58.1-2640 - Declarations of estimated tax required; contents, etc. - Virginia Statutes

§ 58.1-2640. Declarations of estimated tax required; contents, etc.

A. Every taxpayer that is subject to a state license tax imposed by §58.1-2626 shall make a declaration of estimated tax for the taxable year ifthe tax imposed by this chapter, for the tax year, can reasonably be expectedto exceed $5,000.

Such declaration shall contain such pertinent information as the Commissionmay by forms or regulations prescribe.

B. A taxpayer with a taxable year of less than twelve months shall make adeclaration in accordance with regulations prescribed by the Commission.

(Code 1950, § 58-514.4; 1968, c. 15; 1984, c. 675; 1988, c. 899; 2002, c.502.)