This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form 500T for the current year.
This document contains official instructions for Form 500T , Telecommunications Companies Minimum Tax - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form 500T is available for download through this link.
Q: What is Form 500T?
A: Form 500T is a form for telecommunications companies to file for minimum tax in Virginia.
Q: Who needs to file Form 500T?
A: Telecommunications companies in Virginia need to file Form 500T.
Q: What is the purpose of Form 500T?
A: The purpose of Form 500T is to calculate and pay the minimum tax required for telecommunications companies in Virginia.
Q: What information is required on Form 500T?
A: Form 500T requires information such as the company's name, address, gross receipts, and calculation of minimum tax.
Q: When is Form 500T due?
A: Form 500T is due on or before May 1st of each year.
Q: Are there any penalties for late filing of Form 500T?
A: Yes, there may be penalties for late filing of Form 500T, including interest on unpaid taxes.
Q: Is there a minimum tax amount for telecommunications companies in Virginia?
A: Yes, there is a minimum tax amount for telecommunications companies in Virginia, which is calculated based on gross receipts.
Instruction Details:
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.