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P.O. Box 1115
Richmond, Va. 23218-1115
(804) 367-8031 (Individual)
(804) 367-8037 (Business)
 
 
June 2015 e-Alerts Digest       CORPORATION INCOME TAX
Filing Reminderstwo

Corporation Income Tax returns (Form 500) are due electronically on or before June 15, 2015 from:
  • Fiscal year filers whose taxable year ends on Feb. 28, 2015.
  • Fiscal year filers whose taxable year ends on Aug. 31, 2014 and who are filing under Virginia's automatic six-month extension.
Virginia Automatic Extension: Virginia law 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 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: 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 web page. More electronic filing information is posted on our Corporate e-File web page.

Fee Charged for Previously Filed Tax Returnsthree

 

Effective July 1, 2015, we will begin charging $5 for each copy of a previously filed tax return. You may request copies of returns up to five years back for individual income, corporation income and pass-through entity, or five tax periods back for sales and use and employer withholding.
 

Only the authorized taxpayer, power of attorney, court appointed representative or officer of a company may request copies. The PAR 101 Form does not authorize copies of tax returns.
Payment by check or money order must be enclosed with Form VA-1. 

 

Go to Copies of Tax Returns on our website for more information. 


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