Fillable Form 763

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What Is a Form 763 Virginia?

The VA 763 form, officially known as the Nonresident Individual Income Tax Return Form 763, is issued by the Virginia Department of Taxation. This form is intended for nonresidents who earned income in Virginia during the tax year. If you're a nonresident with source income from Virginia, regardless of the amount, you are required to file this form. 

Importance of the Virginia form 763

When contemplating tax forms, VA form 763 is one that cannot be overlooked. It plays a central role, particularly for those nonresidents who earn income from Virginia sources. This form is essential for accurate income reporting and tax computation, ensuring that all due taxes are properly calculated and remitted.

How to Fill Out Virginia 763 Form

The existing details may seem slightly complex, but by following these guidelines, you can fill out the Virginia 763 form effectively:

  1. Start by entering your first name, middle initial, and last name in the 'Name' fields. If you file the form jointly with your spouse, fill in their name information in the 'Spouse's Name' fields.
  2. Next, input your Social Security number (SSN) in the 'Your SSN' field. In case of joint filling, add your spouse’s SSN in the 'Spouse’s SSN' field. 
  3. Proceed to the 'Current Address' section. Make sure to enter your full address, including the street, city, state, and ZIP code. 
  4. Continue to the 'Filing Status' section. From the available options, choose the one that best describes your tax situation. If you're unsure of your status, consult the IRS guidelines.
  5. The next section details the 'Exemptions'. Enter the applicable number in each box pertaining to yourself, your spouse, and your dependents.
  6. Carry on to the 'Income' section. Here, you have to provide information about your Federal Adjusted Gross Income, Virginia Adjusted Gross Income, and other financial specifics. Make sure to thoroughly read each line to correctly fill out all necessary fields. 
  7. Continue by calculating your 'Tax' in the next section. You have to subtract your deductions and exemptions from your income to calculate your taxable income.
  8. Move on to the 'Payments/Credits' section. Here, you need to provide information about your tax payments and credits. 
  9. In the 'Refund or Amount You Owe' section, calculate if you are entitled to a refund or if you owe money. Follow the instructions to calculate the amount correctly. 
  10. Finally, at the bottom of the form, sign and date it. If your spouse is filing jointly with you, they also need to sign and date here.

Pitfalls to avoid when using Virginia tax form 763

It's vital to avoid common mistakes when completing your VA form 763. Accuracy decreases your risk of triggering an audit and helps you avoid penalties or inaccuracies.

  • Always verify all data, especially your income and deductions. 
  • Use official IRS transcriptions if you're unsure about certain data.
  • Remember, if you have a tax liability, you're required to pay by May 1st of the year following the tax year. 
  • Consult with a tax professional or legal advisor if you have questions about the form.

Form Versions

2022 Form 763 (2022) Fill Out Form

Fillable online Form 763
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