This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form 502 for the current year.
This document contains official instructions for Form 502 , Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax - a form released and collected by the Virginia Department of Taxation. An up-to-date fillable Form 502 is available for download through this link.
Q: What is Form 502?
A: Form 502 is the Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax for Virginia.
Q: Who should file Form 502?
A: Pass-through entities, such as partnerships and S corporations, that have income from Virginia sources and nonresident withholding tax should file Form 502.
Q: What is the purpose of Form 502?
A: Form 502 is used to report pass-through entity income and calculate the nonresident withholding tax liability for Virginia.
Q: When is the deadline for filing Form 502?
A: Form 502 is due on or before the 15th day of the 4th month following the close of the taxable year.
Q: Are there any penalties for late filing of Form 502?
A: Yes, penalties may apply for late filing of Form 502. It is important to file the form on time to avoid any penalties.
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.