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Virginia Free Printable 2020 VK-1 Consolidated – PTE Tax Schedule Summary for 2021 Virginia Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits

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Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits
2020 VK-1 Consolidated – PTE Tax Schedule Summary

Virginia Department of Taxation Substitute Forms Specifications VK-1 Consolidated – PTE Tax Schedule Summary Attention: All PTE Tax VK-1 schedules must be made electronically. Paper schedules are only allowed for customers with an approved waiver. PTEs reporting 10 or more owners must use this Consolidated form, which allows multiple VK-1 owners to be reported on one summary sheet while maintaining the taxpayer disclosure agreement. This version of the form may only be used with paper submissions with approved waivers and PTEs must not send the summary sheet(s) to its owners due to the taxpayer’s disclosure agreement. Users must adhere to the requirements set forth in this document and in the Excel template and the PDF versions of the VK-1 Consolidated form. This includes formatting, page orientation, column widths, row heights, etc. Special Notes • Barcode – Yes; barcodes are provided in the Excel template and PDF versions of the VK-1 Consolidated form. • Printing – the print area must be set to include the entire form layout. • Rounding – Yes; the length of the numeric fields includes the 2 places for the cents. • Neither the FEIN nor SSN field may contain dashes or hyphens (-). • Review the consolidated instructions provided via the main Forms page when computations are required, when codes are required and/or when amount/numbers must be transferred to/from another form. 1D Barcode Table Page 1 – Barcode Translation Example – V A 0 V K 1 1 2 0 8 8 8 Page 2 – Barcode Translation Example – V A 0 V K S 2 2 0 8 8 8 Section State ID Form ID Page Number Current Tax Year VA Tax Department Web Form ID Form Table Field Length 2 4 1 2 3 Format / Data Alpha Numeric Numeric Numeric Numeric Format A A B Top Right A A A A A Date Alphanumeric Alphanumeric Barcode Checkbox Numeric Checkbox Alphanumeric Alphanumeric Negative Allowed? Tax Year PTE’s Name PTE’s FEIN 1D Barcode – Page 1 Amended Checkbox Reason Code Nonresident Return Checkbox Name Address (Number & Street) 4 15 9 N/A 1 2 1 26 26 City, State & ZIP Code FEIN or SSN Line a Line b Line c Line d Line e Line f 26 9 10 3 3 6 9 2 Left Left Center Center Center Center Center Center A B C D E F G H Alphanumeric Alphanumeric Date Alpha Alpha Numeric Numeric Numeric N/A N/A N/A N/A N/A No No N/A PTE’s FEIN PTE’s Name 1D Barcode – Page 2 9 15 N/A Left Left Right B A Top Right Alphanumeric Alphanumeric Barcode N/A N/A N/A 9 9 9 9 9 9 9 6 6 6 6 Left Center Center Center Center Center Center Center Center Center Center B I J K L M N O P Q R Alphanumeric Numeric Numeric Numeric Numeric Numeric Numeric Numeric Numeric Numeric Numeric N/A Yes No No Yes Yes Yes No No Yes No Virginia Department of Taxation Column Description / Details VA VK1 = Page 1, VKS = Page 2 1 = Page 1, 2 = Page 2 20 = Current Tax Year 888 Justified / Position Left Left Left Right N/A Center N/A Left Left FEIN or SSN Line 1, Total Taxable Income Amounts Line 2, Total Deductions Line 3, Tax Exempt Interest Income Line 4, Income Allocated to VA Line 5, Income Allocated Outside of VA Line 6, Apportionable Income Line 7, VA Apportionment Percentage Line 13, Total Additions Line 18, Total Subtractions Line 41, Refundable Credits Length Position 1D Barcode 1D Barcode 1D Barcode 1D Barcode 1D Barcode Substitute Forms Specifications Document N/A N/A N/A N/A N/A N/A N/A N/A N/A Description / Details YYYY = 2020 Name of PTE 9 digits or V with 8 digits See Special Notes & 1D Barcode Table Display “X” if applicable 1 – 2 digit code Display “X” if applicable Name of shareholder Street address of shareholder City, State Abbreviation & ZIP Code of shareholder 9 digits or V with 8 digits (FEIN) MM/DD/YYYY 2 – 3 character code 3 character code XXX.XX% (decimal and % sign included) Amount 2 digit code 9 digits or V with 8 digits (Repeats on Page 2) Name of PTE See Special Notes & 1D Barcode Table 9 digits or V with 8 digits (FEIN) (Repeats on Page 2) Amount Amount Amount Amount Amount Amount XXX.XX% (decimal and % sign included) Amount Amount Amount Rev. 11/17/20
Extracted from PDF file 2020-virginia-schedule-vk-1-consolidated-pdf-format.pdf, last modified November 2020

More about the Virginia Schedule VK-1 Consolidated PDF Format Corporate Income Tax Tax Credit TY 2020

We last updated the Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits in March 2021, so this is the latest version of Schedule VK-1 Consolidated PDF Format, fully updated for tax year 2020. You can download or print current or past-year PDFs of Schedule VK-1 Consolidated PDF Format directly from TaxFormFinder. You can print other Virginia tax forms here.

Other Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 770 VA Fiduciary Income Tax Return
Form 500V 500V - Corporation Income Tax Payment Voucher
Form 500NOLD Net Operating Loss Form
Form 502 Pass-Through Entity Return of Income
Form 770IP Virginia Fiduciary and Unified Nonresident Automatic Extension Payment

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Schedule VK-1 Consolidated PDF Format from the Department of Taxation in March 2021.

Show Sources >

Schedule VK-1 Consolidated PDF Format is a Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Virginia Schedule VK-1 Consolidated PDF Format

We have a total of seven past-year versions of Schedule VK-1 Consolidated PDF Format in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Schedule VK-1 Consolidated PDF Format

2020 VK-1 Consolidated – PTE Tax Schedule Summary

2018 Schedule VK-1 Consolidated PDF Format

2018 Schedule VK-1 Consolidated Substitute Forms Specifications

2017 Schedule VK-1 Consolidated PDF Format

2017 Schedule VK-1 Consolidated Substitute Forms Specifications

2016 Schedule VK-1 Consolidated PDF Format

2016 Schedule VK-1 Consolidated - PDF Format

Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits 2015 Schedule VK-1 Consolidated PDF Format

Schedule VK-1 Consolidated PDF Format

Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits 2014 Schedule VK-1 Consolidated PDF Format

Schedule VK-1 Consolidated PDF Format

Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits 2013 Schedule VK-1 Consolidated PDF Format

Schedule VK-1 Consolidated PDF Format


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