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Virginia Fed/State e-File Program (con’t)

Electronic Postmark

A Transmitter may provide an electronic postmark to taxpayers that file Tax Returns through an ERO or

through Online Filing. The Transmitter creates the electronic postmark bearing the date and time (in

the Transmitter’s time zone) that the return is received at the Transmitter’s host computer. The taxpayer

must adjust the electronic postmark to the time zone where the taxpayer resides in order to determine

the postmark’s actual time.

If the electronic postmark is on or before the prescribed deadline for filing and the Department receives

the return after the prescribed deadline for filing, the Department treats the return as timely filed. If the

electronic postmark is after the prescribed deadline for filing, the Department treats the return as being

filed late. If the electronic postmark is not available, then the IRS received date is used.

Acknowledgement of Returns

Virginia will send an acknowledgment for all returns received. The acknowledgment type will be either

“Accepted” or “Rejected”.

Accepted – This indicates that the electronic return was received and accepted. The transmission

successfully completed the pre-entry validation process and no further action is required.

Rejected – This indicates that the electronic return was received and rejected. The acknowledgment

contains codes with error descriptions, detailed in Appendix A and Appendix B, that indicate the

cause of the rejection. The error condition(s) must be corrected before the return can be re-transmitted

as an “Unlinked” submission.

Note: Acknowledgement files must be retained for one year after submission.

Legislative Changes for Tax Year 2013

Advancement of Virginia’s Fixed Date Conformity with the Internal Revenue Code

Virginia’s date of conformity with the Internal Revenue Code (IRC) was advanced from December 31,

2011, to January 2, 2013, with limited exceptions. Virginia will continue to disallow federal income tax

deductions for the 30% and 50% bonus depreciation allowed for certain assets and the five-year

carryback of federal net operating loss deductions generated in taxable years 2008 or 2009. Also,

Virginia will continue to disallow the income tax deductions related to applicable high yield discount

obligations under IRC § 163(e)(5)(F).

At the time these instructions went to print, the only required adjustments for “fixed date conformity”

were those mentioned above. However, if federal legislation is enacted that results in changes to the

Internal Revenue Code for the 2013 taxable year, taxpayers will be required to make adjustments to

their Virginia returns that are not described in the instruction booklet. Information about any such

adjustments will be posted on our website See “Fixed Date Conformity” under

Schedule ADJ Instructions in this Handbook for additional information.

Manufacturer’s Apportionment Factor – Alternative Method

Qualifying manufacturers may elect a quadruple-weighted sales factor for taxable years beginning on or

after July 1, 2013, but before July 1, 2014. A single sales factor may be elected for taxable years

beginning on and after July 1, 2014. See the instructions for Schedule 500A for details on how to

compute apportionable income factors.

Handbook for Authorized Tax Preparers & Electronic Return Originators of Virginia Corporate & PTE Tax Returns

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Log For Authorized Tax Preparers & Electronic Return Originators Of Virginia Corporate & Pte Tax Returns - Virginia Department Of Taxation - 2013 Page 6