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Virginia Net Operating Loss Form
Extracted from PDF file 2023-virginia-form-500nold.pdf, last modified August 2023Net Operating Loss Form
Form 500NOLD Virginia Department of Taxation P.O. Box 1500 Richmond, VA 23218-1500 2023 Corporation Application for Refund Carryback of Net Operating Loss *VANOLD123888* Enclose Copy of Federal Form 1139 Address Change Consolidated Return Combined Return Coalfield Credit Claimed 1. 2. Name FEIN Number and Street City or Town, State, and ZIP Code Year of Loss. Enter the taxable loss year in YYYY format - ex: 2022 or 2023. (Fiscal year – see instructions). . . . . . . . . . . (a) Federal NOL for year of loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 (b) Net Virginia conformity modifications (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 (c) Virginia conformity NOL available for carryback [Line 2(a) plus or minus Line 2(b)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 3. Net Virginia modifications for year of loss (exclude conformity modifications) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 4. Taxable Year to which NOL is carried (Enter in YYYY format - ex: 2020, 2021). . . . . . . . . . . . . . . 5. (a) Federal taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 (b) Net Virginia conformity modifications (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 (c) Conformity federal taxable income for Virginia purposes [Line 5(a) plus or minus Line 5(b)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 6. Virginia conformity NOL deducted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 7. Federal taxable income after federal NOL carryback [Line 5(c) minus Line 6]. . . . . . . . . . . . . . . . .00 .00 8. Line 6 divided by Line 2(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % % 9. Net Virginia modifications (additions and subtractions) as last determined for year on Line 4 (exclude conformity modifications) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 10. Line 3 times percentage on Line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 11. Amended Virginia taxable income (Add Lines 7, 9, and 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 12. Total allocable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 13. Apportionable income (Subtract Line 12 from Line 11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 14. Apportionment percentage for the year shown on Line 4 (see instructions). . . . . . . . . . . . . . . . . . % % 15. Income apportioned to Virginia (Multiply Line 13 by Line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 16. Income allocated to Virginia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 17. Add Lines 15 and 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 18. Tax (Multiply Line 11 or Line 17 by 6%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 19. (a) Nonrefundable tax credits (Enclose Schedule 500CR, corrected 500CR, or explanation). . . . .00 .00 (b) Refundable tax credits (Enclose Schedule 500CR, corrected 500CR, or explanation) . . . . . . .00 .00 (c) Total tax credits [Line 19(a) plus Line 19(b)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 Net tax [Line 18 minus Line 19(c)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 21. Tax paid for taxable year referenced on Line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 22. Refund amount (Line 21 minus Line 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 .00 2nd Preceding Year 1st Preceding Year If apportioning income (Sch. 500A filers), complete Lines 12 through 17, otherwise go to Line 18. 20. I, the undersigned president, vice-president, treasurer, assistant treasurer, chief accounting officer, or other officer duly authorized to act on behalf of the corporation for which this return is made, declare under the penalties provided by law that this return (including any accompanying schedules and statements) has been examined by me and is, to the best of my knowledge and belief, a true, correct, and complete return, made in good faith, for the taxable year stated pursuant to the income tax laws of the Commonwealth of Virginia. If prepared by a person other than the taxpayer, this declaration is based on all information of which he or she has any knowledge. By checking the box to the right, I (we) authorize the Department to discuss this return with the undersigned preparer. Date Signature of Officer Printed Name of Officer Date Individual or Firm, Signature of Preparer Print Preparer’s Name and Firm Name Preparer’s FEIN, PTIN, or SSN Approved Vendor Code Va. Dept. of Taxation 2601197-W Rev. 08/23 Address of Preparer Title Phone Number Preparer’s Phone Number
2023 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
More about the Virginia Form 500NOLD Corporate Income Tax TY 2023
We last updated the Net Operating Loss Form in January 2024, so this is the latest version of Form 500NOLD, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 500NOLD directly from TaxFormFinder. You can print other Virginia tax forms here.
Other Virginia Corporate Income Tax Forms:
TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form RR 6-2 | RR 6-2 (1601110) Class 6 - Schedule 2 - Machinery, Equipment and Apparatus, Etcetera |
| Form BRU | Application for Barge and Rail Usage Tax Credit |
| Form ITF | Application for International Trade Facility Tax Credit |
| Form GJC | GJC -Application for Green Jobs Creation Tax Credit |
| Form 770 | VA Fiduciary Income Tax Return |
View all 136 Virginia Income Tax Forms
Form Sources:
Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form 500NOLD from the Department of Taxation in January 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Virginia Form 500NOLD
We have a total of nine past-year versions of Form 500NOLD in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 500NOLD
2023 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2022 Form 500NOLD
2022 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2021 Form 500NOLD
2021 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2020 Form 500NOLD
2020 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2019 Form 500NOLD
2019 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2018 Form 500NOLD
Draft 2018 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2017 Form 500NOLD
2017 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2016 Form 500NOLD
2016 Form 500NOLD - Corporation Application for Refund Carryback of Net Operating Loss
2015 Form 500NOLD
Form 500 NOLD - 2015 Net Operating Loss Form
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