Form 500 - Virginia Corporation Income Tax Return - 2003

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2003 Virginia Corporation
*VACORP103888*
FORM 500
Income Tax Return
Department of Taxation
P.O. Box 1500
Richmond, VA 23218-1500
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FISCAL year filer or SHORT year filer: ENTER beginning date,
and ending date
,and CHECK HERE
Name
Official use only
Check if —
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A Change in Address
Number and street
B Consolidated Return
Federal Employer
C Combined Return
Address continued
Identification Number
D Multistate Schedule
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E Final Return
City or town, state and ZIP Code
(No longer liable for tax)
F Nonprofit Corpora-
Date Incorporated
State or Country
tion
Virginia Corporation Account Number
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Principal Business Activity Code
Description of Business Activity
If your tax return is filed on computer generated forms or forms supplied by a tax preparer and you do not need to
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receive a corporate packet next year, place an "X" in the box to the right.
IMPORTANT: ATTACH A COPY OF YOUR FEDERAL RETURN TO THIS RETURN
Use Form 500-X To Amend The Return.
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1 Federal taxable income (from attached federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
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2 (a) Fixed Date Conformity Addition (depreciation- see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(a)
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(b) Fixed Date Conformity Additions (other- see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b)
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(c) Additions (from line 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c)
3 Total [add lines 1 and 2 (a), (b) & (c)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
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4 (a) Fixed Date Conformity Subtraction (depreciation-see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 4(a)
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(b) Fixed Date Conformity Subtractions (other- see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b)
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(c) Subtractions (from line 37) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c)
5 Total [subtract lines 4 (a), (b) & (c) from line 3] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
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6 Savings and loan associationís bad debt deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Virginia taxable income (subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
If entire business conducted in VA, skip to line 9
If business conducted within and without VA (Multistate Corporation), attach Schedule A and complete lines 8(a) through 8(d)
8 Multistate Corporation:
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(a) Income subject to Virginia tax (from Schedule A, line 16) . . . . . . . . . . . . . . . . . . . . . 8(a)
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(b) Apportionment factor from Schedule A, Line 2, 3, 4, 5 or 10 . . . . . . . . . . . . . . . . . . . 8(b)
%
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(c) Nonapportionable investment function income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8(c)
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(d) Nonapportionable investment function loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8(d)
9 Income tax [6% of line 7 or of line 8(a)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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10 Nonrefundable tax Credits: Enter the amount from Form 500CR, line 100 . . . . . . . . . . . . . . . . . . . . . . 10
11 Adjusted corporate tax (subtract line 10 from line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Payments: (a) 2003 estimated Virginia income tax payments . . . . . . . . . . . . . . . . . . . . . . (a)
(b) Prior year's overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b)
(c) Payment with extension request and other payments . . . . . . . . . . . . . . . . (c)
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(d) Total Refundable Credits from Form 500CR, line 108 . . . . . . . . . . . . . . . . (d)
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Total payment credits [add lines (a), (b), (c) and (d)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
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13 Tax due (subtract line 12 from line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
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14 Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
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15 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
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16 Additional charge (attach Form 500C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
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17 Total due (add lines 13 through 16).
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Attach Form 500V with payment or if paid by EFT, check this box:
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18 Overpayment (if line 12 is larger than line 11 enter overpayment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
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19 Amount to be credited to 2004 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
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20 Amount to be refunded (subtract line 19 from line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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21 Coalfield Employment Enhancement Tax Credit earned . . . . . . . . . . . . . . . . . 21
VA DEPT OF TAXATION 2601004 (REV 7/03)

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