This version of the form is not currently in use and is provided for reference only. Download this version of Form 500HS for the current year.
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 500HS?
A: Form 500HS is a tax form used by home service contract providers in Virginia.
Q: What is a home service contract provider?
A: A home service contract provider is a company that sells contracts to provide repair, replacement, or maintenance services for household goods.
Q: What is the minimum tax computation?
A: The minimum tax computation is a calculation that determines the minimum amount of tax a home service contract provider must pay in Virginia.
Q: How is the minimum tax computed?
A: The minimum tax is computed based on the gross receipts from home service contracts sold in Virginia.
Q: Why is there a minimum tax for home service contract providers?
A: The minimum tax ensures that home service contract providers contribute to the tax revenue of the state, regardless of their income level.
Form Details:
Download a fillable version of Form 500HS by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.