PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Schedule 500EL
for the current year.
Instructions for Schedule 500EL Electric Supplier Corporation Minimum Tax and Credit Schedule - Virginia
This document contains official instructions for Schedule 500EL , Electric Supplier Corporation Minimum Tax and Credit Schedule - a form released and collected by the Virginia Department of Taxation.
FAQ
Q: What is Schedule 500EL?
A: Schedule 500EL is a tax form used in Virginia for Electric SupplierCorporation Minimum Tax and Credit.
Q: Who should fill out Schedule 500EL?
A: Electric Supplier Corporations in Virginia are required to fill out Schedule 500EL.
Q: What is the purpose of Schedule 500EL?
A: Schedule 500EL is used to calculate and report the minimum tax and credit for Electric Supplier Corporations in Virginia.
Q: What information is needed to fill out Schedule 500EL?
A: To fill out Schedule 500EL, you will need information about your Electric Supplier Corporation's income and deductions.
Q: When is the deadline to file Schedule 500EL?
A: The deadline to file Schedule 500EL is typically the same as the deadline for filing Virginia corporate income tax returns, which is the 15th day of the fourth month after the close of the taxable year.
Q: Are there any penalties for not filing Schedule 500EL?
A: Yes, failure to file Schedule 500EL or filing late may result in penalties and interest charges.
Q: Can I file Schedule 500EL electronically?
A: Yes, you can file Schedule 500EL electronically through the Virginia Department of Taxation's e-file system.
Q: Can I get an extension to file Schedule 500EL?
A: Yes, you can request an extension to file Schedule 500EL by submitting Form R-1, Application for Extension of Time to File.
Instruction Details:
- This 1-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Virginia Department of Taxation.
