23VAC10-112-26: Declarations of estimated tax; fiscal year

23VAC10-112-20 through 23VAC10-112-28 shall also apply to a taxable year other than a calendar year. In the case of a fiscal year: the 15th day of the fourth month shall be substituted for May 1; the 15th day of the sixth month shall be substituted for June 15; the 15th day of the ninth month shall be substituted for September 15 and the 15th day of the first month of the succeeding taxable year shall be substituted for January 15.

EXAMPLE: Taxpayer F is a fiscal year taxpayer whose taxable year ends on June 30. His income tax return is due on October 15 (15th day of the fourth month following the close of his taxable year). His estimated payments are due on October 15, December 15, March 15 and July 15 of the succeeding taxable year.