This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form BI-471 for the current year.
This document contains official instructions for Form BI-471 , Vermont 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 Vermont Business Income Tax Return used by businesses in Vermont to report their income and calculate their tax liability.
Q: Who needs to file Form BI-471?
A: Any business operating in Vermont that has income from Vermont sources is required to file Form BI-471.
Q: What information is required on Form BI-471?
A: Form BI-471 requires businesses to provide information on their income, deductions, credits, and tax liability.
Q: When is the deadline to file Form BI-471?
A: The deadline to file Form BI-471 is April 15th.
Q: Are there any penalties for late filing of Form BI-471?
A: Yes, there are penalties for late filing of Form BI-471. The penalty is based on the amount of tax owed and the number of days the return is late.
Q: Can I e-file Form BI-471?
A: Yes, you can e-file Form BI-471 using approved tax software.
Q: Can I make a payment with Form BI-471?
A: Yes, you can make a payment with Form BI-471. The payment can be made by check, money order, or electronic payment.
Q: What should I do if I need help with Form BI-471?
A: If you need help with Form BI-471, you can contact the Vermont Department of Taxes or consult a tax professional.
Instruction Details:
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