Form 502v - Virginia Pass-Through Entity Tax Payment Voucher
Download a blank fillable Form 502v - Virginia Pass-Through Entity Tax Payment Voucher 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 Form 502v - Virginia Pass-Through Entity Tax Payment Voucher 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.
ADVERTISEMENT
1Virginia Pass-Through Entity Tax Payment Voucher
Purpose of Form: Use Form 502V to pay withholding tax,
Where to File: Mail returns and payments to:
penalties and interest when payment is made with Form
Virginia Department of Taxation
502, Pass-Through Entity Return of Income and Return of
PO Box 1500
Nonresident Withholding Tax. Form 502V should only be
Richmond, VA 23218-1500
used when sending a payment with the return. Form 502W is
Change of Ownership: If there has been a change
used to make a withholding payment prior to filing the return
of ownership, send a notice of change to the Virginia
of income, Form 502. This will occur most often when the
Department of Taxation, PO Box 1114, Richmond,
PTE utilizes the automatic extension to file. Do not enclose
Virginia 23218-1114. You can register a new dealer and/
Form 502W with your return (Form 502). Instead use Form
or locations, by either completing a Form R-1, Business
502V to make payment with your return.
Registration Application, or electronically using iReg on the
Penalties
Department’s website, The Form R-1
can be obtained from the Department’s website or by calling
Extension Penalty - The pass-through entity must pay at
the Department’s Forms Request Unit at (804) 440-2541.
least 90% of the withholding tax due by the return due date
to avoid a penalty. If the return is filed within the six month
Change of Address/Out-of-Business: If you change your
extension and less than 90% of the tax was paid by the
business mailing address or discontinue your business, either
original return due date, then the pass-through entity owes
send a completed Form R-3, Registration Change Request
an extension penalty. The penalty is 2% per month of the
or a letter to the Virginia Department of Taxation, PO Box
tax due with the return from the filing due date through the
1114, Richmond, Virginia 23218-1114. A Form R-3 can be
date of payment, up to a maximum of 12%.
obtained from the Department’s website,
gov, or by calling the Department’s Forms Request Unit at
Late Filing Penalty - If the return is filed after the extended
(804) 440-2541.
due date, the extension is not valid, and the entity is subject
to the late filing penalty of 30% of the tax due or $1,200,
Questions: If you have any questions about this return,
whichever is greater.
please call (804) 367-8037 or write the Virginia Department
of Taxation, PO Box 1115, Richmond, Virginia 23218-1115.
Late Payment Penalty - If the return is filed within the
extended period and full payment is not included with the
Preparation of Voucher: Complete the pass-through entity’s
return, the entity is subject to the late payment penalty of
federal employer identification number (FEIN), entity type,
6% per month from the date the return is filed through the
ending month and year and name and address information.
date of payment, up to a maximum of 30%.
Enter the date and telephone number.
Interest - Interest is due on any unpaid tax at the
Compute the total income amount (including additions and
underpayment rate under IRC § 6621, plus 2%, from the
subtractions) on all nonresident owners based on the best
due date until paid.
available information of their expected share of Virginia
source income for 2012. Multiply the total income amount
When to File: The withholding tax payment is due on the
by 5% to determine the withholding tax due. Apply any tax
due date of the pass-through entity’s return regardless of
credits available to the nonresident owners’ withholding
whether the extension to file the income return (Form 502)
tax. The remaining amount of withholding tax is the amount
is used. For calendar year filers, the withholding tax payment
due with the return. If the return is filed after the due date,
is due April 15 following the close of the entity’s taxable year.
complete Page 2 of Form 502 to calculate penalty and interest
due with the return.
Detach at dotted line below. DO NOT SEND ENTIRE PAGE.
Check type of return
FORM
VIRGINIA PASS-THROUGH ENTITY TAX PAYMENT VOUCHER
original
502V
VIRGINIA DEPARTMENT OF TAXATION
amended
P.O. BOX 1500, RICHMOND, VA 23218-1500
(DOC ID 532)
FOR INFORMATION CALL (804) 367-8037
You must file this voucher with your Form 502
0000000000000000 5320000 000000
Month Ending Year Ending
To receive credit for your payment in the correct tax year, please enter the ending month (numerical) and year.
12
Calendar year:
OR;
Federal Employer ID Number
Entity Type
Fiscal year:
OR;
Name of pass-through entity
Short taxable year:
Attach this voucher to Form 502, with a check or
Address (Number and Street)
money order made payable to Virginia Department
of Taxation.
Address continued
Amount of this payment
City, State and ZIP Code
$
.
Date
Telephone Number
VA DEPT OF TAXATION 2601206 502V (REV. 10/12)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial