500ADJ: Corporation Schedule of Adjustments (2025)
Virginia · Virginia Tax · Used for tax years 2025
Virginia Schedule 500ADJ reports a corporation’s additions to and subtractions from federal taxable income and pass-through entity withholding from Virginia Schedules VK-1. It also includes a section to calculate additional tax owed or a refund on an amended return and is enclose
Who files this form
Virginia Schedule 500ADJ is the Corporation Schedule of Adjustments for tax year 2025. It includes sections for additions to and subtractions from federal taxable income.
- If you are filing an amended return, complete Section C to determine any additional payment or refund.
- If you claim withholding on Form 500, Line 15, complete Section D with pass-through entity withholding information from Virginia Schedules VK-1.
Enclose Schedule 500ADJ with your Virginia Corporation Income Tax Return, Form 500.
What you'll need
Have your Virginia Form 500 and the name and FEIN shown on your Virginia return available. Depending on the sections you complete, you may also need:
- Schedule 500AB, Line 10, for the taxable addition reported in Section A, Line 3.
- Form 500 Instructions for addition and subtraction codes.
- Schedule 500ADJS if you are claiming more additions or subtractions than Schedule 500ADJ allows.
- Virginia Schedules VK-1 for pass-through entity withholding reported in Section D.
- For an amended return, original or previously adjusted return amounts, payment information, and an explanation of each change. Include Form 500 line references, reasons for the changes, detailed computations, and any applicable schedules.
How to file
Enclose Schedule 500ADJ with your Virginia Corporation Income Tax Return, Form 500.
- Add Section A, Lines 1 through 5 and 6a through 6c. Enter the total on Schedule 500ADJ, Line 7, and Form 500, Line 2.
- Add Section B, Lines 1 through 8 and 9a through 9c. Enter the total on Schedule 500ADJ, Line 10, and Form 500, Line 4.
- Complete Section C for an amended return and enclose the explanation of changes and applicable schedules.
- Complete Section D if claiming withholding on Form 500, Line 15.
- If using Schedule 500ADJS, check the box on Schedule 500ADJ and enclose Schedule 500ADJS with your return.
Common mistakes
- Do not include the amount paid from Form 500, Line 20, in Section C, Line 1.
- Do not leave out the explanation when amending a return. Give the Form 500 line reference and reason for each change, show computations in detail, and enclose applicable schedules.
- If your additions or subtractions exceed the space allowed, use Schedule 500ADJS in addition to Schedule 500ADJ. Check the box and enclose it with your return.
- Refer to the Form 500 Instructions for addition and subtraction codes.
- Remember to enclose Schedule 500ADJ with Form 500.
Questions people ask
Where do the totals from Schedule 500ADJ go?
Enter total additions from Section A, Line 7, on Form 500, Line 2. Enter total subtractions from Section B, Line 10, on Form 500, Line 4.
What if I need more space for additions or subtractions?
Use Schedule 500ADJS in addition to Schedule 500ADJ. Check the box on Schedule 500ADJ and enclose Schedule 500ADJS with your return.
What must I include when amending my return?
Complete Section C and enclose an explanation identifying the Form 500 line changed and the reason for each change. Show computations in detail and include applicable schedules.
What information goes in the withholding section?
Section D lists pass-through entity withholding from Virginia Schedules VK-1. Enter the pass-through entity FEIN and withholding amount. The recipient FEIN field is for consolidated or combined filers only.