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General Instructions

The Virginia Department of Taxation automatically grants all taxpayers a six-month extension of time to file their income tax return until November 1, 2015. No application for extension is required, however, any tentative tax due must be paid by the original due date of the return, May 1, 2015. Any tax due must be paid using Form 760IP, Automatic Extension Payment. Do not file Form 760IP if you determine that you do not owe additional tax or make your extension payment electronically or by other means.

To avoid penalties and interest, the balance due on a Virginia return must be paid by the original due date of the return. The automatic extension does not extend the time to pay your taxes. For returns that are extended, there is an extension penalty if 90% of the tax liability is not paid by the original due date. There is also a late payment penalty if the full balance due is not paid by the extended due date. There is a late filing penalty assessed on balance due returns filed after the due date or extended due date that will apply as if no extension had been granted. Interest is charged on any tax due and/or penalties.

An extension to file your return is not an extension of time to pay your taxes, and avoids a late filing penalty.

If you owe taxes, payment must be made by April 15, 2015. To avoid penalties, West Virginia requires that 90% of the total tax liability be paid by April 15, 2015.

Find out if you owe using the Virginia’s tax calculator. The tax calculator allows you to figure your tax by using your filing status and taxable income amount.

Pay your taxes online using VATAX QuickPay. Do not mail the Form 760IP if paying online.

You can also pay your taxes online at Official Payments Corporation. Visa, MasterCard, Discover Network, and American Express credit and debit cards, and other forms of payment, such as Bill Me Later® are accepted. To make a debit card payment you can use a MasterCard or Visa Debit Card or any debit card with Nyce, Pulse or Star logos. Do not mail the Form 760IP if paying online.

There is a convenience fee for this service which is paid directly to the company. The amount of the fee is based on the amount of your payment.

Pay your taxes by phone by calling Official Payments toll-free at 1-800-272-9829. This automated service is available 24 hours, 7 days a week. At the end of your call you will be given a confirmation number. Save this as proof of payment for your records.

There is a convenience fee for this service which is paid directly to the company. The amount of the fee is based on the amount of your payment.

Along with the extension form, send a check or money order in the amount of the estimated tax due made payable to Department of Taxation on or before May 1, for calendar year filers. Write your Social Security number, tax year and “VA 760IP†on your payment. Mail to:
Department of Taxation
PO Box 760
Richmond, VA 23218-0760

To avoid penalties and interest, the balance due on a Virginia return must be paid by the original due date of the return. The automatic extension does not extend the time to pay your taxes. For returns that are extended, there is an extension penalty if 90% of the tax liability is not paid by the original due date. There is also a late payment penalty if the full balance due is not paid by the extended due date. There is a late filing penalty assessed on balance due returns filed after the due date or extended due date that will apply as if no extension had been granted. Interest is charged on any tax due and/or penalties.

  • Extension Penalty: If a return is filed during the extension period but greater than 10% of the tax liability was not paid by May 1, 2015, there will be a penalty assessed of 2% per month (or fraction thereof) from the original due date until the return is filed. The extension penalty cannot exceed 12% of the tax due.
  • Late Filing Penalty: Any balance due return that is not filed by the due date or extended due date will be assessed a penalty of 6% of the tax due for any month (or fraction thereof) that the return is late, but not more than 30%. If you file your return after the extended due date, your extension will be considered void and you will be liable for the late filing penalty instead of an extension penalty.
  • Late Payment Penalty: If 90% if tax due is not paid by the original due date or the full amount of tax due is not paid by the extended due date, a penalty will be assessed of 6% of the balance due for each month (or fraction thereof) that the payment is late, but not more than 30%. For any month that the late filing penalty applies, the late payment penalty will not apply. The total of the late filing penalty and the late payment penalty cannot exceed 30%.
  • Interest: Virginia will assess interest on any balance of unpaid tax, from the due date through the date the tax is paid. Interest charges apply to any late payments including payments for returns filed on extension. Interest is assessed at the federal underpayment rate plus 2%.

Virginia does not require an extension if you do not owe or are expecting a tax refund. There is nothing to be filed at this time.

For more information, visit The Virginia Department of Taxation.