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Schedule BA-405
for the current year.
Schedule BA-405 Economic Advancement Tax Incentives - Vermont
What Is Schedule BA-405?
This is a legal form that was released by the Vermont Department of Taxes - a government authority operating within Vermont. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Schedule BA-405?
A: Schedule BA-405 is a tax schedule used in Vermont for reporting economic advancement tax incentives.
Q: What are economic advancement tax incentives?
A: Economic advancement tax incentives are tax benefits provided by the state of Vermont to encourage economic growth and development.
Q: What types of tax incentives are reported on Schedule BA-405?
A: Schedule BA-405 is used to report various tax incentives available in Vermont, such as tax credits for job creation, research and development, and capital investments.
Q: Who is required to file Schedule BA-405?
A: Businesses or individuals who have claimed economic advancement tax incentives in Vermont are required to file Schedule BA-405.
Q: Is there a deadline for filing Schedule BA-405?
A: Yes, the deadline for filing Schedule BA-405 is typically the same as the deadline for filing your Vermont tax return, which is usually April 15th.
Q: Are there any penalties for not filing Schedule BA-405?
A: Yes, failure to file Schedule BA-405 or providing false information can result in penalties and interest charges by the Vermont Department of Taxes.
Q: Can I claim economic advancement tax incentives if I am an individual taxpayer?
A: Yes, certain tax incentives reported on Schedule BA-405, such as the research and developmenttax credit, can be claimed by individual taxpayers as well as businesses.
Form Details:
- Released on October 1, 2018;
- The latest edition provided by the Vermont Department of Taxes;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Schedule BA-405 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.
