Form Co-411 Draft - Corporate Income Tax Return - 2006

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VT DEPARTMENT OF TAXES, Montpelier, Vermont 05609-1401
*064111100*
(802) 828-5723
2006
Corporate Income
Tax Return
VT
* 0 6 4 1 1 1 1 0 0 *
Fiscal Year Beginning __________, 2006 and Ending __________, 20______
(month)
A.
(month)
CHECK APPROPRIATE BOX(ES)
Check here if name or address has changed
GROUP
ACCOUNTING
INITIAL
CONSOLIDATED
RETURN
PERIOD CHANGE
RETURN
RETURN
PRINT OR TYPE COMPLETE NAME AND ADDRESS BELOW
AMENDED
EXTENDED
FINAL RETURN
RETURN
RETURN
(CANCELS ACCOUNT)
B.
VERMONT
FISCAL
BUSINESS
YEAR
ACCOUNT
ENDING
NUMBER
(# # # # # # X X)
(y
y
y
y
m
m)
RETURNS CANNOT BE PRO-
FEDERAL
ID
CESSED WITHOUT THE VERMONT
NUMBER
BUSINESS ACCOUNT NUMBER
C.
FEDERAL CORPORATE TAX RETURN FILED (CHECK BOX):
1120
1120A
OTHER ________________
D.
E.
ENTITY’S PRIMARY 6-DIGIT NORTH
WILL YOU USE A COMPUTER
GENERATED OR SUBSTITUTE
AMERICAN INDUSTRIAL CLASSIFICA-
A copy of the Federal corporate income tax return
FORM TO FILE FOR 2007?
TION SYSTEM (NAICS) NUMBER
must be attached to this return.
Yes
No
Please PRINT in BLUE or BLACK ink.
Place an ìXî in the box to indicate a loss amount.
Enter all amounts in whole dollars.
1. FEDERAL (or RECOMPUTED Federal) TAXABLE INCOME OF
GROUP OR ENTITY (Form 1120, Line 28 or Form 1120A, Line 24, OR
,
,
,
,
.
VT Form CO-419, Line 9.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
Check here if you have taken the “Bonus” depreciation {see IRC 168(K)}. If this box is checked, Line 1 must be recomputed
eliminating the provision for the federal special bonus depreciation. See instructions. For Group returns, recompute separately.
,
,
,
,
.
2. ADD (a) Interest on nonVermont state and local obligations. 2(a).
,
,
,
,
.
(b) State and local income or franchise taxes. . .
2(b).
,
,
,
,
.
LESS (c) Interest on U.S. Government obligations. . . . . . . . 2(c).
(d) “Gross Up” required by IRC Sec. 78 and other
,
,
,
,
.
excludable income. . . . . . . . . . . . . . . . . . . . . . . . . 2(d).
(e) Targeted Job Credit salary and wage expense
,
,
,
,
.
addback. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(e).
3. NET TAXABLE INCOME
,
,
,
,
.
{Line 1 plus Lines 2(a) and 2(b) less Line 2(c), 2(d), and 2(e)}. . . . . . . . . . . . . . . . . . . 3.
4. NON-BUSINESS INCOME and/or FOREIGN DIVIDENDS ALLOCATED
,
,
,
,
.
EVERYWHERE (VT Form BA-402, Part 1, Line 1a and/or 1c). . . . . . . . . . . . .
4.
5. NET APPORTIONABLE INCOME Subtract Line 4 from Line 3.
,
,
,
,
.
Enter the result here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
%
.
6. VERMONT APPORTIONMENT PERCENTAGE (100% or amount from VT Form BA-402, Line 22). . 6.
,
,
,
,
.
7. NET INCOME APPORTIONED TO VERMONT (Multiply Line 5 by Line 6). . . .
7.
,
,
,
,
.
8. NET INCOME & FOREIGN DIVIDENDS ALLOCATED TO VERMONT . . . . . .
8.
9. NET INCOME ALLOCATED AND APPORTIONED TO VERMONT
(Enter amount from Line 3 above, or if not 100% VT, enter result of adding
,
,
,
,
.
VT Form BA-402, Part 1, Line 1b and/or Line 1d, & Lines 7 and 8 above.) . . . .
9.
,
,
,
,
.
10. LESS VERMONT APPORTIONED NOL. (VT Form CO-422, Line 12) . . . . . .
10.
,
,
,
,
.
11. VERMONT TAX per tax computation schedules on Side 2 ($250.00 minimum). . . . . 11.
Check box if exception applies:
SMALL FARM CORPORATION ($75 minimum)
NO VERMONT ACTIVITY ($0)
IF BALANCE DUE (Line 15, Side 2)
IF REFUND REQUESTED (Line 17, Side 2)
If credit claimed (Line 12,
Side 2), check here
,
,
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,
.
.
Form CO-411
(continued on back)

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