{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-399.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-399.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-399.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-399.html"}],"law_id":74602,"edition_id":1,"section_id":74602,"structure_id":15666,"section_number":"58.1-399","catch_line":"Reporting and payment requirements for a partnership subject to a final federal adjustment","history":"2020, c. 1030.","full_text":"A\n\nExcept as otherwise provided in this article, any final federal adjustment shall be reported pursuant to the provisions of subsection B. This subsection shall not apply to a final federal adjustment for which election has been properly made pursuant to § 58.1-399.1.B\n\nNo later than 90 days after the final determination date, a partnership shall:1\n\nFile with the Department a completed federal adjustments report, which shall include any information required by the Department;2\n\nNotify each direct partner of its distributive share of the final federal adjustments and provide to each direct partner any other information required by the Department;3\n\nFile an amended composite return pursuant to § 58.1-395 if such return previously was filed on behalf of nonresident partners;4\n\nFile an amended return pursuant to § 58.1-392; and5\n\nPay any additional amount that may be required pursuant to the provisions of §§ 58.1-395 and 58.1-486.2.C\n\nExcept as provided under \u00a7 58.1-321, no later than one year after the final determination date, each direct partner subject to tax pursuant to the provisions of Article 2 (\u00a7 58.1-320 et seq.), 6 (\u00a7 58.1-360 et seq.), or 10 (\u00a7 58.1-400) shall:1\n\nFile a federal adjustments report that identifies the distributive share of adjustments reported to such direct partner under subdivision B 2; and2\n\nPay any additional amount of tax due as if final federal adjustments had been properly reported, including any penalty and interest due under this title. Such payment may be reduced by any credit for related amounts paid or withheld and remitted on behalf of the direct partner pursuant to subdivision B 3, 4, or 5.","order_by":null,"text":{"0":{"id":268100,"text":"Except as otherwise provided in this article, any final federal adjustment shall be reported pursuant to the provisions of subsection B. This subsection shall not apply to a final federal adjustment for which election has been properly made pursuant to § 58.1-399.1.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":268101,"text":"No later than 90 days after the final determination date, a partnership shall:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":268102,"text":"File with the Department a completed federal adjustments report, which shall include any information required by the Department;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":268103,"text":"Notify each direct partner of its distributive share of the final federal adjustments and provide to each direct partner any other information required by the Department;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":268104,"text":"File an amended composite return pursuant to § 58.1-395 if such return previously was filed on behalf of nonresident partners;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":268105,"text":"File an amended return pursuant to § 58.1-392; and","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"6":{"id":268106,"text":"Pay any additional amount that may be required pursuant to the provisions of §§ 58.1-395 and 58.1-486.2.","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"C"},"7":{"id":268107,"text":"Except as provided under \u00a7 58.1-321, no later than one year after the final determination date, each direct partner subject to tax pursuant to the provisions of Article 2 (\u00a7 58.1-320 et seq.), 6 (\u00a7 58.1-360 et seq.), or 10 (\u00a7 58.1-400) shall:","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B5","next_prefix":"C1"},"8":{"id":268108,"text":"File a federal adjustments report that identifies the distributive share of adjustments reported to such direct partner under subdivision B 2; and","type":"section","prefixes":["C","1"],"prefix":"1","entire_prefix":"C1","prefix_anchor":"C1","level":2,"prior_prefix":"C","next_prefix":"C2"},"9":{"id":268109,"text":"Pay any additional amount of tax due as if final federal adjustments had been properly reported, including any penalty and interest due under this title. Such payment may be reduced by any credit for related amounts paid or withheld and remitted on behalf of the direct partner pursuant to subdivision B 3, 4, or 5.","type":"section","prefixes":["C","2"],"prefix":"2","entire_prefix":"C2","prefix_anchor":"C2","level":2,"prior_prefix":"C1"}},"ancestry":[{"id":15666,"edition_id":1,"name":"Reporting Adjustments to Federal Taxable Income from Federal Partnership Audits","identifier":"9.1","label":"article","depth":4,"order_by":1,"parent_id":13152,"metadata":{},"date_created":"2026-06-26 03:57:38","date_modified":"2026-06-26 03:57:38","permalink":{"id":254497,"object_type":"structure","relational_id":15666,"identifier":"9.1","token":"58.1\/I\/3\/9.1","url":"\/58.1\/I\/3\/9.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13152,"edition_id":1,"name":"Income Tax","identifier":"3","label":"chapter","depth":3,"order_by":1,"parent_id":12837,"metadata":{},"date_created":"2026-06-26 03:44:21","date_modified":"2026-06-26 03:44:21","permalink":{"id":253267,"object_type":"structure","relational_id":13152,"identifier":"3","token":"58.1\/I\/3","url":"\/58.1\/I\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12837,"edition_id":1,"name":"Taxes Administered by the Department of Taxation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":252075,"object_type":"structure","relational_id":12837,"identifier":"I","token":"58.1\/I","url":"\/58.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67971,"structure_id":15666,"section_number":"58.1-396","catch_line":"Definitions","url":"\/58.1-396\/","token":"58.1\/I\/3\/9.1\/58.1-396","metadata":false},{"id":65681,"structure_id":15666,"section_number":"58.1-397","catch_line":"Reporting requirement; administrative adjustment requests","url":"\/58.1-397\/","token":"58.1\/I\/3\/9.1\/58.1-397","metadata":false},{"id":64151,"structure_id":15666,"section_number":"58.1-398","catch_line":"State partnership representative","url":"\/58.1-398\/","token":"58.1\/I\/3\/9.1\/58.1-398","metadata":false},{"id":74602,"structure_id":15666,"section_number":"58.1-399","catch_line":"Reporting and payment requirements for a partnership subject to a final federal adjustment","url":"\/58.1-399\/","token":"58.1\/I\/3\/9.1\/58.1-399","metadata":false},{"id":79092,"structure_id":15666,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","url":"\/58.1-399.1\/","token":"58.1\/I\/3\/9.1\/58.1-399.1","metadata":false},{"id":77477,"structure_id":15666,"section_number":"58.1-399.2","catch_line":"Tiered partners","url":"\/58.1-399.2\/","token":"58.1\/I\/3\/9.1\/58.1-399.2","metadata":false},{"id":68782,"structure_id":15666,"section_number":"58.1-399.3","catch_line":"Alternative reporting and payment method","url":"\/58.1-399.3\/","token":"58.1\/I\/3\/9.1\/58.1-399.3","metadata":false},{"id":59939,"structure_id":15666,"section_number":"58.1-399.4","catch_line":"Effect of election","url":"\/58.1-399.4\/","token":"58.1\/I\/3\/9.1\/58.1-399.4","metadata":false},{"id":87004,"structure_id":15666,"section_number":"58.1-399.5","catch_line":"Failure to pay","url":"\/58.1-399.5\/","token":"58.1\/I\/3\/9.1\/58.1-399.5","metadata":false},{"id":60112,"structure_id":15666,"section_number":"58.1-399.6","catch_line":"De minimis exception","url":"\/58.1-399.6\/","token":"58.1\/I\/3\/9.1\/58.1-399.6","metadata":false},{"id":72733,"structure_id":15666,"section_number":"58.1-399.7","catch_line":"Administration","url":"\/58.1-399.7\/","token":"58.1\/I\/3\/9.1\/58.1-399.7","metadata":false}],"previous_section":{"id":64151,"structure_id":15666,"section_number":"58.1-398","catch_line":"State partnership representative","url":"\/58.1-398\/","token":"58.1\/I\/3\/9.1\/58.1-398","metadata":false},"next_section":{"id":79092,"structure_id":15666,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","url":"\/58.1-399.1\/","token":"58.1\/I\/3\/9.1\/58.1-399.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-399\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapter 1030<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":79092,"section_number":"58.1-399.1","catch_line":"Elective payment by a partnership","order_by":null,"url":"\/58.1-399.1\/"},{"id":77477,"section_number":"58.1-399.2","catch_line":"Tiered partners","order_by":null,"url":"\/58.1-399.2\/"},{"id":72733,"section_number":"58.1-399.7","catch_line":"Administration","order_by":null,"url":"\/58.1-399.7\/"}],"refers_to":[{"id":62270,"section_number":"58.1-320","catch_line":"Imposition of tax","order_by":null,"url":"\/58.1-320\/"},{"id":77087,"section_number":"58.1-321","catch_line":"Exemptions and exclusions","order_by":null,"url":"\/58.1-321\/"},{"id":82371,"section_number":"58.1-360","catch_line":"Imposition of tax","order_by":null,"url":"\/58.1-360\/"},{"id":62314,"section_number":"58.1-392","catch_line":"Reports by pass-through entities","order_by":null,"url":"\/58.1-392\/"},{"id":60426,"section_number":"58.1-395","catch_line":"Nonresident owners","order_by":null,"url":"\/58.1-395\/"},{"id":60955,"section_number":"58.1-400","catch_line":"Imposition of tax","order_by":null,"url":"\/58.1-400\/"}],"permalink":{"id":254511,"object_type":"law","relational_id":74602,"identifier":"58.1-399","token":"58.1\/I\/3\/9.1\/58.1-399","url":"\/58.1-399\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-399\/","token":"58.1\/I\/3\/9.1\/58.1-399","dublin_core":{"Title":"Reporting and payment requirements for a partnership subject to a final federal adjustment","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-399","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as otherwise provided in this article, any final federal adjustment<\/span> shall be reported pursuant to the provisions of subsection B. This subsection shall not apply to a final federal adjustment<\/span> for which election has been properly made pursuant to § 58.1-399.1<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> No later than 90 days after the final determination date<\/span>, a partnership<\/span> shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> File with the Department<\/span> a completed federal adjustments report<\/span>, which shall include any information required by the Department<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Notify each direct partner<\/span> of its distributive share of the final federal adjustments<\/span> and provide to each direct partner<\/span> any other information required by the Department<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> File an amended composite return pursuant to § 58.1-395<\/a> if such return previously was filed on behalf of nonresident partners<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> File an amended return pursuant to § 58.1-392<\/a>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Pay any additional amount that may be required pursuant to the provisions of §§ 58.1-395<\/a> and 58.1-486.2<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Except as provided under \u00a7 58.1-321<\/a>, no later than one year after the final determination date<\/span>, each direct partner<\/span> subject to tax pursuant to the provisions of Article 2 (\u00a7 58.1-320<\/a> et seq.), 6 (\u00a7 58.1-360<\/a> et seq.), or 10 (\u00a7 58.1-400<\/a>) shall: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> File a federal adjustments report<\/span> that identifies the distributive share of adjustments reported to such direct partner<\/span> under subdivision B 2; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Pay any additional amount of tax due as if final federal adjustments<\/span> had been properly reported, including any penalty<\/span> and interest due under this title. Such payment may be reduced by any credit for related amounts paid or withheld and remitted on behalf of the direct partner<\/span> pursuant to subdivision B 3, 4, or 5. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTING AND PAYMENT REQUIREMENTS FOR A PARTNERSHIP SUBJECT TO A FINAL FEDERAL\nADJUSTMENT (\u00a7 58.1-399)\n\nA. Except as otherwise provided in this article, any final federal adjustment\nshall be reported pursuant to the provisions of subsection B. This subsection\nshall not apply to a final federal adjustment for which election has been\nproperly made pursuant to § 58.1-399.1.\n\nB. No later than 90 days after the final determination date, a partnership\nshall:\n\n 1. File with the Department a completed federal adjustments report, which\n shall include any information required by the Department;\n\n 2. Notify each direct partner of its distributive share of the final federal\n adjustments and provide to each direct partner any other information required\n by the Department;\n\n 3. File an amended composite return pursuant to § 58.1-395 if such return\n previously was filed on behalf of nonresident partners;\n\n 4. File an amended return pursuant to § 58.1-392; and\n\n 5. Pay any additional amount that may be required pursuant to the provisions\n of §§ 58.1-395 and 58.1-486.2.\n\nC. Except as provided under \u00a7 58.1-321, no later than one year after the final\ndetermination date, each direct partner subject to tax pursuant to the\nprovisions of Article 2 (\u00a7 58.1-320 et seq.), 6 (\u00a7 58.1-360 et seq.), or 10\n(\u00a7 58.1-400) shall:\n\n 1. File a federal adjustments report that identifies the distributive share of\n adjustments reported to such direct partner under subdivision B 2; and\n\n 2. Pay any additional amount of tax due as if final federal adjustments had\n been properly reported, including any penalty and interest due under this\n title. Such payment may be reduced by any credit for related amounts paid or\n withheld and remitted on behalf of the direct partner pursuant to subdivision\n B 3, 4, or 5.\n\nHISTORY: 2020, c. 1030.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}