Form Bi-472 - Vermont S Corporation Schedule printable pdf download

*114721100*

VT DEPARTMENT OF TAXES

133 State Street, Montpelier, VT 05633-1401 / (802) 828-5723

FORM

VERMONT S Corporation Schedule

* 1 1 4 7 2 1 1 0 0 *

BI-472

PRINT in BLUE or BLACK INK

Attach to Form BI-471

Federal ID Number

Business Name

Place an “X” in the box left of the line number to indicate a loss amount.

1. From Federal Form 1120-S (Schedule K), enter total Shareholders Share of Income Less Deductions (see instructions). Include

total recapture of section 179 expense deduction reported to shareholders on their Schedule K-1s (Form 1120-S).

Disregard “bonus depreciation” provisions of IRC 168(k)

for assets placed in service in 2008 and later. . . . . . . . . . . . . . . . . . . .

2. ADD Interest on non-Vermont state and local obligations. . . . . . . . . . . . . . . 2.

3. SUBTRACT

(a) Interest on U.S. Government obligations . . . . . . . . . . . 3(a).

(b) Targeted Job Credit salary and wage expense add back 3(b).

4. TOTAL NET INCOME OR LOSS (Add Lines 1 and 2, then

subtract Line 3(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. INCOME OR LOSS ALLOCATED EVERYWHERE

(Form BA-402, Part 1, Line 1a, or leave blank) . . . . . . . . . . . . . . . . .

6. NET APPORTIONABLE INCOME OR LOSS

(Subtract Line 5 from Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. VERMONT APPORTIONMENT PERCENTAGE (100% or amount from Form BA-402,

Line 22). Calculate percentage to six places to the right of the decimal point. . . . . . . . . . . . 7.

8. NET INCOME OR LOSS apportioned to Vermont

(Multiply Line 6 by Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. TOTAL NET INCOME OR LOSS Allocated and Apportioned to

Vermont (Add Form BA-402, Part 1, Line 1b, & Line 8, above) . . . .

10. Percentage of income or loss passed through to nonresidents. Calculate percentage to six

places to the right of the decimal point. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Income or loss passed through to nonresidents

(Multiply Line 9 by Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

12. Amount of income on Line 11, if any, reported with composite return

12.

and taxed at entity level. Enter here and on Form BI-471, Line 2 . .

ATTACH SCHEDULE K-1VT FOR EACH SHAREHOLDER, PARTNER OR MEMBER

Form BI-472

Rev. 10/11

Form Bi-472 - Vermont S Corporation Schedule