Instructions for Form 500 Virginia Corporation Income Tax Return - Virginia

Form 500 Virginia Corporation Income Tax Return - Virginia

This document contains official instructions for Form 500 , Virginia Corporation Income Tax Return - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form 500 is available for download through this link.

FAQ

Q: What is Form 500?A: Form 500 is the Virginia Corporation Income Tax Return.

Q: Who is required to file Form 500?A: All corporations doing business in Virginia or receiving income from Virginia sources are required to file Form 500.

Q: What information is required to complete Form 500?A: Information such as the corporation's name, address, federal employer identification number (FEIN), and details of income, expenses, and deductions are required to complete Form 500.

Q: When is the due date for filing Form 500?A: The due date for filing Form 500 is generally the 15th day of the fourth month following the close of the corporation's fiscal year.

Q: Are there any penalties for late filing of Form 500?A: Yes, there are penalties for late filing, which may include interest and additional fees.

Q: Are there any payment options for taxes owed with Form 500?A: Yes, there are various payment options available, including electronic payment, check, or money order.

Q: Can I amend a filed Form 500?A: Yes, a filed Form 500 can be amended by filing Form 500X, Amended Corporation Income Tax Return.