<p>Virginia Tax Commissioner Upholds Married Couple's Income Tax Assessment After IRS Adjusts FAGI</p>

Virginia Tax Commissioner Upholds Married Couple's Income Tax Assessment After IRS Adjusts FAGI

The Virginia tax commissioner affirmed a married couple's income tax assessment because it was based on information from the IRS that said it adjusted the taxpayers' federal adjusted gross income after finding they were not considered, under IRC standards, to be in the business of trading securities, and therefore had income subject to limitations.

This document was released December 17, 2015.