23VAC10-112-21. Declarations of estimated tax; contents of declaration.
In the declaration required under 23VAC10-112-20, the individual shall state:
1. The amount which he estimates as the amount of individual income tax for which he will be liable for the taxable year;
2. The amount, if any, which he estimates will be withheld from wages for the taxable year as required by § 58.1-460 et seq. of the Code of Virginia;
3. The excess of the amount estimated under subdivision 1 of this section over the amount estimated under subdivision 2 of this section shall be considered the estimated tax for the taxable year to be paid by the individual as hereinafter provided; and
4. Such other information as may be required by the Commissioner. Form 760ES is currently in use for this purpose.
Statutory Authority
§§ 58.1-203 and 58.1-490 of the Code of Virginia.
Historical Notes
Derived from VR630-2-490.2 § 2; adopted September 19, 1984, eff. January 1, 1985; amended, eff. February 1, 1989, but retroactive in effect for taxable years beginning on and after January 1, 1987.