Fiduciary Tax

Filing Fiduciary Return of Income

What is a Vermont Trust?

A Trust is a Vermont Resident if:

  • any portion of the trust consists of property that was transferred to it by a person who was a Vermont resident when the trust became irrevocable; or
  • the trust is and remains revocable, any portion of the trust consists of property that was transferred to it by a person who was a Vermont resident; or,
  • any portion of the trust consists of property that was transferred by the will of a Vermont domiciled decedent.

A return must be filed for every estate and trust required to file federal Form 1041, U.S. Income Tax Return for Estates and Trusts and:

  • that earned or received more than $100 of Vermont income or
  • received $1,000 or more in gross income from the sources listed under Vermont portion on Schedule E.

If the above requirements apply to you, then you must file Vermont Form FIT-161, Fiduciary Return of Income. It may be necessary to file more than one fiduciary return while the estate remains open and continues to receive income.

Estimated Payments

Taxpayers may now remit estimated payments for Fiduciary Income Tax by E-Check or credit card using myVTax.

Estimated payments for Fiduciary Income Tax are required beginning with the first quarter of 2016, due April 18, 2016, and thereafter.  For more information, see 32 V.S.A. § 5852.

You may make estimated payments beginning with the payment due January 15, 2016, and the required estimated payments beginning on April 18, 2016, as a non-login payment in myVTax.  Simply follow the link, and select Make a Payment in the business menu at the bottom of the page.  Please follow the instructions, and select Fiduciary Income Tax as the account type.

You may pay by E-Check (ACH Debit – free!) or Credit Card (with a 3% charge by the coordinating bank).

You may also register to view your Fiduciary Income Tax account.  To register, follow the link below, and click on the bar in the middle of the page:  Not yet signed up for myVTax?  Click Here to Sign up today.

Make non-login estimated payments, or register to view your account in myVTax.

Please do not hesitate to contact us with any questions. Email us or call (802) 828-6802

A return must also be filed for any Section 468B designated and qualified settlement funds are required to file a Federal Form 1120-SF, U.S. Income Tax Return for Settlement Funds, and:

  • that earned or received more than $100 of Vermont income or
  • that earned or received $1,000 or more in gross income from the sources listed under Vermont portion on Schedule E.

A return must also be filed for an Electing Small Business Trust required to file a Federal 1041. A filer may be entitled to certain state incentives or credits.

Contact Us

Commissioner Kaj Samsom
133 State Street | Montpelier, VT 05633
(802) 828-2505

Taxpayer Assistance Window
Office Hours: 7:45 a.m. - 4:30 p.m. Monday - Friday

 Call us      Email us      Find us