Schedule 502ADJS Pass-Through Entity Supplemental Schedule of Adjustments - Virginia

What Is Schedule 502ADJS?

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.

FAQ

Q: What is the Schedule 502ADJS?
A: The Schedule 502ADJS is a supplemental schedule of adjustments for pass-through entities in Virginia.

Q: What is a pass-through entity?
A: A pass-through entity is a business entity, such as a partnership or S corporation, where the income is passed through to the owners and reported on their individual tax returns.

Q: What is the purpose of the Schedule 502ADJS?
A: The purpose of the Schedule 502ADJS is to report any adjustments or modifications to the federal taxable income of a pass-through entity for Virginia tax purposes.

Q: Who needs to file the Schedule 502ADJS?
A: Pass-through entities in Virginia that have adjustments or modifications to their federal taxable income for Virginia tax purposes need to file the Schedule 502ADJS.

Q: When is the deadline to file the Schedule 502ADJS?
A: The deadline to file the Schedule 502ADJS is the same as the deadline for filing the pass-through entity's Virginia income tax return, which is usually May 1st or the 15th day of the fourth month following the close of the taxable year, whichever is later.