The Virginia legislature has authorized a tax amnesty program to run for 60 to 75 days during the 12 month period beginning July 1, 2009 through June 30, 2010, with the exact dates of the program to be established by the Tax Commissioner.

The program will be available to any person, i.e., individual, corporation, estate, trust or partnership, subject to any tax administered or collected by the Virginia Department of Taxation. However, the amnesty will not cover:

1. income tax liabilities attributable to tax years beginning after Dec. 31, 2007; or,
2. any assessment outstanding for which the date of assessment is less than 90 days before the first day of the program or any liability arising from the failure to file a return for which the due date of the return is less than 90 days before the first day of the program.

Taxpayers currently under investigation or prosecution for filing a fraudulent return or failing to file a return with the intent to evade tax will not be eligible to participate in the program.

We will make operational details of the program available when they are released by the Virginia Department of Taxation.