State and Local Taxation

COVID-19 and Virginia Taxes

COVID-19 and Virginia Tax…

Many press and blog articles are correctly focusing on what is happening right now with COVID-19. But without question, the effects of this pandemic will also last into the future. These effects could possibly change how taxes are collected, including how aggressively governments pursue audits.

No one can say for certain how federal taxes will be affected since the federal government can operate with budget deficits. However, Virginia and its localities have no such luxury and must balance their budgets. Indeed, the following actions have already happened or are under consideration in Virginia:

Finding articles such as those linked above could be done for every locality in Virginia. The crux is consistent and logical: all governments are predicting shortfalls in tax revenue. So when these governments conduct audits, will it be business as usual or will they be more aggressive? Until it happens, it will be unknown. But in case the audit is more aggressive, a smarter individual or business will have legal counsel engaged to oversee the audit.

Christian Tennant is a Virginia tax attorney and former employee of the Virginia Department of Taxation. Mr. Tennant regularly speaks and writes on Virginia taxation. In his private practice he advises and represents businesses and individuals on a range of tax matters.

Categories: COVID-19

Contact Us

  • This field is for validation purposes and should be left unchanged.

Tax Law Blog

2020 Virginia Department…
October 9th, 2020
On its website, the Virginia Department of Taxation has released several rulings and appeal decisions. Due to this crazy year and some personnel changes at the Virginia Department of Taxation, the rulings and appeal decisions have been released in ba…
The Saga of International…
September 18th, 2020
What has been happening between International Paper Company and Isle of Wight County? The dispute is not over but the Supreme Court of Virginia has weighed in.
BPOL Tax and Internet Tax…
August 24th, 2020
Previously, the opinion entered in Bd. of Supervisors v. Caxcom, LLC, Case no. CL-2019-5800 by the Circuit Court of Fairfax County determined that the Internet Tax Freedom Act applies to the BPOL tax. This month two similar opinions have been entered…

Read More Blog Entries