Form 760Py PDF Details

Form 760Py is an important document for businesses and taxpayers in Massachusetts. This form is used to calculate the amount of business income tax owed by a company, and it is due every April 15th. Missing this deadline can result in significant penalties and interest charges. Make sure you are aware of what Form 760Py entails, and file on time! For more information, please consult the following link.

QuestionAnswer
Form NameForm 760Py
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names www.taxformfinder.orgvirginiaform-760pyVirginia Form 760PY (Part-Year Resident Individual Income Tax ...

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760PY

Virginia Part-Year Resident Income Tax Return *VA760P121888*

Form

2021

 

Page 1

Due May 1, 2022

 

See instructions before completing line items.

Dates of VA Residence

Enclose a complete copy of your federal tax return and all other required Virginia enclosures.

(mm-dd-yyyy)

YOUR First Name

MI

Your Last Name

Check if deceased

Suffix

A Your Social Security Number

You - From

You - To

SPOUSE’S First Name (filing status 2 or 4)

MI

Spouse’s Last Name Check if deceased

Suffix

B Spouse's Social Security Number

Spouse - From

Spouse - To

Present Home Address (Number and Street, or Rural Route)

City, Town or Post Office

State

ZIP Code

Locality Code

 

 

 

 

VA Driver’s License Information

 

Customer ID

You

__________________________________________

Spouse

__________________________________________

 

Issue Date (mm-dd-yyyy)

You

__________________________________________

Spouse

__________________________________________

 

Amended Return

 

 

Qualifying Farmer, Fisherman or Merchant Seaman

Combined Social Security for You and

 

 

 

Check

Reason Code

 

 

 

Spouse reported as taxable income on

Applicable

 

 

 

Earned Income Credit Claimed on federal return

Federal Return

Dependent on Another’s Return

 

Boxes

 

 

Overseas on Due Date

$ ______________________.00

$ ______________________.00

 

 

 

 

 

 

 

I/we are uninsured and authorize the sharing of certain information from Form 760PY and Schedule 760PY ADJ (as described in the instructions) with the Department of Medical Assistance Services (DMAS) for purposes of identifying persons who would like to newly enroll in medical assistance.

Filing Status Enter Filing Status Code in box below.

 

Exemptions Enter the number of exemptions being claimed.

{

1

= Single (Column A) - Federal head of household?

YES

 

You/

 

 

 

 

 

 

Spouse

Dependents 65 or Over

Blind

 

 

 

2

= Married, Filing Joint return (Column A)

 

A - You

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

= Married, Filing Separate returns (Column A)

 

Enter the numbers for both You

 

 

 

 

 

 

 

and Spouse if Filing Status 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4 = Married, Filing Separately on this combined return (Columns A and B)

 

If Filing Status 3, enter spouse's SSN in the Spouse's Social Security Number

B - Spouse

 

 

 

 

 

 

 

 

 

Filing Status 4 Only

 

 

 

 

 

 

 

 

 

box at top of form and, enter Spouse’s Name_______________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DATE OF BIRTH

 

 

 

 

 

 

 

 

 

 

 

 

-

-

 

Spouse

 

 

You

 

Your Birth Date (mm-dd-yyyy)

B

A

 

 

 

 

Filing Status 4

Include Spouse if

 

 

 

 

 

Spouse’s Birth Date (mm-dd-yyyy)

-

-

ONLY

Filing Status 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Complete the Schedule of Income first and submit it with your Form 760PY.

1FEDERAL ADJUSTED GROSS INCOME from Schedule of Income, Part 1,

 

Line 7, Column 1

1

00

00

2

Additions from Schedule 760PY ADJ, Line 3

2

 

 

 

00

00

3

Add Lines 1 and 2

3

 

 

 

00

00

4

Qualifying Age Deduction. Enter Birth Dates above. Complete Age Deduction

4a

 

 

00

 

Worksheet in instructions. Enter Spouse's Age Deduction on Line 4b, Column

 

 

 

B when using Filing Status 4 ONLY. Otherwise, claim Your Age Deduction on

 

 

 

 

 

Line 4a, Column A and Spouse's on Line 4b, Column A

4b

 

00

00

5

Social Security Act and equivalent Tier 1 Railroad Retirement Act benefits

 

 

 

 

 

reported as taxable income on federal return and attributable to your period of

5

 

00

00

 

residence in Virginia

 

 

 

 

6

State income tax refund or overpayment credit reported as income on your

 

 

 

 

 

federal return and received while a Virginia resident. Claim in the same column

6

 

00

00

 

you reported adjusted gross income on Line 1

 

 

 

 

7

Income attributable to your period of residence outside Virginia from Schedule of

7

 

00

00

 

Income, Part 1, Line 9, Column 3

 

 

 

 

 

 

8

Subtractions from Schedule 760PY ADJ, Line 7

8

 

00

00

9

Add Lines 4a, 4b, 5, 6, 7, and 8

9

 

 

 

 

00

00

10

Virginia Adjusted Gross Income (VAGI). Subtract Line 9 from Line 3

10

 

00

00

11

Itemized Deductions from Virginia Schedule A paid while a Virginia resident.

11

 

00

00

 

See Instructions

 

 

 

 

12

If you do not claim itemized deductions on Line 11, enter standard deduction

12

 

00

00

 

from Standard Deductions Worksheet in instructions

 

 

 

 

Va. Dept. of Taxation

For Local Use

2601039 Rev. 06/21

LTD

 

$_________

2021 Form 760PY Page 2

Your Name

Your SSN

 

 

*VA760P221888*

 

 

 

 

B

Spouse

 

A

You Include Spouse if

 

 

 

 

Filing Status 4 ONLY

Filing Status 2

13

Prorated exemption amount from Schedule of Income, Part 2, Line 11.

13

 

 

 

 

 

 

 

 

See instructions

 

 

 

00

 

 

00

 

 

 

 

 

 

 

14

Deductions from Schedule 760PY ADJ, Line 9

14

 

 

 

 

 

 

 

 

 

 

00

 

 

00

 

 

 

 

 

 

15

Add Lines 11, 12, 13 and 14

15

 

 

 

 

 

 

 

 

 

 

00

 

 

00

16

Virginia Taxable Income. Subtract Line 15 from Line 10

16

 

 

 

00

 

 

00

17

Tax amount from Tax Table or Tax Rate Schedule

17

 

 

 

00

 

 

00

 

 

 

 

 

 

 

Total Tax. Add Line 17, Column A and Line 17, Column B

 

 

 

 

 

 

 

18

 

 

 

18

 

 

00

19a

Your Virginia income tax withheld. Enclose copies of Forms W-2, W-2G, 1099 and VK-1

 

19a

 

 

00

 

 

 

19b

Spouse's Virginia income tax withheld. Enclose copies of Forms W-2, W-2G, 1099 and VK-1

 

19b

 

 

 

 

 

 

00

 

 

 

20

Combined 2021 Estimated Tax Payments

 

 

 

20

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

21

2020 overpayment credited to 2021 estimated taxes

 

 

 

21

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

22

Extension Payment - Enter amount paid on Form 760IP

 

 

 

22

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

23

Tax Credit for Low-Income Individuals or Virginia Earned Income Credit from Schedule 760PY ADJ, Line 17

23

 

 

 

 

 

00

 

 

 

24

Total credit for taxes paid to another state from Schedule OSC

 

 

 

24

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

25

Credits from Schedule CR, Section 5, Line 1A

 

 

 

25

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

26

Total payments and credits. Add Lines 19a through 25

 

 

 

26

 

 

 

 

 

 

 

 

00

27

. ..............................If Line 18 is larger than Line 26, enter the difference. This is the INCOME TAX YOU OWE

27

 

 

00

28

. ...........................If Line 26 is larger than Line 18, enter the difference. This is the OVERPAYMENT AMOUNT

28

 

 

00

29

Amount of overpayment on Line 28 to be CREDITED TO 2022 ESTIMATED INCOME TAX

 

29

 

 

00

 

 

 

30

Virginia529 and ABLE Contributions from Schedule VAC, Section I, Line 6

 

 

 

30

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

31

Other Voluntary Contributions from Schedule VAC, Section II, Line 14

 

 

 

31

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

32

Addition to Tax, Penalty and Interest from enclosed Schedule 760PY ADJ, Line 21

 

 

 

 

32

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

33

Sales and Use Tax is due on Internet, mail order, and out-of-state purchases (Consumer’s Use Tax).

33

 

 

 

 

 

 

 

See instructions. ................................Check here if no sales and use tax is due

 

 

 

 

 

00

 

 

 

 

 

 

 

34

Add Lines 29 through 33

 

 

 

34

 

 

 

 

 

 

 

 

00

35

If you owe tax on Line 27, add Lines 27 and 34 - OR - If Line 28 is an overpayment and Line 34 is larger than

 

 

 

 

 

Line 28, enter the difference. Enclose payment or pay at www.tax.virginia.gov

AMOUNT YOU OWE ..

35

 

 

 

 

Check here if paying by credit or debit card - See instructions

 

 

 

 

 

 

00

36

If Line 28 is larger than Line 34, subtract Line 34 from Line 28

 

YOUR REFUND

36

 

 

 

 

 

 

00

If the Direct Deposit section below is not completed, your refund will be issued by check.

DIRECT BANK DEPOSIT

Your Bank Routing Transit Number

Your Bank Account Number

Checking

Domestic Accounts Only.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No International Deposits.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Savings

I (We) authorize the Department of Taxation to discuss this return with my (our) preparer.

I agree to obtain my Form 1099-G at www.tax.virginia.gov.

I (We), the undersigned, declare under penalty of law that I (we) have examined this return and to the best of my (our) knowledge, it is a true, correct and complete return.

Your Signature

Your Phone Number

 

Date

 

 

 

 

 

 

Spouse’s Signature (If a joint return, both must sign)

Spouse’s Phone Number

Date

 

 

 

 

 

 

Preparer’s Name

Preparer’s Phone Number

Date

 

 

 

 

 

 

Firm’s Name (or Yours if Self-Employed)

Preparer’s PTIN

Vendor Code

Filing Election Code

ID Theft PIN

 

 

 

 

 

How to Edit Form 760Py Online for Free

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This PDF form will need particular data to be typed in, hence you must take the time to provide what's requested:

1. Whenever submitting the Form 760Py, make sure to complete all of the essential blanks within its corresponding form section. This will help hasten the process, allowing your information to be processed efficiently and correctly.

Filling in segment 1 of Form 760Py

2. Given that the previous part is finished, you need to add the required specifics in DATE OF BIRTH, If Filing Status enter spouses, Your Birth Date mmddyyyy, Spouses Birth Date mmddyyyy, Complete the Schedule of Income, FEDERAL ADJUSTED GROSS INCOME, Line Column, Additions from Schedule PY ADJ, Add Lines and Qualifying Age, Social Security Act and, State income tax refund or, Income attributable to your, Income Part Line Column, Filing Status Only, and B Spouse so that you can go further.

How you can fill out Form 760Py step 2

3. This 3rd section is relatively easy, Subtractions from Schedule PY ADJ, Add Lines a b and, Virginia Adjusted Gross Income, Itemized Deductions from Virginia, See Instructions, If you do not claim itemized, from Standard Deductions Worksheet, Va Dept of Taxation Rev, For Local Use, and LTD - all these empty fields is required to be completed here.

Part number 3 for completing Form 760Py

4. The next section needs your information in the subsequent places: Form PY Page, Your Name, Your SSN, VAP, Spouse, Filing Status ONLY A You Include, Filing Status, Prorated exemption amount from, See instructions, Deductions from Schedule PY ADJ, Add Lines and, Virginia Taxable Income Subtract, Tax amount from Tax Table or Tax, Total Tax Add Line Column A and, and a Your Virginia income tax. Remember to fill in all of the requested information to go onward.

Stage number 4 for completing Form 760Py

You can potentially make errors while filling in the VAP, hence be sure you go through it again before you'll send it in.

5. Lastly, the following last segment is what you will need to wrap up prior to submitting the form. The blank fields in question include the next: Tax Credit for LowIncome, Total credit for taxes paid to, Credits from Schedule CR Section, Total payments and credits Add, If Line is larger than Line, If Line is larger than Line, Amount of overpayment on Line to, Virginia and ABLE Contributions, Other Voluntary Contributions, Addition to Tax Penalty and, See instructions Enclose C or F, Sales and Use Tax is due on, See instructions Check here if no, Add Lines through If you owe, and DIRECT BANK DEPOSIT Domestic.

Virginia and ABLE Contributions, If Line  is larger than Line, and Credits from Schedule CR Section in Form 760Py

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