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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 502
for the current year.
Form 502 Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax - Virginia
What Is Form 502?
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 502?A: Form 502 is the Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax in the state of Virginia.
Q: Who needs to file Form 502?A: Pass-through entities such as partnerships, S corporations, limited liability companies, and others that are required to file a return of income in Virginia need to file Form 502.
Q: What is the purpose of Form 502?A: The purpose of Form 502 is to report the income, deductions, and credits of pass-through entities in Virginia as well as any nonresident withholding tax.
Q: What is nonresident withholding tax?A: Nonresident withholding tax is a tax that is withheld from nonresident individuals or entities who receive income from Virginia sources.
Q: When is Form 502 due?A: Form 502 is generally due on or before the 15th day of the fourth month following the close of the taxable year.
Q: Are there any penalties for late filing of Form 502?A: Yes, there may be penalties for late filing or failure to file Form 502, so it is important to file on time.
Q: Is Form 502 required for individual taxpayers?A: No, Form 502 is specifically for pass-through entities and not for individual taxpayers.
Q: Can Form 502 be filed electronically?A: Yes, Form 502 can be filed electronically through the Virginia Department of Taxation's eForms system.
Q: Can Form 502 be amended if there are errors or changes?A: Yes, if there are errors or changes to the original Form 502, you can file an amended return using Form 502X.
Form Details:
- Released on August 1, 2020;
- The latest edition provided by the Virginia Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 502 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
Download Form 502 Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax - Virginia
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