Get Virginia Form 500v

Generally, you will need a copy of your completed federal income tax return (Form 1040, 1040A, or 1040EZ), any supporting federal schedules (A, C, D, E, F), your W-2 wage forms and 1099 income forms showing Virginia tax withheld, Virginia Schedule ADJ, and Virginia Schedule CR.

The extension penalty is assessed on the balance of tax due with the return at a rate of 2% per month or part of a month, from the original due date until the date the return is filed. The maximum penalty is 12% of the tax due.

Form 760IP, Automatic Extension Payment, is a payment coupon and worksheet that provides taxpayers who are unable to file their individual income tax return by May 1 a means of calculating and remitting a payment to avoid penalty and interest.

The Virginia State Tax Filing deadline remains May 1st. If you have a tax due the state will not charge any penalty until after June 1st. However, interest will still apply. If you do not have a tax due you will receive an automatic 6 month extension.

Every corporation that is incorporated under Virginia law, or that has registered with the State Corporation Commission for the privilege of conducting business in Virginia, or that receives income from Virginia sources, must file a Virginia corporation income tax return (Form 500).

You are required to pay 90% of your Virginia tax liability to avoid the extension penalty. You can make a Virginia extension payment with Form 760IP, or pay electronically using VATAX Online Services: .individual.tax.virginia.gov.

Form VA-6 - Employer's Annual or Final Summary of Virginia Income Tax Withheld Return.

Virginia Tax Nexus Generally, a business has nexus in Virginia when it has a physical presence there, such as a retail store, warehouse, inventory, or the regular presence of traveling salespeople or representatives. However, out-of-state sellers can also establish nexus in the ways described below.