Conformity to the Internal Revenue Code for Taxable Year 2012  

Effective for taxable years beginning on and after January 1, 2012, Virginia's fixed-date of conformity to the terms of the IRC will advance from December 31, 2011, to January 2, 2013, with limited exceptions.  Tax Bulletin 13-3 provides taxpayers with directions on how to reconcile this legislation with their 2012 Virginia income tax returns.