Thursday, June 10, 2010

TAX Releases Supplemental Information on Tax Conformity

The Virginia Department of Taxation (TAX) today released additional information regarding tax conformity. The information released today supplements Tax Bulletin 10-4 and only affects taxable year 2010.

The new information, which can be viewed here, details information on the domestic production deduction and the federal earned income tax credit under IRC § 32(b)(3). Read the entire notice for more information.

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