Virginia § 58.1-454 Department may estimate corporation's tax when no return filed

Virginia Statutes

§ 58.1-454 — Department may estimate corporation's tax when no return filed

Virginia § 58.1-454

JurisdictionVirginia

Title 58.1TAXATION

Subtitle ITAXES ADMINISTERED BY THE DEPARTMENT OF TAXATION

Ch. 3INCOME TAX

Art. 14ACCOUNTING, RETURNS, PROCEDURES FOR CORPORATIONS

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Bluebook

Va. Code Ann. § 58.1-454 (2026).

Text

If any report or return required to be made by any corporation under this chapter is not made as herein required, the Department is authorized to make an estimate of the net income of such corporation and of the amount of tax due under this chapter, from any information in its possession, and to order and state an account according to such estimate for the taxes, penalties and interest due to the Commonwealth from such corporation.

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If any report or return required to be made by any corporation under this chapter is not made as herein required, the Department is authorized to make an estimate of the net income of such corporation and of the amount of tax due under this chapter, from any information in its possession, and to order and state an account according to such estimate for the taxes, penalties and interest due to the Commonwealth from such corporation.