GroundRules
23VAC10-115-161: Amount of underpayment
Where this section sits in the code
- Title 23. Taxation
- Agency 10. Department of Taxation
- Chapter 115. Fiduciary Income Tax
- Part II. Fiduciary Estimated Tax
For the purpose of 23VAC10-115-160, the amount of the underpayment shall be the excess of:
1. The amount of the installment which would be required to be paid if the estimated tax were equal to 90% of the income tax, whether or not the fiduciary filed a return for such taxable year, over
2. The amount, if any, of the installment paid on or before the last date prescribed for such payment.
Collected 2026-09-14T04:54:12Z. Source file · JSON