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[6] [7] [8] The mission of the agency is to "serve the public by acting ethically and efficiently in our administration of Virginia’s tax laws." [1] The agency is currently led by Craig M. Burns, who has served as Tax Commissioner since November 2010 [9] [10]
Commissioners also assist taxpayers in completing state tax returns and filing forms. The Virginia General Assembly grants the Commissioner of the Revenue the power to summons taxpayers, to issue statutory assessments, to audit taxpayer returns, and, if necessary, to file civil and criminal proceedings against taxpayers for failure to file ...
The U.S. federal and most state income tax systems tax the worldwide income of citizens and residents. [18] A federal foreign tax credit is granted for foreign income taxes. Individuals residing abroad may also claim the foreign earned income exclusion. Individuals may be a citizen or resident of the United States but not a resident of a state.
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Sales Tax Management Service (STMS) is a type of accounting software that helps companies comply with United States sales tax requirements. STMS systems automatically calculate taxes for individual sales transactions and are delivered on-demand as a web-based “software as a service” (SaaS). They are designed to be compatible with a business ...
The Virginia Constitution of 1902 created the SCC to replace the Virginia Board of Public Works and the Office of Railroad Commissioner. The three-member Commission was charged with regulating the state railroads and telephone and telegraph companies and with registering corporations in Virginia. The SCC began operations on March 2, 1903.
The Virginia state treasurer is the head of the Virginia Department of the Treasury. They are the primary manager of the state's multi-billion dollar investment portfolio and oversee the issuance of bonds and management of debt in excess of $15 billion.