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Virginia Free Printable 2019 Form 770, Virginia Fiduciary Income Tax Return for 2020 Virginia 770 - VA Fiduciary Income Tax Return

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770 - VA Fiduciary Income Tax Return
2019 Form 770, Virginia Fiduciary Income Tax Return

Form 770 2019 Virginia Fiduciary Income Tax Return Enter Fiscal Year: From (if applicable) / 2019 To (mm/dd) (mm/dd/yyyy) , AND check here *VA0770119888* Name of Estate or Trust Locality Code (See Instructions) Name and Title of Fiduciary FEIN of the Estate or Trust Address of Fiduciary (Number and Street) Check all that apply: Resident Nonresident Split-Year Amended Return Exempt - Charitable Remainder Trust Grantor Trust Final Return City, Town or Post Office State ZIP Code Calendar Year Returns Due May 1, 2020 Schedule 1 — Computation of Taxable Income and Tax of Fiduciary 1. Federal taxable income of estate or trust (from federal Form 1041) - OR - if a nonresident, the amount on Schedule 2, Line 8.............................................................................. 1 .00 2. Fiduciary’s share of Virginia modifications (Schedule 3 on page 2) (a) if a net addition................... 2(a) .00 [2FA ___________ (b) if a net subtraction.............. 2(b) .00 2FS ___________ See Schedule 3 on Page 2] 3. Virginia taxable income of fiduciary. Line 1 plus Line 2(a) - OR - Line 1 minus Line 2(b)................................. .00 3 .00 4. Compute tax on Virginia taxable income. Use the tax rate schedule in the instructions................................... 4 5. PAYMENTS AND CREDITS: See instructions. (a) Virginia income tax withheld....................................................................................... (a) .00 (b) 2019 Virginia estimated tax payments. Include overpayment credit from 2018.......... (b) .00 (c) Extension payments made with Form 770IP............................................................... (c) .00 (d) Credit for tax paid to another state from Schedule 4, Line 7. Enclose other state's return........................................................................................ (d) .00 (e) Neighborhood Assistance Act Tax Credit. .................................................................. (e) .00 (f) Enterprise Zone Act Tax Credit from Form 301, Line 32. Enclose certificate and Form 301................................................................................ (f) .00 (g) Major Business Facility Job Tax Credit....................................................................... (g) .00 (h) Historic Rehabilitation Tax Credit. .............................................................................. (h) .00 (i) Reserved for future use............................................................................................... (i) (j) Barge and Rail Usage Tax Credit................................................................................. (j) .00 (k) Reserved for future use............................................................................................... (k) (l) Worker Retraining Tax Credit (only carryover credit allowed)...................................... (l) .00 (m) Qualified Equity and Subordinated Debt Investments Tax Credit...............................(m) .00 (n) i) 100% Coalfield Employment Enhancement Credit from 2019 Schedule 306B, Line 1(b)............... (n)i .00 ii) Reserved for future use.............................................. (n)ii iii) Full Coalfield Employment Enhancement Credit...... (n)iii iv) Reserved for future use............................................ (n)iv v) Reserved for future use............................................. (n)v_______________________ (o) i) 85% Coalfield Employment Enhancement Credit....... (o)i .00 .00 ii) Reserved for future use.............................................. (o)ii iii) Total Coalfield Employment Enhancement Credit - Add Lines (n)iii and (o)i. Enclose 2019 Form 306 and 2019 Form 306B.............. ......................................(o)iii .00 (p) Reserved for future use.............................................................................................. (p) (q) Land Preservation Tax Credit. .................................................................................... (q) .00 (r) Coal Employment and Production Incentive Tax Credit............................................... (r) .00 (s) Worker Training Tax Credit.......................................................................................... (s) .00 Total payments and credits. Add Lines 5(a) through 5(m) and 5(oiii) through 5(s)........................................................5 .00 6. BALANCE DUE If Line 4 is larger than Line 5, subtract Line 5 from Line 4.................................................................6 .00 7. OVERPAYMENT If Line 5 is larger than Line 4, subtract Line 4 from Line 5................................................................7 .00 8. Amount of overpayment to be CREDITED to 2020 Estimated Income Tax..................................................................8 .00 9. AMOUNT TO BE REFUNDED Subtract Line 8 from Line 7.........................................................................................9 .00 10. Coalfield Employment Enhancement Tax Credit earned in 2019 from Form 306, Line 11. Enclose Form 306...........10 .00 11. Amount from Form 760C or Form 760F. Enclose Form 760C or Form 760F.............................................................11 .00 Check here if farming, fishing or being a merchant seaman accounts for at least two-thirds of the income. Va. Dept. of Taxation 770 W 2601047 Rev. 06/19 For Local Use j LTD $ 00 *VA0770219000* Form 770 (2019), Page 2 NAME & FEIN FROM PAGE 1 Schedule 2 — Virginia Taxable Income of a Nonresident Estate or Trust Net Virginia Source Income A. Distributable B. Nondistributable 1. Income from sources within Virginia.............................................................................. 1 2. Federal deductions attributable to income from sources within Virginia....................... 2 3. Net Virginia source income. Subtract Line 2 from Line 1.............................................. 3 .00 .00 .00 .00 .00 .00 4. Virginia source income allocation schedule. When completing Column 4, multiply Line 3A above by the percentage in Column 3 below and enter the result in Column 4. Enter the amount from Line 3B above in Line 4b, Column 5. Column 1 Column 2 Federal Distributable Net Income Column 3 Column 4 Percentage Virginia Source Distributable Net Income Column 5 Virginia Source Nondistributable Net Income a. Beneficiaries (Total for all beneficiaries) .00 % .00 b. Fiduciary .00 % .00 .00 c. Total .00 100% .00 .00 5. Deduction for distributions to beneficiaries. Enter the amount in Line 4a, Column 4, or Line 4a, Column 2, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 .00 6. Fiduciary’s share of Virginia source income. Sum of Line 4b, Column 4 or Line 4b, Column 2, whichever is less, plus Line 4b, Column 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7. Exemption from federal Form 1041. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .00 8. Income taxable to fiduciary. Subtract Line 7 from Line 6. Enter here and on Schedule 1, Line 1. . . . . . . . . . . . . . . . . 8 .00 Schedule 3 — Fiduciary’s Modifications PART I — Additions to Federal Taxable Income 1. Interest on obligations of other states. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .00 2. Income taxes of this state or any other taxing jurisdiction.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .00 3. Fixed Date Conformity Additions. See instructions. Enter here and on Line 2FA of Schedule 1.. . . . . . . . . . . . . . . . . 3 .00 4. Other additions to federal taxable income as provided in the instructions. Enclose explanation.. . . . . . . . . . . . . . . . . 4 .00 5. TOTAL ADDITIONS. Add Lines 1 through 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 .00 PART II — Subtractions from Federal Taxable Income 6. Income (interest, dividends or gains) on obligations or securities of the U.S.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7. Any state income tax refund or credit that was reported as “other income” on federal Form 1041.. . . . . . . . . . . . . . . 7 .00 8. Fixed Date Conformity Subtractions. See instructions. Enter here and on Line 2FS of Schedule 1.. . . . . . . . . . . . . . 8 .00 9. Other subtractions from federal taxable income as provided in the instructions. Enclose explanation.. . . . . . . . . . . . 9 .00 10. TOTAL SUBTRACTIONS. Add Lines 6 through 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 .00 11. Net Virginia modifications. Subtract Line 10 from Line 5.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 .00 If Line 11 is a net addition, enter on Line 2(a) of Schedule 1. If Line 11 is a net subtraction, enter on Line 2(b) of Schedule 1. 12. Reserved for future use. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 chedule 4 — Computation of the Credit for Tax Paid to Another State (See Instructions) S 1. Taxable income reported on the other state’s fiduciary income tax return. Enclose a copy of the other return . . . . . . 1 .00 2. Virginia taxable income. Enter the taxable income from Schedule 1, Line 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .00 3. Total income tax paid to another state. Enter the name of the other state: _________________________.. . . . . . . . 3 .00 4. Virginia income tax. Enter the tax from Schedule 1, Line 4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 .00 5. Allowable percentage for credit. Compute to one decimal place (e.g., 10.5%). Maximum: 100% Resident estate or trust: Divide Line 1 by Line 2. Nonresident estate or trust: Divide Line 2 by Line 1. . . . . . . . . . . . 5 % 6. Resident estate or trust: Multiply Line 5 by Line 4. Nonresident estate or trust: Multiply Line 5 by Line 3.. . . . . . . . . . 6 .00 7. Allowable credit. Resident estate or trust: Enter the smaller amount from Line 3 or Line 6. Nonresident estate or trust: Enter the smaller amount from Line 4 or Line 6. Also enter this amount on Schedule 1, Line 5(d).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 I declare under the penalties provided by law that this return, including any accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is true, correct and complete. I (we) authorize the Department of Taxation to discuss this return with my (our) preparer. If yes, check here. Please Sign Here Signature of Fiduciary or Officer Representing Fiduciary Daytime Phone Number Date Daytime Phone Number Vendor Code Firm's SSN, FEIN or PTIN X Signature of Preparer Other Than Fiduciary Preparer's Use Only Date X Firm's Name (or Yours if Self-Employed) and Address .00 Form 770 (2019), Page 3 *VA0770319000* Schedule 5 - BENEFICIARY’S INFORMATION (Federal Schedule K-1 Equivalent) Beneficiary Information Estate or Trust Information Beneficiary Name Estate or Trust Name SSN/FEIN FEIN Street Address Street Address City or Town, State and ZIP Code City or Town, State and ZIP Code Enter Fiscal Year (if applicable): From Check Applicable Boxes 1. 2. 3. Federal Distributable Net Income ___________________ (mm/dd) , 2019 To ______________________________ Nonresident (mm/dd/yyyy) Final Return AND check here Amended Return (a) Distributable share item a. Federal Taxable Income..................................................................................................................... 1a b. Beneficiary’s Federal Distribution Percentage (enter the result to 6 decimal places)........................ 1b c. Estate or Trust Federal Distribution Percentage (enter the result to 6 decimal places)..................... 1c Additions a. Interest on obligations of other states................................................................................................ 2a b. Income taxes of this state or any other taxing jurisdiction.................................................................. 2b c. Fixed date conformity additions.......................................................................................................... 2c d. Other additions................................................................................................................................... 2d e. Total Additions. Add Lines 2a through 2d. ......................................................................................... 2e Subtractions a. Income (interest, dividend, or gains) on obligations or securities of the U.S...................................... 3a b. State income tax refund or credit that was reported as “other income”.............................................. 3b c. Fixed date conformity subtractions..................................................................................................... 3c d. Other subtractions.............................................................................................................................. 3d e. Total Subtractions. Add Lines 3a through 3d...................................................................................... 3e 4. Net Virginia Modifications Subtract Line 3e from Line 2e.........................................................................4 5. Credit Allocation Information 6. a. Beneficiary’s distributive share of credits........................................................................................... 5a b. Neighborhood Assistance Act Credit................................................................................................. 5b c. Enterprise Zone Act Tax Credit........................................................................................................... 5c d. Major Business Facility Job Tax Credit............................................................................................... 5d e. Historic Rehabilitation Tax Credit........................................................................................................ 5e f. Barge and Rail Usage Tax Credit........................................................................................................ 5f g. Worker Retraining Tax Credit (only carryover credit allowed)............................................................ 5g h. Qualified Equity and Subordinated Debt Investments Tax Credit....................................................... 5h i. 100% Coalfield Employment Enhancement Schedule 306B, Line 1(b).............................................. 5i j. Coalfield Employment Enhancement - Full credit............................................................................... 5j k. Coalfield Employment Enhancement - 85% credit............................................................................. 5k l. Total Coalfield Employment Enhancement Credit - Add Lines 5j and 5k............................................ 5l m. Land Preservation Tax Credit............................................................................................................ 5m n. Coal Employment and Production Incentive Tax Credit..................................................................... 5n o. Worker Training Tax Credit................................................................................................................. 5o p. Total Credits. Add Lines 5b through 5h and 5l through 5o................................................................. 5p Nonresident Beneficiary Information a. Virginia source income....................................................................................................................... 6a b. Virginia modifications as if a Virginia resident.................................................................................... 6b (b) Amount .00 % % .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 % .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 NOTICE: You have received this Schedule because the above-named Estate or Trust earned income from Virginia sources and has allocated to you a portion of that Virginia source income based on your ownership of the Estate or Trust. A copy of this schedule has been filed with the Department. Everyone who receives Virginia source income is subject to taxation by Virginia regardless of state of residency or domicile. You may be required to file a Virginia tax return even though you may be a nonresident individual or a business domiciled outside of Virginia. To determine if you are required to file a Virginia income tax return, consult a tax professional. Information and forms may be obtained at www.tax.virginia.gov, or by calling the Department at (804) 367-8031.
Extracted from PDF file 2019-virginia-form-770.pdf, last modified September 2019

More about the Virginia Form 770 Corporate Income Tax Tax Return TY 2019

We last updated the 770 - VA Fiduciary Income Tax Return in January 2020, so this is the latest version of Form 770, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 770 directly from TaxFormFinder. You can print other Virginia tax forms here.

Related Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Virginia Form 770.

Form Code Form Name
Form 770IP Virginia Fiduciary and Unified Nonresident Automatic Extension Payment
Form 770ES Virginia Estimated Income Tax Payment Vouchers For Estates, Trusts and Unified Nonresidents
Form 770ES-2017 Virginia Estimated Income Tax Payment Vouchers For Estates, Trusts and Unified Nonresidents

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form 770 from the Department of Taxation in January 2020.

Show Sources >

Form 770 is a Virginia Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Virginia Form 770

We have a total of nine past-year versions of Form 770 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 770

2019 Form 770, Virginia Fiduciary Income Tax Return

2018 Form 770

2018 Form 770, Virginia Fiduciary Income Tax Return

2017 Form 770

2017 Form 770 - Virginia Fiduciary Income Tax Return

2016 Form 770

Form 770 Virginia Fiduciary Income Tax Return

770 - VA Fiduciary Income Tax Return 2014 Form 770

770 Web 02 10 14.indd


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