Tax Type
Corporation Income Tax
Description
Permission to file one Virginia return for year 1989, Filing two federal returns
Topic
Returns/Payments/Records
Date Issued
01-11-1990
January 11, 1990
Re: Virginia Code §58.1-440
Accounting Period
Dear**************
This is in reply to your letter of July 7, 1989 in which you request permission for *****and its subsidiaries to file a single Virginia corporation income tax return for calendar year 1989.
FACTS
Because of a change in ownership,***********(Taxpayer) and its subsidiaries are required to file two federal income tax returns for calendar year 1989. Even though there was a change in ownership, Taxpayer and its subsidiaries continue to operate in the same corporate form and will continue to use a calendar year as their accounting period.
As an administrative convenience, you request permission to file one Virginia corporate income tax return for calendar year 1989.
RULING
Based upon the facts presented, I hereby rule that the Taxpayer and its subsidiaries may file one Virginia corporate income tax return for the entire calendar year 1989.
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner