The bis-verdazyl diradical (BVD) system is closely examined by using the multiconfiguration wavefunctions as well as the density functional theory (DFT). The totally symmetric singlet ground state turns out to have strong multiconfiguration character at all levels of theory. The singlet ground state takes on the planar structure while the most stable triplet state corresponds to the twisted form. The MCSCF + MCQDPT2 calculations are shown to be sufficient to predict the singlet-triplet energy gap which is insensitive to the electronic characters of the ring substituents.