- A. Assessments. The Tax Commissioner and a taxpayer may agree to extend the period for assessing a tax prescribed by §§ 58.1-104 (period of limitations in general), 58.1-312 (relating to income tax only), 58.1-634 (relating to retail sales and use tax only) and 58.1-1812 (assessment of omitted taxes) of the Code of Virginia. Such agreements shall be in writing, on forms prescribed by the Tax Commissioner, and shall extend the period for assessing a tax for all issues relevant to the tax and taxable period for which the agreement is executed.
- B. Refunds. Any such agreement will also extend the period for filing an amended return claiming a refund. See 23VAC10-20-190 for information regarding protective claims.
Statutory Authority
§58.1-203 of the Code of Virginia.
Historical Notes
Derived from VR630-1-101, eff. January 1, 1985, with retroactive effect according to § 58.1-203 of the Code of Virginia; amended, Virginia Register Volume 25, Issue 11, eff. March 4, 2009.