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If you didnt pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underpayment of estimated tax.
If you expect to owe over a certain amount, you must make estimated tax payments throughout the year.
It is the individual income tax return form for Virginia residents. Who needs to fill out this form? Virginia residents with taxable income must complete this form.
Im not using software. What documentation do I need to prepare my Virginia income tax return? A copy of your completed federal income tax return (Form 1040, 1040A, or 1040EZ) Any supporting federal schedules (A, C, D, E, F) Your W-2 wage forms and 1099 income forms showing Virginia tax withheld.
If the amount of income tax withheld from your salary or pension is not enough, or if you receive income such as interest, dividends, alimony, self-employment income, capital gains, prizes and awards, you may have to make estimated tax payments.
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You must pay at least 90% of your tax liability during the year by having income tax withheld and/or making timely payments of estimated tax.
S Corporations, Partnerships, and Limited Liability Companies. Every pass-through entity (PTE) that does business in Virginia or receives income from Virginia sources must file an annual Virginia income tax return on Form 502 or Form 502PTET.
At least 90% of your tax liability for the year must be paid by withholding and/or timely installment payments of estimated taxes. The due dates for Virginia Estimated tax payments are May 1, June 15, September 15, and January 15 of the following tax year.

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