Form Bi-471 - Vermont Business Income Tax Return - 2013

VT Department of Taxes

Ph: (802) 828-5723

*124711100*

133 State Street

Montpelier, VT 05633-1401

Business Income

* 1 2 4 7 1 1 1 0 0 *

FORM

VERMONT

BI-471

Tax Return

A.

For Partnerships, Subchapter S Corporations, and LLCs

CHECK APPROPRIATE BOX(ES)



COMPOSITE



ACCOUNTING



INITIAL

RETURN

PERIOD CHANGE

RETURN

PRINT OR TYPE COMPLETE NAME AND ADDRESS BELOW

AMENDED

EXTENDED

FINAL RETURN







Entity Name

RETURN

RETURN

(CANCELS ACCOUNT)

B.

REQUIRED

Address

Federal ID Number

Y

Y

Y

Y

M

M

D

D

Y

Y

Y

Y

M

M

D

D

City

State

ZIP Code

Tax Year BEGIN date

Tax Year END date

C.

ENTITY’S PRIMARY 6 -DIGIT NORTH

AMERICAN INDUSTRIAL CLASSIFICATION

Check here if name or address has changed

SYSTEM (NAICS) NUMBER

D.

FEDERAL TAX RETURN FILED (CHECK BOX):

Check here if this is an

Check here if you will be using a









1120S

1065

1040

OTHER ________________

INTERNATIONAL address

computer-generated form next year

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 entity have income or losses derived from at least one state other than VT?

If Yes, complete and attach Form BA-402 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  Yes

 No

G. Did this 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

.

H.

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

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

NO VERMONT ACTIVITY / INACTIVE ($0)

IRC Sec. 761 ($0)





applies

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 . Place an “X” in the box to indicate a negative amount .

.

If the entity is not filing a composite return, enter $0. . . . . . . . . . . . .

2.

3. Multiply Line 2 by the composite rate of 7 .80% . 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 next tax year . . . . . . . . . . . . . . . . . . . . . . 8a.

Form BI-471

(continued on back)

Rev. 01/13