How to File and Pay Your Corporation Income Tax
The due date for Corporation Income Tax returns varies based on whether the business operates on a calendar-year or fiscal-year basis. Regardless of whether a business is a calendar- or fiscal-year filer, corporate returns are due by the 15th day of the fourth month after the close of the tax year. For calendar year filers, the due date is April 15.
Corporations that have elected S status for federal purposes are automatically treated as S-corporations for Virginia purposes, and file their returns on Form 502. Please refer to our Pass-Through Entities page for more information about S-corporation filing requirements.
Beginning with the taxable year 2012 return, all other corporations required to file an income tax return should file Form 500 electronically through the Federal/State e-File program. Any tax due must be paid electronically with a bank debit through the e-File program or with an ACH Credit transaction through the corporation's bank.
File by Paper
If you prefer to file a paper return for taxable years prior to 2012, or if electronic filing is not an option for you due to certain restrictions with the Federal/State e-File program, paper Corporation Income Tax Forms are available. Returns filed on paper owing a tax due amount should pay the outstanding tax due amount through one of our Online Payment Services or ACH Credit transaction. If unable to pay electronically, they should attach a check or money order along with Form 500V to the return.