Individual Income Tax Filing Reminders
The following payments for the Virginia Individual Income Tax are due June 16, 2014:
- Estimated payments for the first installment period of 2014 (if required).
Paying your estimated income tax using the Department of Taxation'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 June 16, 2014 from:
- Fiscal year filers whose taxable year ends on February 28, 2014.
- Fiscal year filers whose taxable year ends on August 31, 2013 and who are filing under Virginia's automatic 6-month extension.
For details regarding Corporation Income Tax extensions and penalties, or for information on 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 June 16, 2014 from:
- Fiscal year filers whose taxable year ends on February 28, 2014.
- Fiscal year filers whose taxable year ends on August 31, 2013 and who are filing under Virginia's automatic 6-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 6-month 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 2014 returns, tax due payments, and extension payments, as well as Taxable Year 2015 estimated payments. Taxpayers 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.
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 on what updates taxpayers can make through Business iFile.
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