Virginia Corporate Income Tax Return

Corporate Income Tax Return
2023 Form 500 - Virginia Corporation Income Tax Return
Form 500

2023 Virginia Corporation

*VACORP123888*

Virginia Department of Taxation
Income Tax Return
P.O. Box 1500
Richmond, VA 23218-1500
Attention: Return must be filed electronically. Use this form only if you have an approved waiver.
Do not file this form to carry back a net operating loss. Use Form 500NOLD.
Official Use Only
FISCAL or
SHORT Year Filer: Beginning Date
Short Year Return
FEIN

,   2023;  Ending Date

,

Change in Accounting Period
Check all that apply:

Name

  Initial Filer

Mailing Address

  Name Change

City or Town

State

  Mailing Address Change

ZIP Code

  Physical Address Change

Physical Address (if different from Mailing Address)

Entity Type Code

Physical City or Town
Date Incorporated

State
State or Country of Incorporation

Check Applicable Boxes
  Consolidated – Sch. 500AC Enclosed
  Combined – Sch. 500AC Enclosed
Combined / Consolidated Filers –
Enter number of affiliates: __________
  Change in Filing Status

NAICS Code

Description of Business Activity

Final Return

Corporate Telecommunications Company

	 Final Return / Close Account – Check here
and applicable boxes below.
	 Withdrawn

Enter amount from Form 500T, Line 7:
.00

Noncorporate Telecommunications Company
Check box and enter amount from Form 500T, Line 10:

	 Dissolved – No longer liable for tax.

.00

Dissolved Date:___________________

  Sch. 500A Enclosed
  Sch. 500AB Enclosed

ZIP Code

Electric Supplier Company

	 Merged

Enter amount from Sch. 500EL, Line 7 or 14:

  Nonprofit Corporation

Home Service Contract Provider

Merged FEIN: _ ___________________

  Amended Return (See instructions)
Enter reason code: ________________

.00

Merger Date:_ ____________________

  Certified Company Apportionment –
Sch. 500AP Enclosed

Enter amount from Form 500HS, Line 10:
Check box if a noncorporate HSCP.

	 S Corp Effective:__________________

.00

QUESTIONS AND RELATED INFORMATION
A. Have you made any payments to an affiliated corporation, a related individual, or other related entity for interest, royalties, or other
expenses related to intangible property (patents, trademarks, copyrights, and similar intangible property)? If yes, complete and
enclose Schedule 500AB.
.00
Enter exception amount from Schedule 500AB, Line 8.
A.
B. RESERVED FOR FUTURE USE
C. If a net operating loss deduction was claimed in computing federal
taxable income on the U.S. Corporation Income Tax Return, provide
the requested information. If a NOL resulted from a merger, enter the
FEIN of the company generating the NOL prior to the merger date.
FEIN______________________________________________

B.
(1) Year of Loss
(2) Federal NOL
(3) Percent of federal
NOL used this year

(If there are NOLs for more than one year, enclose a schedule for each year with the information requested in Section C.)
D. If pass-through entity withholding is claimed, enter the number of Schedules VK-1 and
complete and enclose Schedule 500ADJ, Page 2.
D.
E. Has your federal income tax liability been redetermined with the IRS and finalized
for any prior year(s) that has not previously been reported to the Department? If
yes, provide the year(s).

Year E.
Year
Year

F. Location of corporation's books
Contact for corporation's books
Va. Dept. of Taxation  2601004-W  Rev. 08/23

Contact Phone Number

%

2023 Virginia
Form 500

*VACORP223888*

FEIN

Page 2

INCOME
1. Federal taxable income (from enclosed federal return). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.

.00

2. Total additions from Schedule 500ADJ, Section A, Line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2.

.00

3. Total (add Lines 1 and 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.

.00

4. Total subtractions from Schedule 500ADJ, Section B, Line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4.

.00

5. Balance (subtract Line 4 from Line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.

.00

6. Savings and Loan Association’s Bad Debt Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . .

6.

.00

7. Virginia taxable income (subtract Line 6 from Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7.

.00

TAX COMPUTATION
8. Apportionable Income (Schedule 500A Filers) – Complete Lines 8(a) through 8(d). See instructions.
(a)	 Income subject to Virginia tax from Schedule 500A, Section B, Line 3(j). . . . . . . . . . . . . . . . . . . . . . . 8(a).

.00

(b)	 Apportionment factor percentage from Schedule 500A, Section B, Line 1 or Line 2(f). . . . . . . . . . . . . 8(b).

%

(c)	 Nonapportionable investment function income from Schedule 500A, Section B, Line 3(c) . . . . . . . . . 8(c).

.00

(d)	 Nonapportionable investment function loss from Schedule 500A, Section B, Line 3(e). . . . . . . . . . . . 8(d).

.00

9. Income tax [6% of Line 7 or 6% of Line 8(a)]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9.

.00

10. Nonrefundable tax credits: Enter the amount from Schedule 500CR, Section 2, Part 1, Line 1B. . . . . . . . .

10.

.00

11. Adjusted corporate tax (subtract Line 10 from Line 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

.00

PAYMENTS AND CREDITS

12. 2023 estimated Virginia income tax payments including overpayment credit from 2022. . . . . . . . . . . . . . .

12.

.00

13. Extension payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13.

.00

14. Refundable tax credits from Schedule 500CR, Section 4, Part 1, Line 1A. . . . . . . . . . . . . . . . . . . . . . . . . .

14.

.00

15. Pass-through entity total withholding from Schedule 500ADJ, Section D. . . . . . . . . . . . . . . . . . . . . . . . . . .

15.

.00

16. Total payments and credits (add Lines 12 through 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16.

.00

17. Tax owed (if Line 11 is greater than Line 16, subtract Line 16 from Line 11) . . . . . . . . . . . . . . . . . . . . . . . .

17.

.00

18. Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18.

.00

19. Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19.

.00

20. Additional charge from Form 500C, Line 17 (enclose Form 500C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20.

.00

21. Total due (add Lines 17 through 20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

.00

22. Overpayment (if Line 16 is greater than Line 11, subtract Line 11 from Line 16) . . . . . . . . . . . . . . . . . . . . .

22.

.00

23. Amount to be credited to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23.

.00

24. Amount to be refunded (subtract Line 23 from Line 22). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24.

.00

REFUND OR TAX DUE

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

Title

Printed Name of Officer

Phone Number

Print Preparer's Name and Firm Name

Preparer Phone Number

Date

Individual or Firm, Signature of Preparer

Preparer's FEIN, PTIN, or SSN

Address of Preparer
Approved Vendor Code

IMPORTANT: INCLUDE A COPY OF YOUR FEDERAL RETURN WITH THIS RETURN