Our organization is exempt from income tax under Internal Revenue Code Section 501(c). Do we need to file a Virginia corporation income tax return?
As a tax exempt organization, you are required to file a Virginia corporation income tax return, Form 500, only if you must file federal Form 990-T to report unrelated business taxable income. The Virginia return is due to be filed by the 15th day of the sixth month following the close of your taxable year. If you file only Form 990 for federal purposes, no Virginia return is required.
Related Questions
- My organization does not have federal exemption (or is exempt under a different Internal Revenue Code section). How do I obtain tax-exempt status for California?
- Our organization is exempt from income tax under Internal Revenue Code Section 501(c). Do we need to file a Virginia corporation income tax return?
- Is FCGM tax exempt under section 501(c)(3) of the Internal Revenue Code?
