Tax Type
Corporation Income Tax
Description
Permission to file a combined return
Topic
Returns/Payments/Records
Date Issued
02-26-1986
February 26, 1986
Re: Virginia Code Section 58.1-442
Permission To File A Combined Return
Dear ****************
This will reply to your letter of November 13, 1985, requesting permission for the above-referenced taxpayers to file a combined Virginia income tax return for the taxable year ended December 31, 1985.
You indicate that Parent acquired all of the outstanding stock of Subsidiary as of January 1, 1985. Subsidiary had been filing a combined return with its previous parent, using a June 30 taxable year. Parent, whose taxable year is December 31, qualified to do business in Virginia during 1985. You further indicate that the above-referenced taxpayers are members of an affiliated group eligible to file a combined return, and that the above-referenced taxpayers represent all of the members of the affiliated group which are subject to Virginia income tax.
Based on the foregoing representations, permission is hereby granted for the above-referenced taxpayers to file a combined return for the taxable year ended December 31, 1985 and thereafter. The return should be filed using the name and identification number of the Parent. The combined return is to be filed in accordance with the requirements set forth in the Virginia Corporation Income Tax Regulations §630-3-442 (copy enclosed).
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner