Form Bi-471 - Business Income Tax Return - 2008
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1
2VT DEPARTMENT OF TAXES
*084711199*
133 State Street
Montpelier, VT 05633-1401
(802) 828-5723
* 0 8 4 7 1 1 1 9 9 *
Business Income
2008
VERMONT
Tax Return
For Partnerships, Subchapter S Corporations and LLCs
A.
CHECK APPROPRIATE BOX(ES)
PRINT OR TYPE COMPLETE NAME AND ADDRESS BELOW
COMPOSITE
ACCOUNTING
INITIAL
RETURN
PERIOD CHANGE
RETURN
AMENDED
EXTENDED
FINAL RETURN
RETURN
RETURN
(CANCELS ACCOUNT)
B.
Federal ID Number
RETURNS CANNOT BE
PROCESSED WITHOUT
THE FEDERAL ID NUMBER
Y
Y
Y
Y
M
M
D
D
Calendar year or
fiscal year ending
C.
FEDERAL TAX RETURN FILED (CHECK BOX):
Check here if name or address has changed
1120S
1065
1040
OTHER ________________
D.
ENTITY’S PRIMARY 6-DIGIT NORTH AMERICAN
Check here if this is an
Check here if you will be using a
INDUSTRIAL CLASSIFICATION SYSTEM (NAICS)
INTERNATIONAL address
computer-generated form next year
NUMBER
E. Were any shareholders, partners or members nonresidents of Vermont during this reporting tax year? . . . . . . . . . . . . .
Yes
No
If Yes, complete and attach Form BI-472 or Form BI-473.
F. Did this reporting business entity have income or losses derived from Vermont sources and at least one other state? . .
Yes
No
If Yes, complete and attach Form BA-402.
G. Did this reporting entity have any income and/or real estate withholding (REW) resulting from real estate sales this year? . .
Yes
No
H. Net adjustment to income resulting from Vermont’s
disallowance of “bonus depreciation” (IRC 168(k)) . . . . . . . . . . . . . . . . . . . . . .
H.
,
,
,
,
.
TAX COMPUTATION (see instructions):
Enter all amounts in whole dollars.
Check box if
SMALL FARM §5832(2)(A) ($75 minimum)
INVESTMENT CLUB §5921 ($0)
exception
DISREGARDED ENTITY; IGNORED FOR FILING ($0)
IRC Sec. 761 ($0)
applies
NO VERMONT ACTIVITY / INACTIVE ($0)
Q SUB FILING W/PARENT CORP. ($0)
.
1. Vermont minimum entity tax ($250) or above exception (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. If this is a composite return, enter the Vermont Net Income from
Form BI-472, Line 12, or Form BI-473, Line 17. If the entity is not filing a
,
,
,
,
.
composite return, enter $0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. Multiply Line 2 by the composite rate of 8.50%. If composite income is negative,
,
,
,
,
.
enter $0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
,
,
,
,
.
4. Vermont apportionment of entity level taxes (see instructions) . . . . . . . . . . . . . . . . . 4.
,
,
,
,
.
5. Total entity, composite income, and other tax due (Add Lines 1, 3. and 4) . . . . . . . . 5.
,
,
,
,
.
6. Total tax payments and credits from Side 2, Line 16 of this form . . . . . . . . . . . . . . . 6.
,
,
,
,
.
7. Balance Due: If Line 5 is greater than Line 6, enter the difference . . . . . . . . . . . . . 7.
OR
,
,
,
,
.
8. Overpayment to be Refunded: If Line 5 is less than Line 6, enter the difference. . 8.
,
,
,
,
.
8a. Overpayment to be credited to 2009 taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a.
(continued on back)
Form BI-471
(Rev. 10/08)
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