Form 500 2017 Virginia Corporation Income Tax Return - Virginia

Form 500 is a Virginia Department of Taxation form also known as the "Virginia Corporation Income Tax Return". The latest edition of the form was released in July 1, 2017 and is available for digital filing.

Download an up-to-date fillable Form 500 in PDF-format down below or look it up on the Virginia Department of Taxation Forms website.

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2017
Form 500
Virginia Corporation
*VACORP117888*
Department of Taxation
Income Tax Return
P.O. Box 1500
Richmond, VA 23218-1500
Attention: Return must be filed electronically. Use this form only if you have an approved waiver.
Official Use Only
FISCAL or
SHORT Year Filer: Beginning Date
, 2017; Ending Date
,
Short Year Return
Change in Accounting Period
By checking the box to the right, I (we) authorize the Department to discuss this return with the undersigned preparer. 
Check all that apply:
FEIN
Initial Filer
Name
Name Change
Mailing Address Change
Mailing Address
Physical Address Change
City or Town
State
ZIP Code
Physical Address (if different from Mailing Address)
Entity Type Code
Physical City or Town
State
ZIP Code
NAICS
Date Incorporated
State or Country of Incorporation
Description of Business Activity
Check Applicable Boxes
Final Return
Corporate Telecommunications Company
Enter amount from Form 500T, Line 7:
Final Return - Check here and applicable
Consolidated - Sch. 500AC Enclosed
.00
boxes below.
Combined - Sch. 500AC Enclosed
Noncorporate Telecommunications
Withdrawn
Company
Change in Filing Status
Check box and enter
Dissolved - No longer liable for tax.
amount from Form 500T, Line 10:
Multistate Sch. 500A Enclosed
Dissolved Date
.00
Schedule 500AB Enclosed
Merged
Electric Supplier Company
Merger Date
Nonprofit Corporation
Enter amount from Sch. 500EL, Line 7 or 14:
Merged FEIN #
.00
Enter number of affiliates ___________
S Corp Effective
Amended Return
Amended Return - Check here and
Nonrefundable or Refundable
Complete Form 500 and Schedule 500ADJ.
other applicable boxes.
Credit Change
Enclose an explanation of changes to income
Federal Audit - Enclose
Schedule 500AB Changes
and modifications.
copy of IRS final determination.
Capital Loss Carryback
DO NOT FILE THIS FORM TO CARRY BACK A
Schedule 500A Changes
Other - Enclose explanation.
NET OPERATING LOSS. File Form 500NOLD.
Schedule 500ADJ Changes
Questions and Related Information
A Have you made any payments to an affiliated corporation, a related individual, or other related entity for interest, royalties or other
expenses related to intangible property (patents, trademarks, copyrights, and similar intangible property)? If yes, complete and
enclose Schedule 500AB.
Enter Exception amount from Schedule 500AB, Line 8
A
00
.
B RESERVED FOR FUTURE USE.
B
C If a net operating loss deduction was claimed in computing federal
(1) Year of loss
taxable income on the U.S. Corporation Income Tax Return, provide
(2) Federal NOL
the requested information. If a NOL resulted from a merger, enter the
FEIN of the company generating the NOL prior to the merger date.
(3) Percent of federal
%
NOL used this year
FEIN
(If there are NOLs for more than one year, enclose a schedule for each year with the information requested in Section C.)
D If Pass-Through Entity Withholding is claimed, enter the number of Schedules
VK-1 and complete and enclose Schedule 500ADJ, Page 2.
D
E Has your federal income tax liability been redetermined with the IRS and finalized
Year     E
for any prior year(s) that has not previously been reported to the Department?
Year
If yes, provide the year(s).
Year
F Location of corporation's books
Contact for corporation's books
Contact phone number
Va. Dept. of Taxation 2601004-W Rev. 07/17
2017
Form 500
Virginia Corporation
*VACORP117888*
Department of Taxation
Income Tax Return
P.O. Box 1500
Richmond, VA 23218-1500
Attention: Return must be filed electronically. Use this form only if you have an approved waiver.
Official Use Only
FISCAL or
SHORT Year Filer: Beginning Date
, 2017; Ending Date
,
Short Year Return
Change in Accounting Period
By checking the box to the right, I (we) authorize the Department to discuss this return with the undersigned preparer. 
Check all that apply:
FEIN
Initial Filer
Name
Name Change
Mailing Address Change
Mailing Address
Physical Address Change
City or Town
State
ZIP Code
Physical Address (if different from Mailing Address)
Entity Type Code
Physical City or Town
State
ZIP Code
NAICS
Date Incorporated
State or Country of Incorporation
Description of Business Activity
Check Applicable Boxes
Final Return
Corporate Telecommunications Company
Enter amount from Form 500T, Line 7:
Final Return - Check here and applicable
Consolidated - Sch. 500AC Enclosed
.00
boxes below.
Combined - Sch. 500AC Enclosed
Noncorporate Telecommunications
Withdrawn
Company
Change in Filing Status
Check box and enter
Dissolved - No longer liable for tax.
amount from Form 500T, Line 10:
Multistate Sch. 500A Enclosed
Dissolved Date
.00
Schedule 500AB Enclosed
Merged
Electric Supplier Company
Merger Date
Nonprofit Corporation
Enter amount from Sch. 500EL, Line 7 or 14:
Merged FEIN #
.00
Enter number of affiliates ___________
S Corp Effective
Amended Return
Amended Return - Check here and
Nonrefundable or Refundable
Complete Form 500 and Schedule 500ADJ.
other applicable boxes.
Credit Change
Enclose an explanation of changes to income
Federal Audit - Enclose
Schedule 500AB Changes
and modifications.
copy of IRS final determination.
Capital Loss Carryback
DO NOT FILE THIS FORM TO CARRY BACK A
Schedule 500A Changes
Other - Enclose explanation.
NET OPERATING LOSS. File Form 500NOLD.
Schedule 500ADJ Changes
Questions and Related Information
A Have you made any payments to an affiliated corporation, a related individual, or other related entity for interest, royalties or other
expenses related to intangible property (patents, trademarks, copyrights, and similar intangible property)? If yes, complete and
enclose Schedule 500AB.
Enter Exception amount from Schedule 500AB, Line 8
A
00
.
B RESERVED FOR FUTURE USE.
B
C If a net operating loss deduction was claimed in computing federal
(1) Year of loss
taxable income on the U.S. Corporation Income Tax Return, provide
(2) Federal NOL
the requested information. If a NOL resulted from a merger, enter the
FEIN of the company generating the NOL prior to the merger date.
(3) Percent of federal
%
NOL used this year
FEIN
(If there are NOLs for more than one year, enclose a schedule for each year with the information requested in Section C.)
D If Pass-Through Entity Withholding is claimed, enter the number of Schedules
VK-1 and complete and enclose Schedule 500ADJ, Page 2.
D
E Has your federal income tax liability been redetermined with the IRS and finalized
Year     E
for any prior year(s) that has not previously been reported to the Department?
Year
If yes, provide the year(s).
Year
F Location of corporation's books
Contact for corporation's books
Contact phone number
Va. Dept. of Taxation 2601004-W Rev. 07/17
2017 Virginia
*VACORP217888*
FEIN
Form 500
Page 2
INCOME
1. Federal taxable income (from enclosed federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
.00
2. Total additions from Schedule 500ADJ, Section A, Line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
.00
3. Total (add Lines 1 and 2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
.00
4. Total subtractions from Schedule 500ADJ, Section B, Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
.00
5. Balance (subtract Line 4 from Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
.00
6. Savings and Loan Association’s Bad Debt Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . .
6.
.00
7. Virginia taxable income (subtract Line 6 from Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
.00
TAX COMPUTATION
8. Multistate Corporation - If business conducted within and without Virginia (Multistate Corporation), enclose
Schedule 500A and complete Lines 8(a) through 8(d). If entire business conducted in Virginia, skip to Line 9.
(a) Income subject to Virginia tax from Schedule 500A, Section B, Line 3(j). . . . . . . . . . . . . . . . . . . . . .
8(a)
.00
(b) Apportionment factor percentage from Schedule 500A, Section B, Line 1 or Line 2(g) . . . . . . . . . .
8(b)
%
(c) Nonapportionable investment function income from Schedule 500A, Section B, Line 3(c) . . . . . . . .
8(c)
.00
(d) Nonapportionable investment function loss from Schedule 500A, Section B, Line 3(e). . . . . . . . . . .
8(d)
.00
9. Income tax [6% of Line 7 or 6% of Line 8(a)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
.00
PAYMENTS AND CREDITS
10. Nonrefundable tax credits: Enter the amount from Schedule 500CR, Section 2, Part 1, Line 1B . . . . . .
10.
.00
11. Adjusted corporate tax (subtract Line 10 from Line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
.00
12. 2017 estimated Virginia income tax payments including overpayment credit from 2016. . . . . . . . . . . . .
12.
.00
13. Extension payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
.00
14. Refundable tax credits from Schedule 500CR, Section 4, Part 1, Line 1A
14.
.00
. . . . . . . . . . . . . . . . . . . . . . . . .
15. Pass-through entity total withholding from Schedule 500ADJ, Section D . . . . . . . . . . . . . . . . . . . . . . . .
15.
.00
16. Total payments and credits (add Lines 12 through 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16.
.00
REFUND OR TAX DUE
17. Tax owed (if Line 11 is greater than Line 16, subtract Line 16 from Line 11) . . . . . . . . . . . . . . . . . . . . . .
17.
.00
18. Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18.
.00
19. Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19.
.00
20. Additional charge from Form 500C, Line 17 (enclose Form 500C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20.
.00
21. Total due (add Lines 17 through 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21.
.00
22. Overpayment (if Line 16 is greater than Line 11, subtract Line 11 from Line 16) . . . . . . . . . . . . . . . . . . .
22.
.00
23. Amount to be credited to 2018 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23.
.00
24. Amount to be refunded (subtract Line 23 from Line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24.
.00
I, the undersigned president, vice-president, treasurer, assistant treasurer, chief accounting officer, or other officer duly authorized to act on behalf of the corporation for which
this return is made, declare under the penalties provided by law that this return (including any accompanying schedules and statements) has been examined by me and is, to
the best of my knowledge and belief, a true, correct, and complete return, made in good faith, for the taxable year stated, pursuant to the income tax laws of the Commonwealth
of Virginia. If prepared by a person other than the taxpayer, this declaration is based on all information of which he or she has any knowledge.
Date
Signature of Officer
Title
Printed Name of Officer
Phone Number
Print Preparer's Name and Firm Name
Preparer Phone Number
Date
Individual or Firm, Signature of Preparer
Address of Preparer
Preparer's FEIN, PTIN, or SSN
Approved Vendor Code
IMPORTANT: INCLUDE A COPY OF YOUR FEDERAL RETURN WITH THIS RETURN

Download Form 500 2017 Virginia Corporation Income Tax Return - Virginia

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