Instructions for Schedule BA-402 Vermont Apportionment & Allocation - Vermont

This document contains official instructions for Schedule BA-402 , Vermont Apportionment & Allocation - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule BA-402?
A: Schedule BA-402 is a form used for Vermont Apportionment & Allocation.

Q: What is Vermont Apportionment & Allocation?
A: Vermont Apportionment & Allocation is the process of determining how much income is taxable in Vermont for businesses with activities in multiple states.

Q: Who needs to file Schedule BA-402?
A: Businesses with activities in multiple states that need to apportion and allocate their income for Vermont taxation purposes.

Q: What information is required on Schedule BA-402?
A: Schedule BA-402 requires details of the taxpayer's activities, income, and taxes paid in both Vermont and other states.

Q: Do businesses in Vermont need to file Schedule BA-402 every year?
A: Businesses with activities in multiple states need to file Schedule BA-402 annually with their Vermont tax return.

Q: Is there a deadline to file Schedule BA-402?
A: The deadline to file Schedule BA-402 is the same as the deadline for filing the Vermont tax return, which is usually April 15th.

Q: Are there any penalties for not filing Schedule BA-402?
A: Yes, failure to file Schedule BA-402 or providing incomplete or incorrect information may result in penalties and interest.

Q: Can I get help with filling out Schedule BA-402?
A: Yes, you can contact the Vermont Department of Taxes for assistance or consult a tax professional.