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Vermont Free Printable  for 2021 Vermont Business Income Tax Return

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Business Income Tax Return
Form BI-471

Vermont Department of Taxes *194711100* Form BI-471 * 1 9 4 7 1 1 1 0 0 * Vermont Business Income Tax Return for Partnerships, Subchapter S Corporations, and LLCs Composite Return Check Appropriate Box(es) Accounting Period Change Initial Return Public Law 86-272 Applies Amended Extended Return Return Entity Name Federal Extension Requested FEIN Address Tax year BEGIN date (YYYYMMDD) Final Return (Cancels Account) Primary 6-digit NAICS number Tax year END date (YYYYMMDD) Address (Line 2) City State Federal tax return filed (Check one box) ZIP Code Foreign Country (if not United States) 1120S 1065 Other A. Were any shareholders, partners, or members nonresidents of Vermont during this tax year?. . . . . . . . . . . A. Yes No B. Did this entity have income or losses derived from at least one state other than Vermont? . . . . . . . . . . . . . B. If Yes, complete and attach Schedule BA-402 Yes No C. Net adjustment to income resulting from Vermont’s disallowance of “bonus depreciation” (IRC 168(k)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check to ç indicate loss C. _________________________ .00 D. Total number of Shareholders, Partners, or Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D. _____________________________ E. How many are Vermont Residents?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E. _____________________________ F. How many are nonresidents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F. _____________________________ G. Check box if § 5920(f), (g), or (h) applies (regarding nonresident estimated payments for affordable housing projects, federal new market tax credit projects, or publicly traded partnerships). Attach authorization or documentation. . . . . . . . . . . . . . . . . . . . . G. TAX COMPUTATION (see instructions): Check box if exception to minimum tax applies: SMALL FARM § 5832(2)(A) ($75 minimum) Enter all amounts in whole dollars. NO VERMONT ACTIVITY / INACTIVE ($0) INVESTMENT CLUB § 5921 ($0) IRC SEC 761 ($0) 1. Vermont minimum entity tax ($250) or above exception (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 1. _________________________ .00 2. For non-composite entities 2a. Nonresident estimated payment requirement (Schedule BI-472, Line 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. _________________________ .00 2b. Overpayment distributed to owners (Enter the sum of all K-1VT’s Lines 5 and 6, minus Schedule BI-472, Line 19). . . . . 2b. _________________________ .00 2c. Enter the sum of Lines 2a and 2b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c. _________________________ .00 3. For composite entities, Vermont composite tax due (Schedule BI-473, Line 24). . . . . . . . . . . . . . . . . . . . . 3. _________________________ .00 4. Vermont apportionment of entity level taxes (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. _________________________ .00 5. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . . . . . . 5. _________________________ .00 6. Total tax due (Add Lines 1, 2c, 3, 4, and 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. _________________________ .00 5454 Page 1 of 2 Form BI-471 Rev. 10/19 Entity Name FEIN Fiscal Year Ending (YYYYMMDD) PAYMENTS AND CREDITS *194711200* * 1 9 4 7 1 1 2 0 0 * Enter all amounts in whole dollars. 7. Prior Year Overpayment Applied. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. _________________________ .00 8. Payments with Extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. _________________________ .00 9. Real estate withholding paid for this entity with Form RW-171, REW Schedule A. . . . . . . . . . . . . . . . . . . 9. _________________________ .00 10. Real estate withholding distributed to this entity by a different company through a Schedule K-1VT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. _________________________ .00 11. Nonresident estimated payments paid by this entity with Form WH-435. . . . . . . . . . . . . . . . . . . . . . . . . . 11. _________________________ .00 12. Nonresident estimated payments distributed to this entity by a different company through a Schedule K-1VT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. _________________________ .00 13. Total payments (Add Lines 7 through 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. _________________________ .00 RECONCILIATION 14. Balance Due: If Line 6 is greater than Line 13, enter the difference. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. _________________________ .00 15. Payment attached to this return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. _________________________ .00 16. Overpayment: If Line 6 is less than the sum of Lines 13 and 15, enter the difference . . . . . . . . . . . . . . . . 16. _________________________ .00 17. Overpayment to be credited to the next tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. _________________________ .00 18. Overpayment to be refunded. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. _________________________ .00 SIGNATURE I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Title 32 of the Vermont Statutes and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the taxpayer, this declaration further provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose, or made available to any other person, other than for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer. Signature of Responsible Officer Printed Name Date (MMDDYYYY) Daytime Telephone Number Date (MMDDYYYY) Preparer’s Telephone Number EIN Preparer’s SSN or PTIN Email Address (optional) Check if the Department of Taxes may discuss this return with the preparer shown. Paid Preparer’s Signature Preparer’s Printed Name Email Address (optional) Firm’s Name (or yours if self-employed) Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code) Send return and check to: 5454 Check if self-employed Vermont Department of Taxes 133 State Street Montpelier, VT 05633-1401 Page 2 of 2 For Department Use Only Ck. Amt. Init. Form BI-471 Rev. 10/19
Extracted from PDF file 2019-vermont-form-bi-471.pdf, last modified October 2019

More about the Vermont Form BI-471 Corporate Income Tax Tax Return

We last updated the Business Income Tax Return in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Vermont Department of Taxes. You can print other Vermont tax forms here.


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Other Vermont Corporate Income Tax Forms:

TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form WHT-434 Annual Withholding Reconciliation
Form BI-471 Business Income Tax Return
Form B-2 Notice of Change
Schedule BI-472 Non-Composite Schedule
Schedule BA-402 Apportionment & Allocation Schedule

Download all VT tax forms View all 52 Vermont Income Tax Forms


Form Sources:

Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Form BI-471 from the Department of Taxes in February 2020.

Show Sources >

Form BI-471 is a Vermont Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Vermont Form BI-471

We have a total of eight past-year versions of Form BI-471 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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