Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members

Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members
Form WH-435
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Vermont Department of Taxes

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Form WH-435

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Vermont Estimated Income Tax Payments

For Nonresident Shareholders, Partners, or Members

DUE DATES (for calendar year filers): April 15, June 15, September 15 of the current year, and January 15 of the
following calendar year, and at the “catch-up” date, if required. SEE INSTRUCTIONS.
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY
Business Name			

FEIN	

Address			

Tax year BEGIN date (YYYYMMDD)	

Tax year END date (YYYYMMDD)

Address (Line 2)			
City	

State	

ZIP Code

Foreign Country (if not United States)

Send voucher	
and check to:	
	

5454

Vermont Department of Taxes	
133 State Street
Montpelier, VT 05633-1401

Amount of this payment
(Use WHOLE DOLLARS).
If “$0,” DO NOT file.. . . . . . . . . . . _______________________________

.00

Phone: (802) 828-5723
For Department Use Only
	 Ck. Amt.	

Form WH-435

Init.

Page 1 of 1
Rev. 10/23

Instructions for Vermont Estimated Income Tax Payments for
Nonresident Shareholders, Partners, or Members
FORM WH-435

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If no payment is due, DO NOT file Form WH-435.

NOTES

INSTRUCTIONS

Pass-through entities are required to make estimated income tax payments on behalf of shareholders,
partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the
15th day of the 4th, 6th, and 9th months of the fiscal year, and the 1st month of the following year
(April, June, September, and January for a calendar-year entity).

•	 Print in blue or black ink.
•	 Enter the beginning and ending date of the entity’s tax
year in the required format —YYYYMMDD.

The total required annual payment is calculated by applying the current rate of 6.6% to the Vermont-sourced
income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders,
partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite,
or Schedule BI-473, Vermont Composite.

•	 Enter the Federal Employer Identification Number
(FEIN).

A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return.
For “catch-up” payments, be sure to indicate the correct fiscal year to which the payment should be credited.
Catch-up payments made after the original due date for the entity return will be subject to late payment
penalties and interest. Late payment penalties and interest are separate and apart from underpayment penalties
and interest and their accrual generally begins when the accrual period for underpayment penalties and interest
ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the
taxpayer must have made four quarterly payments sufficient to cover at least the lesser of 90% of the current
year’s or 100% of the prior year’s tax liability.
If either the current or prior year total estimated payment amount is $500 or less, then no underpayment interest
and penalty is assessed, but a single payment by the fourth due date must be made.

•	 This form should not be used for C-Corporations. If
Vermont Form CO-411, Corporate Income Tax Return,
will be filed, use Form CO-414, Corporate Estimated
Tax Payment Voucher, to make your estimated
payments.
•	 Enter the business name and address.
•	 Enter the total amount of payment included with this
coupon. Enter a whole dollar amount.
•	 Do not file Form WH-435 if no payment is due.

All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to
entity composite tax, as directed on Form BI-471, Business Income Tax Return, that is filed annually.
Review 32 V.S.A. §§ 5914 & 5920, and Technical Bulletin TB-06, Estimated Payments by S Corporations,
Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details.
Information is available at tax.vermont.gov

Form WH-435 Instructions
Page 1 of 1
Rev. 10/23