What is a 502 form?

All taxpayers may use Form 502. You must use this form if you itemize deductions, if you have any Maryland additions or subtractions, if you have made estimated payments or if you are claiming business or personal income tax credits.

Where do I mail VA 502?

2020 Virginia Form 502 Department of Taxation P.O. Box 1500 Richmond, VA 23218-1500 Pass-Through Entity Return of Income and Return of Nonresident Withholding Tax *VA0PTE120888* Official Use Only FISCAL or SHORT Year Filer: Beginning Date ____________________ 2020; Ending Date __________________ , 20_______ Check if …

What is form 502A Virginia?

Schedule 502A is used to show the amount of allocated income and to determine the apportionment percentage. If the PTE’s income is all from Virginia, then the entity does not allocate and apportion income; the Virginia apportionment percentage is 100%, and Schedule 502A is not required.

What is a pass-through entity tax in Virginia?

What is a “pass-through entity”? A pass-through entity is any business that is recognized as a separate entity for federal income tax purposes and the owners of which report their distributive or pro rata shares of the entity’s income, gains, losses, deductions, and credits on their own returns.

What is the Virginia state tax form?

Form 760 is the general income tax return for Virginia residents; it can be e-filed or filed by mail.

What is the Virginia Department of taxation?

Department of Taxation. The mission of the Virginia Department of Taxation (TAX) is to administer the tax laws of the Commonwealth with integrity and efficiency to support funding of government services for Virginia’s citizens.

What is an individual tax form?

An individual tax return is a form the individual submits to a federal, state or local taxing agency to report income, calculate and pay taxes.

What is a tax return form?

A tax return is a form(s) filed with a taxing authority that reports income, expenses and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.