Virginia's Commercial Crab License Buy Back Program: Here is some tax ramification information from the IRS on a similar license buyback program on the West Coast. Virginia commercial crabbers who are considering a bid to VMRC for their license by the Nov. 1 deadline should consult an accountant or a tax attorney to determine the potential impact on their individual taxes. VMRC cannot give legal or tax advice.
<IRS
Letter>
Note: commercial harvest reporting forms are not available on
the MRC website. Please contact the Plans& Statistics
Office directly to have forms mailed to you (nancy.smith@mrc.virginia.gov
; 800-937-9247). Check out our Forms
page for links to forms that are available online.
