FORM 500CP
Virginia Automatic Extension Payment
Attention: All corporation tentative tax payments must now be made electronically.
Use these vouchers only if you have an approved waiver.
Corporation Electronic Filing Requirement
When and Where to File Form 500CP
All corporations are required to file their annual income
If you have an approved waiver, file Form 500CP with your
tax returns and make all payments electronically. If you
payment on or before April 15 (for calendar year filers) or as
are unable to file and pay electronically, you may request
soon as you realize you owe tax. For fiscal year filers, file
a waiver. You can obtain the waiver request form at
Form 500CP with your payment on or before the due date of
or by calling (804) 440-2541.
your return. Note: The due date for a nonprofit corporation
with unrelated business income is the 15th day of the sixth
To Make Your Tentative Tax Payments
month following the close of the taxable year. If the due date
The Department provides two secure online options for
falls on a Saturday, Sunday or legal holiday, file Form 500CP,
submitting an extension payment: eForms and Business
on the next business day.
iFile. Payments are made by Debit EFT and you may
Be sure to write your Federal Employer Identification
schedule your payment for a future date. A corporation may
Number, taxable year, and “VA 500CP” on your payment.
also make its extension payments using an ACH Credit
Send the completed Form 500CP and payment to:
transaction through its bank. Some banks may charge a fee
Department of Taxation
for this service. An Electronic Payment Guide is available
PO Box 1500
on the Department’s website with information on how to
Richmond, VA 23218-1500
submit ACH Credit payments to the Department.
If you need assistance, please call (804) 367-8037.
Extension Payment
Penalty for Failure to Timely Pay the Tax Due
You are allowed an automatic six-month extension of time to
When the return has been filed during the extension period
file your corporation income tax return. This provision does
but 90% of the tax liability was not paid by the original due
not extend the due date for payment of taxes; and you must
date, you will owe a penalty. The penalty is 2% per month for
pay at least 90% of your tax by the original due date for filing
each month or fraction thereof from the original due date to
the return (April 15, 2015 for calendar year filers).
the date of filing.
Purpose of Form 500CP
If the return is not filed on or before the extended due date,
Form 500CP is a payment coupon that can be used only if
the late file penalty shall apply as if no extension had been
you have an approved waiver from filing electronically. File
granted.
Form 500CP to submit your payment by check or money order.
The daily interest on any tax due and/or applicable penalty
will accrue at the rate of 2% over the federal “underpayment
rate” in accordance with Va. Code § 58.1-15 from the original
return due date until paid in full.
500CP
2014 Virginia Corporate Income Tax Automatic Extension Voucher
Virginia Department of Taxation
(DOC ID 502)
PO Box 1500, Richmond, VA 23218-1500
(804) 367-8037
Attention: Payment must be made electronically.
Use this voucher only if you have an approved waiver.
Check if a nonprofit corporation
0000000000000000 5020000 000000
For Taxable Year Ending
Check type of return
FEIN
Entity Type
500
500EC
MONTH
YEAR
Name of Corporation
First 4 letters of Corp. name
Make check or money order payable to:
Address (Number and street)
Virginia Department of Taxation.
Address (continued)
Tax Payment Amount
City, State, and ZIP Code
$
0 0
.
VA DEPT OF TAXATION 2601008 (REV
/14)