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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 500
for the current year.
Form 500 Virginia Corporation Income Tax Return - Virginia
What Is Form 500?
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 the Form 500 Virginia Corporation Income Tax Return?
A: The Form 500 Virginia Corporation Income Tax Return is a tax form used by corporations in Virginia to report their income and calculate the taxes they owe.
Q: Who needs to file the Form 500?
A: Any corporation doing business in Virginia, including both domestic corporations (incorporated in Virginia) and foreign corporations (incorporated in another state or country) with Virginia-source income, must file the Form 500.
Q: When is the Form 500 due?
A: The Form 500 is due on or before the 15th day of the 4th month following the close of the tax year. For most corporations, this means it is due on May 15th.
Q: What information is required on the Form 500?
A: The Form 500 requires information about the corporation's income, deductions, credits, and other relevant financial information. It also requires information about the corporation's business activities in Virginia.
Q: Are there any filing extensions available?
A: Yes, corporations can request an extension of time to file their Form 500. The extension must be requested before the original due date, and it generally extends the filing deadline by 6 months.
Q: Is there a penalty for late filing or failure to file?
A: Yes, there is a penalty for late filing or failure to file the Form 500. The penalty is based on the amount of tax owed and the number of months the return is late.
Form Details:
- Released on August 1, 2020;
- 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 500 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
Download Form 500 Virginia Corporation Income Tax Return - Virginia
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