Tax Bulletins
Document Number:12-170
Bulletin Number: VTB 12-7
Tax Type:General Provisions
Brief Description:Penalty and Interest Waiver for Victims of Hurricane Sandy
Topics:Filing Extensions
Date Issued:10/30/2012
TAX BULLETIN 12-7
Virginia Department of Taxation

IMPORTANT INFORMATION REGARDING
THOSE AFFECTED BY HURRICANE SANDY

PENALTY AND INTEREST WAIVER FOR VICTIMS OF HURRICANE SANDY

October 30, 2012


Tax Commissioner Craig M. Burns has announced that Virginia will provide a penalty waiver to those individuals and businesses affected by Hurricane Sandy. This penalty waiver applies to any late returns filed or payments made by affected taxpayers between October 29, 2012 and November 9, 2012. To notify the Department of Taxation that you were affected by Hurricane Sandy, you must write “Hurricane Sandy” at the top of your return. The Department of Taxation will then abate any late-filing or late-payment penalties that would otherwise apply.

To qualify for this penalty waiver, taxpayers must be unable to meet their filing obligations because the financial books and records they need to file their taxes are unavailable because of hurricane damage or power outage.

The penalty waiver applies to the following returns:
The penalty waiver also applies to filers who use electronic funds transfer (EFT) for payment. Affected EFT filers should contact the Department of Taxation at (804) 367-8037 if they receive notices of penalty.

Additional penalty waivers may be granted in hardship cases. Written requests for additional waivers should be emailed to TaxIndReturns@tax.virginia.gov for personal tax inquiries and TaxBusQuestions@tax.virginia.gov for business tax inquiries, or directed to:

Customers can use Live Chat on the Department of Taxation's website at http://www.tax.virginia.gov to discuss account-specific questions. If customers prefer asking questions by telephone, then individual income tax filers should contact the Department at (804) 367-8031; business taxpayers should call (804) 367-8037 for assistance. Information is also available through the agency's website at http://www.tax.virginia.gov/.