Form Fi-161 - Fiduciary Return Of Income - 2010
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32010 VERMONT
Vermont Department of Taxes
133 State Street
FIDUCIARY RETURN OF INCOME
Montpelier VT 05633-1401
or FISCAL YEAR ending __________________________
Employer Identification Number
Name of Estate or Trust
Estate
Check here
Trust
if this is an
Name, Address & Title of Fiduciary
AMENDED
Revocable
Date of Death
return
Trust
Irrevocable
State of Domicile at Death and/or Creation of Trust
Trust
Were any distributions reported on Line 18 of Federal Form 1041 made to nonresident beneficiaries?
Yes
No
Did the estate or trust have non-VT municipal bond income?
Yes
No (If yes, see instructions for both Line 2a and Schedule A.)
Are any present or future trust beneficiaries skip persons?
Yes
No
1.
Federal taxable income from Form 1041, Line 22, or modified gross income of Qualified
Settlement Fund (Form 1120-SF, Line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. $
2a. Income from non-VT state and local obligations (from Schedule A, Line 18) . . . . . . . . . . . . . . 2a.
2b. Bonus Depreciation allowed under Small Business Jobs Act of 2010 . . . . . . . . . . . . . . . . . . . 2b.
2c. State and local income taxes above $5,000 included on Form 1041, Line 11 (see instructions)2c.
3.
Federal Taxable Income with Additions (add Lines 1, 2a, 2b, and 2c.) . . . . . . . . . . . . . . . . . . . . 3.
4a. Interest income from U.S. obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a.
4b. Capital Gains Exclusion (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b.
4c. Adjustment for 2008 & 2009 Bonus Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c.
4d. Add Lines 4a, 4b, and 4c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4d.
5.
VT taxable income (subtract Line 4d from Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6.
VT tax from Schedule B, Line 23 or Line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7.
Income adjustment (from Schedule C, Line 29, or 100.00%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
%
8.
Adjusted tax (multiply Line 6 by Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9.
Other states credit (from Schedule D, Line 35) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
10. Total VT taxes (subtract Line 9 from Line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11. Payments
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11a. Estimated Tax, Extension and/or 1099 Payments . . . . $ _______________________
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11b. VT Real Estate Withholding.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
Attach copy of Form RW-171 . . . . . . . . . . . . . . . . . . . . $ _______________________
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11c. Nonresident Payments from VT Form WH-435 . . . . . . $ _______________________
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11d. 2009 Overpayment Applied . . . . . . . . . . . . . . . . . . . . . $ _______________________
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
11e. Total Payments (add Lines 11a, 11b, 11c, and 11d) . . . . . . . . . . . . . . . . . . . . . . . . . . . 11e.
12. Overpayment: If Line 10 is less than Line 11e, subtract Line 10 from Line 11e . . . . . . . . . . . 12.
13. Amount of overpayment to be credited to 2011 taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Amount of overpayment to be REFUNDED: Line 12 less Line 13 . . . . . . . . . . . . . . . . . . . . . . 14.
15. BALANCE DUE: If Line 11e is smaller than Line 10, enter amount due . . . . . . . . . . . . . . . . . 15.
File this return with the VT Department of Taxes, Montpelier, VT 05633-1401, no later than the 15th day of the fourth month
following the close of the operating or income year. Attach a legible copy of the U.S. Income Tax Return for Estates and
Trusts, Form 1041; or, Federal Form 1120-SF for the same taxable period.
Under penalties of perjury, I have examined the above information, and to the best of my knowledge and belief, it is true, correct, and complete.
Preparers cannot use return information for purposes other than preparing returns.
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Rev. 2/11
Form FI-161
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