Filing Reminders
Corporation Income Tax returns (Form 500) are due electronically on or before February 18, 2014 from:
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Fiscal year filers whose taxable year ends on Oct. 31, 2013.
- Fiscal year filers whose taxable year ends on April 30, 2013 and who are filing under Virginia's automatic six-month extension.
Virginia Automatic Extension Reminder:
Virginia law provides for an automatic six-month extension from the original due date for filing. To take advantage of the automatic extension, the return must be filed on or before the end of the extension period. Please note: The automatic 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. Also, 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 details regarding Corporation Income Tax extensions and penalties or for information on how to file and pay electronically, visit the Department's
Electronic Filing Mandate Reminder:
All taxpayers who 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 2012/2013 returns, tax due payments and extension payments, as well as Taxable Year 2013/2014 estimated payments. Taxpayers subject to the Corporation Income Tax who are seeking a waiver of the requirement to file and/or pay electronically because of undue hardship should submit the
form.
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 web page for information about which updates taxpayers can make through Business iFile.
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Helpful Resource: Virginia Taxpayer Bill of Rights
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. The field audit section also 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.
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