone
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