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23 VAC Title 23 Agency 10 — Virginia Tax Regulations

23VAC10-112-26

Declarations of estimated tax; fiscal year

Official textlaw.lis.virginia.gov

23VAC10-112-20 through 23VAC10-112-28 shall also apply to a taxable year other than a calendar year. In the case of a fiscal year: the 15th day of the fourth month shall be substituted for May 1; the 15th day of the sixth month shall be substituted for June 15; the 15th day of the ninth month shall be substituted for September 15 and the 15th day of the first month of the succeeding taxable year shall be substituted for January 15.

EXAMPLE: Taxpayer F is a fiscal year taxpayer whose taxable year ends on June 30. His income tax return is due on October 15 (15th day of the fourth month following the close of his taxable year). His estimated payments are due on October 15, December 15, March 15 and July 15 of the succeeding taxable year.

Last amended: Historical Notes Derived from VR630-2-490.2 § 8; adopted September 19, 1984, eff. January 1, 1985; amended, eff. February 1, 1989, but retroactive in effect for taxable years beginning on and after Ja

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Nearby sections (25 sections)
  1. 10-110-270 · Extension of time for filing returns
  2. 10-110-280 · (Repealed.)
  3. 10-110-290 · (Repealed.)
  4. 10-110-310 · When, where and how taxes payable and collectible
  5. 10-110-320 · Individual refunds; crediting overpayment against…
  6. 10-112-10 · Definitions
  7. 10-112-20 · Declarations of estimated tax; requirement of declaration
  8. 10-112-21 · Declarations of estimated tax; contents of declaration
  9. 10-112-22 · Declarations of estimated tax; joint declaration by husband…
  10. 10-112-23 · Declarations of estimated tax; time for filing declaration
  11. 10-112-24 · Declarations of estimated tax; amendments of declaration
  12. 10-112-25 · Declarations of estimated tax; return as declaration or…
  13. 10-112-26 · Declarations of estimated tax; fiscal year
  14. 10-112-27 · Declarations of estimated tax; short taxable year;…
  15. 10-112-28 · Declaration for individual under a disability
  16. 10-112-30 · Payments of estimated tax
  17. 10-112-40 · (Repealed.)
  18. 10-112-41 · (Repealed.)
  19. 10-112-42 · Failure by individual to pay estimated tax; period of…
  20. 10-112-43 · Failure by individual to pay estimated tax; exception
  21. 10-112-44 · Failure of individual to pay estimated tax; application of…
  22. 10-112-45 · Failure of individual to pay estimated tax; short taxable…
  23. 10-112-50 · (Repealed.)
  24. 10-115-10 · (Repealed.)
  25. 10-115-20 · Transitional modifications to Virginia income
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