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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 for the state of Virginia.
Q: Who should file Form 502?
A: Pass-through entities doing business in Virginia, including partnerships, S corporations, and limited liability companies, should file Form 502.
Q: What is the purpose of Form 502?
A: Form 502 is used to report the income, deductions, and credits of pass-through entities and to calculate any nonresident withholding tax.
Q: Do I need to file Form 502 if I don't have any income in Virginia?
A: If your pass-through entity did not have any income or activity in Virginia, you may not need to file Form 502. However, it is recommended to consult with a tax professional or the Virginia Department of Taxation to determine your filing requirements.
Q: When is the due date for filing Form 502?
A: The due date for filing Form 502 is the 15th day of the fourth month following the close of the taxable year.
Q: Are there any penalties for late filing or non-filing of Form 502?
A: Yes, there are penalties for late filing or non-filing of Form 502. It is important to file the form on time to avoid these penalties.
Form Details:
- Released on August 1, 2018;
- 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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