Instructions for Form LC-142 Vermont Landlord Certificate - Vermont

VT Form LC-142 Landlord Certificate - Vermont

This document contains official instructions for Form LC-142 , Vermont Landlord Certificate - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form LC-142 is available for download through this link.

FAQ

Q: What is Form LC-142?
A: Form LC-142 is the Vermont Landlord Certificate.

Q: Who needs to fill out Form LC-142?
A: Landlords in Vermont need to fill out Form LC-142.

Q: What is the purpose of Form LC-142?
A: The purpose of Form LC-142 is to certify that the landlord has provided the tenant with a receipt for payment of rent and given notice of the required interest rate on security deposits.

Q: What information is required on Form LC-142?
A: Form LC-142 requires information such as the landlord's name and address, the tenant's name, the dates of the rental period, the amount of rent paid, and the interest rate for security deposits.

Q: When should Form LC-142 be filled out?
A: Form LC-142 should be filled out and given to the tenant at the time of rent payment or within 14 days after the end of the rental period.

Q: Do I need to keep a copy of Form LC-142?
A: Yes, landlords are required to keep a copy of Form LC-142 for at least three years from the due date of the tax return in which the rental income is reported.

Q: Are there any penalties for not filling out Form LC-142?
A: Yes, failure to comply with the requirements of Form LC-142 may result in penalties assessed by the Vermont Department of Taxes.