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Screen VAEst - Virginia Estimates (1040)

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Overview

Use this screen to complete portions of Forms 760, 760PY, and 763, as well as Form 760ES.
note
Enter state payments in a St Pmt federal screen so the amounts transfer to federal Schedule A. If you enter payments for this state in more than one of the units provided in the St Pmt federal screen, be sure to use the same fields for each unit.
For example, if you use the
Total
 field in 1 unit, use the
Total
 field for all units that pertain to Virginia. Similarly, if you use the
1st through 5th payment
 fields, enter amounts in the payment fields for all units used for Virginia.

Overpayment Application

Application of
2025
 overpayment
The code options used in this field are the same as those in UltraTax CS. They tell UltraTax CS how to apply any current-year overpayment.
New clients and converted clients can benefit from global options. Go to the
Virginia
 tab under
Setup
 and
1040 Invidual
. Select
New Client Options
 and enter the codes for newly created and converted client returns. These input screen fields transfer the global choice to newly created and converted clients. The transferred codes may be changed in these fields without being replaced by the global choice made in the
New Client Options
 window. These fields are proforma'd from year to year; therefore, only newly created and converted clients are affected by global options.

Estimates - Calculated

To have UltraTax CS calculate next year's estimated tax liability and required payments, make an entry in the
Estimates - declaration for
2026
 field.
Estimates - declaration for
2026
The codes used in this field are the same as those in UltraTax CS. They tell UltraTax CS which method to use to determine the amount of next year's estimated tax. If you enter
2
 through
8
 in the
Application of
2025
 overpayment
 field, UltraTax CS defaults to option
1
 in the
Estimates - declaration for
2026
 field. If you leave both of these fields blank, UltraTax CS doesn't generate estimate vouchers or filing instruction information.
Amounts for code 5 or 9
Use these fields to specify the estimate amounts for each quarter.
If code
5
 is selected in the
Estimate - declaration for
2026
 field, enter the quarterly payments in these fields. UltraTax CS adjusts these amounts by any overpayment applied and amount already paid, and prints these amounts on the vouchers.
If code
9
 is selected in the
Estimate - declaration for
2026
 field, enter the quarterly payments in these fields. UltraTax CS doesn't adjust these amounts by any overpayment applied or already paid, and prints these amounts on the vouchers.
Amounts for
2026
 Estimates paid
Use these fields to enter any estimate payments already made toward the next year's tax liability. These amounts are subtracted from the calculated quarterly gross estimated tax liability to determine the net voucher amounts when the
Estimate - declaration code for
2026
 is a code other than 9.
Tax projection options for code 8
If you enter code
8
, Use tax from Tax Projection Worksheet, in the
Estimates - declaration for
2026
 field, choose an option in this field to customize the tax used to calculate next year's estimates. UltraTax CS automatically adjusts the projected tax liability based on the option you select. To produce a specific refund amount, enter that amount in the
Amount of refund desired
 field.
Number of
2026
 vouchers desired
The number of estimate vouchers defaults to
4
. Enter a code in this field to specify fewer than 4 vouchers. The overpayment and amounts already paid toward next year's estimates apply to each voucher based on the overpayment code and the quarter in which the amounts were paid.
Amount to round up each estimate
This field lets you enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated.
For example, if you want to round up each estimated payment to the nearest $10, enter
10
 in this field. If you leave this field blank, UltraTax CS rounds each estimated payment up to the next dollar.
Treat 4th quarter estimate as due on 12/31/
2026
Use this field to indicate in the filing instructions that the 4th quarter estimate is due by 12/31. A global default is available for all new clients for all state returns. To select this option, select
Setup
 then
1040 Individual
. Under the
Federal
 tab, select
New Client Options
 and enter
X
 in the
Treat the 4th quarter state estimate as due on December 31st
 field.
Print voucher number one (Force)
If the Commissioner of the Revenue, Director of Finance, or Director of Tax Administration for the locality requires that the 1st voucher be filed even though the application of the prior year's overpayment covers the entire projected tax liability, mark this field to force the voucher to print. If the field is not marked, the voucher prints only if an amount is due.
1st time filing Form 760ES or address change
Mark this field if the taxpayer is filing estimates for the 1st time or the address has changed.

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