Form 502v - Virginia Pass-Through Entity Tax Payment Voucher
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1Virginia Pass-Through Entity Tax Payment Voucher
Pass-through entity tax payments may be made electronically. Visit the Department’s website
at for additional information and to make a payment.
How to Make Tax Payments Electronically
year and name and address information. Enter the date and
telephone number.
The Department provides two secure online options for
submitting withholding payments: eForms and Business
Compute the total income amount (including additions and
iFile. Payments are made by Debit EFT and you may
subtractions) on all nonresident owners based on the best
schedule your payment for a future date.
available information of their expected share of Virginia
A pass-through entity may also make its estimated tax
source income for 2013. Multiply the total income amount
payments using an ACH Credit transaction through its bank.
by 5% to determine the withholding tax due. Apply any tax
Some banks may charge a fee for this service. An Electronic
credits available to the nonresident owners’ withholding
Payment Guide is available at with
tax. The remaining amount of withholding tax is the amount
information on how to submit ACH Credit payments to the
due with the return. If the return is filed after the due date,
Department.
complete Page 2 of Form 502 to calculate any penalty and
interest due with the return.
Purpose of Form
Penalties
Use Form 502V to pay withholding tax, penalties and interest
when payment is made with Form 502. Form 502V should
Extension Penalty - The pass-through entity must pay at
only be used when sending a payment with the return.
least 90% of the withholding tax due by the return due date
to avoid a penalty. If the return is filed within the 6-month
When to File
extension and less than 90% of the tax was paid by the
The withholding tax payment is due on the due date of
original return due date, then the pass-through entity owes
the pass-through entity’s return regardless of whether the
an extension penalty. The penalty is 2% per month of the tax
extension to file Form 502 is used. For calendar year filers,
due with the return from the filing due date through the date
the withholding tax payment is due on April 15 following the
of payment, up to a maximum of 12%.
close of the pass-through entity’s taxable year.
Late Filing Penalty - If the return is filed after the extended
Where to File
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,
Mail returns and payments to:
whichever is greater.
Virginia Department of Taxation
P.O. Box 1500
Late Payment Penalty - If the return is filed within the
Richmond, VA 23218-1500
extended period and full payment is not included with the
return, the entity is subject to the late payment penalty of 6%
Questions
per month from the date the return is filed through the date
If you have any questions about this return, please call (804)
of payment, up to a maximum of 30%.
367-8037 or write to the Virginia Department of Taxation,
Interest
P.O. Box 1115, Richmond, Virginia 23218-1115.
Interest is due on any unpaid tax at the underpayment rate
Preparation of Voucher
under Internal Revenue Code § 6621, plus 2%, from the due
Complete the pass-through entity’s federal employer
date until the tax is paid.
identification number (FEIN), entity type, ending month and
Detach at dotted line below. DO NOT SEND ENTIRE PAGE.
VIRGINIA PASS-THROUGH ENTITY TAX PAYMENT VOUCHER
FORM
VIRGINIA DEPARTMENT OF TAXATION
502V
P.O. BOX 1500, RICHMOND, VA 23218-1500
FOR INFORMATION CALL (804) 367-8037
(DOC ID 532)
You must file this voucher with your Form 502
To receive credit for your payment in the
correct taxable year, please enter the
0000000000000000 5320000 000000
ending month (numerical) and year.
Month Ending Year Ending
12
Calendar year:
OR;
Federal Employer ID Number
Entity Type
Fiscal year:
OR;
Short taxable year:
Name of Pass-Through Entity
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. 10/13)
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