Notice of Withholding Due Date Change for Employers
The due date for filing the Employer's Annual or Final Summary of Virginia Income Tax Withheld return (Form VA-6), Household Employer's Annual Summary of Virginia Income Tax Withheld return (Form VA-6H), and required wage statements (Forms W-2 and 1099) has been changed from February 28 to January 31.
By law, a return due on a Saturday, Sunday, or legal holiday becomes due the next business day. Because January 31, 2015 is a Saturday, the actual due date for the annual withholding forms and wage statements described above will be Monday, February 2, 2015.
The Virginia General Assembly approved the due date change during the 2014 session to allow for faster and more secure processing of individual income tax refunds.
Please note: If a business closes its withholding tax account before the end of the year, the employer must file Form VA-6 or VA-6H and the required wage statements within 30 days of the last month in which wages were paid. Employers are required to submit all withholding returns and W-2 wage statements electronically.
For electronic filing and payment options, please see the Department of Taxation's Business Online Services page.
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Early Release of 2014 Individual Income Tax Forms and Schedules Now Available Online
The Department has posted individual income tax forms and schedules for the 2014 tax season on its website. We don't plan to make any changes, but there could be circumstances that require modification. If revisions occur, we will update the forms in Early Release on the Department's website.
"A Guide to Taxable Year 2014 Tax Form Changes" is also available as a free, downloadable PDF.
The forms and schedules for the Virginia Corporate Income Tax, the Pass-Through Entity Tax
and the Premium License Tax will be posted in Early Release within the next two to three weeks.
The guide will also be updated at that time.
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Corporation Income Tax Filing Reminders
Corporation Income Tax returns (Form 500) are due electronically on or before September 15, 2014 from:
- Fiscal year filers whose taxable year ends on May 31, 2014.
- Fiscal year filers whose taxable year ends on November 30, 2013 and who are filing under Virginia's automatic six-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 September 15, 2014 from:
- Fiscal year filers whose taxable year ends on May 31, 2014.
- Fiscal year filers whose taxable year ends on November 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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Individual Filing Reminders
The following payments for the Virginia Individual Income Tax are due on or before September 15, 2014:
- Estimated payments for the third installment period of 2014 (if required).
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General Information Reminders
Virginia Automatic Extension Reminder: Virginia law provides for an automatic six-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 2013 returns, tax due payments, and extension payments, as well as Taxable Year 2014 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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