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Virginia 502ADJ - Pass-Through Entity Schedule of Adjustments
Extracted from PDF file 2023-virginia-form-502adj.pdf, last modified August 2023502ADJ - Pass-Through Entity Schedule of Adjustments
2023 Virginia Schedule 502ADJ FEIN Pass-Through Entity Schedule of Adjustments *VA502J123888* Name(s) as shown on Form 502 SECTION A – Additions to Taxable Income Code Amount 1. .00 2. .00 3. .00 4. .00 5. .00 Total Additions. Add Lines 1-4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SECTION B – Subtractions From Taxable Income Certification Number (if applicable) Code Amount 1. .00 2. .00 3. .00 4. .00 5. Total Subtractions. Add Lines 1-4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 Use Schedule 502ADJS if you are claiming more additions or subtractions than the Schedule 502ADJ allows. Refer to the Form 502 Instructions for addition and subtraction codes. Check this box and enclose Schedule 502ADJS with your return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SECTION C – Virginia Tax Credits Enter the total amounts passed through to owners for each credit in Parts I through IV. For information on credits, see the Schedule CR Instructions (Individuals) or the Schedule 500CR Instructions (Corporations). Part I – Nonrefundable Credits 1. State Income Tax Paid (see Form 502 instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . 1. .00 2. Neighborhood Assistance Act Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. .00 3. Biodiesel and Green Diesel Fuels Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. .00 4. Recyclable Materials Processing Equipment Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . 4. .00 5. Vehicle Emissions Testing Equipment Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. .00 6. Major Business Facility Job Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. .00 7. Waste Motor Oil Burning Equipment Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. .00 8. Riparian Forest Buffer Protection for Waterways Tax Credit. . . . . . . . . . . . . . . . . . . . . . 8. .00 9. Reserved for Future Use .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. 10. Reserved for Future Use .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. 11. Reserved for Future Use .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 12. Historic Rehabilitation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. .00 13. Land Preservation Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. .00 14. Qualified Equity and Subordinated Debt Investments Tax Credit. . . . . . . . . . . . . . . . . 14. .00 15. Communities of Opportunity Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. .00 16. Green and Alternative Energy Job Creation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . 16. .00 Va. Dept. of Taxation 2601020-W Rev. 08/23 2023 Virginia Schedule 502ADJ Page 2 FEIN *VA502J223888* 17. Farm Wineries and Vineyards Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. .00 18. International Trade Facility Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. .00 19. Port Volume Increase Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. .00 20. Barge and Rail Usage Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. .00 21. Livable Home Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21. 22. Research and Development Expenses Tax Credit (If the taxpayer does not qualify for the refundable credit, see the instructions for Schedule CR or Schedule 500CR). . . . 22. .00 23. Education Improvement Scholarships Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. .00 24. Major Research and Development Expenses Tax Credit . . . . . . . . . . . . . . . . . . . . . . . 24. .00 25. Food Donation Tax Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. .00 26. Worker Training Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26. .00 27. Virginia Housing Opportunity Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. .00 .00 Part II – Total Nonrefundable Credits 1. Add Part I, Lines 1-8, and 12-27. Enter on Form 502, Page 1, Line 19. . . . . . . . . . . . 1. .00 Part III – Refundable Credits 1. 2. Agricultural Best Management Practices Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . 100% Coalfield Employment Enhancement Tax Credit from 2023 Form 306D, Part II, Section 1, Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. .00 2. .00 3. Full Credit: Enter amount from 2023 Form 306D, Part II, Section 2, Line 3. . . . . . . . . . . 3. .00 4. 5. 85% Credit: Enter amount from 2023 Form 306D, Part II, Section 3, Line 5. . . . . . . . . . Total Coalfield Employment Enhancement Tax Credit allowable this year. Add Part III, Lines 3 and 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. .00 5. .00 6. Reserved for Future Use .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. 7. Motion Picture Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. .00 8. Research and Development Expenses Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. .00 9. Conservation Tillage and Precision Agriculture Equipment Tax Credit. . . . . . . . . . . . . 9. .00 1. .00 Part IV – Total Refundable Credits 1. Add Part III, Lines 1, 5, and 7-9. Enter on Form 502, Page 1, Line 20. . . . . . . . . . . . . SECTION D – Amended Return 1. Add amount paid with original return and additional tax paid after it was filed.. . . . . . . 1. .00 2. Add Line 1 from above and Section 1, Line 2 from Form 502. . . . . . . . . . . . . . . . . . . . 2. .00 3. Overpayment, if any, as shown on original return or as previously adjusted. . . . . . . . . 3. .00 4. 5. Subtract Line 3 from Line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . If Line 4 above is less than Section 1, Line 1 of Form 502, subtract Line 4 above from Section 1, Line 1 of Form 502. This is the Tax Owed. . . . . . . . . . . . . . . . . . . . . 4. .00 .00 6. 5. If Section 1, Line 1 of Form 502 is less than Line 4 above, subtract Section 1, Line 1 of Form 502 from Line 4 above. This is the Amount Overpaid . . . . . . . . . . . . . . . . . 6. .00 Enclose Schedule 502ADJ with your Pass-Through Entity Return, Form 502.
2023 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
More about the Virginia Form 502ADJ Corporate Income Tax TY 2023
We last updated the 502ADJ - Pass-Through Entity Schedule of Adjustments in January 2024, so this is the latest version of Form 502ADJ, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 502ADJ 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.
| 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 502ADJ 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 502ADJ
We have a total of thirteen past-year versions of Form 502ADJ in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 502ADJ
2023 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2022 Form 502ADJ
2022 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2021 Form 502ADJ
Draft 2021 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2020 Form 502ADJ
2020 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2019 Form 502ADJ
2019 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2018 Form 502ADJ
2018 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2017 Form 502ADJ
2017 Schedule 502ADJ - Pass-Through Entity Schedule of Adjustments
2016 Form 502ADJ
2016 Schedule 502ADJ - Schedule of Adjustments
2015 Form 502ADJ
502 Sch ADJ 15 ER Final 06 23 15.indd
2014 Form 502ADJ
502 Sch ADJ 14 Web ER 12 02 14.indd
2013 Form 502ADJ
502 Sch ADJ 13 Web Final 11 25 13.indd
2012 Form 502ADJ
502 Sch ADJ 12 Web Final 01 04 13.indd
2011 Form 502ADJ
502 Sch ADJ 11 WEB Final 01 06 12.indd
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