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Form 1040-EZ Virginia Fairfax: What You Should Know

Estimated tax payments (Eats). Virginia tax forms may provide the information required to compute Eats for individuals under the standard deduction and personal exemption. For more information see  what you need to know about filing a federal tax return to Virginia for individuals under the standard deduction and  personal exemption, see IRS Publication 542, General and Specially exemptions. Form 760PY — IRS Filing Electronic Federal Tax Return The IRS publishes Form 760PY, which is the alternative to Form 8802. For more information about this form, see IRS Publication 5635, Payment of Estimated Tax by Electronic Fund Transfer. For instructions, see IRS Publication 1822, Payments to Individuals. If you are required to file a tax return, and you have been issued a paper Form 2555, it must be completed using the information on Form 760PY. Form 5635 — How the Alternative Federal Tax System Works The U.S. Tax Reform Act of 1986 (Pub. L. 100‑690), as amended, amended the Internal Revenue Code and other Federal tax laws to: · Increase the use of alternative methods to file tax returns, · make an alternative system of accounting more transparent, · improve the reliability, simplicity, and overall efficiency of Federal tax records, and · eliminate excessive complexity and cost. · Existing tax law provisions that require payment or filing of an estimated tax amount by certain individuals, partnerships, trusts, and certain other taxable financial entities will remain in effect.

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