Forms and Schedules


SCHEDULE BA-402, APPORTIONMENT & ALLOCATION SCHEDULE
INSTRUCTIONS

For use by all taxable entities having activity (income and/or expenses, regardless of profit or loss) in Vermont and/or at least one other state/province. Complete Schedule BA-402 unless the apportionment is 100% for Vermont. Returns filed without Schedule BA-402 will be adjusted to 100% Vermont apportionment. If the corporation is part of an affiliated group engaged in unitary business, a separate BA-402 is filed for each taxable corporation in the group, unless consolidated filing is elected. Instructions Schedule BA-403 Application for Extension of Time to File Vermont Corporate/Business Income Tax Return.


SCHEDULE BA-403, EXTENSION OF TIME APPLICATION

To request an extension of time to file the Vermont Corporate or Business Income Tax return. An extension of time to file a Federal return automatically extends the time to file with Vermont until 30 days beyond the Federal extension date. However, tax is due on the original due date.


SCHEDULE BA-404, TAX CREDITS EARNED, APPLIED, EXPIRED, AND CARRIED FORWARD
INSTRUCTIONS

Required for companies that have earned or applied tax credits or incentives. This schedule is required of each separate entity claiming credits if a consolidated return or combined report is filed. Be sure to include all documentation required per the program guidelines of the credit you are claiming.


SCHEDULE BA-405, ECONOMIC ADVANCEMENT TAX INCENTIVES

Required by those entities awarded Economic Advancement Tax Incentives (EATI) credits, for use for each of the six years following the end of the EATI authorization period.


SCHEDULE BA-406 CREDIT ALLOCATION SCHEDULE
INSTRUCTIONS

To allocate tax credits earned in the current year (reported on Schedule BA-404) to shareholders/partners/members.


SCHEDULE BA-410, CORPORATE INCOME TAX AFFILIATION SCHEDULE
INSTRUCTIONS

For use by those entities electing to file a Vermont consolidated return per 32 V.S.A. § 5862(c) or a combined report for a unitary group under V.S.A. § 5862(d).


FORM BI-470, BUSINESS INCOME TAX RETURN PAYMENT VOUCHER

Use Form BI-470 to direct a payment for Business Income tax accounts, which include S-Corps, Partnerships, and many LLCs.


FORM BI-471 - VERMONT BUSINESS INCOME TAX RETURN
INSTRUCTIONS

For use by those entities not filing federally as a C-Corporation to calculate Vermont business income tax liability. These entities include Subchapter S-Corporations, Partnerships, and Limited Liability Companies that elect to be treated as S-Corps or Partnerships for federal filing purposes.

Please note: Form BI-471 is the first page of every return and the return is incomplete without it.


SCHEDULE BI-472 - NON-COMPOSITE SCHEDULE
INSTRUCTIONS

Used to determine the amount of Vermont-sourced income distributed to shareholders of Subchapter S Corporations, partners in partnerships, or members of LLCs who are not residents of Vermont, where the entity maintains pass-through status, and does not file a composite return.


SCHEDULE BI-473 - COMPOSITE SCHEDULE
INSTRUCTIONS

Used to determine the amount of Vermont-sourced income distributed to shareholders of Subchapter S Corporations, Partners in Partnerships, or members of LLCs who are not residents of Vermont, where the entity does file a composite return.


FORM BI-476 - BUSINESS INCOME TAX RETURN-RESIDENT ONLY
INSTRUCTIONS

For Subchapter S Corporations, Partnerships, and Limited Liability Companies:

  • Of which all shareholders, partners, or members are residents of Vermont
  • Which have no income/losses from any state other than Vermont
  • Which have no income adjustment due to disallowance of bonus depreciation
  • Which owe the minimum tax of $250 – no exceptions to minimum tax, and no additional tax due (such as built-in gains or LIFO recapture

FORM CO-411 – CORPORATE INCOME TAX RETURN
INSTRUCTIONS

This is the initiating form, and the three pages are required for all corporate income tax filers.


FORM CO-414 CORPORATE ESTIMATED TAX PAYMENT VOUCHER

To make estimated payments for corporate income tax (generally quarterly) throughout the year.


FORM CO-419 - APPORTIONMENT OF FOREIGN DIVIDENDS
INSTRUCTIONS

Used to compute the modified apportionment percentage and then the amount of foreign dividends to be included in Vermont taxable income for all taxable affiliates in the group.


FORM CO-420 - FOREIGN DIVIDEND FACTOR INCREMENTS
INSTRUCTIONS

Schedule CO-420 has been redesigned to improve clarity. Prepare one CO-420 for each entity paying dividends. The schedule no longer accommodates calculations for multiple entities.


FORM CO-421 - UNITARY AFFILIATE SCHEDULE
INSTRUCTIONS

Starting in 2014, combined reports for unitary groups are filed using Form CO-411, not Form CO-411-U. The tax calculation for the first taxpayer, the Principal Vermont Corporation, is included within the CO-411 (Lines 6 – 17). Schedule(s) CO-421 is/are used to calculate the tax for all additional taxable affiliate corporations.


FORM CO-422 – CORPORATE INCOME TAX RETURN PAYMENT VOUCHER

To direct a payment to a corporate income tax account and period, if you do not have another form or coupon available. CO-422 is not necessary if you are sending a check with CO-411, CO-414, or BA-403.


SCHEDULE K-1VT SHAREHOLDER’S, PARTNER’S, OR MEMBER’S INFORMATION
INSTRUCTIONS

For all shareholders, partners, or members summarizing the Vermont net taxable income, Vermont nonresident estimated payments, all eligible credits, and adjustment due to Vermont’s disallowance of IRS “bonus” depreciation.


FORM WH-435 ESTIMATED INCOME TAX PAYMENTS FOR NONRESIDENT SHAREHOLDERS, PARTNERS, OR MEMBERS

To make estimated tax payments for its non-Vermont shareholders, partners or members, as required by 32 V.S.A. §§ 5914 & 5920. See Technical Bulletin 06 for details.


PA-1 - POWER OF ATTORNEY

For use by Individuals, Businesses, Estates and Trusts (joint filers must each file a Power of Attorney form)


8821-VT AUTHORIZATION TO RELEASE TAX INFORMATION

This form authorizes release of your tax information to an authorized recipient. This is NOT a Power of Attorney and does not authorize recipient to act on your behalf or make binding agreements for you.


5930 - ECONOMIC ADVANCEMENT TAX INCENTIVE CALCULATION FORMS

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