On October 30, 2012, Virginia Tax Commissioner Craing M. Burns announced some relief for businesses and individuals who have missed end of October filing deadlines due to Hurricane Sandy.
To qualify for this penalty waiver, taxpayers must be unable to meet their filing obligations because the financial books and records they need to file their tax returns are unavailable because of hurricane damage or power outage.
You still must file promptly and put specific wording at the top of your return.
See Tax Bulletin 12-7 for the specifics as to the returns to which this applies and how you request the relief.
