Tax Type
Corporation Income Tax
Description
Permission to file a combined return
Topic
Returns/Payments/Records
Date Issued
08-26-1986
August 26, 1986
Re: Virginia Code §58.1-442
Permission to File a Combined Return
Dear **************************
This will reply to your letter of June 12, 1986 requesting permission for the above-referenced taxpayers to file a combined Virginia income tax return for the year ended December 31, 1985.
You have indicated that Parent sold Subsidiary 2 on August 1985, and that Subsidiaries 3, 4 and 5 were merged July 1985 into Subsidiary 1 (newly incorporated) which had bought them on February 1985. You also indicate that the above-referenced taxpayers represent all of the affiliated group which were subject to Virginia income tax for calendar 1985, and that all filed separate Virginia income tax returns when applicable. However, only Parent and Subsidiary 1 file using the same taxable year.
Based on the foregoing representations, permission is hereby granted for Parent and 1 to file a combined return for the year ended December 31, 1985 and thereafter. The return should be filed using the name and identification number of the Parent. The combined return is to be filed in accordance with the requirements set forth in the Virginia Corporation Income Tax Regulations §630-3-442 (copy enclosed). The remaining Subsidiaries must file separate short-period returns, because they have different year ends from Parent and Subsidiary 1.
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner