This version of the form is not currently in use and is provided for reference only. Download this version of Form 500 for the current year.
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.
Q: What is Form 500?
A: Form 500 is the Virginia Corporation Income Tax Return.
Q: Who needs to file Form 500?
A: All Virginia corporations are required to file Form 500.
Q: What is the purpose of Form 500?
A: Form 500 is used to report and pay Virginia corporate income taxes.
Q: When is Form 500 due?
A: Form 500 is due on the 15th day of the 4th month following the close of the tax year.
Q: What information is required on Form 500?
A: Form 500 requires information about the corporation's income, deductions, credits, and other pertinent details.
Q: Are there any penalties for late filing of Form 500?
A: Yes, there are penalties for late filing or underpayment of taxes. It is important to file and pay on time to avoid penalties.
Q: Can Form 500 be filed electronically?
A: Yes, Virginia offers electronic filing options for Form 500.
Q: Can I amend a filed Form 500?
A: Yes, if you need to make changes or corrections to a filed Form 500, you can file an amended return using Form 500X.
Form Details:
Download a fillable version of Form 500 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.