Tax Type
Corporation Income Tax
Description
Permission to file a separate return
Topic
Returns/Payments/Records
Date Issued
07-01-1985
July 1, 1985
Re: Virginia Code Section 58.1-442
Dear ****
This will reply to your letter of December 4, 1984, requesting permission for the above-referenced taxpayers to file separate Virginia income tax returns. On March 10, 1984, Parent acquired 100% ownership of S-l, which already owned 100% of S-2. Parent had previously owned 18% of the capital stock of S-1. All three taxpayers are North Carolina corporations. S-1 and S-2 have been filing a consolidated Virginia income tax return, and Parent has always filed a separate tax return for Virginia.
Permission is hereby granted for the above-referenced taxpayers to file separate Virginia income tax returns for the period ended September 29, 1984, and thereafter. The separate returns are 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
Re: Virginia Code Section 58.1-442
-
- Permission to File a Separate Return
Dear ****
This will reply to your letter of December 4, 1984, requesting permission for the above-referenced taxpayers to file separate Virginia income tax returns. On March 10, 1984, Parent acquired 100% ownership of S-l, which already owned 100% of S-2. Parent had previously owned 18% of the capital stock of S-1. All three taxpayers are North Carolina corporations. S-1 and S-2 have been filing a consolidated Virginia income tax return, and Parent has always filed a separate tax return for Virginia.
Permission is hereby granted for the above-referenced taxpayers to file separate Virginia income tax returns for the period ended September 29, 1984, and thereafter. The separate returns are 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