Form 502V Virginia Pass-Through Entity Tax Payment Voucher - Virginia

Form 502V or the "Virginia Pass-through Entity Tax Payment Voucher" is a form issued by the Virginia Department of Taxation.

The form was last revised in August 1, 2018 and is available for digital filing. Download an up-to-date Form 502V in PDF-format down below or look it up on the Virginia Department of Taxation Forms website.

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Virginia Pass-Through Entity Tax Payment Voucher
Pass-through entities are required to submit returns and payments electronically. Use this voucher only if you have been granted a waiver.
For details, visit the Department’s website at www.tax.virginia.gov.
How to Make Tax Payments Electronically
Preparation of Voucher
To make payments electronically, use the eForms application on
Complete the pass-through entity’s federal employer identification
the Department’s website, www.tax.virginia.gov. Select the 502V
number (FEIN), entity type, ending month and year, and name and
from the eForms list and complete the form and payment information
address information. Enter the date and telephone number.
online. You can schedule your payment for a future date.
Compute the total income amount (including additions and
A PTE may also make its tax payments using an ACH credit
subtractions) on all nonresident owners based on the best available
transaction through its bank. Some banks may charge a fee for this
information of their expected share of Virginia source income for
service. For information on how to submit ACH credit payments to
the year. Multiply the total income amount by 5% to determine
the Department, see the Electronic Payment Guide available at
the withholding tax due. Apply any tax credits available to the
www.tax.virginia.gov.
nonresident owners’ withholding tax. The remaining amount of
withholding tax is the amount due with the return. If the return is
Purpose of Form
filed after the due date, complete Form 502, Page 2 to calculate
Use Form 502V:
any penalty and interest due with the return.
To make a withholding payment when a PTE has an approved
Penalties
waiver to file on paper rather than electronically
Extension Penalty – The pass-through entity must pay at least
To pay withholding tax, penalties, and interest when payment
90% of the withholding tax due by the return due date to avoid a
is made with Form 502.
penalty. If the return is filed within the 6-month extension and less
Form 502V should only be used when sending a payment with
than 90% of the tax was paid by the original return due date, then
the return. Do not use Pass-Through Entity Payment Vouchers
the pass-through entity owes an extension penalty. The penalty is
(Form 502V and Form 502W) to make payments with the Unified
2% per month of the tax due with the return from the filing due date
Nonresident Individual Income Tax Return, Form 765.
through the date of payment, up to a maximum of 12%.
When to File
Late Filing Penalty – If the return is filed after the extended due
date, the extension is not valid, and the entity is subject to the late
The withholding tax payment is due on the due date of the PTE’s
filing penalty of 30% of the tax due or $1,200, whichever is greater.
return, regardless of whether the extension to file Form 502 is
used. For calendar year filers, the withholding tax payment is due
Late Payment Penalty – If the return is filed within the extended
on April 15, 2019.
period and full payment is not included with the return, the entity is
subject to the late payment penalty of 6% per month from the date
Where to File
the return is filed through the date of payment, up to a maximum
If you have an approved waiver, mail returns and payments to:
of 30%.
Virginia Department of Taxation
Interest
P.O. Box 1500
Interest is due on any unpaid tax at the underpayment rate under
Richmond, VA 23218-1500
IRC § 6621, plus 2%, from the due date until the tax is paid.
Questions
If you have any questions about this return, call (804) 367-8037
or write to the Virginia Department of Taxation, P.O. Box 1115,
Richmond, Virginia 23218-1115.
Detach at dotted line below. DO NOT SEND ENTIRE PAGE.
VIRGINIA PASS-THROUGH ENTITY TAX PAYMENT VOUCHER
Payment must be made electronically. Use this
FORM
voucher only if you have an approved waiver.
VIRGINIA DEPARTMENT OF TAXATION
502V
P.O. BOX 1500, RICHMOND, VA 23218-1500
FOR INFORMATION CALL (804) 367-8037
(DOC ID 532)
To receive credit for your payment in the correct taxable
year, please enter the ending month (numerical) and year.
0000000000000000 5320000 000000
0000000000000000 5320000 000000
Month Ending Year Ending
12
Calendar year:
OR;
FEIN
Entity Type
Fiscal year:
OR;
Short taxable year:
Name of Pass-Through Entity
Enclose this voucher with Form 502, with a check or
money order made payable to Virginia Department
Address (Number and Street)
of Taxation.
Address Continued
Amount of this payment
City, State, and ZIP Code
0 0
$
.
Date
Telephone Number
Virginia Pass-Through Entity Tax Payment Voucher
Pass-through entities are required to submit returns and payments electronically. Use this voucher only if you have been granted a waiver.
For details, visit the Department’s website at www.tax.virginia.gov.
How to Make Tax Payments Electronically
Preparation of Voucher
To make payments electronically, use the eForms application on
Complete the pass-through entity’s federal employer identification
the Department’s website, www.tax.virginia.gov. Select the 502V
number (FEIN), entity type, ending month and year, and name and
from the eForms list and complete the form and payment information
address information. Enter the date and telephone number.
online. You can schedule your payment for a future date.
Compute the total income amount (including additions and
A PTE may also make its tax payments using an ACH credit
subtractions) on all nonresident owners based on the best available
transaction through its bank. Some banks may charge a fee for this
information of their expected share of Virginia source income for
service. For information on how to submit ACH credit payments to
the year. Multiply the total income amount by 5% to determine
the Department, see the Electronic Payment Guide available at
the withholding tax due. Apply any tax credits available to the
www.tax.virginia.gov.
nonresident owners’ withholding tax. The remaining amount of
withholding tax is the amount due with the return. If the return is
Purpose of Form
filed after the due date, complete Form 502, Page 2 to calculate
Use Form 502V:
any penalty and interest due with the return.
To make a withholding payment when a PTE has an approved
Penalties
waiver to file on paper rather than electronically
Extension Penalty – The pass-through entity must pay at least
To pay withholding tax, penalties, and interest when payment
90% of the withholding tax due by the return due date to avoid a
is made with Form 502.
penalty. If the return is filed within the 6-month extension and less
Form 502V should only be used when sending a payment with
than 90% of the tax was paid by the original return due date, then
the return. Do not use Pass-Through Entity Payment Vouchers
the pass-through entity owes an extension penalty. The penalty is
(Form 502V and Form 502W) to make payments with the Unified
2% per month of the tax due with the return from the filing due date
Nonresident Individual Income Tax Return, Form 765.
through the date of payment, up to a maximum of 12%.
When to File
Late Filing Penalty – If the return is filed after the extended due
date, the extension is not valid, and the entity is subject to the late
The withholding tax payment is due on the due date of the PTE’s
filing penalty of 30% of the tax due or $1,200, whichever is greater.
return, regardless of whether the extension to file Form 502 is
used. For calendar year filers, the withholding tax payment is due
Late Payment Penalty – If the return is filed within the extended
on April 15, 2019.
period and full payment is not included with the return, the entity is
subject to the late payment penalty of 6% per month from the date
Where to File
the return is filed through the date of payment, up to a maximum
If you have an approved waiver, mail returns and payments to:
of 30%.
Virginia Department of Taxation
Interest
P.O. Box 1500
Interest is due on any unpaid tax at the underpayment rate under
Richmond, VA 23218-1500
IRC § 6621, plus 2%, from the due date until the tax is paid.
Questions
If you have any questions about this return, call (804) 367-8037
or write to the Virginia Department of Taxation, P.O. Box 1115,
Richmond, Virginia 23218-1115.
Detach at dotted line below. DO NOT SEND ENTIRE PAGE.
VIRGINIA PASS-THROUGH ENTITY TAX PAYMENT VOUCHER
Payment must be made electronically. Use this
FORM
voucher only if you have an approved waiver.
VIRGINIA DEPARTMENT OF TAXATION
502V
P.O. BOX 1500, RICHMOND, VA 23218-1500
FOR INFORMATION CALL (804) 367-8037
(DOC ID 532)
To receive credit for your payment in the correct taxable
year, please enter the ending month (numerical) and year.
0000000000000000 5320000 000000
0000000000000000 5320000 000000
Month Ending Year Ending
12
Calendar year:
OR;
FEIN
Entity Type
Fiscal year:
OR;
Short taxable year:
Name of Pass-Through Entity
Enclose this voucher with Form 502, with a check or
money order made payable to Virginia Department
Address (Number and Street)
of Taxation.
Address Continued
Amount of this payment
City, State, and ZIP Code
0 0
$
.
Date
Telephone Number

Download Form 502V Virginia Pass-Through Entity Tax Payment Voucher - Virginia

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