Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members
Extracted from PDF file 2021-vermont-form-wh-435.pdf, last modified September 2021
Estimated Income Tax Payments for Nonresident Shareholders, Partners, or MembersInstructions for Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members FORM WH-435 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 month 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. 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, Non-Composite Schedule, or Schedule BI-473, Composite Schedule. • 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. Do not make catch-up payments after the original due date for the entity return. 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 estimated payment amount is $500 or less, then no underpayment P&I is assessed, but a single payment by the 4th due date must be made. 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. • Enter the beginning and ending date of the entity’s tax year in the required format — YYYY MM DD. • T h i s f o r m s h o u l d n o t b e u s e d f o r 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. • You do not need to file Form WH-435 if no payment is due. 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 Vermont Department of Taxes Form WH-435 Instructions Rev. 10/21 *194351100* Form WH-435 Vermont Estimated Income Tax Payments * 1 9 4 3 5 1 1 0 0 * For Nonresident Shareholders, Partners, or Members DUE DATES (for calendar year filers): April 15, June 15, September 15, 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: Vermont Department of Taxes 133 State Street Montpelier, VT 05633-1401 5454 Clear ALL fields Total Vermont nonresident estimated income tax payments for this quarter (Use WHOLE DOLLARS). If “$0,” DO NOT file.. . . . . . . . . . . _______________________________ .00 Phone: (802) 828-5723 For Department Use Only Ck. Amt. Init. Save and go to Important Printing Instructions Form WH-435 Rev. 10/19 Save and Print
More about the Vermont Form WH-435 Corporate Income Tax Nonresident
We last updated the Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members in April 2022, and the latest form we have available is for tax year 2021. 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.
Other Vermont Corporate Income Tax Forms:
|Form Code||Form Name|
|Form WHT-434||Annual Withholding Reconciliation|
|Form BA-403||Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns|
|Form BI-470||Business Income Tax Return Payment Voucher|
|Form BI-471||Business Income Tax Return|
|Form CO-414||Corporate Estimated Tax Payment Voucher|
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Form WH-435 from the Department of Taxes in April 2022.
Form WH-435 is a Vermont Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
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 WH-435
We have a total of ten past-year versions of Form WH-435 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Vermont Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.