Virginia Schedule 502a Form - Multistate Pass-Through Entity - Department Of Taxation - 2014

Download a blank fillable Virginia Schedule 502a Form - Multistate Pass-Through Entity - Department Of Taxation - 2014 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Virginia Schedule 502a Form - Multistate Pass-Through Entity - Department Of Taxation - 2014 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Multistate

2014

Virginia

*VA502A114888*

Pass-tHROuGH entity

schedule 502a

allocation and apportionment of income

Name

Federal Employer ID Number

Check Here if Filing a unified Return .....................................

section a - apportionable Method

6. Manufacturer’s Modified apportionment Method

1. Motor Carrier Mileage Factor (see instructions) ...........................

sales Factor (see instructions for requirements) ...........................

If an exception applies, check the applicable box below.

(a) Enter Beginning Date of Election Year

_____/_____/_____

exception 1

exception 2

(b) Wage and Employment Certification Required each year:

2. Financial Company Cost of Performance Factor .......................

Check to certify that the average weekly wages of the full-

(see instructions)

time employees is greater than the lower of the state or local

average weekly wages for its industry, and that the average

3. Construction Company

annual number of full-time employees of the manufacturing

Completed Contract Basis sales Factor (see instructions) .........

company is at least 90 percent of the base year

employment. .........................................................................

4. Railway Company Revenue Car Miles (see instructions) ............

7. Multi-Factor Formula with Double-Weighted

sales Factor (see instructions) .......................................................

5. Retail Company apportionment (see instructions) ......................

section B - apportionable Percentage

tOtal

ViRGinia

PeRCentaGe

single Factor Computations: Motor Carriers, Financial Companies,

Construction Companies, Railway Companies, and Manufacturers who

elected the Modified Apportionment Method in Section A with a taxable

year beginning on or after July 1, 2014. (see instructions). ...................

.00

Multifactor Computations

(a) Property Factor (see instructions) ....................................................

2(a)

.00

(b) Payroll Factor (see instructions).......................................................

2(b)

.00

2(c)

.00

(d) Standard (Double-Weighted) Sales Factor Apportionment: Multiply the sales factor from Line 2(c) times 2. (see

instructions) .................................................................................................................................................................... 2(d)

(e) Triple-Weighted Sales Factor Apportionment. Use this computation if you are a Retail Company with a taxable

year beginning before July 1, 2014. Multiply the Sales Factor from Line 2(c) by 3. (see instructions). ......................... 2(e)

(f) Quadruple-Weighted Sales Factor Apportionment. Use this computation if you elected the Manufacturer’s Modified

Apportionment Method in Section A with a taxable year beginning before July 1, 2014, or if you are a Retail Company with

a taxable year beginning on or after July 1, 2014. Multiply the Sales Factor from Line 2(c) by 4. (see instructions) .....

2(f)

(g) Sum of Percentages. If using a double-weighted sales factor, add Lines 2(a), 2(b) and 2(d). If using a triple-weighted

sales factor, add Lines 2(a), 2(b) and 2(e). If using a quadruple-weighted sales factor, add Lines 2(a), 2(b) and 2(f) .. 2(g)

(h) Multifactor Percentage. Divide Line 2(g) by 4 (for double-weighted sales) or 5 (for triple-weighted) or 6 (for quadruple-

weighted sales), reduced by the number of factors, if any, having no denominator ....................................................... 2(h)

section C - allocable and apportionable income

1. Total of Taxable Income Amounts from Form 502, Line 1 ...........................................................................................

.00

2. If commercial domicile is in Virginia, enter dividends received (Enter on Form 502, Line 4) .....................................

.00

3. If commercial domicile is not in Virginia:

(a) Enter dividends received ........................................................................................................................................ 3(a)

.00

(b) Enter nonapportionable investment function income ............................................................................................. 3(b)

.00

(c)

Add Lines 3(a) and 3(b) ...................................................................................................................................... 3(c)

.00

(d) Enter nonapportionable investment function loss ................................................................................................... 3(d)

.00

(e) Allocable Income - Subtract Line 3(d) from Line 3(c). Enter the amount on Form 502, Line 5 .............................. 3(e)

.00

4. Apportionable Income - If domiciled in Virginia, subtract Line 2 from Line 1

If not domiciled in Virginia, subtract Line 3(e) from Line 1. Enter on Form 502, Line 6, ........

.00

Va. Dept. Of Taxation

2601014

8 / 14