Revolutionize Your Workflow with VA Passthrough A Guide to Efficiency

... Virginia Pass-Through Entity Election. Dear Commissioner Burns: The Tax ... TAX and software vendors must implement form, processes and instructions and ... File a PTET return (Form 502PTET) on or before the extended due date for the taxable year. However, unlike some other states, a PTE may revoke ... 2022 Virginia Form 502 Pass-Through Entity Tax Return. This form is used for reporting income and withholding tax for pass-through entities in Virginia. It ... Pass-Through Entity (PTE) Elective Tax and Other State Tax Credit Calculation – For taxable years beginning on or after January 1, 2022, and before January ... ... VA, WI, WV1, and NYC1. 1 Effective in 2022. 2 Effective in 2023 or later. 3 Retroactive to 2018. 4 Mandatory 2018-2023, elective starting 2024. As of May 14 ... ... Form Blog · Our Principles · Classroom Resources · Primers · Legislative ... Some localities in Pennsylvania, Virginia, and West Virginia ... 5.75 percent * VA taxable pass-through entity taxable income. Form VA 502PTET Due Date. PTET returns (“Form 502PTET”) are due by the 15th day ... Virginia has released its final guidelines for pass-through entity tax for tax years 2022-2025 and retroactive guidance for 2021. ... Form 502 pass-through entity income tax return. In light of this, PTEs doing business in Virginia should file their return for their 2021 ... Every pass-through entity (PTE) that does business in Virginia or receives income from Virginia sources must file an annual Virginia income tax return.