It has come to our attention that the Corporate Minimum Tax calculation was incorrect for some of the mid-tier minimum tax returns on Form CO-411 for tax year 2023. We have corrected this within our VTax software and alerted all vendors of the issue. The vendors are currently updating their software calculations to ensure the minimum tax is being calculated at the correct amount.
Please double check the calculation on all returns prior to filing to ensure that a bill does not go out to the taxpayers. Please visit our webpage to review the correct minimum tax.