We have compiled a list of some of the most frequently asked questions about how taxes apply to your business. If you still have questions after reviewing this list, please contact us directly.
- Before you buy the business; request a letter from the Department of Taxes stating the amount to be held in escrow to cover any outstanding tax liability.
- Once you own the business; register your business and complete the application to obtain all required tax licenses. Learn How to Register Online for a Vermont Business Tax Account.
If you are selling a business:
- Pay all taxes due up to the closing date.
If you have additional questions please contact the Vermont Department of Taxes, Taxpayer Services Division, at (802) 828-2551.
Online: Log into myVTax, and click the button for Amending Returns,
Paper form: Submit the amended return with the word Amended marked at the top of the form.
Please note: We will only verify that a license is valid, and will not disclose any other information.
Business Tax Accounts
Online: Log into myVTax and click on the link to Cease Account. Each account used by a particular business must be closed individually (for example, you may close a Withholding account if the business no longer has employees, but keep the Sales and Use account).
Paper form: If you are closing your business or need to cancel a business tax account, you must complete Form B-2, Notice of Change.
Having trouble creating a myVTax account? You can file and pay your monthly business taxes without creating a login. Simply click on File a Return under the Businesses tab on the myVTax home page.
Nonprofits and Exempt Organizations
Please note: We will only verify that an Exemption Certificate is valid, and will not disclose any other information.