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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 112. Declaration of Estimated Income Tax by Individuals
12/26/2024

23VAC10-112-26. Declarations of estimated tax; fiscal year.

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.

Statutory Authority

§§ 58.1-203 and 58.1-490 of the Code of Virginia.

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 January 1, 1987.

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