Virginia Tax Returns and Refunds
Virginia allows composite tax returns for pass-through entities. They must be filed by the due date with extensions using owners’ ID numbers. It uses Virginia’s highest income tax rate, must be signed by an authorized person.
Virginia owes income tax refunds delayed by changes to conform to federal law.
S-corporations automatically have the same status in Virginia as federally.
Tax IDs and Pass-Through Entities
A Virginia Tax PIN helps protect against refund fraud. Social Security numbers are common tax ID numbers.
Pass-through entities pass through income to owners who report it on returns. Some states allow them to file a composite return for nonresident owners.
Composite Returns in Other States
Some states allowing composite returns are Alabama, Connecticut, Delaware, Idaho, Wisconsin, South Carolina, Massachusetts, Michigan, New Hampshire, Arizona, New York, and Vermont, plus Washington D.C.