Virginia State Business Tax Extension Filing Instructions
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Last modified 3/20/2023 8:44:18 AM EST |
Added by ExpressExtension Team
The state of Virginia supports the automatic extension of time to file business income tax returns with the State. A Virginia business extension will give a corporation 6 extra months to file its return, or 30 days beyond the Federally extended deadline, whichever date is later.
Extension Form to use
There is no state-specific form to request an extension, as the state of Virginia automatically provides the extension for up to 6 months for businesses to file an income tax return with the state.
Due date to file Virginia tax Extension
| Business Type | Actual Due Date | Extension Period |
|---|---|---|
| Corporation | 15th day of the 4th month following the close of your taxable year. (April 15 for calendar year taxpayers) |
6-Month Extension |
| (Pass-Through Entity) S Corporations, Partnerships, and Limited Liability Companies |
15th day of the 4th month following the close of your taxable year. (April 15 for calendar year taxpayers) |
6-month Extension |
| Fiduciary | Fiscal year returns are due no later than the 15th day of the 4th month following the close of your taxable year. Calendar year filers must file Form 770 no later than May 1. |
6-Month Extension |
Virginia tax extension Filing Method (Paper/Electronic)
State of Virginia supports only the electronic filing method.
How to pay the state tax due?
You can make your Extension payment using any of the following options:
- Make payments online using Web upload.
- You can use ACH Credit.
- Electronic Funds Transfer
- Check/Money Order. (only after having an approved waiver from the e-filing requirement)
- If you’re a corporation, use Extension payment Form 500CP
- If you’re a Pass-through Entity, Use Form 502W, to make the withholding tax payment by the due date.
- If you’re a fiduciary failing on paper, use Virginia Automatic Extension Payment Form 770IP to make a payment
Does ExpressExtension support this State filing?
Virginia tax extensions are automatic, which means there is no application to submit.
Any Special Requirements?
The extension provisions do not apply to the payment of any tax due with your return. To avoid penalties, you must pay at least 90% of your tax liability by the original due date. Interest will apply to any balance that is not paid by the original due date. If you are unable to file your return by the due date and will owe tax, make an extension payment by the due date to avoid penalty and interest.
For more information regarding Virginia business state tax extension, click here.