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P.O. Box 1115
Richmond, Va. 23218-1115
(804) 367-8031 (Individual)
(804) 367-8037 (Business)
 
 
May 2015 Filing Reminders         CORPORATON INCOMETAX
Filing Reminders

Corporation Income Tax returns (Form 500) are due electronically on or before May 15, 2015 from:
  • Fiscal year filers whose taxable year ends on Jan. 31, 2015.
  • Fiscal year filers whose taxable year ends on July 31, 2015 and who are filing under Virginia's automatic six-month extension.
Virginia Automatic Extension: Virginia grants an automatic six-month extension from the original due date to file returns. To take advantage of the automatic extension, the return must be filed on or before the end of the extension period. 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 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: If your business is subject to the Corporation Income Tax, you must file estimated tax payments, annual income tax returns and final payments electronically. If this requirement causes undue hardship, you may request a waiver from the Tax Commissioner by submitting the Virginia Corporation Electronic Filing Waiver Request form.

For details regarding Corporation Income Tax extensions and penalties, or for information on how to file and pay electronically, visit our Corporation Income Tax webpage. More electronic filing information is posted on our Corporate e-File webpage.