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Tips and Tools for Tax Professionals
Did you know that the Department offers a wide range of resources for tax professionals? Be sure to put these tools to work for you!
The Department's Tax Professionals Hotline is available to provide quick responses to your inquiries regarding client accounts or other tax questions. This service is not limited to the individual income tax - the Department will respond to your questions on any tax that is administered by the agency. The Tax Professionals Hotline is available Monday through Friday, from 8:30 a.m. to 5:00 p.m., at (804) 367-9286.
For electronic filing information, early release forms, instructional materials, and special contact information, bookmark the Department's Tax Professionals webpage.
The Department's Laws, Rules & Decisions webpage offers a variety of information, including Tax Bulletins, Legislative Summaries, and Rulings of the Commissioner. Use the Laws, Rules & Decisions webpage to research the latest information regarding Virginia tax law.
Other website features and services that you may find helpful are the Department's "What's New" webpages for individuals and businesses, tax forms, online filing and secure messaging services, and agency publications, just to name a few.
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Individual Income Tax Extension Reminder
The automatic six-month extension to file Individual Income Tax returns for the 2012 taxable year ends on November 1, 2013 for calendar year filers. 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 that the extension penalty may apply to returns that were 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 extensions and penalties that may apply to Individual Income Tax returns, visit the Department's Individual Income Tax Information webpage or review the instructions for your form type.
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Form 502 Extension Reminder
The automatic six-month extension to file Form 502, Pass-Through Entity Return of Income, ends on
October 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 that the extension penalty may apply to returns that were 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 extensions and penalties that may apply to Form 502, visit the Department's
Remember, even if there is no tax due with the return, the maximum late-filing penalty of $1,200 applies to any Taxable Year 2012 Form 502 that is filed on a calendar year basis after October 15, 2013. Be sure that your return is postmarked by that date!
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Corporation Income Tax Filing Reminders
All taxpayers that are 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. For information on how to file and pay electronically, see the Department's Corporate e-File and Corporation Income Tax webpages.
Please note: Taxpayers that are subject to the Corporation Income Tax that are seeking a waiver of the requirement to file and/or pay electronically due to undue hardship should submit the Virginia Corporation Electronic Filing Waiver Request form.
Corporation Income Tax returns for the taxable year ending on June 30, 2013, must be filed on or before October 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 return.
The automatic six-month extension to file Corporation Income Tax returns for the taxable year ending on December 31, 2012, ends on October 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 that the extension penalty may apply to returns that were 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 webpage.
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 webpage for information on what updates taxpayers can make through Business iFile.
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