This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Schedule 500AB for the current year.
This document contains official instructions for Schedule 500AB , Schedule of Related Entity Add Backs and Exceptions - a form released and collected by the Virginia Department of Taxation.
Q: What is Schedule 500AB?
A: Schedule 500AB is a document used in Virginia for reporting Related Entity Add Backs and Exceptions.
Q: What are Related Entity Add Backs?
A: Related Entity Add Backs are adjustments made to the income of a taxpayer to account for expenses paid to related entities.
Q: What are Exceptions?
A: Exceptions are expenses paid to related entities that may be deducted without requiring an add back.
Q: When is Schedule 500AB used?
A: Schedule 500AB is used when filing taxes in Virginia and reporting expenses paid to related entities.
Instruction Details:
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