                                 CODE OF VIRGINIA

DEPARTMENT MAY ESTIMATE CORPORATION&#8217;S TAX WHEN NO RETURN FILED (§
58.1-454)

If any report or return required to be made by any corporation under this
chapter is not made as herein required, the Department is authorized to make an
estimate of the net income of such corporation and of the amount of tax due
under this chapter, from any information in its possession, and to order and
state an account according to such estimate for the taxes, penalties and
interest due to the Commonwealth from such corporation.

HISTORY: Code 1950, § 58-151.091; 1971, Ex. Sess., c. 171; 1984, c. 675.