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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 20. General Provisions Applicable to All Taxes Administered by the Department of Taxation
11/21/2024

23VAC10-20-80. Waiver of time limitation on assessment of taxes.

A. Assessments. The Tax Commissioner and a taxpayer may agree to extend the period for assessing a tax prescribed by §§ 58.1-104 (period of limitations in general), 58.1-312 (relating to income tax only), 58.1-634 (relating to retail sales and use tax only) and 58.1-1812 (assessment of omitted taxes) of the Code of Virginia. Such agreements shall be in writing, on forms prescribed by the Tax Commissioner, and shall extend the period for assessing a tax for all issues relevant to the tax and taxable period for which the agreement is executed.

B. Refunds. Any such agreement will also extend the period for filing an amended return claiming a refund. See 23VAC10-20-190 for information regarding protective claims.

Statutory Authority

§58.1-203 of the Code of Virginia.

Historical Notes

Derived from VR630-1-101, eff. January 1, 1985, with retroactive effect according to § 58.1-203 of the Code of Virginia; amended, Virginia Register Volume 25, Issue 11, eff. March 4, 2009.

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