Schedule 500CR Credit Computation Schedule for Corporations - Virginia

What Is Schedule 500CR?

This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Schedule 500CR?
A: The Schedule 500CR is a Credit Computation Schedule for Corporations in Virginia.

Q: Who needs to file the Schedule 500CR?
A: Corporations in Virginia who are eligible for certain tax credits need to file the Schedule 500CR.

Q: What is the purpose of the Schedule 500CR?
A: The purpose of the Schedule 500CR is to calculate and claim various tax credits available to corporations in Virginia.

Q: What tax credits can be claimed on the Schedule 500CR?
A: Various tax credits, such as the Virginia Jobs Investment Program Credit and the Major Research and Development Expenses Credit, can be claimed on the Schedule 500CR.

Q: When is the deadline to file the Schedule 500CR?
A: The deadline to file the Schedule 500CR is the same as the deadline to file the Virginia corporation income tax return, which is usually the 15th day of the 5th month after the close of the taxable year.