Tax Type
Corporation Income Tax
Description
Denial of a Refund
Topic
Returns/Payments/Records
Date Issued
07-29-1991
July 29, 1991
Re: § 58.1-1821 Application; Corporation Income Tax
Dear**********************
This will reply to your letter of July 1, 1991, in which you applied for correction of an assessment of corporation income tax that arose from a denial of a refund.
The auditor sent you a "no charge" letter because the statute of limitations on assessments had expired for taxable year 1986. The auditor did not review the 1989 loss year return or the carryback of the losses to 1986. No substantive consideration was given to your refund claims because they had not been filed at the time. The letter was not intended to be a denial of your refund claims. Because the department has not had the opportunity to review or take any action on the amended returns you filed with this application, your application for correction is premature.
Accordingly, I am forwarding your amended returns to the Technical Services Section, Office Services Division, for normal review and processing. If you are not satisfied with the results of this review, you may then reapply to me for correction of an erroneous assessment
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner