Virginia 502V - Pass-Through Entity Tax Payment Voucher

502V - Pass-Through Entity Tax Payment Voucher
2023 Form 502V - Virginia Pass-Through Entity Tax Payment Voucher
Virginia
Form 502V

2023

Virginia Pass-Through Entity
Tax Payment Voucher
Pass-through entities are required to submit returns and payments electronically.
Use this voucher only if you have been granted a waiver.
For details, visit the Department’s website at www.tax.virginia.gov.

How to Make Tax Payments Electronically
To make payments electronically, use the eForms application
on the Department’s website, www.tax.virginia.gov. Select
the 502V from the eForms list and complete the form and
payment information online. You can schedule your payment
for a future date.
A PTE may also make its tax payments using an ACH credit
transaction through its bank. Some banks may charge a fee
for this service. For information on how to submit ACH credit
payments to the Department, see the Electronic Payment
Guide available at www.tax.virginia.gov.

Purpose of Form

extension to file Form 502 is used. For calendar year filers,
the withholding tax payment is due on April 15, 2024. When
the last day on which a tax return may be filed or a tax may
be paid falls on a Saturday, Sunday, or legal holiday, you
may file and make payment without penalty or interest on
the next succeeding business day.

Where to File
If you have an approved waiver, mail returns and payments to:
Virginia Department of Taxation
P.O. Box 1500
Richmond, VA 23218-1500

Questions

Use Form 502V:
•	

To make a withholding payment when a PTE has an
approved waiver to file on paper rather than electronically.

•	

To pay withholding tax, penalties, and interest when
payment is made with Form 502.

Form 502V should only be used when sending a payment
with the return (Forms 502). Do not use Pass-Through Entity
Payment Vouchers (Form 502V and Form 502W) to make
payments with the Unified Nonresident Individual Income
Tax Return, Form 765.

When to File
Form 502 Filers: The withholding tax payment is due on
the due date of the PTE’s return, regardless of whether the

If you have any questions about this return, call (804) 3678037 or write to the Virginia Department of Taxation, P.O.
Box 1115, Richmond, Virginia 23218-1115.

Preparation of Voucher
Complete the pass-through entity’s federal employer
identification number (FEIN), entity type, ending month and
year, and name and address information. Enter the date and
telephone number.
Compute the total income amount (including additions and
subtractions) on all nonresident owners based on the best
available information of their expected share of Virginia
source income for the year. Multiply the total income amount
by 5% to determine the withholding tax due. Apply any tax
credits available to the nonresident owners’ withholding tax.

Detach at dotted line below. DO NOT SEND ENTIRE PAGE.

FORM 502V

VIRGINIA PASS-THROUGH ENTITY TAX PAYMENT VOUCHER

(DOC ID 532)

VIRGINIA DEPARTMENT OF TAXATION
P.O. BOX 1500, RICHMOND, VA 23218-1500
FOR INFORMATION CALL (804) 367-8037

Payment must be made electronically. Use this
voucher only if you have an approved waiver.
To receive credit for your payment in the correct taxable
year, please enter the ending month (numerical) and year.

0000000000000000 5328888 000000

Month Ending	 Year Ending
	Calendar year:	

Va. Dept. of Taxation  2601206-W  Rev. 08/23

FEIN 	

Entity Type

OR;
OR;

	Short taxable year:	

Name of Pass-Through Entity

Enclose this voucher with Form 502, with a check or
money order made payable to Virginia Department
of Taxation.

Address (Number and Street)
Address Continued

Amount of this payment	

City, State, and ZIP Code
Date	

12

	Fiscal year:	

Telephone Number

$

.00

The remaining amount of withholding tax is the amount due
with the return. If the return is filed after the due date, complete
Form 502, Page 2 to calculate any penalty and interest due
with the return.

Late Filing Penalty

Penalties

Late Payment Penalty

Extension Penalty

If the return is filed within the extended period and full payment
is not included with the return, the entity is subject to the late
payment penalty of 6% per month from the date the return is
filed through the date of payment, up to a maximum of 30%.

The pass-through entity must pay at least 90% of the
withholding tax due by the return due date to avoid a penalty.
If the return is filed within the 6-month extension and less
than 90% of the tax was paid by the original return due date,
then the pass-through entity owes an extension penalty.
The penalty is 2% per month of the tax due with the return
from the filing due date through the date of payment, up to a
maximum of 12%.

If the return is filed after the extended due date, the extension
is not valid, and the entity is subject to the late filing penalty
of 30% of the tax due or $1,200, whichever is greater.

Interest
Interest is due on any unpaid tax at the underpayment rate
under IRC § 6621, plus 2%, from the due date until the tax
is paid.