Tax Type
Individual Income Tax
Description
Out-of-state tax credit; Alternative method
Topic
Credits
Date Issued
04-19-1994
April 19, 1994
Re: §58.1-1821 Application: Individual Income Tax
Dear********************
This will reply to your letter in which you request the correction of an assessment issued against ***************concerning the calculation of the Virginia out-of-state tax credit on income earned from New York sources.
Enclosed please find a copy of two recent rulings issued by the department in which the taxpayers' application for correction of their respective assessments based upon an alternative method of calculation of the out-of-state credit was rejected. The issue raised in your appeal are analogous to those addressed in the recent rulings. Thus, for the same reasons set forth in the rulings, I must also deny your request for an alternative method.
Sincerely,
Danny M. Payne
Acting Tax Commissioner
OTP/7002L
Rulings of the Tax Commissioner