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Established by the Virginia General Assembly in 1950, [5] the agency is headquartered in Richmond, Virginia and is overseen by the Virginia Secretary of Finance, with day-to-day operations led by a Tax Commissioner appointed by the Governor of Virginia.
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
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 ...
Currently, individuals would pay sales tax on a CD but not a digital download, and a company would pay taxes on a physical server but not cloud storage, Democratic Sen. L. Louise Lucas, chair of ...
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RICHMOND, Va. (WJHL) — Virginia Governor Glenn Youngin announced a budget proposal on Monday to make service tips exempt from the state’s income tax. In a news release from Youngkin’s office ...
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We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
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