Form 500 - Virginia Corporation Income Tax Return

FORM 500

1999

Virginia Corporation Income Tax Return

Department of Taxation

P.O. Box 1500

Richmond, VA 23218-1500

FISCAL year filer or SHORT year filer: ENTER beginning date _________________ , _______ , and ending date _________ , _________ , and CHECK HERE

Name

Check if —

Official use only

A Change in Address

Number and street

B Consolidated Return

C Combined Return

Federal Employer

City or town, state and ZIP Code

Identification Number

D Multistate Schedule

E Final Return

Date Incorporated

State or Country

(No longer liable for tax)

Virginia Corporation Account Number

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 receive a co rporate packet

next year, place an “X” in the box to the right. Next year instead of receiving a packet you will receive a preaddressed mailing label to be used

in the address portion of your computer generated form or the form provided by your tax preparer.

Mailing Label

IMPORTANT: ATTACH A COPY OF YOUR FEDERAL RETURN TO THIS RETURN

1 Federal taxable income (from attached federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Additions (from line 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Total (add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Subtractions (from line 38) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Total [subtract line 4 from line 3] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 Savings and loan association’s bad debt deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Virginia taxable income (subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Multistate Corporation:

(a) Income subject to Virginia tax (from Schedule A, line 16) . . . . . . . . . . . . . . . . . . . . . 8(a)

(b) Apportionment factor from Schedule A, Line 2, 3, 4, 5 or 10 . . . . . . . . . . . . . . . . . . . 8(b)

(d) Nonapportionable investment function loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8(d)

9 Income tax [6% of line 7 or of line 8(a)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Nonrefundable tax Credits: Enter the amount from Form 500CR, line 77 . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Adjusted corporate tax (subtract line 10 from line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Consumer’s Use Tax: See the instructions for the maximum filing threshold . . . . . . . . . . . . . . . . . 12

13 Payments: (a) 1999 estimated Virginia income tax payments . . . . . . . . . . . . . . . . . . . . . . . (a)

(b) Prior year’s overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b)

(d) Total Refundable Credits from Form 500CR, line 85 . . . . . . . . . . . . . . . . . . (d)

Total payment credits [add lines (a), (b), (c) and (d)] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Tax due (subtract line 13 from the total of line 11 and line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17 Additional charge (attach Form 500C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Total tax due (add lines 14 through 17).

Attach Form 500V with payment or if paid by EFT, check this box:

19 Overpayment (if line 13 is larger than the total of line 11 and line 12 enter overpayment) . . . . . . . . . . . 19

20 Amount to be credited to 2000 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

21 Amount to be refunded (subtract line 20 from line 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

22 Coalfield Employment Enhancement Tax Credit earned . . . . . . . . . . . . . . . . . . 22

VA DEPT OF TAXATION 2601004 (REV 8/99)

Form 500 - Virginia Corporation Income Tax Return - 1999

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