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Individual Income Tax Filing Reminders
The following returns and payments for the Virginia Individual Income Tax are due May 1, 2014:
- Estimated payments for the first installment period of 2014 (if required).
- 2013 tax returns and tax due payments for calendar year filers.
Paying your estimated income tax using the Department's free online service is the fastest and most efficient way to make your payment. For information on determining whether estimated tax payment requirements apply, visit the Department's Estimated Tax and Extension Payments
for individuals web page.
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Corporation Income Tax Filing Reminders
Corporation Income Tax returns (Form 500) are due electronically on or before Feb. 18, 2014 from:
- 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.
For details about Corporation Income Tax extensions and penalties, or for information about how to file and pay electronically, visit the Department's Corporation Income Tax web page.
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Pass-Through Entity Filing Reminders
Pass-through entity returns (Form 502) are due on or before Feb. 18, 2014 from:
- 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.
For details regarding pass-through entity filing extensions and penalties, visit the Department's Pass-Through Entity web page.
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General Information Reminders
Virginia Automatic Extension Reminder: Virginia law provides for an automatic six-month filing extension from the original due date for filing for individual taxpayers, corporations filing Form 500, and pass-through entities filing Form 502. 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.
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 2013 returns, tax due payments and extension payments, as well as taxable year 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 Virginia Corporation Electronic Filing Waiver Request form.
For details regarding pass-through entity filing extensions and penalties, visit the Department's Pass-Through Entity web page.
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Form 502 Electronic Filing Now Available
The Department's e-File program now accepts electronic filing of Form 502 by pass-through entities (PTEs). The Department's program works with the federal e-File program and is supported by several commercial software programs. This software checks to make sure your return is complete, corrects errors and electronically files any required forms and schedules.
The e-File program has many advantages over paper filing, such as:
- Confirmation - Immediate notification that your return was received and accepted (or rejected)
- Convenient - Available online 24/7
- Easy - User friendly with step-by-step instructions
- Accurate Processing - Fewer math errors because the software catches many mistakes
- "One Stop Shop" - Prepare and file your federal and Virginia tax returns at the same time.
- Electronic Banking - Convenience of Direct Debit for payment of tax owed
- Warehouse payments - File now and pay later. Decide what day we debit your bank account for your tax payment.
- Saves paper and postage - No mailing of paper returns
- Safe and secure - Safer than mailing your tax return
Currently, taxpayers are not required to file Form 502 electronically. However, the Department will require electronic filing of Form 502 beginning in January 2015. The Department encourages taxpayers to become familiar with PTE e-File before it becomes mandatory to save time filing their returns next year. Visit the Department's website for a list of approved commercial e-File software and other e-File program information.
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Farmers, Fishermen and Merchant Seamen Filing Reminder
Under Virginia, law farmers, fishermen and merchant seamen who receive two-thirds of their estimated Virginia gross income from self-employed farming or fishing have special filing requirements that allow them to make fewer payments. If you qualify as a farmer, fisherman or merchant seaman, don't forget to file your 2013 tax return and pay your tax due by March 3, 2014 to avoid charges for underpaying estimated taxes.
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New Customer Services Phone Menu
The Department recently converted to a new phone system to improve the customer experience for taxpayers and tax professionals. During the conversion, the phone menu options presented when a taxpayer calls Customer Services were also changed.
The main menu now offers a caller the following options:
- Check the status of your refund by phone.
- Set up a payment plan for a tax bill.
- Obtain contact information from the Department.
- Listen to a description of the Department's online services.
- Connect to a Customer Services Representative.
If the caller decides to speak with a Customer Services Representative, a representative can assist him or her with:
- Placing an order for tax forms.
- Obtaining information about his or her refund status.
- Answering inquiries about a bill issued by the Department.
- Answering specific questions regarding his or her tax account.
To discuss information regarding a client's account, or for general Individual Income Tax inquiries, call the Tax Professionals Hotline at (804) 367-9286.
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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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