Instructions for Schedule 500A Allocation and Apportionment of Income - Virginia

This document contains official instructions for Schedule 500A , Allocation and Apportionment of Income - a form released and collected by the Virginia Department of Taxation.

FAQ

Q: What is Schedule 500A?
A: Schedule 500A is a form used in Virginia to allocate and apportion income for tax purposes.

Q: Who needs to file Schedule 500A?
A: Taxpayers in Virginia who have income from multiple states or jurisdictions need to file Schedule 500A.

Q: What is the purpose of allocating and apportioning income?
A: Allocating and apportioning income ensures that each state or jurisdiction receives its fair share of tax revenue based on the taxpayer's business activities.

Q: What information is required to complete Schedule 500A?
A: The taxpayer will need to provide information on their total income, sales, property, and payroll in Virginia and in other states or jurisdictions.

Q: Are there any special rules or calculations involved in completing Schedule 500A?
A: Yes, there are specific rules and formulas outlined in the instructions for Schedule 500A that taxpayers must follow to accurately allocate and apportion their income.

Q: When is the deadline for filing Schedule 500A?
A: The deadline for filing Schedule 500A in Virginia is generally the same as the deadline for filing the state tax return, which is usually April 15th of each year.