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Virginia Issues Tax Amnesty Guidelines

The Virginia Department of Taxation recently issued guidelines on its fast-approaching tax amnesty program that will be administered from September 13, 2017 through November 14, 2017. The program, which was implemented by legislation signed into law earlier this year, allows taxpayers with unpaid tax liabilities due to Virginia to receive a waiver of all civil […]

Virginia to Administer Tax Amnesty

On February 20, 2017, the Governor of Virginia signed legislation into law that will require the Virginia Department of Taxation to administer a tax amnesty program. The legislation, House Bill 2246, requires the program to take place sometime between July 1, 2017 and June 30, 2018, for a period of 60-75 days. This  amnesty program […]

Market-Based Sourcing: Not Just a Trend

The shift to market-based sourcing is more than just a trend in state income tax. More than 20 states have adopted this method for the sourcing of services, with a handful of others poised to follow suit. Recently, both Missouri and Tennessee adopted market-based sourcing. Further, most states with major economic hubs are now sourcing […]

Virginia’s New Sales Tax Rates: What Rate Applies?

Virginia’s increased sales tax rates took effect on July 1, 2013, and complying with the new rates will not be as easy as hard coding a new rate into your sales tax compliance system.  Not only will the general rate increase from 5% to 5.3% (this rate includes the local 1% tax), an additional 0.7% […]