Vt Form Bi-471 - Business Income Tax Return

Vermont Department of Taxes

133 State Street

Montpelier, VT 05633-1401

*164711100*

Phone: (802) 828-5723

BUSINESS INCOME

VT Form

* 1 6 4 7 1 1 1 0 0 *

BI-471

TAX RETURN

For Partnerships, Subchapter S Corporations, and LLCs

Entity Name

Check

COMPOSITE

INITIAL

ACCOUNTING







RETURN

PERIOD CHANGE

RETURN

appropriate

AMENDED

EXTENDED

FINAL RETURN







box(es)

RETURN

RETURN

(CANCELS ACCOUNT)

Address

Federal ID Number

Tax year BEGIN date (YYYYMMDD)

Tax year END date (YYYYMMDD)

City

State

ZIP Code

Entity’s Primary 6-digit NAICS number

Foreign Country (if not United States)

Federal tax return filed (check one box)







1120S

1065

Other ______________

A. Were any shareholders, partners, or members nonresidents of Vermont during this tax year? . . . . . . . . . . . . . .





Yes

No

B. Did this entity have income or losses derived from at least one state other than VT?

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

If Yes, complete and attach Schedule BA-402 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

No

C. Net adjustment to income resulting from Vermont’s

C. __________________________________ .

disallowance of “bonus depreciation” (IRC 168(k)) . . . . . . . . . . . . . . . . . . . . .

D. Total number of Shareholders, Partners, or Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D. _______________

E. How many are VT residents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E. _______________

F. How many are nonresidents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F. _______________

G. Check box if § 5920(f) or (g) applies (regarding nonresident estimated payments for affordable housing

projects or entities operating federal new market tax credit projects) . Attach authorization or documentation . . . . . . . . . . . . . G.



TAX COMPUTATION (see instructions):

Enter all amounts in whole dollars.

SMALL FARM § 5832(2)(A) ($75 minimum)

INVESTMENT CLUB § 5921 ($0)

Check box if





exception applies

NO VERMONT ACTIVITY / INACTIVE ($0)

IRC Sec. 761 ($0)





1. Vermont minimum entity tax ($250) or above exception (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ______________ .

2. For non-composite entities, nonresident estimated payment requirement

(Schedule BI-472, Line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. __________________________________ .

3. For composite entities, Vermont composite tax due (Schedule BI-473, Line 21) . . .3. __________________________________ .

4. Vermont apportionment of entity level taxes (see instructions) . . . . . . . . . . . . . . . . .4. __________________________________ .

5. Total tax due (Add Lines 1-4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. __________________________________ .

Balance due (from Line 13) ____________________________ .

Form BI-471

Rev. 10/16

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