This version of the form is not currently in use and is provided for reference only. Download this version of Schedule BA-402 for the current year.
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.
Q: What is the BA-402 Vermont Apportionment & Allocation?
A: The BA-402 Vermont Apportionment & Allocation is a schedule used in Vermont to apportion and allocate income for tax purposes.
Q: Who is required to file the BA-402 Vermont Apportionment & Allocation?
A: Certain businesses that operate in Vermont and have income from both within and outside the state are required to file the BA-402 Vermont Apportionment & Allocation.
Q: What is the purpose of the BA-402 Vermont Apportionment & Allocation?
A: The purpose of the BA-402 Vermont Apportionment & Allocation is to determine the portion of a business's income that is subject to Vermont taxation.
Q: How is the income apportioned and allocated on the BA-402 Vermont Apportionment & Allocation?
A: The income is apportioned based on factors such as sales, payroll, and property in Vermont compared to total sales, payroll, and property everywhere.
Q: Are there specific instructions for filling out the BA-402 Vermont Apportionment & Allocation?
A: Yes, the Vermont Department of Taxes provides instructions and guidance on how to complete the BA-402 Vermont Apportionment & Allocation.
Q: What happens if I fail to file the BA-402 Vermont Apportionment & Allocation?
A: Failure to file the BA-402 Vermont Apportionment & Allocation can result in penalties and interest being assessed by the Vermont Department of Taxes.
Q: When is the deadline for filing the BA-402 Vermont Apportionment & Allocation?
A: The deadline for filing the BA-402 Vermont Apportionment & Allocation is usually the same as the deadline for filing the Vermont business income tax return.
Form Details:
Download a printable version of Schedule BA-402 by clicking the link below or browse more documents and templates provided by the Vermont Department of Taxes.