23 Va. Admin. Code § 10-115-155

Current through Register Vol. 41, No. 9, December 16, 2024

Section 23VAC10-115-155 - Credit against estimated tax liability

If the annual income tax return shows that the estate or trust is entitled to a refund of income tax by reason of overestimating and overpaying estimated tax the fiduciary may elect to have all or a portion of such refund applied to the payment of estimated tax liability for the following taxable year.

23 Va. Admin. Code § 10-115-155

Derived from VR630-5-491 § 7, eff. February 2, 1989.

Statutory Authority

§§ 58.1-203 and 58.1-491 of the Code of Virginia.