Corporation Electronic Filing and Payment Requirement

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The 2012-2014 Appropriations Act requires all corporations to file their estimated tax payments, annual income tax returns and payments electronically beginning January 1, 2013. This takes affect beginning with Taxable Year 2012 returns, tax due payments and extension payments, and Taxable Year 2013 estimated payments. Corporations that are unable to file and pay electronically by the effective date should request a hardship waiver.

State E-File Program

The Department requires that annual corporate income tax returns be filed through the Fed/State e-File program.

  • If a tax due payment is required, the payment can be made through the e-File system as a direct debit or with an ACH Credit transaction established through the corporation’s bank.
  • Corporations must be able to create PDF files of all required attachments. This means you must either have a scanner that allows you to scan documents into a PDF file or another tool such as a version of Microsoft Office that allows you to save a Word or Excel file in a PDF format.
  • The e-File system is supported by numerous commercial software programs. View a list of approved e-File software.

Source: Virginia Department of Taxation

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


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