Tax Type
Corporation Income Tax
Description
Failure to file a corporation income tax return
Topic
Computation of Income
Corporate Distributions and Adjustments
Date Issued
12-20-1982
December 20, 1982
Re: Penalty for Failure to File Corporation Income Tax Return
For the Year 1979
Dear ****************
This is in response to your letter of October 6, 1982 in which you request relief from a penalty assessed for failure to file a corporation income tax return for the year 1979.
You advise that the corporation has not been actively engaged in business since prior to the year 1979 and that documents have been filed with the State Corporation Commission for dissolution of the corporation.
In compliance with Virginia income tax laws, corporation income tax returns must be filed for each taxable year prior to dissolution even though the corporation may have been inactive for some of the years. If all required Virginia income tax returns are filed within a period of thirty days from the date of this letter the assessed penalty will be abated.
Sincerely,
W. H. Forst
State Tax Commissioner
Rulings of the Tax Commissioner