This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Schedule FIT-167 for the current year.
This document contains official instructions for Schedule FIT-167 , Vermont Credit for Canadian Province for Fiduciaries - a form released and collected by the Vermont Department of Taxes.
Q: What is Schedule FIT-167?
A: Schedule FIT-167 is a tax form for fiduciaries in Vermont.
Q: What is the purpose of Schedule FIT-167?
A: The purpose of Schedule FIT-167 is to claim a credit for tax paid to another state or Canadian province.
Q: Who should file Schedule FIT-167?
A: Fiduciaries who have paid taxes to another state or Canadian province should file Schedule FIT-167.
Q: What information is required to complete Schedule FIT-167?
A: To complete Schedule FIT-167, you will need information about the tax paid to the other state or Canadian province.
Q: When is the deadline for filing Schedule FIT-167?
A: The deadline for filing Schedule FIT-167 is the same as the deadline for filing the Vermont fiduciary income tax return, which is usually April 15th.
Q: Are there any penalties for late filing of Schedule FIT-167?
A: Yes, if you fail to file Schedule FIT-167 on time, you may be subject to penalties and interest on any tax owed.
Q: Can I e-file Schedule FIT-167?
A: Yes, you can e-file Schedule FIT-167 if you are also e-filing your Vermont fiduciary income tax return.
Q: Can I claim a credit for taxes paid to multiple states or Canadian provinces?
A: Yes, you can claim a credit for taxes paid to multiple states or Canadian provinces on Schedule FIT-167.
Q: Is Schedule FIT-167 only for Canadian provinces or also for other countries?
A: Schedule FIT-167 is specifically for tax paid to another state or Canadian province, not for other countries.
Instruction Details:
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