PDF
Word
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 in the state of Virginia.
Q: Who needs to file Form 502?
A: Pass-through entities such as partnerships, S corporations, limited liability companies, and others that are required to file a return of income in Virginia need to file Form 502.
Q: What is the purpose of Form 502?
A: The purpose of Form 502 is to report the income, deductions, and credits of pass-through entities in Virginia as well as any nonresident withholding tax.
Q: What is nonresident withholding tax?
A: Nonresident withholding tax is a tax that is withheld from nonresident individuals or entities who receive income from Virginia sources.
Q: When is Form 502 due?
A: Form 502 is generally due on or before the 15th day of the fourth month following the close of the taxable year.
Q: Are there any penalties for late filing of Form 502?
A: Yes, there may be penalties for late filing or failure to file Form 502, so it is important to file on time.
Q: Is Form 502 required for individual taxpayers?
A: No, Form 502 is specifically for pass-through entities and not for individual taxpayers.
Q: Can Form 502 be filed electronically?
A: Yes, Form 502 can be filed electronically through the Virginia Department of Taxation's eForms system.
Q: Can Form 502 be amended if there are errors or changes?
A: Yes, if there are errors or changes to the original Form 502, you can file an amended return using Form 502X.
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 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
1
2
