Schedule CO-420 Vermont Foreign Dividend Factor Increments (For Unitary-Combined Only) - Vermont

What Is Schedule CO-420?

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 the Schedule CO-420?
A: The Schedule CO-420 is a form used for reporting Vermont Foreign Dividend Factor Increments for Unitary-Combined tax returns.

Q: Who needs to file Schedule CO-420?
A: Businesses that are filing a Unitary-Combined tax return in Vermont need to file Schedule CO-420 if they have foreign dividend income.

Q: What are foreign dividend factor increments?
A: Foreign dividend factor increments are adjustments made to the apportionment factor of foreign dividend income.

Q: When is Schedule CO-420 due?
A: Schedule CO-420 is due on the same date as the Vermont Unitary-Combined tax return, which is typically April 15th.

Q: Are there any penalties for not filing Schedule CO-420?
A: Yes, failure to file Schedule CO-420 when required may result in penalties and interest.

Q: Can I e-file Schedule CO-420?
A: Yes, Schedule CO-420 can be e-filed along with the Unitary-Combined tax return.

Q: Do I need to attach any supporting documentation with Schedule CO-420?
A: You may need to attach supporting documentation, such as financial statements, to substantiate the amounts reported on Schedule CO-420.