The Virginia Notice of Proposed Adequate Protection Payments and Opportunity for Hearing on Objection is a document that is issued by the Virginia Department of Taxation in order to provide notice to taxpayers of any proposed adjustments to their adequate protection payments. Adequate protection payments are payments that are made to the state in order to cover the costs of potential losses in the event of a financial failure. The notice outlines the proposed changes to the adequate protection payments, and provides an opportunity for the taxpayer to object to the proposed changes. The two types of Virginia Notice of Proposed Adequate Protection Payments and Opportunity for Hearing on Objection are: 1. Individual Notice — This type of notice is issued to individuals when the Virginia Department of Taxation has proposed changes to their adequate protection payments. 2. Corporate Notice — This type of notice is issued to corporations when the Virginia Department of Taxation has proposed changes to their adequate protection payments.