Tax Type
Corporation Income Tax
Description
Permission to file a consolidated return
Topic
Returns/Payments/Records
Date Issued
06-23-1988
June 23, 1988
Re: Virginia Code §58.1-442
Permission to File a Consolidated Return
Dear***************
This is in reply to your letter of September 8, 1987, requesting permission for the above-referenced taxpayers to file a consolidated return for the calendar year ended December 31, 1986. I apologize for the delay in responding.
Since this was the first year in which two or more affiliated corporations were required to file Virginia corporation income tax returns, permission to file a consolidated return is granted for the calendar year ended December 31, 1986, if the consolidated return includes all affiliated corporations subject to Virginia income tax, if all corporations use the same taxable year, and if all corporations would use the same apportionment factor if they were subject to tax in Virginia and one other state. The return should be filed using the name and identification number of the parent. The consolidated 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