This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for VT Form BI-471 for the current year.
This document contains official instructions for VT Form BI-471 , Business Income Tax Return - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form BI-471 is available for download through this link.
Q: What is Form BI-471?
A: Form BI-471 is the Business Income Tax Return for the state of Vermont.
Q: Who needs to file Form BI-471?
A: Businesses operating in Vermont that have income from business activities need to file Form BI-471.
Q: When is the due date for filing Form BI-471?
A: The due date for filing Form BI-471 is the 15th day of the fourth month after the close of the tax year.
Q: What information is required on Form BI-471?
A: Form BI-471 requires information about the business's income, deductions, credits, and taxes paid.
Q: Are there any penalties for late filing?
A: Yes, there are penalties for late filing, including interest charges on any unpaid tax.
Q: Can I amend my Form BI-471 if I made a mistake?
A: Yes, you can file an amended Form BI-471 to correct any errors or omissions.
Q: What other forms or schedules may be required with Form BI-471?
A: Depending on the nature of your business, you may need to include additional forms or schedules, such as Schedule B or Schedule INBOX.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Vermont Department of Taxes.