All taxpayers subject to the Corporation Income Tax must file their estimated tax payments, annual income tax returns, and final payments electronically.  This includes Taxable Year 2012 returns, tax due payments, and extension payments, as well as Taxable Year 2013 estimated payments. In the event the requirement to file and/or pay electronically presents an undue hardship for the business, the Tax Commissioner has the authority to waive the requirement. Requests for waiver must be submitted in writing by completing the Virginia Electronic Filing Waiver Request form.

Corporation Income Tax returns for the taxable year ending on April 30, 2013, must be filed on or before August 15, 2013.  Virginia law also provides for an automatic six-month extension of time to file. However, the extension does not allow for additional time to pay any balance of tax due. Penalty and/or interest may apply to returns with a tentative tax due that was not paid by the original due date for filing.

The automatic six-month extension to file Corporation Income Tax returns for the taxable year ending on October 31, 2012, ends on August 15, 2013.   In order to take advantage of Virginia's automatic extension, the return must be filed on or before the end of the extension period.  Please bear in mind, the extension penalty may apply to returns filed during the extension period if less than 90 percent of the return's total tax liability was paid by the original due date. For more details regarding Corporation Income Tax extensions and penalties, visit the Department's Corporation Income Tax page.

Remember: it is very important that the Department maintains accurate information regarding taxpayer businesses. Many tax account updates can be performed through the Department's Business iFile system. Visit the Online Services FAQ for information on what updates taxpayers can make through Business iFile. 

The Virginia Taxpayer Bill of Rights booklet outlines taxpayer rights in contacts with the Department, and contains a wealth of other useful information, forms, and instructions.

Intended as a guide to the rights provided in the Code of Virginia under the Virginia Taxpayer Bill of Rights, the booklet also describes the role of the Taxpayer Rights Advocate and the agency's collections, office audit, and field audit processes in detail, and covers the basics for offers in compromise and administrative appeals.  The booklet's appendices include forms and instructions for submitting an appeal or an offer in compromise, plus forms for designating a power of attorney.

The Virginia Taxpayer Bill of Rights booklet is a valuable resource for both taxpayers and tax professionals.  Be sure to bookmark or download a copy of the booklet for your tax reference library!