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Virginia 500AB - Add Back and Exceptions to Add Back of Interest and Intangible Expenses
Extracted from PDF file 2023-virginia-form-500ab.pdf, last modified August 2023500AB - Add Back and Exceptions to Add Back of Interest and Intangible Expenses
2023 Virginia Schedule 500AB Schedule of Related Entity Add Backs and Exceptions *VA0IAB123888* Name as shown on Virginia return __________________________________________________ FEIN ________________________ Number of related entities ________________ Part I – Taxpayer’s Payments Made to Related Entities Jurisdiction (State or Country) Name of Related Entity FEIN Where Organized Amount Paid to Related Entity For Of Commercial Domicile Royalties or Other Intangible Expenses Interest 1. 1a .00 1b .00 2. 2a .00 2b .00 3a .00 3b .00 4a .00 4b .00 3. 4. Total Interest / Intangible Expense Payments. Deduct Intangible Expense Payments Qualifying for Exceptions. See Part II, below. 5. Exception 1 5 .00 6. Exception 2 6 .00 7. Exception 3 7 .00 8. Total Exception Amount – Add Lines 5, 6, & 7. Enter here and on Form 500, Question A. 8 .00 9. Net Addition – Royalties or Other Intangibles – Line 4b minus Line 8. 9 .00 10. Net Addition of Interest and Royalties – Enter the total of Lines 4a plus Line 9 here and on Schedule 500ADJ, Section A, Line 3. 10 .00 Part II – Exceptions Applicable to Royalties Exception 1 (Subject to tax): For each related entity for which the taxpayer claims an exception, identify all states and foreign countries in which the related entity paid a tax measured by net income or capital and enclose a copy of the tax returns filed (schedules and supplemental forms may be omitted). Show the portion of the tax paid by the related entity on its separate return that is attributed to the royalties and other expenses related to intangible property. If the related entity filed a consolidated or combined return in the other state or foreign country with the taxpayer, then the recipient’s income and taxpayer’s deduction offset each other and no tax is deemed paid. If more space is needed, enclose a separate sheet. List Each Jurisdiction in Which Tax Paid Type of Tax Paid Tax Paid on the Royalties & Other Intangible Income Name of Related Entity Gross Revenues of Related Entity Name of Related Entity Va. Dept. of Taxation 2601022-W Rev. 08/23 Gross Revenues of Related Entity Name of Related Entity Gross Revenues of Related Entity Name of Related Entity Gross Revenues of Related Entity Royalties & Other Intangible Income on Which Tax Paid .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 Total Royalties Qualifying for Exception 1 (Also enter the amount in Part I, Line 5). Enclose Schedule 500AB with Your Virginia Corporation Return, Form 500. Total Qualifying Royalties .00 .00 .00 .00 .00 2023 Virginia Schedule 500AB Schedule of Related Entity Add Backs and Exceptions Page 2 *VA0IAB223888* Name as shown on Virginia return_____________________________________ FEIN______________________________________ Exception 2 (One-Third Revenue): For each related entity for which the taxpayer claims an exception, identify the three unrelated parties paying the highest amount of royalties to the related entity. Enter the amount of royalties that the taxpayer paid to the related entity that were made at rates and terms comparable to the agreements made with the unrelated parties. If the total royalties and other expenses related to intangible property paid to unrelated parties do not equal or exceed one-third of the gross revenues of the related entity, the payments to that related entity do not qualify for the exception. If more space is needed, enclose a separate sheet. Three Unrelated Parties Paying Royalties Name of Related Entity Gross Revenues of Related Entity Name of Related Entity Gross Revenues of Related Entity Name of Related Entity Gross Revenues of Related Entity Name of Related Entity Gross Revenues of Related Entity Royalties Paid by Unrelated Party 1 .00 2 .00 3 .00 4 All Other Unrelated Parties Paying Royalties .00 1 .00 2 .00 3 .00 4 All Other Unrelated Parties Paying Royalties .00 1 .00 2 .00 3 .00 4 All Other Unrelated Parties Paying Royalties .00 1 .00 2 .00 3 .00 4 All Other Unrelated Parties Paying Royalties .00 Total Royalties Qualifying for Exception 2 (Also enter the amount in Part I, Line 6 ). Total Qualifying Royalties .00 .00 .00 .00 .00 Exception 3 (Conduit): For each related entity for which the taxpayer claims an exception, identify the unrelated party to whom the related entity paid a royalty for the same intangible property licensed to the taxpayer, and describe the purpose of the licensing transactions between the parties in order to demonstrate that the licensing transaction did not have as its principal purpose the avoidance of tax. Enter the amount of royalties that the related entity paid to the unrelated party. If more space is needed, enclose a separate sheet. Total Qualifying Royalties Name of Related Entity Name of Unrelated Entity Purpose of Transaction .00 Name of Related Entity Name of Unrelated Entity Purpose of Transaction .00 Name of Related Entity Name of Unrelated Entity Purpose of Transaction .00 Name of Related Entity Name of Unrelated Entity Purpose of Transaction .00 Total Royalties Qualifying for Exception 3 (Also enter the amount in Part I, Line 7.) Enclose Schedule 500AB with Your Virginia Corporation Return, Form 500. .00
2023 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
More about the Virginia Form 500AB Corporate Income Tax TY 2023
We last updated the 500AB - Add Back and Exceptions to Add Back of Interest and Intangible Expenses in January 2024, so this is the latest version of Form 500AB, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 500AB directly from TaxFormFinder. You can print other Virginia tax forms here.
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TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.
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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 500AB 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 500AB
We have a total of thirteen past-year versions of Form 500AB in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 500AB
2023 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2022 Form 500AB
2022 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2021 Form 500AB
2021 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2020 Form 500AB
2020 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2019 Form 500AB
2019 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2018 Form 500AB
2018 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2017 Form 500AB
2017 Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2016 Form 500AB
2016 Virginia Schedule 500AB - Schedule of Related Entity Add Backs and Exceptions
2015 Form 500AB
500AB 15 ER Web Final 6 9 15.indd
2014 Form 500AB
500AB 14 ER Web 09 03 14 .indd
2013 Form 500AB
500AB
2012 Form 500AB
500AB 12 final 08 02 12 .indd
2011 Form 500AB
500AB early release 10 12 11.indd
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