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Vermont MeF Corporate and Business Income ATS Test Package for Tax Year 2023
Enlarge image | Vermont MeF Corporate and Business Income ATS Test Package for Tax Year 2023 |
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Contents
General Information ..................................................................................................................................... 2
Who Must Test? ........................................................................................................................................... 2
Why Test? ..................................................................................................................................................... 2
What is tested? ............................................................................................................................................. 2
When to test? ............................................................................................................................................... 2
Test Feedback Report and Certification Letter ............................................................................................ 2
Direct Debit................................................................................................................................................... 2
Transmitting Testing Files ............................................................................................................................. 3
Test Acknowledgement ................................................................................................................................ 3
Vermont Schema and Forms Supported ...................................................................................................... 3
Software Developer Responsibilities ............................................................................................................ 4
Vermont Test Cases …………………………………………………………………………………………………………………………….….5
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General Information
This publication describes the Vermont State Acceptance Testing system procedures for software developers
participating in Vermont’s MeF electronic filing program using currently accepted Vermont schema versions.
Who Must Test?
All software developers who wish to participate in supporting Vermont returns for electronic filing must
complete the ATS test package provided by Vermont. Before submitting the first test file, an e-mail is required
to alert the MeF coordinator.
Why Test?
Testing is performed to ensure that the software adheres to Vermont business rules and to ensure successful
transmission and receipt of acknowledgements.
A list of all approved software vendors will be posted to the Vermont Department of Taxes website at
https://tax.vermont.gov/tax-professionals/software-and-vendor-updates. The 8879-VT is approved as part of
the e-file testing process for preparer products.
What is tested?
Vermont’s test package includes 12 test returns and includes information needed to prepare each return. A
completed return for each test case is provided. All 8 test cases must be submitted for each Online and Preparer
product. Vermont does not limit the type of form or schedule that your software will support. Please indicate
what is not supported to the e-file coordinator. All forms do not need to be supported to pass ATS testing for
Vermont.
“The Vermont MeF Handbook” should be used for general system instructions. Also refer to current releases of
Vermont schema, validations and data elements.
When to test?
Testing can begin with Vermont as soon as the IRS opens its testing platform (November 4, 2019). ATS testing is
scheduled to begin in early November but is subject to IRS system availability. It is suggested that all software
testing be completed by March 1st.
Test Feedback Report and Certification Letter
Within 48 hours after Vermont receives the test file, you will receive and e-mail if there are any errors within
your file. If errors are found, you must resubmit the entire test package. A separate letter will be sent for an
Online product and Preparer product. Once testing is completed, you will receive a certification letter indicating
you are approved for Vermont.
Direct Debit
Vermont will be accepting direct debits. A payment may be for all or a portion of the balance due. Vermont
allows 5 days after the due date for processing the direct debits as the IRS does.
***NOTE taxpayers may receive a bill if the payment is posted for a date past the original due date.
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Transmitting Testing Files
Returns must be transmitted through the IRS MeF system for federal and state processing. Both Fed/State and
State only returns can be submitted. Each return (Fed/State or State Only) must be separate submissions.
Multiple submissions may be contained in a single message payload.
Test Acknowledgement
Vermont will post acknowledgements to the MeF Fed/State Acknowledgement System and will follow the IRS
acknowledgement schema for both testing and production.
Vermont Schema and Forms Supported
Software Developers use Fed/State 1040 MeF forms-based schemas and the Vermont forms-based
schemas/spreadsheet.
Edits and verification of business rules are defined for each field or data element. The state spreadsheet will
include information on field types, field formats, business rules and other edits. Developers should apply data
from the state spreadsheet and tax forms to the appropriate data elements in the XML schema. All XML data
must be well formed. Vermont’s state specific schema supports the forms below (software developers are not
required to support all forms Vermont accepts electronically);
Form BI-471 Vermont Business Income Tax Return
Schedule BI-472 Vermont Non-Composite Schedule
BI-473 Vermont Composite Schedule
BI-477 Vermont Income Adjustment Calculation: Pass-Through Nonresident
BA-404 Vermont Tax Credits Earned, Applied, Expired and Carried Forward
BA-406 Vermont Credit Allocation
K-1VT Vermont Shareholder, Partner, or Member Information
Form BI-476 Vermont Business Income Tax Return for Residents Only
Schedule BA-404 Vermont Tax Credits Earned, Applied, Expired and Carried Forward
BA-406 Vermont Credit Allocation
Form CO-411 Vermont Corporate Income Tax Return
Schedule BA-410 Vermont Corporate Income Tax Affiliation Schedule
BA-402 Vermont Apportionment and Allocation Schedule
BA-404 Vermont Tax Credits Earned, Applied, Expired and Carried Forward
CO-419 Vermont Apportionment of Foreign Dividends
CO-420 Vermont Foreign Dividend Factor Increments
Form BA-403 Vermont Extension to file Corporate or Business Income Tax Return
CO-414 Vermont Corporate Estimated Tax Payment Voucher
WH-435 Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners
or Members
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Software Developer Responsibilities
If the Software Developer is not acting as the ERO, the Software Developer is responsible for providing state
acknowledgements to the ERO no later than two days after receipt. Failure to do so could lead to suspension
from the Vermont Program.
Software errors which cause electronic returns to be rejected that arise after testing has been completed should
be quickly corrected to ensure that the ERO is able to timely and accurately file its electronic returns. Software
updates related to software errors should be distributed promptly to users along with any documentation
needed.
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Vermont Test Cases
Test 1 - Direct Deposit
Required Vermont Forms/Schedules: BI-476
Taxpayer(s) Information:
Entity Name: Grass Holes Landscaping LLC
Federal Employer ID: 40-0001585
Primary 6-digit NAICS #: 561730
Mailing Address: 44 Main St.
City: Waterbury
State: VT
Zip Code: 05676
Country: USA
Initial Return Y
Tax Year Begin Date: Jan-01-2023
Tax Year End Date: Dec-31-2023
Federal Return Filed: 1065
# of Shareholders: 2
# of VT Shareholders: 2
# of Non-Resident Shareholders: 0
Direct Debit Information for Vermont:
Routing Number: 211691185
Checking Account Number 75486756
Payment Date: 03/15/2024
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Vermont Department of Taxes
Form BI-476 *234761100*
Vermont Business Income Tax Return *234761100*
Page 5
For Resident Only
Check Appropriate Name Address Accounting Extended 4 Initial Return Pro Forma - Final Return
Box(es) Change Change Period Change Return Cannabis (Cancels Account)
Entity Name (Principal Vermont Corporation) FEIN Primary 6-digit NAICS number
Grass Holes Landscaping LLC 400001585 561730
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
44 MAIN ST 20230101 20231231
Address (Line 2) Federal tax return filed
(Check one box) 1120S 4 1065 Other
City State ZIP Code Foreign Country
WATERBURY VT 05676
A. Were any shareholders, partners, or members nonresidents of Vermont during this reporting tax year? . . . . . . . . A. Yes 4 No
If Yes, STOP and complete Form BI-471, Business Income Tax Return .
B. Did this entity have income or losses derived from at least one state other than Vermont? . . . . . . . . . . . . . . . . . . B. Yes 4 No
If Yes, STOP and complete Form BI-471, Business Income Tax Return .
C. Total number of Vermont shareholders, partners, or members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C. ______________________ FORM (Place at FIRST page)
2
Form pages
TAX COMPUTATION (see instructions) Enter all amounts in whole dollars.
1. Vermont minimum entity tax ($250) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________250 .00
NOTE: If you qualify for an exception to the Vermont minimum entity tax, you must complete Form BI-471 and attach supporting documentation .
2. Payments previously made for this tax year with extension Form BA-403 or 5 - 5
credit available through prior year carryforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________0 .00
3. Balance Due (If Line 1 is greater than Line 2, Line 1 MINUS Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ________________________250 .00
4. Overpayment (If Line 2 is greater than Line 1, Line 2 MINUS Line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ________________________ .00
5. Overpayment to be Refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________ .00
6. Overpayment to be credited to next tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________ .00
I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements Vermont Statutes
Annotated, Title 32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the
taxpayer, this declaration further provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose,
or made available to any other person, other than for the preparation of this return unless a separate valid consent form is signed by the taxpayer
and retained by the preparer.
Signature of Responsible Officer Date (MM/DD/YYYY) Daytime Telephone Number
/ /
Printed Name Email Address (optional)
Check if the Vermont Department of Taxes may discuss this return with the preparer shown.
Signature of Paid Preparer Date (MM/DD/YYYY) Preparer’s Telephone Number
/ /
Preparer’s Printed Name Email Address (optional)
FORM (Place at LAST page)
Firm’s Name (or yours if self-employed) EIN Preparer’s SSN or PTIN Form pages
Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
Check if self-employed
Send return Vermont Department of Taxes For Department Use Only Form BI-476
and check to: 133 State Street Ck. Amt. Init. Page 1 of 1 5 - 5
5454 Montpelier, VT 05633-1401 Rev. 10/23
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 Enlarge image | Test 2 - Direct Deposit Required Vermont Forms/Schedules: BI-471, BI-472, BI-477, K-1VT x2 Taxpayer(s) Information: Entity Name: Sandpaper Piper Real Estate LLC. Federal Employer ID: 40-0009654 Federal Extension Requested: Y Primary 6-digit NAICS #: 103587 Tax Year Begin Date: Jan-01-2023 Mailing Address: 4212 US Route 2 Tax Year End Date: Dec-31-2023 1+A15:E42 Marshfield Federal Return Filed: 1065 State: VT # of Shareholders/Partners/Members: 2 Zip Code: 05658 # of VT Residents: 1 Country: USA # of Non-Residents: 1 Return Information: VT's Disallowance of "Bonus Depreciation": $ (555,555) Sales of TPP from Within VT: $ 98,756 VT Minimum Entity Tax: $ 250 Special Industries: $ 6,852 Use Tax Due: $ 27 Apportionable Interest & Dividiends: $ 258,094 Other Adjustments Attributable to VT: $ 222,000 VT Apportionable Interest & Dividends: $ 6,321 Net Real Estate Income/Loss: $ (129,438) Royalties: $ 14,238,285 VT Net Real Estate Income/Loss: $ (555) VT Royalties $ 50 Other Net Rental income/Loss: $ (451,129) Gross Rents: $ 6,878,038 Other VT Net Real Estate Income/Loss: $ (333) VT Gross Rents: $ 852 Royalties: $ 50 Other Apportionable Income: $ 98,996,306 VT Royalties: $ 25 VT Other Apportionable Income: $ 7,894,564 Net Long Term Capital Gain: $ 16,252 Buildings & Other Depreciable Assets: $ 6,522,222 VT Net Long Term Capital Gain: $ 999 VT Buildings & Other Depreciable Assets: $ 60,000 Net Short Term Capital Loss: $ (580) Depletable Assets: $ 563,211 VT Net Short Term Capital Loss: $ 250 VT Depletable Assets: $ 70,000 Guarenteed Payments for Capital: $ 70,000 Partner 1 Name: Happy Hour LLC VT Guarenteed Payments for Capital: $ 30,000 Partner 1 Address: 5173 S Hill Dr. Collectibles (28%) Gain: $ 2,500 Partner 1 City: Warrenton VT Collectibles (28%) Gain: $ 323 Partner 1 State: VA Unrecaptured IRC § 1250 Gain: $ 1,010 Partner 1 Zip Code: 20187 VT Unrecaptured IRC § 1250 Gain: $ 454 Ownership Percentage: 20.231300% Net IRC § 1231 Gain: $ 148,168 Profit Percentage: 20.231300% VT Net IRC § 1231 Gain: $ 8,500 Loss Percentage: 20.231300% Wages and Salaries: $ 85,000 Series LLC? Y VT Wages and Salaries: $ 65,001 Partner 2 Last Name: O'Donnell Other Compensation: $ 777 Partner 2 First Name: Denise Other VT Compensation: $ 666 Partner 2 Address: 108 River St. Guarenteed Payments for Services: $ 4,200 Partner 2 City: Rutland VT Guarenteed Payments for Services: $ 3,456 Partner 2 State: VT Ordinary Business Income: $ 2,069,531 Partner 2 Zip Code: 05701 Interest Income: $ 258,094 Ownership Percentage: 79.768700% Ordinary Dividends: $ 80,588 Profit Percentage: 79.768700% Qualified Dividends $ 1,111 Loss Percentage: 79.768700% Dividiend Equivalents: $ 2,222 Other Apportionable Income: $ 9,656,341 Direct Debit Information for Vermont: IRC § 179 Deduction: $ 15,000 Routing Number: 211691185 Interest Income Not Derived from VT Activity: $ 1 Checking Account Number 75486756 Dividends Not Derived from VT Activity: $ 2 Payment Date: 03/15/2024 Other Adjustments: $ 42 Sales or Gross Receipts: $ 18,866,520,822 Sales of Services: $ 456,789 Sales of TPP from Outside VT: $ 5,423,739 |
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Vermont Department of Taxes
Form BI-471 *234711100*
Vermont Business Income Tax Return *234711100*
for Partnerships, Subchapter S Corporations, and LLCs Page 11
Check Name Composite Accounting Initial Public Law Pro Forma -
Change Return Period Change Return 86-272 Applies Cannabis
Appropriate
Box(es) Address Amended Extended 4 Federal Final Return
Change Return Return Extension Requested (Cancels Account)
Entity Name FEIN Primary 6-digit NAICS number
SANDPAPER PIPER REAL ESTATE LLC 400009654 103587
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
4212 US ROUTE 2 20230101 20231231
Address (Line 2)
Federal tax
City State ZIP Code return filed
MARSHFIELD Foreign Country (if not United States)VT 05658 box) 4
(Check one 1120S 1065 Other
FORM (Place at FIRST page)
A. Were any shareholders, partners, or members nonresidents of Vermont during this tax year? . . . . . . . . . . A. 4 Yes No Form pages
B. Did this entity have income or losses derived from at least one state other than Vermont? . . . . . . . . . . . . . B. 4 Yes No
If Yes, complete and attach Schedule BI-477 .
C. Net adjustment to income resulting from Vermont’s disallowance of
“bonus depreciation” (IRC 168(k)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C. ________________________-555555 .00 11 - 12
D. Total number of Shareholders, Partners, or Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D. ____________________________2
E. How many are Vermont Residents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E. ____________________________1
F. How many are Nonresidents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F. ____________________________1
G. Check box if 32 V .S .A . § 5920(f), (g), or (h) applies (regarding nonresident estimated payments for affordable housing projects,
federal new market tax credit projects, or publicly traded partnerships) . Attach authorization or documentation . . . . . . . . . . . . . . . . . . . . G.
TAX COMPUTATION (see instructions): Enter all amounts in whole dollars.
Check box if exception NO VERMONT ACTIVITY / INVESTMENT CLUB § 5921 IRC § 761
INACTIVE ($0) ($0) ($0)
to minimum tax applies:
1. Vermont minimum entity tax ($250) or above exception (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________250 .00
2. For non-composite entities
2a. Nonresident estimated payment requirement
(Schedule BI-472, Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. ________________________14223 .00
2b. Overpayment distributed to owners (ADD Schedule K-1VT,
Lines 11 and 12 from all schedules, then SUBTRACT
amount from Schedule BI-472, Line 6) . . . . . . . . . . . . . . . . . . 2b. ________________________50 .00
2c. ADD Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2c. ________________________14273.00
3. For composite entities, Vermont composite tax due (Schedule BI-473, Line 11) . . . . . . . . . . . . . . . . . . . . . 3. ________________________ .00
4. Vermont apportionment of entity level taxes (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ________________________ .00
5. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . . . . . . 5. ________________________27 .00
6. Total tax due (ADD Lines 1, 2c, 3, 4, and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________14550 .00
Form BI-471
5454 Page 1 of 2, Rev. 10/23
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234711200*
*234711200*
Page 12
PAYMENTS AND CREDITS Enter all amounts in whole dollars.
7. Prior Year Overpayment Applied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ________________________8480 .00
8. Payments with Extension (Form BA-403) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ________________________100 .00
9. Real estate withholding paid for this entity (Form REW-171, REW Schedule A) . . . . . . . . . . . . . . . . . . . . 9. ________________________20 .00
10. Real estate withholding distributed to this entity by a different company (Schedule K-1VT, Line 12) . . . 10. ________________________30 .00
11. Nonresident estimated payments paid by this entity (Form WH-435) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ________________________6500 .00
12. Nonresident estimated payments distributed to this entity by a different company
(Schedule K-1VT, Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. ________________________20 .00
13. Total payments (ADD Lines 7 through 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ________________________15150 .00
RECONCILIATION FORM (Place at LAST page)
14. Balance Due: If Line 6 is greater than Line 13, subtract Line 6 from Line 13 . . . . . . . . . . . . . . . . . . . . . . . 14. ________________________ .00 Form pages
15. Payment included with this return . Make check payable to Vermont Department of Taxes. . . . . . . . . . 15. ________________________ .00
16. Overpayment: If Line 6 is less than the sum of Lines 13 and 15,
ADD Lines 13 and 15, then SUBTRACT Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ________________________600 .00
11 - 12
17. Overpayment to be credited to the next tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. ________________________250 .00
18. Overpayment to be refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. ________________________350 .00
SIGNATURE
I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes
Annotated, Title 32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the
taxpayer, this declaration further provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other
purpose, or made available to any other person, other than for the preparation of this return unless a separate valid consent form is signed
by the taxpayer and retained by the preparer.
Signature of Responsible Officer Date (MM/DD/YYYY) Daytime Telephone Number
10 / 15 / 2024 802-773-6703
Printed Name Email Address (optional)
DENISE D ACHESOMUCH deniseachesomuch@gmail.com
4 Check if the Vermont Department of Taxes may discuss this return with the preparer shown.
Signature of Paid Preparer Date (MM/DD/YYYY) Preparer’s Telephone Number
10 / 16 / 2024 802-287-1657
Preparer’s Printed Name Email Address (optional)
I CAN DO ANYTHING takealook@itsinabook.com
Firm’s Name (or yours if self-employed) EIN Preparer’s SSN or PTIN
READING RAINBOW 444321654 444489878
Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
4 Check if self-employed
123 EASY ST LOS ANGELES CA 11111
Send return Vermont Department of Taxes
and check to: 133 State Street For Department Use Only Form BI-471
Montpelier, VT 05633-1401 Ck. Amt. Init. Page 2 of 2
5454 Rev. 10/23
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Vermont Department of Taxes
Schedule BI-472 *234721100*
Vermont Non-Composite *234721100*
Page 5
PRINT in BLUE or BLACK INK Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
SANDPAPER PIPER REAL ESTATE LLC 20231231 400009654
Enter all amounts in whole dollars.
1. Income Attributable to Vermont (Schedule BI-477, Line 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________843164.00
2. Other adjustments to income attributable to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________222000 .00
3. Total Income Attributable to Vermont (ADD Lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ________________________1065164 .00
4. Percentage of income from Line 3 passed through to nonresidents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. . __________20.231300. ______________%
5. Total income passed through to nonresidents (MULTIPLY Line 3 by Line 4) . . . . . . . . . . . . . . . . . . . . . . 5. ________________________215497 .00
FORM (Place at FIRST page)
6. Nonresident estimated payment requirement (MULTIPLY Line 5 by 6.6% (0.066)) . . . . . . . . . . . . . . . . . 6. ________________________14223 .00 Form pages
5 - 5
FORM (Place at LAST page)
Form pages
5 - 5
Schedule BI-472
Page 1 of 1
5454 Rev. 10/23
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Vermont Department of Taxes
Schedule BI-477 *234771100*
Vermont Income Adjustment Calculation: *234771100*
Page 3
Pass-Through Nonresident
Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
SANDPAPER PIPER REAL ESTATE LLC 20231231 400009654
SECTION 1 PASS-THROUGH PERSONAL INCOME ADJUSTMENT CALCULATION
PART I. INCOME DERIVED FROM OWNERSHIP OF PROPERTY
Column A Column B
Federal Amount Amount from Vermont
Situs Property
1. Net Rental Real Estate
Income (loss) . . . . . . . . . . . . . 1A. ________________________-129438 .00 1B. _________________________-555 .00
2. Other Net Rental
Income (loss) . . . . . . . . . . . . . 2A. ________________________-451129 .00 2B. _________________________-333 .00
FORM (Place at FIRST page)
3. Royalties . . . . . . . . . . . . . . . . . 3A. ________________________50 .00 3B. _________________________25 .00 Form pages
PART II. GAINS FROM THE SALE OR EXCHANGE OF PROPERTY
Column A Column B
Federal Amount Amount from Vermont
Situs Property
3 - 5
4. Net Long Term Capital
Gain (loss) . . . . . . . . . . . . . . . 4A. ________________________16252 .00 4B. _________________________999 .00
5. Net Short Term Capital
Gain (loss) . . . . . . . . . . . . . . . 5A. ________________________-580 .00 5B. _________________________250 .00
6. Guaranteed Payments for
Capital . . . . . . . . . . . . . . . . . . . 6A. ________________________70000 .00 6B. _________________________30000 .00
7. Collectibles (28%) Gain (loss) 7A. ________________________2500 .00 7B. _________________________323 .00
8. Unrecaptured
IRC § 1250 Gain . . . . . . . . . . . 8A. ________________________1010 .00 8B. _________________________454 .00
9. Net IRC § 1231 Gain (loss) . . 9A. ________________________148168 .00 9B. _________________________8500 .00
PART III. WAGES, SALARIES, COMPENSATION TO PARTNERS
Column A Column B
Federal Amount Amount Received for Services
Performed in Vermont
10. Wages and Salaries . . . . . . . . 10A. ________________________85000 .00 10B. _________________________65001 .00
11. Other Compensation . . . . . . . 11A. ________________________777 .00 11B. _________________________666 .00
12. Guaranteed Payments for
Services . . . . . . . . . . . . . . . . . 12A. ________________________4200 .00 12B. _________________________3456 .00
Schedule BI-477
Page 1 of 3
5454 10/23
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Entity Name (same as on Form BI-471)
SANDPAPER PIPER REAL ESTATE LLC
FEIN Fiscal Year Ending (YYYYMMDD) *234771200*
400009654 20231231 *234771200*
Page 10
PART IV. BUSINESS INCOME
13. Vermont Sales and Receipts Factor as a percent of Everywhere (Section 2, Line 40) . . . . . . . . . . . . . . . . . 13. . __________7.314479. ______________%
Column A Column B
Federal Amount Derived within Vermont
(Multiply Column A by Line 13)
14. Ordinary Business Income . . 14A. ________________________2069531 .00 14B. _________________________151375 .00
15. Net adjustment to income
resulting from Vermont’s
disallowance of “bonus
depreciation” (IRC 168(k)) . . 15A. ________________________-555555 .00 15B. _________________________-40636 .00
16. Ordinary Business Income
with Bonus Depreciation
Disallowance
(ADD Lines 14 and 15) . . . . 16A. ________________________1513976 .00 16B. _________________________110739 .00
17. Interest Income . . . . . . . . . . . 17A. ________________________258094 .00 17B. _________________________18878 .00
18. Dividends
18i. Ordinary
Dividends . . . . . . . 18iA. ________________________80588 .00 18iB. _________________________5895 .00
18ii. Qualified
Dividends . . . . . . 18iiA. ________________________1111 .00 18iiB. _________________________81 .00
18iii. Dividend
Equivalents . . . . . 18iiiA. ________________________2222 .00 18iiiB. _________________________163 .00
19. Other Apportionable
Business Income
(Specify) _______________ PASS THRU 19A. ________________________9656341 .00 19B. _________________________706311 .00
20. IRC § 179 Deduction . . . . . . 20A. ________________________15000 .00 20B. _________________________1097 .00
21. ADD Lines 1A through 6A, 9A through 12A, 16A through 19A, then SUBTRACT Line 20A . . . . . . . 21. ________________________11497332 .00
PART V. INCOME ADJUSTMENT
22. Interest Income not derived from Vermont activity
(SUBTRACT Line 17A from federal Form 1065, Sch. K, Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22. ________________________1 .00
23. Dividends not derived from Vermont activity (SUBTRACT the SUM of Lines 18iA, 18iiA, and
18iiiA from the SUM of federal Form 1065, Sch. K, Lines 6a, 6b, and 6c) . . . . . . . . . . . . . . . . . . . . . . . 23. ________________________2 .00
24. Other Income (loss) (Specify) ______________________________________________ REIT STUFF MAYBE . . . . . . . . . . . . . 24. . ________________________42.00
25. ADD Lines 21 through 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. ________________________11497377 .00
26. Other Adjustments (Attach detailed explanation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26. ________________________9997 .00
27. TAXABLE INCOME (ADD Lines 25 and 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. ________________________11507374 .00
28. VERMONT INCOME (ADD Lines 1B through 6B, 9B through 12B, 16B through 19B, then
SUBTRACT Line 20B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. ________________________843164 .00
29. INCOME ADJUSTMENT % (DIVIDE Line 28 by Line 27. MULTIPLY the result by 100 and
carry the result out to the fourth decimal place.) Also enter on Schedule BI-473, Line 2 . . . . . . . . . . . 29. . __________7.327163. ______________%
Schedule BI-477
Page 2 of 3
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Entity Name (same as on Form BI-471)
SANDPAPER PIPER REAL ESTATE LLC
FEIN Fiscal Year Ending (YYYYMMDD) *234771300*
400009654 20231231 *234771300*
Page 5
SECTION 2 VERMONT APPORTIONMENT
PART VI. VERMONT SALES AND RECEIPTS FACTOR
Column A Column B
Everywhere Vermont
30. Sales or gross receipts . . . . . 30A. ________________________18866520822 .00
31. Sales of services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31B. _________________________456789 .00
32. Sales of tangible personal property delivered or shipped to
purchasers in Vermont from outside Vermont . . . . . . . . . . . . . . . . . . . . . . . 32B. _________________________5423739 .00
33. Sales of tangible personal property delivered or shipped to
purchasers in Vermont from within Vermont . . . . . . . . . . . . . . . . . . . . . . . 33B. _________________________98756 .00
34. Special Industries: Enter non-dollar sales factor figures here . . . . . . . . . . . .34B. _________________________6852 .00
35. Apportionable interest and FORM (Place at LAST page)
dividends . . . . . . . . . . . . . . . . 35A. ________________________258094 .00 35B. _________________________6321 .00 Form pages
36. Royalties . . . . . . . . . . . . . . . . 36A. ________________________14238285 .00 36B. _________________________50 .00
37. Gross rents . . . . . . . . . . . . . . 37A. ________________________6878038 .00 37B. _________________________852 .00
38. Other apportionable business 3 - 5
income (attach detailed
supporting statement) . . . . . . 38A. ________________________98996306 .00 38B. _________________________7894564 .00
39. Total GROSS RECEIPTS
(ADD Lines 30 through 38) 39A. ________________________ 18986891545.00 39B. _________________________13887923.00
40. Vermont Gross Receipt factor (DIVIDE Line 39B by 39A. MULTIPLY the result by 100 and
carry the result out to the sixth decimal place.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40. . __________7.314479. ______________%
PART VII. PROPERTY FACTOR (Average value during year)
Column A Column B
Everywhere Vermont
41. Inventories . . . . . . . . . . . . . . 41A. ________________________ .00 41B. _________________________ .00
42. Buildings and other depreciable
assets (original cost) . . . . . . . 42A. ________________________6522222 .00 42B. _________________________60000 .00
43. Depletable assets
(original cost) . . . . . . . . . . . . 43A. ________________________563211 .00 43B. _________________________70000 .00
44. Land . . . . . . . . . . . . . . . . . . . 44A. ________________________ .00 44B. _________________________ .00
45. Other assets
(Attach schedule) . . . . . . . . . 45A. ________________________ .00 45B. _________________________ .00
46. Rented real and personal property
(Multiply annual rent by 8) . . 46A. ________________________ .00 46B. _________________________ .00
47. Total PROPERTY
(ADD Lines 41 through 46) 47A. ________________________ 7085433.00 47B. _________________________130000.00
Schedule BI-477
Page 3 of 3
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Vermont Department of Taxes
Schedule K-1VT *23K1V1100*
Vermont Shareholder, Partner, or *23K1V1100*
Page 7
Member Information This schedule is REQUIRED.
Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
SANDPAPER PIPER REAL ESTATE LLC 20231231 400009654
HEADER INFORMATION - REQUIRED ENTRIES
Entity Name (Shareholder, Partner, or Member) FEIN
HAPPY HOUR LLC 400006798
OR Individual Last Name (Shareholder, Partner, or Member) First Name Initial OR Social Security Number
Address Recipient Type
5173 S HILL DR (I, C, S, L, P, X, or T) L
Address, Line 2 (if needed) Residency Status
City State ZIP Code Vermont Resident FORM (Place at FIRST page)
WARRENTON VA 20187 Form pages
Foreign Country (if not United States) 4 Nonresident
PART I PASS-THROUGH ENTITY INFORMATION
1. Ownership percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. . _______20.231300. ______________% 7 - 8
2. Profit percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . _______20.231300. ______________%
3. Loss percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . _______20.231300. ______________%
4. Disregarded entity (single-member LLC or Qualified Subchapter S subsidiary)? . . . . . . . . . . . . 4. Yes 4 No
5. Is this entity a unit of a Series LLC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. 4 Yes No
6. Did this entity pay tax on this income as part of a composite return? . . . . . . . . . . . . . . . . . . . . . . 6. Yes 4 No
PART II DISTRIBUTIONS TO OWNERS Enter all amounts in whole dollars.
7. Vermont Business Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ______________________170139 .00
8. Capital gains allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ______________________8199 .00
9. Other income allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ______________________37159 .00
10. Exempt Income - Vermont income not characterized as Unrelated
Business Income (UBI) for federal purposes (tax-exempt entities only) . . . . . . . . . . . . . . . . . . 10. ______________________.00
11. Total annual nonresident estimated payments allocated to this shareholder . . . . . . . . . . . . . . . . 11. ______________________14223 .00
12. Total annual real estate withholding payments allocated to this shareholder . . . . . . . . . . . . . . 12. ______________________50 .00
13. Share of total federal bonus depreciation difference.
Enter on Schedule IN-112, Line 4 or Line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ______________________-8221 .00
14. Share of total state and local taxes deducted difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ______________________51 .00
(continued on next page) Schedule K-1VT
Page 1 of 2
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Entity Name (same as on Form Form BI-471)
SANDPAPER PIPER REAL ESTATE LLC
FEIN Fiscal Year Ending (YYYYMMDD) *23K1V1200*
400009654 20231231 *23K1V1200*
Page 8
PART III DISTRIBUTIVE SHARE OF APPORTIONMENT FACTORS
A. Everywhere B. Vermont
15. Sales . . . . . . . . . . . . . . . . . . . . . . . . .15A. _________________________3841294989 .00 15B. _________________________2809707 .00
16. Payroll . . . . . . . . . . . . . . . . . . . . . . .16A. _________________________118204 .00 16B. _________________________113984 .00
17. Property . . . . . . . . . . . . . . . . . . . . . .17A. _________________________173665096 .00 17B. _________________________273123 .00
FORM (Place at LAST page)
Form pages
7 - 8
Schedule K-1VT
Page 2 of 2
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Vermont Department of Taxes
Schedule K-1VT *23K1V1100*
Vermont Shareholder, Partner, or *23K1V1100*
Page 7
Member Information This schedule is REQUIRED.
Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
SANDPAPER PIPER REAL ESTATE LLC 20231231 400009654
HEADER INFORMATION - REQUIRED ENTRIES
Entity Name (Shareholder, Partner, or Member) FEIN
OR Individual Last Name (Shareholder, Partner, or Member) First Name Initial OR Social Security Number
ODONNELL DENISE D 445665454
Address Recipient Type
108 RIVER ST (I, C, S, L, P, X, or T) I
Address, Line 2 (if needed) Residency Status
City State ZIP Code 4 Vermont Resident FORM (Place at FIRST page)
RUTLAND VT 05701 Form pages
Foreign Country (if not United States) Nonresident
PART I PASS-THROUGH ENTITY INFORMATION
1. Ownership percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. . _______79.768700. ______________% 7 - 8
2. Profit percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . _______79.768700. ______________%
3. Loss percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . _______79.768700. ______________%
4. Disregarded entity (single-member LLC or Qualified Subchapter S subsidiary)? . . . . . . . . . . . . 4. Yes 4 No
5. Is this entity a unit of a Series LLC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Yes 4 No
6. Did this entity pay tax on this income as part of a composite return? . . . . . . . . . . . . . . . . . . . . . . 6. Yes 4 No
PART II DISTRIBUTIONS TO OWNERS Enter all amounts in whole dollars.
7. Vermont Business Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ______________________670831 .00
8. Capital gains allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ______________________32327 .00
9. Other income allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ______________________146509 .00
10. Exempt Income - Vermont income not characterized as Unrelated
Business Income (UBI) for federal purposes (tax-exempt entities only) . . . . . . . . . . . . . . . . . . 10. ______________________.00
11. Total annual nonresident estimated payments allocated to this shareholder . . . . . . . . . . . . . . . . 11. ______________________.00
12. Total annual real estate withholding payments allocated to this shareholder . . . . . . . . . . . . . . 12. ______________________.00
13. Share of total federal bonus depreciation difference.
Enter on Schedule IN-112, Line 4 or Line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ______________________-32415 .00
14. Share of total state and local taxes deducted difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ______________________199 .00
(continued on next page) Schedule K-1VT
Page 1 of 2
5454 Rev. 10/23
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Entity Name (same as on Form Form BI-471)
SANDPAPER PIPER REAL ESTATE LLC
FEIN Fiscal Year Ending (YYYYMMDD) *23K1V1200*
400009654 20231231 *23K1V1200*
Page 8
PART III DISTRIBUTIVE SHARE OF APPORTIONMENT FACTORS
A. Everywhere B. Vermont
15. Sales . . . . . . . . . . . . . . . . . . . . . . . . .15A. _________________________ .00 15B. _________________________.00
16. Payroll . . . . . . . . . . . . . . . . . . . . . . .16A. _________________________ .00 16B. _________________________.00
17. Property . . . . . . . . . . . . . . . . . . . . . .17A. _________________________ .00 17B. _________________________.00
FORM (Place at LAST page)
Form pages
7 - 8
Schedule K-1VT
Page 2 of 2
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Test 3 - Direct Deposit
Required Vermont Forms/Schedules: BI-471, BI-473, BI-477, BA-404 & K-1VT
Taxpayer(s) Information:
Entity Name: Juicy LLC
Federal Employer ID: 40-0008098
Primary 6-digit NAICS #: 423910
Mailing Address: 8693 Poplar St.
City: Dedham
State: MA
Zip Code: 02026
Country: USA
Initial Return: Y
Tax Year Begin Date: Jan-01-2023
Tax Year End Date: Dec-31-2023
Federal Return Filed: 1120S
# of Shareholders: 67
# of VT Shareholders: 7
# of Non-Resident Shareholders: 60
Return Information:
Wages and Salaries Everywhere: $ 245,690.00 Extension Payment: $ 7,500.00
Nonresident Estimated
Wages and Salaries Vermont: $ 129,702.00 Payments: $ 5,000.00
Ordinary Business Income: $ 2,574,690.00 Payment made with return: $ 1,573.00
Net Adjustment to income resulting from
disallowance of "bonus depreciation": $ (111,819.00)
Interest Income: $ 10,548.00
Sales or Gross Receipts: $ 1,548,002.00
Sales of tangible personal property
delivered or shipped to Vermont from
outside Vermont: $ 682,130.00
Everywhere Inventories $ 487,000.00
Vermont Inventories $ 200,150.00
Everywhere Buildings and other
depreciable assets $ 1,254,000.00
Vermont Buildings and other depreciable
assets $ 501,600.00
Solar Investment Tax Credit: $ 7,500.00
Other Investment Tax Credit: $ 14,000.00
Direct Debit Information for Vermont: 211691185
Routing Number: 75486756
Checking Account Number 03/15/2024
Payment Date:
|
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Vermont Department of Taxes
Form BI-471 *234711100*
Vermont Business Income Tax Return *234711100*
for Partnerships, Subchapter S Corporations, and LLCs Page 11
Check Name Composite Accounting 4 Initial Public Law Pro Forma -
Change Return Period Change Return 86-272 Applies Cannabis
Appropriate
Box(es) Address Amended Extended Federal Final Return
Change Return Return Extension Requested (Cancels Account)
Entity Name FEIN Primary 6-digit NAICS number
JUICY LLC 400008098 423910
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
8693 POPLAR ST 20230101 20231231
Address (Line 2)
Federal tax
City State ZIP Code return filed
DEDHAM Foreign Country (if not United States)MA 02026 box) 4
(Check one 1120S 1065 Other
FORM (Place at FIRST page)
A. Were any shareholders, partners, or members nonresidents of Vermont during this tax year? . . . . . . . . . . A. 4 Yes No Form pages
B. Did this entity have income or losses derived from at least one state other than Vermont? . . . . . . . . . . . . . B. 4 Yes No
If Yes, complete and attach Schedule BI-477 .
C. Net adjustment to income resulting from Vermont’s disallowance of
“bonus depreciation” (IRC 168(k)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C. ________________________-47589 .00 11 - 12
D. Total number of Shareholders, Partners, or Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D. ____________________________67
E. How many are Vermont Residents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E. ____________________________7
F. How many are Nonresidents? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F. ____________________________60
G. Check box if 32 V .S .A . § 5920(f), (g), or (h) applies (regarding nonresident estimated payments for affordable housing projects,
federal new market tax credit projects, or publicly traded partnerships) . Attach authorization or documentation . . . . . . . . . . . . . . . . . . . . G.
TAX COMPUTATION (see instructions): Enter all amounts in whole dollars.
Check box if exception NO VERMONT ACTIVITY / INVESTMENT CLUB § 5921 IRC § 761
INACTIVE ($0) ($0) ($0)
to minimum tax applies:
1. Vermont minimum entity tax ($250) or above exception (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________250 .00
2. For non-composite entities
2a. Nonresident estimated payment requirement
(Schedule BI-472, Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a. ________________________ .00
2b. Overpayment distributed to owners (ADD Schedule K-1VT,
Lines 11 and 12 from all schedules, then SUBTRACT
amount from Schedule BI-472, Line 6) . . . . . . . . . . . . . . . . . . 2b. ________________________ .00
2c. ADD Lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2c. ________________________ .00
3. For composite entities, Vermont composite tax due (Schedule BI-473, Line 11) . . . . . . . . . . . . . . . . . . . . . 3. ________________________13823 .00
4. Vermont apportionment of entity level taxes (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ________________________ .00
5. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . . . . . . 5. ________________________ .00
6. Total tax due (ADD Lines 1, 2c, 3, 4, and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________14073 .00
Form BI-471
5454 Page 1 of 2, Rev. 10/23
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234711200*
*234711200*
Page 12
PAYMENTS AND CREDITS Enter all amounts in whole dollars.
7. Prior Year Overpayment Applied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ________________________ .00
8. Payments with Extension (Form BA-403) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ________________________7500 .00
9. Real estate withholding paid for this entity (Form REW-171, REW Schedule A) . . . . . . . . . . . . . . . . . . . . 9. ________________________ .00
10. Real estate withholding distributed to this entity by a different company (Schedule K-1VT, Line 12) . . . 10. ________________________ .00
11. Nonresident estimated payments paid by this entity (Form WH-435) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ________________________5000 .00
12. Nonresident estimated payments distributed to this entity by a different company
(Schedule K-1VT, Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. ________________________ .00
13. Total payments (ADD Lines 7 through 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ________________________12500 .00
RECONCILIATION FORM (Place at LAST page)
14. Balance Due: If Line 6 is greater than Line 13, subtract Line 6 from Line 13 . . . . . . . . . . . . . . . . . . . . . . . 14. ________________________1573 .00 Form pages
15. Payment included with this return . Make check payable to Vermont Department of Taxes. . . . . . . . . . 15. ________________________1573 .00
16. Overpayment: If Line 6 is less than the sum of Lines 13 and 15,
ADD Lines 13 and 15, then SUBTRACT Line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ________________________ .00
11 - 12
17. Overpayment to be credited to the next tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. ________________________ .00
18. Overpayment to be refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. ________________________ .00
SIGNATURE
I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes
Annotated, Title 32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the
taxpayer, this declaration further provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other
purpose, or made available to any other person, other than for the preparation of this return unless a separate valid consent form is signed
by the taxpayer and retained by the preparer.
Signature of Responsible Officer Date (MM/DD/YYYY) Daytime Telephone Number
/ /
Printed Name Email Address (optional)
Check if the Vermont Department of Taxes may discuss this return with the preparer shown.
Signature of Paid Preparer Date (MM/DD/YYYY) Preparer’s Telephone Number
/ /
Preparer’s Printed Name Email Address (optional)
Firm’s Name (or yours if self-employed) EIN Preparer’s SSN or PTIN
Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
Check if self-employed
Send return Vermont Department of Taxes
and check to: 133 State Street For Department Use Only Form BI-471
Montpelier, VT 05633-1401 Ck. Amt. Init. Page 2 of 2
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Vermont Department of Taxes
Schedule BI-473 *234731100*
Vermont Composite *234731100*
Page 5
Include with Form BI-471
PRINT in BLUE or BLACK INK
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
JUICY LLC 20231231 400008098
Enter all amounts in whole dollars.
1. Taxable Income (Schedule BI-477, Line 27) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________2728532 .00
2. Vermont Income Tax Adjustment % (Schedule BI-477, Line 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . __________43.168854. ______________%
3. Vermont Adjusted Income (MULTIPLY Line 1 by Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ________________________1177876 .00
4. Percentage of income from Line 3 passed through to nonresidents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. . __________39.458712. ______________%
FORM (Place at FIRST page)
5. Total nonresident income (MULTIPLY Line 3 by Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________464775 .00 Form pages
6. Composite net operating loss (Enter as a Positive Number, Attach Statement) . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________ .00
7. Additional Adjustments (Specify) __________________________________________ . . . . . . . . . . . . . . . 7. ________________________ .00
5 - 5
8. Vermont taxable composite income (SUBTRACT Line 6 from Line 5 and ADD Line 7) . . . . . . . . . . . . 8. ________________________464775 .00
9. Composite Tax (MULTIPLY Line 8 by 7.6% (0.076)) . If negative, enter -0- . . . . . . . . . . . . . . . . . . . . . . 9. ________________________35323 .00
10. Tax credits available for composite shareholders/partners/members
(Attach Schedules BA-404 and BA-406) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. ________________________21500 .00
NOTE: Line 10 tax credits may not reduce your tax liability to less than the minimum tax . Review
program guidelines to determine if there are other limitations regarding usage of tax credits .
11. Vermont Composite Tax due (Line 9 MINUS Line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ________________________13823 .00
FORM (Place at LAST page)
Form pages
Schedule BI-473 5 - 5
Page 1 of 1
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Vermont Department of Taxes
Schedule BI-477 *234771100*
Vermont Income Adjustment Calculation: *234771100*
Page 3
Pass-Through Nonresident
Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
JUICY LLC 20231231 400008098
SECTION 1 PASS-THROUGH PERSONAL INCOME ADJUSTMENT CALCULATION
PART I. INCOME DERIVED FROM OWNERSHIP OF PROPERTY
Column A Column B
Federal Amount Amount from Vermont
Situs Property
1. Net Rental Real Estate
Income (loss) . . . . . . . . . . . . . 1A. ________________________ .00 1B. _________________________ .00
2. Other Net Rental
Income (loss) . . . . . . . . . . . . . 2A. ________________________ .00 2B. _________________________ .00
FORM (Place at FIRST page)
3. Royalties . . . . . . . . . . . . . . . . . 3A. ________________________ .00 3B. _________________________ .00 Form pages
PART II. GAINS FROM THE SALE OR EXCHANGE OF PROPERTY
Column A Column B
Federal Amount Amount from Vermont
Situs Property
3 - 5
4. Net Long Term Capital
Gain (loss) . . . . . . . . . . . . . . . 4A. ________________________ .00 4B. _________________________ .00
5. Net Short Term Capital
Gain (loss) . . . . . . . . . . . . . . . 5A. ________________________ .00 5B. _________________________ .00
6. Guaranteed Payments for
Capital . . . . . . . . . . . . . . . . . . . 6A. ________________________ .00 6B. _________________________ .00
7. Collectibles (28%) Gain (loss) 7A. ________________________ .00 7B. _________________________ .00
8. Unrecaptured
IRC § 1250 Gain . . . . . . . . . . . 8A. ________________________ .00 8B. _________________________ .00
9. Net IRC § 1231 Gain (loss) . . 9A. ________________________ .00 9B. _________________________ .00
PART III. WAGES, SALARIES, COMPENSATION TO PARTNERS
Column A Column B
Federal Amount Amount Received for Services
Performed in Vermont
10. Wages and Salaries . . . . . . . . 10A. ________________________245690 .00 10B. _________________________129702 .00
11. Other Compensation . . . . . . . 11A. ________________________ .00 11B. _________________________ .00
12. Guaranteed Payments for
Services . . . . . . . . . . . . . . . . . 12A. ________________________ .00 12B. _________________________ .00
Schedule BI-477
Page 1 of 3
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Entity Name (same as on Form BI-471)
JUICY LLC
FEIN Fiscal Year Ending (YYYYMMDD) *234771200*
400008098 20231231 *234771200*
Page 10
PART IV. BUSINESS INCOME
13. Vermont Sales and Receipts Factor as a percent of Everywhere (Section 2, Line 40) . . . . . . . . . . . . . . . . . 13. . __________42.559021. ______________%
Column A Column B
Federal Amount Derived within Vermont
(Multiply Column A by Line 13)
14. Ordinary Business Income . . 14A. ________________________2574690 .00 14B. _________________________1095763 .00
15. Net adjustment to income
resulting from Vermont’s
disallowance of “bonus
depreciation” (IRC 168(k)) . . 15A. ________________________-111819 .00 15B. _________________________-47589 .00
16. Ordinary Business Income
with Bonus Depreciation
Disallowance
(ADD Lines 14 and 15) . . . . 16A. ________________________2462871 .00 16B. _________________________1048174 .00
17. Interest Income . . . . . . . . . . . 17A. ________________________10548 .00 17B. _________________________4489 .00
18. Dividends
18i. Ordinary
Dividends . . . . . . . 18iA. ________________________ .00 18iB. _________________________ .00
18ii. Qualified
Dividends . . . . . . 18iiA. ________________________ .00 18iiB. _________________________ .00
18iii. Dividend
Equivalents . . . . . 18iiiA. ________________________ .00 18iiiB. _________________________ .00
19. Other Apportionable
Business Income
(Specify) _______________ 19A. ________________________ .00 19B. _________________________ .00
20. IRC § 179 Deduction . . . . . . 20A. ________________________ .00 20B. _________________________ .00
21. ADD Lines 1A through 6A, 9A through 12A, 16A through 19A, then SUBTRACT Line 20A . . . . . . . 21. ________________________2719109 .00
PART V. INCOME ADJUSTMENT
22. Interest Income not derived from Vermont activity
(SUBTRACT Line 17A from federal Form 1065, Sch. K, Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22. ________________________9423 .00
23. Dividends not derived from Vermont activity (SUBTRACT the SUM of Lines 18iA, 18iiA, and
18iiiA from the SUM of federal Form 1065, Sch. K, Lines 6a, 6b, and 6c) . . . . . . . . . . . . . . . . . . . . . . . 23. ________________________ .00
24. Other Income (loss) (Specify) ______________________________________________ . . . . . . . . . . . . . . 24. ________________________ .00
25. ADD Lines 21 through 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25. ________________________2728532 .00
26. Other Adjustments (Attach detailed explanation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26. ________________________ .00
27. TAXABLE INCOME (ADD Lines 25 and 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27. ________________________2728532 .00
28. VERMONT INCOME (ADD Lines 1B through 6B, 9B through 12B, 16B through 19B, then
SUBTRACT Line 20B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. ________________________1177876 .00
29. INCOME ADJUSTMENT % (DIVIDE Line 28 by Line 27. MULTIPLY the result by 100 and
carry the result out to the fourth decimal place.) Also enter on Schedule BI-473, Line 2 . . . . . . . . . . . 29. . __________43.168854. ______________%
Schedule BI-477
Page 2 of 3
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Entity Name (same as on Form BI-471)
JUICY LLC
FEIN Fiscal Year Ending (YYYYMMDD) *234771300*
400008098 20231231 *234771300*
Page 5
SECTION 2 VERMONT APPORTIONMENT
PART VI. VERMONT SALES AND RECEIPTS FACTOR
Column A Column B
Everywhere Vermont
30. Sales or gross receipts . . . . . 30A. ________________________1548002 .00
31. Sales of services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31B. _________________________ .00
32. Sales of tangible personal property delivered or shipped to
purchasers in Vermont from outside Vermont . . . . . . . . . . . . . . . . . . . . . . . 32B. _________________________682130 .00
33. Sales of tangible personal property delivered or shipped to
purchasers in Vermont from within Vermont . . . . . . . . . . . . . . . . . . . . . . . 33B. _________________________ .00
34. Special Industries: Enter non-dollar sales factor figures here . . . . . . . . . . . .34B. _________________________ .00
35. Apportionable interest and FORM (Place at LAST page)
dividends . . . . . . . . . . . . . . . . 35A. ________________________245801 .00 35B. _________________________81295 .00 Form pages
36. Royalties . . . . . . . . . . . . . . . . 36A. ________________________ .00 36B. _________________________ .00
37. Gross rents . . . . . . . . . . . . . . 37A. ________________________ .00 37B. _________________________ .00
38. Other apportionable business 3 - 5
income (attach detailed
supporting statement) . . . . . . 38A. ________________________ .00 38B. _________________________ .00
39. Total GROSS RECEIPTS
(ADD Lines 30 through 38) 39A. ________________________ 1793803.00 39B. _________________________763425.00
40. Vermont Gross Receipt factor (DIVIDE Line 39B by 39A. MULTIPLY the result by 100 and
carry the result out to the sixth decimal place.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40. . __________42.559021. ______________%
PART VII. PROPERTY FACTOR (Average value during year)
Column A Column B
Everywhere Vermont
41. Inventories . . . . . . . . . . . . . . 41A. ________________________487000 .00 41B. _________________________200150 .00
42. Buildings and other depreciable
assets (original cost) . . . . . . . 42A. ________________________1254000 .00 42B. _________________________501600 .00
43. Depletable assets
(original cost) . . . . . . . . . . . . 43A. ________________________ .00 43B. _________________________ .00
44. Land . . . . . . . . . . . . . . . . . . . 44A. ________________________ .00 44B. _________________________ .00
45. Other assets
(Attach schedule) . . . . . . . . . 45A. ________________________ .00 45B. _________________________ .00
46. Rented real and personal property
(Multiply annual rent by 8) . . 46A. ________________________ .00 46B. _________________________ .00
47. Total PROPERTY
(ADD Lines 41 through 46) 47A. ________________________ .00 47B. _________________________ .00
Schedule BI-477
Page 3 of 3
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Vermont Department of Taxes
Schedule BA-404 *234041100*
Vermont Tax Credits Earned, Applied, *234041100*
Page 5
Expired, and Carried Forward
Include with Form CO-411
PRINT in BLUE or BLACK INK or Form BI-471
or Form BI-476
Enter all amounts in whole dollars.
Entity Name (same as on Form CO-411, Form BI-471, or Form BI-476) Fiscal Year Ending (YYYYMMDD) FEIN
JUICY LLC 20231231 400008098
(A) (B) (C) (D)
Amount Carried Amount Earned Amount Applied Amount Carried
Forward Current Year Current Year Forward to Future
from Prior Years Years
1. Research and Development
(32 V.S.A. § 5930ii)
FORM (Place at FIRST page)
2. Charitable Housing Form pages
(32 V.S.A. § 5830c)
3. Affordable Housing
(32 V.S.A. § 5930u)
4. Qualified Sale of Mobile 5 - 5
Home Park
(32 V.S.A. § 5828)
5. Vermont Entrepreneurs’
Seed Capital Fund
(32 V.S.A. § 5830b)
6. Code Improvement
(32 V.S.A. § 5930cc(c))
7. Historic Rehabilitation
(32 V.S.A. § 5930cc(a))
8. Facade Improvement
(32 V.S.A. § 5930cc(b))
9. Investment Tax Credit -
Solar Energy
(32 V.S.A. § 5822(d)) 7500 7500
10. Investment Tax Credit -
Other
(32 V.S.A. § 5822(d)) 14000 14000
FORM (Place at LAST page)
11. TOTAL FOR ALL Form pages
CREDITS (ADD
Lines 1 through 10) 21500 21500
5 - 5
Schedule BA-404
Page 1 of 1
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Vermont Department of Taxes
Schedule K-1VT *23K1V1100*
Vermont Shareholder, Partner, or *23K1V1100*
Page 7
Member Information This schedule is REQUIRED.
Include with Form BI-471
Entity Name (same as on Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
JUICY LLC 20231231 400008098
HEADER INFORMATION - REQUIRED ENTRIES
Entity Name (Shareholder, Partner, or Member) FEIN
JUICY LLC 400008098
OR Individual Last Name (Shareholder, Partner, or Member) First Name Initial OR Social Security Number
Address Recipient Type
8693 POPLAR ST (I, C, S, L, P, X, or T) L
Address, Line 2 (if needed) Residency Status
City State ZIP Code Vermont Resident FORM (Place at FIRST page)
DEDHAM MA 02026 Form pages
Foreign Country (if not United States) 4 Nonresident
PART I PASS-THROUGH ENTITY INFORMATION
1. Ownership percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. . _______100.000000. ______________% 7 - 8
2. Profit percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. . _______100.000000. ______________%
3. Loss percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . _______100.000000. ______________%
4. Disregarded entity (single-member LLC or Qualified Subchapter S subsidiary)? . . . . . . . . . . . . 4. Yes 4 No
5. Is this entity a unit of a Series LLC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Yes 4 No
6. Did this entity pay tax on this income as part of a composite return? . . . . . . . . . . . . . . . . . . . . . . 6. 4 Yes No
PART II DISTRIBUTIONS TO OWNERS Enter all amounts in whole dollars.
7. Vermont Business Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ______________________464775 .00
8. Capital gains allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ______________________.00
9. Other income allocated to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ______________________.00
10. Exempt Income - Vermont income not characterized as Unrelated
Business Income (UBI) for federal purposes (tax-exempt entities only) . . . . . . . . . . . . . . . . . . 10. ______________________.00
11. Total annual nonresident estimated payments allocated to this shareholder . . . . . . . . . . . . . . . . 11. ______________________.00
12. Total annual real estate withholding payments allocated to this shareholder . . . . . . . . . . . . . . 12. ______________________.00
13. Share of total federal bonus depreciation difference.
Enter on Schedule IN-112, Line 4 or Line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ______________________.00
14. Share of total state and local taxes deducted difference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ______________________.00
(continued on next page) Schedule K-1VT
Page 1 of 2
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Entity Name (same as on Form Form BI-471)
JUICY LLC
FEIN Fiscal Year Ending (YYYYMMDD) *23K1V1200*
400008098 20231231 *23K1V1200*
Page 8
PART III DISTRIBUTIVE SHARE OF APPORTIONMENT FACTORS
A. Everywhere B. Vermont
15. Sales . . . . . . . . . . . . . . . . . . . . . . . . .15A. _________________________ .00 15B. _________________________.00
16. Payroll . . . . . . . . . . . . . . . . . . . . . . .16A. _________________________ .00 16B. _________________________.00
17. Property . . . . . . . . . . . . . . . . . . . . . .17A. _________________________ .00 17B. _________________________.00
FORM (Place at LAST page)
Form pages
7 - 8
Schedule K-1VT
Page 2 of 2
5454 Rev. 10/23
|
 Enlarge image | Test 4 Required Vermont Forms/Schedules: CO-411, BA-402, BA-404, CO-419 & CO-420 x 2 Taxpayer(s) Information: Entity Name: Big Gains Went Overseas Inc. Federal Employer ID: 40-0008087 Federal Extension Requested: Y Primary 6-digit NAICS #: 522110 Unitary: Y Mailing Address: 108 River St Tax Year Begin Date: Jan-01-2023 City: Bloomsburg Tax Year End Date: Dec-31-2023 State: PA Federal Return Filed: 1120 Zip Code: 17815 # of companies in VT Unitary Group: 5 Country: USA # of companies with VT Nexus: 1 Return Information: VT Inventories: $ 100,000 Federal Taxable Income: $ 27,714,072,096 Land: $ 1,000,000 Special Deductions Federal: $ (1,363,745,284) VT Land: $ 100,000 Income/Loss from unitary members included in Vermont combined group: $ 12,000 Other Assets: $ 1,000,000 Income/Loss from affiliated entities filed excluded from VT combined group: $ (154,989,202) VT Other Assets: $ 100,000 Special Deductions VT adjustments: $ 15,453,756 Previous Year R&D: $ 6,523 Eliminations: $ 50,000 Current Year R&D: $ 10,000 Other Adjustements: $ 6,000,000 R&D Used Current Year: $ 6,531 Bonus Depreciation Adjustment: $ (436,352,715) Foreign Affiliate 1 Name: Arto Co, Germany Interest on non-VT State & Local Obligations: $ 2,500,365 Foreign Affiliate 1 FEIN: 44-4555777 State & Local Income or Franchise Taxes: $ 72,123,112 Dividends Paid: $ 5,000,000 Non-Apportionable Income or loss allocated everywhere: $ (900,000,000) Taxable Income: $ 600,000,000 Foreign dividends received: $ 250,000,000 Sales or Gross Receipts: $ 45,212,313 Factor Relief: Y Business Interest: $ 7,000 Interest on US Government Obligations: $ 72,896 Royalties: $ 554,654,123 "Gross UP: required by IRC §78: $ 450,231 Gross Rents: $ 8,005,642 Targeted Job Credit Salary & Wage Expense Addback: $ 150 Other Business Income: $ 6,500 Vermont Net Operating Loss: $ (100,000) Foreign Affiliate 2 Name: Arto Co Japan Use Tax Due: $ 25 Foreign Affiliate 2 FEIN: 44-4555666 Gross Receipts: $ 114,080,856 Dividends Paid: $ 3,000,000 Estimated Payments: $ 2,401,823 Taxable Income: $ 2,000,000 Payments with Extension: $ 650,608 Sales or Gross Receipts: $ 7,800,000 Sales or Gross Receipts: $ 63,123,456,000 Business Interest: $ 980,000 Sales of Services to Vermont: $ 110,075,400 Royalties: $ 8,456,321 Sales of TPP from Outside VT: $ 2,000 Gross Rents: $ 987,654 Sales of TPP from Within VT: $ 3,000 Other Business Income: $ 123,456 Special Industries: $ 456 Foreign Affiliate 3 Name: Arto Co Italy Interest & Dividends: $ 85,001,300 Foreign Affiliate 3 FEIN: 44-4455555 VT Interest & Dividends: $ 600,000 Dividends Paid: $ 250 Factors from Pass Through Entities: $ 6,540,000,212 Taxable Income: $ (100,000) VT Factors from Pass Through Entities: $ 700,000 Sales or Gross Receipts: $ 60,000 Royalties: $ 9,960,000,234 Other Business Income: $ 632 VT Royalties: $ 800,000 Foreign Affiliate 4 Name: Arto CO Vietnam Gross Rents: $ 789,654,123 Foreign Affiliate 4 FEIN: 44-4455888 VT Gross Rents: $ 900,000 Dividends Paid: $ 241,999,750 Other Apportionable Income: $ 123,456,789 Taxable Income: $ 50,000,000 VT Other Apportionable Income: $ 1,000,000 Business Interest: $ 9,000,000 Inventories: $ 1,000,000 Royalties: $ 41,000,000 |
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Vermont Department of Taxes
Form CO-411 *234111100*
Vermont Corporate Income Tax Return *234111100*
Page 15
Name Accounting Extended 4 Unitary PL 86-272 is
Check Change Period Change Return Applicable
Appropriate
Box(es) Address Amended 4 Federal Extension RAR Pro Forma - Final Return
Change Return Requested Amended Cannabis (Cancels Account)
Entity Name (Principal Vermont Corporation) FEIN Primary 6-digit NAICS number
BIG GAINS WENT OVERSEAS INC 400008087 522110
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
108 RIVER ST 20230101 20231231
Address (Line 2) Number of companies in Number of companies
Vermont Unitary Group 5 with Vermont Nexus 1
City State ZIP Code
Federal tax 1120 1120-F 990-T
BLOOMSBURG Foreign Country PA 17815 return filed 4
(Check one box)
1120-H Other
FORM (Place at FIRST page)
Enter all amounts in whole dollars. Form pages
1. FEDERAL TAXABLE INCOME (federal Form 1120, Line 28, as filed) . . . . . . . . . . . . . . . . . . . . . . . 1. ____________________________27714072096 .00
1a. Special Deductions as filed with IRS
(federal Form 1120, Line 29b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1a. __________________________-1363745284 .00
1b. Income/Loss from unitary members included in
Vermont combined group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b. __________________________12000 .00 15 - 17
1c. Income/Loss from affiliated entities filed in the above federal
consolidated returns but excluded from Vermont combined group . 1c. __________________________-154989202 .00
1d. Special Deductions: Vermont adjustments to federal
special deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d. __________________________15453756 .00
1e. Eliminations: Vermont adjustments to federal eliminations . . . . . . 1e. __________________________50000 .00
1f. Other: Other Vermont adjustments to Combined Net Income
(charitable expenses, etc .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f. __________________________6000000 .00
1g. Federal Taxable Income as Adjusted for Combined Net Income (ADD Lines 1 through 1f) . . . . . . 1g. ____________________________26216853366 .00
2. Bonus Depreciation Adjustment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ____________________________-436352715 .00
3. Federal Taxable Income as Adjusted for Combined Net Income and Bonus Depreciation
(ADD Lines 1g and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ____________________________25780500651 .00
4. ADD 4a. Interest on non-Vermont state and local obligations . . . . . . . .4a. __________________________2500365 .00
4b. State and local income or franchise taxes . . . . . . . . . . . . . . . 4b. __________________________72123112 .00
Check box if exception SMALL FARM CORPORATION NO VERMONT ACTIVITY HOMEOWNER’S / CONDO ASSOC.
($75 minimum) ($0) (Federal Form 1120-H only) ($0)
to minimum tax applies:
Form CO-411
Page 1 of 3
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234111200*
*234111200*
Page 16
LESS 4c. Non-Apportionable Income or loss allocated everywhere
(Schedule BA-402, Line 1a, or leave blank) . . . . . . . . . . . . . . 4c. __________________________-900000000 .00
4d. Foreign dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . 4d. __________________________250000000 .00
4e. Interest on U .S . Government obligations . . . . . . . . . . . . . . . . . 4e. __________________________72896 .00
4f. “Gross Up” required by IRC § 78 and other
excludable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4f. __________________________450231 .00
4g. Targeted Job Credit salary and wage expense addback . . . . . .4g. __________________________150 .00
5. NET APPORTIONABLE INCOME
(ADD Lines 3, 4a, and 4b, Then SUBTRACT Lines 4c through 4g.) . . . . . . . . . . . . . . . . . . . . . . . 5. ____________________________26504600851 .00
6. Vermont Percentage (Schedule BA-402, Line 14, or 100 .000000%)
Enter percentage with six places to the right of the decimal point . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. . ____________0.141502. ________________%
7. Income Apportioned to Vermont (MULTIPLY Line 5 by Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ____________________________37504540 .00
8. Non-Apportionable Income to Vermont (Schedule BA-402, Line 1B) . . . . . . . . . . . . . . . . . . . . . . . . . 8. ____________________________10 .00
9. Foreign Dividends Allocated to Vermont (Schedule BA-402, Line 2B) . . . . . . . . . . . . . . . . . . . . . . . . 9. ____________________________353233 .00
10. Net Vermont Income Allocated and Apportioned to Vermont (ADD Lines 7 through 9) . . . . . . . . . 10. ____________________________37857783 .00
11. Vermont Net Operating Loss deduction applied (Attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ____________________________-100000 .00
12. Vermont Net taxable income for this entity (Line 10 MINUS Line 11) . . . . . . . . . . . . . . . . . . . . . . . 12. ____________________________37757783 .00
13. Vermont Tax . Calculate Vermont tax due on Line 12 amount using the
Tax Computation Schedule below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ____________________________3208937 .00
14. Credits (Schedule BA-404, Column C, Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ____________________________6531 .00
15. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . 15. ____________________________25 .00
16. Tax Due for this entity (Line 13 MINUS Line 14, then ADD Line 15) . . . . . . . . . . . . . . . . . . . . . . . 16. ____________________________3202431 .00
17. Gross Receipts (For purpose of minimum tax calculation . See instructions) . . . . . . . . . . . . . . . . . . . . 17. ____________________________114080856 .00
TAX COMPUTATION SCHEDULE
(Effective for taxable periods beginning January 1, 2023)
File the return on the due date required under the
IF VERMONT NET INCOME (Line 12) IS TAX IS Internal Revenue Code, unless extended.
$10,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 .00%
$10,001 to $25,000 . . . . . . . . . . . . $600 plus 7 .00% of excess over $10,000
$25,001 and over . . . . . . . . . . . .$1,650 plus 8 .50% of excess over $25,000 Pay by the due date required under the Internal
Revenue Code, even if the return is extended.
IF VERMONT GROSS RECEIPTS ARE MINIMUM TAX IS Corporations with liabilities over $500, see
$500,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$100 instructions for estimated payments on Vermont
$500,001 to 1,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$500
$1,000,001 to $5,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000 Form CO-414.
$5,000,001 to $300,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000
$300,000,001 and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000
Form CO-411
Page 2 of 3
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234111300*
*234111300*
Page 17
Amount from Line 16 _____________________________3202431
18. Payments
18a. Estimated Payments (Form CO-411) . . . . . . . . . . . . . . . . . . . . . . .18a. __________________________2401823 .00
18b. Payment with Extension (Form BA-403) . . . . . . . . . . . . . . . . . . 18b. __________________________650608 .00
18c. Nonresident estimated payments distributed to this entity by
a different company through a Schedule K-1VT . . . . . . . . . . . . . .18c. __________________________ .00
18d. Real Estate Withholding Payments (Form RW-171) . . . . . . . . . . 18d. __________________________ .00
18e. Prior Year Overpayment Applied . . . . . . . . . . . . . . . . . . . . . . . . .18e. __________________________ .00
18f. Total Payments (ADD Lines 18a through 18e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18f. ____________________________3052431 .00
19. Balance Due. If Line 16 is more than Line 18f, subtract Line 18f from Line 16 .
Make check payable to Vermont Department of Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ____________________________150000 .00
FORM (Place at LAST page)
20. Payment submitted with this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ____________________________150000 .00 Form pages
21. Overpayment . If Line 18f is more than Line 16, subtract Line 16 from Line 18f . . . . . . . . . . . . . . . . 21. ____________________________ .00
22. Overpayment to be applied to next tax year . . . . . . . . . . . . . . . . . . . . . . .22. __________________________ .00
15 - 17
23. Overpayment to be refunded (Line 21 MINUS Line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. ____________________________ .00
I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes Annotated,
Title 32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the taxpayer, this declaration further
provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose, or made available to any other person, other than
for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer.
Signature of Responsible Officer Date (MM/DD/YYYY) Daytime Telephone Number
Printed Name Email Address
Check if the Vermont Department of Taxes may discuss this return with the preparer shown.
Signature of Paid Preparer Date (MM/DD/YYYY) Preparer’s Telephone Number
Preparer’s Printed Name Email Address (optional)
Firm’s Name (or yours if self-employed) EIN Preparer’s SSN or PTIN
Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
Check if self-employed
Send return Vermont Department of Taxes
and check to: 133 State Street
Montpelier, VT 05633-1401
For Department Use Only
Form CO-411
Ck. Amt. Init.
Page 3 of 3
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Vermont Department of Taxes
Schedule BA-402 *234021100*
Vermont Apportionment & Allocation *234021100*
Page 7
For Unitary filers, complete a separate Include with Form CO-411
Schedule BA-402 for each taxable affiliate
Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN
BIG GAINS WENT OVERSEAS INC 20231231 400008087
PART I Non-Apportionable Income and Foreign Dividends
Enter all amounts in WHOLE DOLLARS.
A. Everywhere B. Vermont
1. Non-Apportionable Income . . . . . . . .1A. _________________________-900000000 .00 1B. _________________________10 .00
2. Foreign Dividends . . . . . . . . . . . . . . .2A. _________________________250000000 .00 2B. _________________________353233 .00
PART II Sales and Receipts Factor
Section A Sales and Receipts Factor FORM (Place at FIRST page)
A. Everywhere B. Vermont Form pages
3. Sales or gross receipts . . . . . . . . . . . .3A. _________________________63123456000 .00
4. Sales of Services received in or delivered to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . 4B. _________________________110075400 .00
5. Sales of tangible personal property delivered or shipped to purchasers in Vermont 7 - 8
from outside Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5B. _________________________2000 .00
6. Sales of tangible personal property delivered or shipped to purchasers in Vermont
from within Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6B. _________________________3000 .00
7. Special Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7B. _________________________456 .00
8. Apportionable interest and
dividends . . . . . . . . . . . . . . . . . . . . . .8A. _________________________85001300 .00 8B. _________________________600000 .00
9. Factors from pass through entities . . .9A. _________________________6540000212 .00 9B. _________________________700000 .00
10. Royalties . . . . . . . . . . . . . . . . . . . . .10A. _________________________9960000234 .00 10B. _________________________800000 .00
11. Gross rents . . . . . . . . . . . . . . . . . . . .11A. _________________________789654123 .00 11B. _________________________900000 .00
12. Other apportionable income (attach
detailed supporting statement) . . . . .12A. _________________________123456789 .00 12B. _________________________1000000 .00
13. Total INCOME, SALES, AND
GROSS RECEIPTS
(ADD Lines 3 through 12) . . . . . . .13A. _________________________80621568658 .00 13B. _________________________114080856 .00
14. Vermont Sales and Receipts factor as percent of Everywhere .
(DIVIDE Line 13B by Line 13A. MULTIPLY the result by 100 and carry the
result out to the sixth decimal place.) Enter this figure on Form CO-411, Line 6 . . . . . . . . 14. . _________. 0.141502____________%
Schedule BA-402
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Entity Name (same as on Form CO-411 or Form BI-471)
BIG GAINS WENT OVERSEAS INC
FEIN Fiscal Year Ending (YYYYMMDD) *234021200*
400008087 20231231 *234021200*
Page 8
Section B Salaries and Wages Factor (Informational purposes only)
A. Everywhere B. Vermont
15. Total SALARIES AND WAGES . .15A. _________________________ .00 15b. _________________________.00
Section C Property Factor (Average value during year) (Informational purposes only)
A. Everywhere B. Vermont
16. Inventories . . . . . . . . . . . . . . . . . . . .16A. _________________________1000000 .00 16B. _________________________100000 .00
17. Buildings and other depreciable
assets (original cost) . . . . . . . . . . . .17A. _________________________ .00 17B. _________________________.00
18. Depletable assets (original cost) . . .18A. _________________________ .00 18B. _________________________.00
19. Land . . . . . . . . . . . . . . . . . . . . . . . . .19A. _________________________1000000 .00 19B. _________________________100000 .00 FORM (Place at LAST page)
Form pages
20. Other assets (Attach schedule) . . . . 20A. . _________________________1000000.00 20B. _________________________100000.00
21. Rented real and personal property
(Multiply annual rent by 8) . . . . . . .21A. _________________________ .00 21B. _________________________.00
22. Total PROPERTY
(Add Lines 16 through 21) . . . . . .22A. _________________________3000000 .00 22B. _________________________300000 .00 7 - 8
Schedule BA-402
Page 2 of 2
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Vermont Department of Taxes
Schedule BA-404 *234041100*
Vermont Tax Credits Earned, Applied, *234041100*
Page 5
Expired, and Carried Forward
Include with Form CO-411
PRINT in BLUE or BLACK INK or Form BI-471
or Form BI-476
Enter all amounts in whole dollars.
Entity Name (same as on Form CO-411, Form BI-471, or Form BI-476) Fiscal Year Ending (YYYYMMDD) FEIN
BIG GAINS WENT OVERSEAS INC 20231231 444445687
(A) (B) (C) (D)
Amount Carried Amount Earned Amount Applied Amount Carried
Forward Current Year Current Year Forward to Future
from Prior Years Years
1. Research and Development
(32 V.S.A. § 5930ii) 6523 10000 6531 9992
FORM (Place at FIRST page)
2. Charitable Housing Form pages
(32 V.S.A. § 5830c)
3. Affordable Housing
(32 V.S.A. § 5930u)
4. Qualified Sale of Mobile 5 - 5
Home Park
(32 V.S.A. § 5828)
5. Vermont Entrepreneurs’
Seed Capital Fund
(32 V.S.A. § 5830b)
6. Code Improvement
(32 V.S.A. § 5930cc(c))
7. Historic Rehabilitation
(32 V.S.A. § 5930cc(a))
8. Facade Improvement
(32 V.S.A. § 5930cc(b))
9. Investment Tax Credit -
Solar Energy
(32 V.S.A. § 5822(d))
10. Investment Tax Credit -
Other
(32 V.S.A. § 5822(d))
FORM (Place at LAST page)
11. TOTAL FOR ALL Form pages
CREDITS (ADD
Lines 1 through 10) 6523 10000 6531 9992
5 - 5
Schedule BA-404
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Vermont Department of Taxes
Schedule CO-419 *234191100*
Vermont Apportionment of Foreign Dividends *234191100*
Page 3
(for Unitary Filers Only) Include with Form CO-411
Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN
BIG GAINS WENT OVERSEAS INC 20231231 400005687
Column A Column B Column C
EVERYWHERE VERMONT Vermont as portion
(Denominator) (Numerator) of EVERYWHERE
1. Total Income, Sales, and Gross
Receipts (Schedule BA-402,
Lines 13A and 13B) . . . . . . . . 1A. ________________________80621568658 .00 1B. ________________________114080856 .00
2. Sales Increment (ADD Lines 10
and 20 from all attached
Schedules CO-420) . . . . . . . . 2A. ________________________119064667 .00
3. Adjusted Sales Increment
(ADD Lines 1A and 2A) . . . . 3A. ________________________80740633325 .00
4. Modified Sales Factor (DIVIDE Line 1B by Line 3A. MULTIPLY the result by 100 and
carry the result out to the sixth decimal place.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. . __________0.141293. ______________% FORM (Place atFIRST page)
Form pages
5. FOREIGN DIVIDENDS as defined in Reg . § 1 .5862(d) . (Schedule BA-402, Line 2A) . . . . . . . . . . . . . . . . 5. ________________________250000000 .00
6. VERMONT FOREIGN DIVIDENDS TAXABLE INCOME (MULTIPLY Line 5 by Line 4)
Enter onto Schedule BA-402, Line 2B and Form CO-411, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________353233 .00
3 - 3
FORM (Place at LAST page)
Form pages
3 - 3
Schedule CO-419
Page 1 of 1
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Vermont Department of Taxes
Schedule CO-420 *234201100*
Vermont Foreign Dividend Factor Increments *234201100*
Page 3
(for Unitary Filers only)
Complete for each dividend payor affiliate. More than one Schedule CO-420 may be attached. Include with Form CO-411
Enter all amounts in WHOLE DOLLARS.
Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN
BIG GAINS WENT OVERSEAS INC 20231231 400005687
Name of Affiliate Affiliate’s FEIN
Affiliate #1
ARTO CO GERMAN 444555777
1. Dividend paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________5000000 .00
2. Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________600000000 .00
3. Percentage of taxable income paid as dividend (DIVIDE Line 1 by Line 2. MULTIPLY the result by 100,
carry the result out to the sixth decimal place.) If taxable income is $0 or less, enter 100 .000000% . . .3. __________8.333333. ______________%
4. Sales or gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ________________________45212313 .00
FORM (Place at FIRST page)
5. Business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________7000 .00 Form pages
6. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________554654123 .00
7. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ________________________8005642 .00
3 - 3
8. Other business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ________________________6500 .00
9. TOTAL INCOME, SALES, AND GROSS RECEIPTS
(ADD Lines 4 through 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ________________________607879278 .00
10. Sales and Receipts Increment (MULTIPLY Line 9 by Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. ________________________50656604 .00
Name of Affiliate Affiliate’s FEIN
Affiliate #2
ARTO CO JAPAN 444555666
11. Dividend paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ________________________3000000 .00
12. Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. ________________________2000000 .00
13. Percentage of taxable income paid as dividend (DIVIDE Line 11 by Line 12. MULTIPLY the result by 100,
carry the result out to the sixth decimal place.) If taxable income is $0 or less, enter 100 .000000% . .13. __________100.000000. ______________%
14. Sales or gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ________________________7800000 .00
15. Business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. ________________________980000 .00
16. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ________________________8456321 .00
17. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. ________________________987654 .00 FORM (Place at LAST page)
Form pages
18. Other business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. ________________________123456 .00
19. TOTAL INCOME, SALES, AND GROSS RECEIPTS
(ADD Lines 14 through 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ________________________18347431 .00
20. Sales and Receipts Increment (MULTIPLY Line 19 by Line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ________________________18347431 .00
3 - 3
The sales and receipts increment (Lines 10 and 20 from all attached Schedules CO-420) Schedule CO-420
will be entered onto Line 2 of Schedule CO-419. Page 1 of 1
5454 Rev. 10/23
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Vermont Department of Taxes
Schedule CO-420 *234201100*
Vermont Foreign Dividend Factor Increments *234201100*
Page 3
(for Unitary Filers only)
Complete for each dividend payor affiliate. More than one Schedule CO-420 may be attached. Include with Form CO-411
Enter all amounts in WHOLE DOLLARS.
Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN
BIG GAINS WENT OVERSEAS INC 20231231 400008087
Name of Affiliate Affiliate’s FEIN
Affiliate #1
ARTO CO ITALY 444455555
1. Dividend paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________250 .00
2. Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________-100000 .00
3. Percentage of taxable income paid as dividend (DIVIDE Line 1 by Line 2. MULTIPLY the result by 100,
carry the result out to the sixth decimal place.) If taxable income is $0 or less, enter 100 .000000% . . .3. __________100.000000. ______________%
4. Sales or gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ________________________60000 .00
FORM (Place at FIRST page)
5. Business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________0 .00 Form pages
6. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. ________________________0 .00
7. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ________________________0 .00
3 - 3
8. Other business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. ________________________632 .00
9. TOTAL INCOME, SALES, AND GROSS RECEIPTS
(ADD Lines 4 through 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. ________________________60632 .00
10. Sales and Receipts Increment (MULTIPLY Line 9 by Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. ________________________60632 .00
Name of Affiliate Affiliate’s FEIN
Affiliate #2
ARTO CO VIETNAM 444455888
11. Dividend paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ________________________241999750 .00
12. Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. ________________________50000000 .00
13. Percentage of taxable income paid as dividend (DIVIDE Line 11 by Line 12. MULTIPLY the result by 100,
carry the result out to the sixth decimal place.) If taxable income is $0 or less, enter 100 .000000% . .13. __________100.000000. ______________%
14. Sales or gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ________________________0 .00
15. Business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. ________________________9000000 .00
16. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. ________________________41000000 .00
17. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. ________________________ .00 FORM (Place at LAST page)
Form pages
18. Other business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18. ________________________ .00
19. TOTAL INCOME, SALES, AND GROSS RECEIPTS
(ADD Lines 14 through 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ________________________50000000 .00
20. Sales and Receipts Increment (MULTIPLY Line 19 by Line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ________________________50000000 .00
3 - 3
The sales and receipts increment (Lines 10 and 20 from all attached Schedules CO-420) Schedule CO-420
will be entered onto Line 2 of Schedule CO-419. Page 1 of 1
5454 Rev. 10/23
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 Enlarge image | Test 5 - Direct Deposit Required Vermont Forms/Schedules: CO-411, BA-402, BA-404 & BA-410 Taxpayer(s) Information: Entity Name: Botterly Robotics Inc. Federal Employer ID: 40-0008693 Primary 6-digit NAICS #: 541715 Mailing Address: 1776 Indpendence Rd. City: Norwich State: VT Zip Code: 05055 Country: USA Extended Return: Y Tax Year Begin Date: Jan-01-2023 Tax Year End Date: Dec-31-2023 Federal Return Filed: 1120 # of companies in VT Unitary Group: 4 # of companies with VT Nexus: 1 Return Information: Federal Taxable Income: $ 1,502,650.00 Affiliate 2 Name: Bears Tech Inc Bonus Depreciation Adjustment: $ 235,600.00 Affiliate 2 FEIN: 40-0008002 Sales & Gross Receipts: $ 1,300,072.00 Unitary Member? Y Sales of Services received in or delivered to VT: $ 607,590.00 Disregarded Entity? Y Sales of tangible personal property delivered or shipped to purchasers in VT from within VT: $ 692,482.00 Pass-through Entity? N Salaries and Wages: $ 482,650.00 Vermont Nexus: N VT Salaries and Wages: $ 482,650.00 Affiliate 3 Name: Keiths Auto Inc. Inventories: $ 2,568,204.00 Affiliate 3 FEIN: 40-0008003 VT Inventories: $ 2,568,204.00 Unitary Member? Y Buildings & other depreciable assets: $ 458,000.00 Disregarded Entity? N VT Buildings & other depreciable assets: $ 458,000.00 Pass-through Entity? N Research & Development: $ 56,980.00 Vermont Nexus: Y Affiliate 1 Name: Scotty Mechanics Inc. Affiliate 1 FEIN: 40-0008001 Unitary Member? Y Disregarded Entity? N Pass-through Entity? Y Vermont Nexus: N Direct Debit Information for Vermont: Routing Number: 211691185 Checking Account Number 75486756 Payment Date: 04/15/2024 |
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Vermont Department of Taxes
Form CO-411 *234111100*
Vermont Corporate Income Tax Return *234111100*
Page 15
Name Accounting 4 Extended 4 Unitary PL 86-272 is
Check Change Period Change Return Applicable
Appropriate
Box(es) Address Amended Federal Extension RAR Pro Forma - Final Return
Change Return Requested Amended Cannabis (Cancels Account)
Entity Name (Principal Vermont Corporation) FEIN Primary 6-digit NAICS number
BOTTERLY ROBOTICS INC 400008693 541715
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
1776 INDEPENDENCE RD 20230101 20231231
Address (Line 2) Number of companies in Number of companies
Vermont Unitary Group 3 with Vermont Nexus 1
City State ZIP Code
Federal tax 1120 1120-F 990-T
NORWICH Foreign Country VT 05055 return filed 4
(Check one box)
1120-H Other
FORM (Place at FIRST page)
Enter all amounts in whole dollars. Form pages
1. FEDERAL TAXABLE INCOME (federal Form 1120, Line 28, as filed) . . . . . . . . . . . . . . . . . . . . . . . 1. ____________________________1502650 .00
1a. Special Deductions as filed with IRS
(federal Form 1120, Line 29b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1a. __________________________ .00
1b. Income/Loss from unitary members included in
Vermont combined group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b. __________________________ .00 15 - 17
1c. Income/Loss from affiliated entities filed in the above federal
consolidated returns but excluded from Vermont combined group . 1c. __________________________ .00
1d. Special Deductions: Vermont adjustments to federal
special deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d. __________________________ .00
1e. Eliminations: Vermont adjustments to federal eliminations . . . . . . 1e. __________________________ .00
1f. Other: Other Vermont adjustments to Combined Net Income
(charitable expenses, etc .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f. __________________________ .00
1g. Federal Taxable Income as Adjusted for Combined Net Income (ADD Lines 1 through 1f) . . . . . . 1g. ____________________________1502650 .00
2. Bonus Depreciation Adjustment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ____________________________235600 .00
3. Federal Taxable Income as Adjusted for Combined Net Income and Bonus Depreciation
(ADD Lines 1g and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ____________________________1738250 .00
4. ADD 4a. Interest on non-Vermont state and local obligations . . . . . . . .4a. __________________________ .00
4b. State and local income or franchise taxes . . . . . . . . . . . . . . . 4b. __________________________ .00
Check box if exception SMALL FARM CORPORATION NO VERMONT ACTIVITY HOMEOWNER’S / CONDO ASSOC.
($75 minimum) ($0) (Federal Form 1120-H only) ($0)
to minimum tax applies:
Form CO-411
Page 1 of 3
5454 Rev. 10/23
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234111200*
*234111200*
Page 16
LESS 4c. Non-Apportionable Income or loss allocated everywhere
(Schedule BA-402, Line 1a, or leave blank) . . . . . . . . . . . . . . 4c. __________________________ .00
4d. Foreign dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . 4d. __________________________ .00
4e. Interest on U .S . Government obligations . . . . . . . . . . . . . . . . . 4e. __________________________ .00
4f. “Gross Up” required by IRC § 78 and other
excludable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4f. __________________________ .00
4g. Targeted Job Credit salary and wage expense addback . . . . . .4g. __________________________ .00
5. NET APPORTIONABLE INCOME
(ADD Lines 3, 4a, and 4b, Then SUBTRACT Lines 4c through 4g.) . . . . . . . . . . . . . . . . . . . . . . . 5. ____________________________1738250 .00
6. Vermont Percentage (Schedule BA-402, Line 14, or 100 .000000%)
Enter percentage with six places to the right of the decimal point . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. . ____________100.000000. ________________%
7. Income Apportioned to Vermont (MULTIPLY Line 5 by Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. ____________________________1738250 .00
8. Non-Apportionable Income to Vermont (Schedule BA-402, Line 1B) . . . . . . . . . . . . . . . . . . . . . . . . . 8. ____________________________ .00
9. Foreign Dividends Allocated to Vermont (Schedule BA-402, Line 2B) . . . . . . . . . . . . . . . . . . . . . . . . 9. ____________________________ .00
10. Net Vermont Income Allocated and Apportioned to Vermont (ADD Lines 7 through 9) . . . . . . . . . 10. ____________________________1738250 .00
11. Vermont Net Operating Loss deduction applied (Attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. ____________________________ .00
12. Vermont Net taxable income for this entity (Line 10 MINUS Line 11) . . . . . . . . . . . . . . . . . . . . . . . 12. ____________________________1738250 .00
13. Vermont Tax . Calculate Vermont tax due on Line 12 amount using the
Tax Computation Schedule below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. ____________________________147276 .00
14. Credits (Schedule BA-404, Column C, Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. ____________________________56980 .00
15. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . 15. ____________________________ .00
16. Tax Due for this entity (Line 13 MINUS Line 14, then ADD Line 15) . . . . . . . . . . . . . . . . . . . . . . . 16. ____________________________90296 .00
17. Gross Receipts (For purpose of minimum tax calculation . See instructions) . . . . . . . . . . . . . . . . . . . . 17. ____________________________1387402 .00
TAX COMPUTATION SCHEDULE
(Effective for taxable periods beginning January 1, 2023)
File the return on the due date required under the
IF VERMONT NET INCOME (Line 12) IS TAX IS Internal Revenue Code, unless extended.
$10,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 .00%
$10,001 to $25,000 . . . . . . . . . . . . $600 plus 7 .00% of excess over $10,000
$25,001 and over . . . . . . . . . . . .$1,650 plus 8 .50% of excess over $25,000 Pay by the due date required under the Internal
Revenue Code, even if the return is extended.
IF VERMONT GROSS RECEIPTS ARE MINIMUM TAX IS Corporations with liabilities over $500, see
$500,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$100 instructions for estimated payments on Vermont
$500,001 to 1,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$500
$1,000,001 to $5,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000 Form CO-414.
$5,000,001 to $300,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000
$300,000,001 and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000
Form CO-411
Page 2 of 3
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Entity Name
FEIN Fiscal Year Ending (YYYYMMDD) *234111300*
*234111300*
Page 17
Amount from Line 16 _____________________________90296
18. Payments
18a. Estimated Payments (Form CO-411) . . . . . . . . . . . . . . . . . . . . . . .18a. __________________________85000 .00
18b. Payment with Extension (Form BA-403) . . . . . . . . . . . . . . . . . . 18b. __________________________10000 .00
18c. Nonresident estimated payments distributed to this entity by
a different company through a Schedule K-1VT . . . . . . . . . . . . . .18c. __________________________ .00
18d. Real Estate Withholding Payments (Form RW-171) . . . . . . . . . . 18d. __________________________ .00
18e. Prior Year Overpayment Applied . . . . . . . . . . . . . . . . . . . . . . . . .18e. __________________________ .00
18f. Total Payments (ADD Lines 18a through 18e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18f. ____________________________95000 .00
19. Balance Due. If Line 16 is more than Line 18f, subtract Line 18f from Line 16 .
Make check payable to Vermont Department of Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. ____________________________ .00
FORM (Place at LAST page)
20. Payment submitted with this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20. ____________________________ .00 Form pages
21. Overpayment . If Line 18f is more than Line 16, subtract Line 16 from Line 18f . . . . . . . . . . . . . . . . 21. ____________________________4704 .00
22. Overpayment to be applied to next tax year . . . . . . . . . . . . . . . . . . . . . . .22. __________________________4704 .00
15 - 17
23. Overpayment to be refunded (Line 21 MINUS Line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23. ____________________________ .00
I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes Annotated,
Title 32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the taxpayer, this declaration further
provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose, or made available to any other person, other than
for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer.
Signature of Responsible Officer Date (MM/DD/YYYY) Daytime Telephone Number
Printed Name Email Address
Check if the Vermont Department of Taxes may discuss this return with the preparer shown.
Signature of Paid Preparer Date (MM/DD/YYYY) Preparer’s Telephone Number
Preparer’s Printed Name Email Address (optional)
Firm’s Name (or yours if self-employed) EIN Preparer’s SSN or PTIN
Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
Check if self-employed
Send return Vermont Department of Taxes
and check to: 133 State Street
Montpelier, VT 05633-1401
For Department Use Only
Form CO-411
Ck. Amt. Init.
Page 3 of 3
5454 Rev. 10/23
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Vermont Department of Taxes
Schedule BA-402 *234021100*
Vermont Apportionment & Allocation *234021100*
Page 7
For Unitary filers, complete a separate Include with Form CO-411
Schedule BA-402 for each taxable affiliate
Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN
BOTTERLY ROBOTICS INC 20231231 400008693
PART I Non-Apportionable Income and Foreign Dividends
Enter all amounts in WHOLE DOLLARS.
A. Everywhere B. Vermont
1. Non-Apportionable Income . . . . . . . .1A. _________________________ .00 1B. _________________________.00
2. Foreign Dividends . . . . . . . . . . . . . . .2A. _________________________ .00 2B. _________________________.00
PART II Sales and Receipts Factor
Section A Sales and Receipts Factor FORM (Place at FIRST page)
A. Everywhere B. Vermont Form pages
3. Sales or gross receipts . . . . . . . . . . . .3A. _________________________1300072 .00
4. Sales of Services received in or delivered to Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . 4B. _________________________607590 .00
5. Sales of tangible personal property delivered or shipped to purchasers in Vermont 7 - 8
from outside Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5B. _________________________.00
6. Sales of tangible personal property delivered or shipped to purchasers in Vermont
from within Vermont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6B. _________________________692482 .00
7. Special Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7B. _________________________.00
8. Apportionable interest and
dividends . . . . . . . . . . . . . . . . . . . . . .8A. _________________________ .00 8B. _________________________.00
9. Factors from pass through entities . . .9A. _________________________ .00 9B. _________________________.00
10. Royalties . . . . . . . . . . . . . . . . . . . . .10A. _________________________ .00 10B. _________________________.00
11. Gross rents . . . . . . . . . . . . . . . . . . . .11A. _________________________ .00 11B. _________________________.00
12. Other apportionable income (attach
detailed supporting statement) . . . . .12A. _________________________ .00 12B. _________________________.00
13. Total INCOME, SALES, AND
GROSS RECEIPTS
(ADD Lines 3 through 12) . . . . . . .13A. _________________________1300072 .00 13B. _________________________1300072 .00
14. Vermont Sales and Receipts factor as percent of Everywhere .
(DIVIDE Line 13B by Line 13A. MULTIPLY the result by 100 and carry the
result out to the sixth decimal place.) Enter this figure on Form CO-411, Line 6 . . . . . . . . 14. . _________. 100.000000____________%
Schedule BA-402
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Entity Name (same as on Form CO-411 or Form BI-471)
BOTTERLY ROBOTICS INC
FEIN Fiscal Year Ending (YYYYMMDD) *234021200*
400008693 20231231 *234021200*
Page 8
Section B Salaries and Wages Factor (Informational purposes only)
A. Everywhere B. Vermont
15. Total SALARIES AND WAGES . .15A. _________________________482650 .00 15b. _________________________482650 .00
Section C Property Factor (Average value during year) (Informational purposes only)
A. Everywhere B. Vermont
16. Inventories . . . . . . . . . . . . . . . . . . . .16A. _________________________2568204 .00 16B. _________________________2568204 .00
17. Buildings and other depreciable
assets (original cost) . . . . . . . . . . . .17A. _________________________458000 .00 17B. _________________________458000 .00
18. Depletable assets (original cost) . . .18A. _________________________ .00 18B. _________________________.00
19. Land . . . . . . . . . . . . . . . . . . . . . . . . .19A. _________________________ .00 19B. _________________________.00 FORM (Place at LAST page)
Form pages
20. Other assets (Attach schedule) . . . . 20A. . _________________________.00 20B. _________________________.00
21. Rented real and personal property
(Multiply annual rent by 8) . . . . . . .21A. _________________________ .00 21B. _________________________.00
22. Total PROPERTY
(Add Lines 16 through 21) . . . . . .22A. _________________________ .00 22B. _________________________.00 7 - 8
Schedule BA-402
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5454 Rev. 10/23
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Vermont Department of Taxes
Schedule BA-404 *234041100*
Vermont Tax Credits Earned, Applied, *234041100*
Page 5
Expired, and Carried Forward
Include with Form CO-411
PRINT in BLUE or BLACK INK or Form BI-471
or Form BI-476
Enter all amounts in whole dollars.
Entity Name (same as on Form CO-411, Form BI-471, or Form BI-476) Fiscal Year Ending (YYYYMMDD) FEIN
BOTTERLY ROBOTICS INC 20231231 400008693
(A) (B) (C) (D)
Amount Carried Amount Earned Amount Applied Amount Carried
Forward Current Year Current Year Forward to Future
from Prior Years Years
1. Research and Development
(32 V.S.A. § 5930ii) 56980 56980
FORM (Place at FIRST page)
2. Charitable Housing Form pages
(32 V.S.A. § 5830c)
3. Affordable Housing
(32 V.S.A. § 5930u)
4. Qualified Sale of Mobile 5 - 5
Home Park
(32 V.S.A. § 5828)
5. Vermont Entrepreneurs’
Seed Capital Fund
(32 V.S.A. § 5830b)
6. Code Improvement
(32 V.S.A. § 5930cc(c))
7. Historic Rehabilitation
(32 V.S.A. § 5930cc(a))
8. Facade Improvement
(32 V.S.A. § 5930cc(b))
9. Investment Tax Credit -
Solar Energy
(32 V.S.A. § 5822(d))
10. Investment Tax Credit -
Other
(32 V.S.A. § 5822(d))
FORM (Place at LAST page)
11. TOTAL FOR ALL Form pages
CREDITS (ADD
Lines 1 through 10) 56980 56980
5 - 5
Schedule BA-404
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Vermont Department of Taxes
Schedule BA-410 *234101100*
Vermont Corporate and Business *234101100*
Page 2
Income Tax Affiliation Include with Form CO-411
or Form BI-471
REQUIRED FOR COMBINED AND CONSOLIDATED RETURNS
Please provide information for all affiliates/subsidiaries/entities contributing income/activity to Vermont Unitary Group.
Entity Name (same as on Form CO-411 or Form BI-471) Fiscal Year Ending (YYYYMMDD) FEIN
BOTTERLY ROBOTICS INC 20231231 400008693
Pass-
Unitary through Has
Disregarded Vermont
group entity
Affiliate Name FEIN member? entity? directly sales or
(“Y” or “N”) owned? activity?
(“Y” or “N”) (“Y” or “N”)
(“Y” or “N”)
1. SCOTTY MECHANICS LLC 400008001 Y N Y N
2. BEARS TECH INC 400008002 Y Y N N
3. KEITHS AUTO INC 400008003 Y N N Y FORM (Place at FIRST page)
Form pages
4.
5.
6. 2 - 2
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
FORM (Place at LAST page)
17. Form pages
18.
19.
2 - 2
20.
Schedule BA-410
USE ADDITIONAL SCHEDULES, IF NECESSARY Page 1 of 1
5454 Rev. 10/23
|
 Enlarge image | Test 6 Required Vermont Forms/Schedules: BA-403 Taxpayer(s) Information: Entity Name: Spooky Inc. Federal Employer ID: 40-0003213 Mailing Address: 100 Main St. City: Montpelier State: VT Zip Code: 05602 Country: USA Tax Year Begin Date: Jan-01-2023 Tax Year End Date: Dec-31-2023 Federal Return Filed: 1120 Consolidated or Group Return: Yes Return Information: Estimated Tax Liability: $ 20,000.00 Checking Account Number $ 12,000.00 |
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Vermont Department of Taxes
Form BA-403 *234031100*
Application for Extension of Time to File *234031100*
Vermont Corporate/Business Income Tax Returns
• File this application on or before the due date of the Vermont Corporate Income Tax Return (Form CO-411) or Vermont
Business Income Tax Return (Form BI-471 or Form BI-476).
• An extension of time to file a federal return automatically extends the time to file with Vermont until 30 days beyond the
federal extension date . However, tax is due on the original due date .
• For businesses filing a Vermont Consolidated or Unitary Group return, the extension, payments and return must be
submitted by the Vermont Parent or Principal Vermont Corporation (PVC), respectively, using their name and Federal
Employee Identification Number. The Parent or PVC must have nexus in Vermont.
Entity Name (Principal Vermont Corporation) FEIN
SPOOKY INC 400003213
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
100 MAIN ST 20230101 20231231
Address (Line 2)
City State ZIP Code 4 CONSOLIDATED OR GROUP RETURN TO BE FILED
(1120 series)
Foreign Country MONTPELIER VT 05602 COMPOSITE RETURN TO BE FILED
(1120S or 1065)
Federal tax return to be filed
(Check one box) 4 990 or 1120 series 1120S 1065/1065-B
(EXCEPT for 1120S)
CALCULATION OF TAX DUE Enter all amounts in whole dollars.
1. Estimated tax liability . . . . . . . . . . . . . . . . . . . . . 1. _____________________20000 .00
2. Previous payments . . . . . . . . . . . . . . . . . . . . . . . . 2. _____________________12000 .00
3. Amount of tax due with this application.
Line 1 minus Line 2 . Do not enter negative value .
Make check payable to Vermont Department of Taxes. . . . . . . . . . . . . . . . . 3. ____________________8000 .00
An extension of time to file a Vermont corporate or business income tax return does not extend the time for paying the tax.
Any tax due and unpaid by the original due date will bear interest at the statutory rate, and a penalty of 1% or 5% per month,
up to a maximum of 25%. Returns filed after the due date without an authorized extension are subject to a late filing fee. The
interest rate is set annually by the Commissioner of Taxes under 32 V.S.A. § 3108.
Mail to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
For Department Use Only Form BA-403
Ck. Amt. Init. Page 1 of 1
5454 Rev. 10/23
|
 Enlarge image | Test 7: Required Vermont Forms/Schedules: WH-435 x 4 Taxpayer(s) Information: Entity Name: Sit and Stew Inc. Federal Employer ID: 40-0003658 Mailing Address: 21 Church St. City: Woodsville State: NH Zip Code: 03785 Country: USA Tax Year Begin Date: Jan-01-2024 Tax Year End Date: Dec-31-2024 Entity Type S-Corporation Return Information: 1st Quarter: $ 182.00 2nd Quarter: $ 205.00 3rd Quarter: $ 200.00 4th Quarter: $ 190.00 |
 Enlarge image |
Vermont Department of Taxes
)RUP :+ *234351100*
*234351100*
9HUPRQW (VWLPDWHG ,QFRPH 7D[ 3D\PHQWV
)RU 1RQUHVLGHQW 6KDUHKROGHUV 3DUWQHUV RU 0HPEHUV
'8( '$7(6 IRU FDOHQGDU \HDU ¿OHUV $SULO -XQH 6HSWHPEHU RI WKH FXUUHQW \HDU DQG -DQXDU\ RI WKH
IROORZLQJ FDOHQGDU \HDU DQG DW WKH ³FDWFK XS´ GDWH LI UHTXLUHG 6(( ,16758&7,216
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY
Business Name FEIN
SIT AND STEW INC 400003658
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
21 CHURCH ST 20240101 20241231
Address (Line 2)
City State ZIP Code Amount of this payment
(Use WHOLE DOLLARS).
WOODSVILLE NH 03785 ,I ´ µ '2 127 ILOH ______________________________182 .00
Foreign Country (if not United States)
Send voucher 9HUPRQW 'HSDUWPHQW RI 7D[HV 3KRQH
and check to: 133 State Street
0RQWSHOLHU 97 )RU 'HSDUWPHQW 8VH 2QO\ )RUP :+
Page 1 of 1
Ck. Amt. Init.
5454 Rev. 10/23
Instructions for Vermont Estimated Income Tax Payments for
Nonresident Shareholders, Partners, or Members
FORM WH-435
,I QR SD\PHQW LV GXH '2 127 ÀOH )RUP :+
NOTES INSTRUCTIONS
Pass-through entities are required to make estimated income tax payments on behalf of shareholders, • Print in blue or black ink.
partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the
WK GD\ RI WKH WK WK DQG WK PRQWKV RI WKH ¿VFDO \HDU DQG WKH VW PRQWK RI WKH IROORZLQJ \HDU • Enter the beginning and ending date of the entity’s tax
(April, June, September, and January for a calendar-year entity). year in the required format —YYYYMMDD.
The total required annual payment is calculated by applying the current rate of 6.6% to the Vermont-sourced • (QWHU WKH )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU
income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders, (FEIN).
partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite,
or Schedule BI-473, Vermont Composite. • This form should not be used for C-Corporations. If
Vermont Form CO-411, Corporate Income Tax Return,
A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return. ZLOO EH ¿OHG XVH )RUP &2 &RUSRUDWH (VWLPDWHG
)RU ³FDWFK XS´ SD\PHQWV EH VXUH WR LQGLFDWH WKH FRUUHFW ¿VFDO \HDU WR ZKLFK WKH SD\PHQW VKRXOG EH FUHGLWHG Tax Payment Voucher, to make your estimated
Catch-up payments made after the original due date for the entity return will be subject to late payment payments.
penalties and interest. Late payment penalties and interest are separate and apart from underpayment penalties
and interest and their accrual generally begins when the accrual period for underpayment penalties and interest • Enter the business name and address.
ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the
WD[SD\HU PXVW KDYH PDGH IRXU TXDUWHUO\ SD\PHQWV VX൶FLHQW WR FRYHU DW OHDVW WKH OHVVHU RI RI WKH FXUUHQW • Enter the total amount of payment included with this
\HDU¶V RU RI WKH SULRU \HDU¶V WD[ OLDELOLW\ coupon. Enter a whole dollar amount.
,I HLWKHU WKH FXUUHQW RU SULRU \HDU WRWDO HVWLPDWHG SD\PHQW DPRXQW LV RU OHVV WKHQ QR XQGHUSD\PHQW LQWHUHVW • 'R QRW ¿OH )RUP :+ LI QR SD\PHQW LV GXH
and penalty is assessed, but a single payment by the fourth due date must be made.
All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to
HQWLW\ FRPSRVLWH WD[ DV GLUHFWHG RQ )RUP %, %XVLQHVV ,QFRPH 7D[ 5HWXUQ WKDW LV ¿OHG DQQXDOO\
5HYLHZ 9 6 $ DQG 7HFKQLFDO %XOOHWLQ 7% Estimated Payments by S Corporations,
Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details. )RUP :+ ,QVWUXFWLRQV
Information is available at tax.vermont.gov Page 1 of 1
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
)RUP :+ *234351100*
*234351100*
9HUPRQW (VWLPDWHG ,QFRPH 7D[ 3D\PHQWV
)RU 1RQUHVLGHQW 6KDUHKROGHUV 3DUWQHUV RU 0HPEHUV
'8( '$7(6 IRU FDOHQGDU \HDU ¿OHUV $SULO -XQH 6HSWHPEHU RI WKH FXUUHQW \HDU DQG -DQXDU\ RI WKH
IROORZLQJ FDOHQGDU \HDU DQG DW WKH ³FDWFK XS´ GDWH LI UHTXLUHG 6(( ,16758&7,216
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY
Business Name FEIN
Sit and Stew 400003658
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
21 CHURCH ST 20220601 20230531
Address (Line 2)
City State ZIP Code Amount of this payment
(Use WHOLE DOLLARS).
WOODSVILLE NH 03785 ,I ´ µ '2 127 ILOH ______________________________205 .00
Foreign Country (if not United States)
Send voucher 9HUPRQW 'HSDUWPHQW RI 7D[HV 3KRQH
and check to: 133 State Street
0RQWSHOLHU 97 )RU 'HSDUWPHQW 8VH 2QO\ )RUP :+
Page 1 of 1
Ck. Amt. Init.
5454 Rev. 10/23
Instructions for Vermont Estimated Income Tax Payments for
Nonresident Shareholders, Partners, or Members
FORM WH-435
,I QR SD\PHQW LV GXH '2 127 ÀOH )RUP :+
NOTES INSTRUCTIONS
Pass-through entities are required to make estimated income tax payments on behalf of shareholders, • Print in blue or black ink.
partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the
WK GD\ RI WKH WK WK DQG WK PRQWKV RI WKH ¿VFDO \HDU DQG WKH VW PRQWK RI WKH IROORZLQJ \HDU • Enter the beginning and ending date of the entity’s tax
(April, June, September, and January for a calendar-year entity). year in the required format —YYYYMMDD.
The total required annual payment is calculated by applying the current rate of 6.6% to the Vermont-sourced • (QWHU WKH )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU
income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders, (FEIN).
partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite,
or Schedule BI-473, Vermont Composite. • This form should not be used for C-Corporations. If
Vermont Form CO-411, Corporate Income Tax Return,
A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return. ZLOO EH ¿OHG XVH )RUP &2 &RUSRUDWH (VWLPDWHG
)RU ³FDWFK XS´ SD\PHQWV EH VXUH WR LQGLFDWH WKH FRUUHFW ¿VFDO \HDU WR ZKLFK WKH SD\PHQW VKRXOG EH FUHGLWHG Tax Payment Voucher, to make your estimated
Catch-up payments made after the original due date for the entity return will be subject to late payment payments.
penalties and interest. Late payment penalties and interest are separate and apart from underpayment penalties
and interest and their accrual generally begins when the accrual period for underpayment penalties and interest • Enter the business name and address.
ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the
WD[SD\HU PXVW KDYH PDGH IRXU TXDUWHUO\ SD\PHQWV VX൶FLHQW WR FRYHU DW OHDVW WKH OHVVHU RI RI WKH FXUUHQW • Enter the total amount of payment included with this
\HDU¶V RU RI WKH SULRU \HDU¶V WD[ OLDELOLW\ coupon. Enter a whole dollar amount.
,I HLWKHU WKH FXUUHQW RU SULRU \HDU WRWDO HVWLPDWHG SD\PHQW DPRXQW LV RU OHVV WKHQ QR XQGHUSD\PHQW LQWHUHVW • 'R QRW ¿OH )RUP :+ LI QR SD\PHQW LV GXH
and penalty is assessed, but a single payment by the fourth due date must be made.
All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to
HQWLW\ FRPSRVLWH WD[ DV GLUHFWHG RQ )RUP %, %XVLQHVV ,QFRPH 7D[ 5HWXUQ WKDW LV ¿OHG DQQXDOO\
5HYLHZ 9 6 $ DQG 7HFKQLFDO %XOOHWLQ 7% Estimated Payments by S Corporations,
Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details. )RUP :+ ,QVWUXFWLRQV
Information is available at tax.vermont.gov Page 1 of 1
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
)RUP :+ *234351100*
*234351100*
9HUPRQW (VWLPDWHG ,QFRPH 7D[ 3D\PHQWV
)RU 1RQUHVLGHQW 6KDUHKROGHUV 3DUWQHUV RU 0HPEHUV
'8( '$7(6 IRU FDOHQGDU \HDU ¿OHUV $SULO -XQH 6HSWHPEHU RI WKH FXUUHQW \HDU DQG -DQXDU\ RI WKH
IROORZLQJ FDOHQGDU \HDU DQG DW WKH ³FDWFK XS´ GDWH LI UHTXLUHG 6(( ,16758&7,216
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY
Business Name FEIN
Sit and Stew 400003658
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
21 CHURCH ST 20220601 20230531
Address (Line 2)
City State ZIP Code Amount of this payment
(Use WHOLE DOLLARS).
WOODSVILLE NH 03785 ,I ´ µ '2 127 ILOH ______________________________200 .00
Foreign Country (if not United States)
Send voucher 9HUPRQW 'HSDUWPHQW RI 7D[HV 3KRQH
and check to: 133 State Street
0RQWSHOLHU 97 )RU 'HSDUWPHQW 8VH 2QO\ )RUP :+
Page 1 of 1
Ck. Amt. Init.
5454 Rev. 10/23
Instructions for Vermont Estimated Income Tax Payments for
Nonresident Shareholders, Partners, or Members
FORM WH-435
,I QR SD\PHQW LV GXH '2 127 ÀOH )RUP :+
NOTES INSTRUCTIONS
Pass-through entities are required to make estimated income tax payments on behalf of shareholders, • Print in blue or black ink.
partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the
WK GD\ RI WKH WK WK DQG WK PRQWKV RI WKH ¿VFDO \HDU DQG WKH VW PRQWK RI WKH IROORZLQJ \HDU • Enter the beginning and ending date of the entity’s tax
(April, June, September, and January for a calendar-year entity). year in the required format —YYYYMMDD.
The total required annual payment is calculated by applying the current rate of 6.6% to the Vermont-sourced • (QWHU WKH )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU
income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders, (FEIN).
partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite,
or Schedule BI-473, Vermont Composite. • This form should not be used for C-Corporations. If
Vermont Form CO-411, Corporate Income Tax Return,
A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return. ZLOO EH ¿OHG XVH )RUP &2 &RUSRUDWH (VWLPDWHG
)RU ³FDWFK XS´ SD\PHQWV EH VXUH WR LQGLFDWH WKH FRUUHFW ¿VFDO \HDU WR ZKLFK WKH SD\PHQW VKRXOG EH FUHGLWHG Tax Payment Voucher, to make your estimated
Catch-up payments made after the original due date for the entity return will be subject to late payment payments.
penalties and interest. Late payment penalties and interest are separate and apart from underpayment penalties
and interest and their accrual generally begins when the accrual period for underpayment penalties and interest • Enter the business name and address.
ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the
WD[SD\HU PXVW KDYH PDGH IRXU TXDUWHUO\ SD\PHQWV VX൶FLHQW WR FRYHU DW OHDVW WKH OHVVHU RI RI WKH FXUUHQW • Enter the total amount of payment included with this
\HDU¶V RU RI WKH SULRU \HDU¶V WD[ OLDELOLW\ coupon. Enter a whole dollar amount.
,I HLWKHU WKH FXUUHQW RU SULRU \HDU WRWDO HVWLPDWHG SD\PHQW DPRXQW LV RU OHVV WKHQ QR XQGHUSD\PHQW LQWHUHVW • 'R QRW ¿OH )RUP :+ LI QR SD\PHQW LV GXH
and penalty is assessed, but a single payment by the fourth due date must be made.
All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to
HQWLW\ FRPSRVLWH WD[ DV GLUHFWHG RQ )RUP %, %XVLQHVV ,QFRPH 7D[ 5HWXUQ WKDW LV ¿OHG DQQXDOO\
5HYLHZ 9 6 $ DQG 7HFKQLFDO %XOOHWLQ 7% Estimated Payments by S Corporations,
Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details. )RUP :+ ,QVWUXFWLRQV
Information is available at tax.vermont.gov Page 1 of 1
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
)RUP :+ *234351100*
*234351100*
9HUPRQW (VWLPDWHG ,QFRPH 7D[ 3D\PHQWV
)RU 1RQUHVLGHQW 6KDUHKROGHUV 3DUWQHUV RU 0HPEHUV
'8( '$7(6 IRU FDOHQGDU \HDU ¿OHUV $SULO -XQH 6HSWHPEHU RI WKH FXUUHQW \HDU DQG -DQXDU\ RI WKH
IROORZLQJ FDOHQGDU \HDU DQG DW WKH ³FDWFK XS´ GDWH LI UHTXLUHG 6(( ,16758&7,216
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY
Business Name FEIN
Sit and Stew 400003658
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
21 CHURCH ST 20220601 20230531
Address (Line 2)
City State ZIP Code Amount of this payment
(Use WHOLE DOLLARS).
WOODSVILLE NH 03785 ,I ´ µ '2 127 ILOH ______________________________190 .00
Foreign Country (if not United States)
Send voucher 9HUPRQW 'HSDUWPHQW RI 7D[HV 3KRQH
and check to: 133 State Street
0RQWSHOLHU 97 )RU 'HSDUWPHQW 8VH 2QO\ )RUP :+
Page 1 of 1
Ck. Amt. Init.
5454 Rev. 10/23
Instructions for Vermont Estimated Income Tax Payments for
Nonresident Shareholders, Partners, or Members
FORM WH-435
,I QR SD\PHQW LV GXH '2 127 ÀOH )RUP :+
NOTES INSTRUCTIONS
Pass-through entities are required to make estimated income tax payments on behalf of shareholders, • Print in blue or black ink.
partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the
WK GD\ RI WKH WK WK DQG WK PRQWKV RI WKH ¿VFDO \HDU DQG WKH VW PRQWK RI WKH IROORZLQJ \HDU • Enter the beginning and ending date of the entity’s tax
(April, June, September, and January for a calendar-year entity). year in the required format —YYYYMMDD.
The total required annual payment is calculated by applying the current rate of 6.6% to the Vermont-sourced • (QWHU WKH )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU
income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders, (FEIN).
partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite,
or Schedule BI-473, Vermont Composite. • This form should not be used for C-Corporations. If
Vermont Form CO-411, Corporate Income Tax Return,
A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return. ZLOO EH ¿OHG XVH )RUP &2 &RUSRUDWH (VWLPDWHG
)RU ³FDWFK XS´ SD\PHQWV EH VXUH WR LQGLFDWH WKH FRUUHFW ¿VFDO \HDU WR ZKLFK WKH SD\PHQW VKRXOG EH FUHGLWHG Tax Payment Voucher, to make your estimated
Catch-up payments made after the original due date for the entity return will be subject to late payment payments.
penalties and interest. Late payment penalties and interest are separate and apart from underpayment penalties
and interest and their accrual generally begins when the accrual period for underpayment penalties and interest • Enter the business name and address.
ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the
WD[SD\HU PXVW KDYH PDGH IRXU TXDUWHUO\ SD\PHQWV VX൶FLHQW WR FRYHU DW OHDVW WKH OHVVHU RI RI WKH FXUUHQW • Enter the total amount of payment included with this
\HDU¶V RU RI WKH SULRU \HDU¶V WD[ OLDELOLW\ coupon. Enter a whole dollar amount.
,I HLWKHU WKH FXUUHQW RU SULRU \HDU WRWDO HVWLPDWHG SD\PHQW DPRXQW LV RU OHVV WKHQ QR XQGHUSD\PHQW LQWHUHVW • 'R QRW ¿OH )RUP :+ LI QR SD\PHQW LV GXH
and penalty is assessed, but a single payment by the fourth due date must be made.
All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to
HQWLW\ FRPSRVLWH WD[ DV GLUHFWHG RQ )RUP %, %XVLQHVV ,QFRPH 7D[ 5HWXUQ WKDW LV ¿OHG DQQXDOO\
5HYLHZ 9 6 $ DQG 7HFKQLFDO %XOOHWLQ 7% Estimated Payments by S Corporations,
Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details. )RUP :+ ,QVWUXFWLRQV
Information is available at tax.vermont.gov Page 1 of 1
Rev. 10/23
|
 Enlarge image | Test 8: Required Vermont Forms/Schedules: CO-414 x4 Taxpayer(s) Information: Entity Name: Winter Inc. Federal Employer ID: 40-0008071 Mailing Address: 123 South Main St. City: Burlington State: VT Zip Code: 05401 Country: USA Tax Year Begin Date: Jan-01-2024 Tax Year End Date: Dec-31-2024 Entity Type Corportation Return Information: 1st Quarter: $ 10,000.00 2nd Quarter: $ 8,050.00 3rd Quarter: $ 12,500.00 4th Quarter: $ 15,075.00 |
 Enlarge image |
Vermont Department of Taxes
Form CO-414 *234141100*
Vermont Corporate Estimated *234141100*
Tax Payment Voucher
For a combined return for a unitary group, enter information for Principal Vermont Corporation.
The due date for this voucher and estimated tax payment is the 15th day of the 4th, 6th, 9th, or 12th month for calendar
\HDU DQG ¿VFDO \HDU ¿OHUV ,I WKH WK GD\ RI D PRQWK IDOOV RQ D ZHHNHQG RU KROLGD\ WKH GXH GDWH LV WKH QH[W EXVLQHVV GD\
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY.
Entity Name (Principal Vermont Corporation) FEIN
WINTER INC 400008071
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
123 SOUTH MAIN ST 20230101 20231231
Address (Line 2)
Check box for Change of Year End
City State ZIP Code
BURLINGTON VT 05401 Amount of payment being
Foreign Country remitted with this voucher ..... _______________________________10000 .00
6HQG UHWXUQ Vermont Department of Taxes Phone: (802) 828-5723
DQG FKHFN WR 133 State Street
Montpelier, VT 05633-1401 For Department Use Only Form CO-414
Ck. Amt. Init. Page 1 of 1
5454 Rev. 10/23
INSTRUCTIONS FOR FILING VERMONT CORPORATE ESTIMATED TAX PAYMENTS
,I \RX DUH ¿OLQJ
• )RUP &2 9HUPRQW &RUSRUDWH ,QFRPH 7D[ 5HWXUQ—Use this form, CO-414, to make estimated payments.
• )RUP %, 9HUPRQW %XVLQHVV ,QFRPH 7D[ 5HWXUQ—Use Form WH-435, Estimated Income Tax Payments for Nonresident
Shareholders, Partners, or Members, to make estimated payments for nonresident shareholders.
A corporation with an expected annual Vermont income tax liability greater than $500 must file Form CO-414 and pay its estimated
tax liability in four equal installments. Interest for underpayment will be assessed if the tax liability is underestimated or payments are
late (32 V.S.A. § 5859). The tax liability is not considered to be underestimated or late if:
• the estimated payments are at least the amount which would be due by applying the current year’s rates to the previous year’s
income, 25
• the estimated payments are at least 90% of the current year’s actual tax liability, 25
• actual tax liability for this year or the prior year is less than $500.
Form CO-414 vouchers and estimated tax payments are due on or before the 15th day of the 4th, 6th, 9th, or 12th month following the
start of the fiscal year (April, June, September, and December for calendar-year filers). If the 15th day falls on a weekend or holiday,
payment is due on the next business day. Exceptions are covered in 32 V.S.A. §§ 5857 and 5858.
For Unitary or Consolidated groups, payments must be applied to the account of the Principal Vermont Corporation (PVC) or Vermont
Parent Corporation, respectively. Provide name, address, and Federal Employee Identification Number of the PVC or Parent on
Form CO-414.
For assistance, please call the Taxpayer Services Division of the Vermont Department of Taxes M, T, Th, F, between 7:45 a.m. and 4:30 p.m.
at (802) 828-5723.
Form CO-414 Instructions
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
Form CO-414 *234141100*
Vermont Corporate Estimated *234141100*
Tax Payment Voucher
For a combined return for a unitary group, enter information for Principal Vermont Corporation.
The due date for this voucher and estimated tax payment is the 15th day of the 4th, 6th, 9th, or 12th month for calendar
\HDU DQG ¿VFDO \HDU ¿OHUV ,I WKH WK GD\ RI D PRQWK IDOOV RQ D ZHHNHQG RU KROLGD\ WKH GXH GDWH LV WKH QH[W EXVLQHVV GD\
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY.
Entity Name (Principal Vermont Corporation) FEIN
WINTER INC 400008071
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
123 SOUTH MAIN ST 20230101 20231231
Address (Line 2)
Check box for Change of Year End
City State ZIP Code
BURLINGTON VT 05401 Amount of payment being
Foreign Country remitted with this voucher ..... _______________________________8050 .00
6HQG UHWXUQ Vermont Department of Taxes Phone: (802) 828-5723
DQG FKHFN WR 133 State Street
Montpelier, VT 05633-1401 For Department Use Only Form CO-414
Ck. Amt. Init. Page 1 of 1
5454 Rev. 10/23
INSTRUCTIONS FOR FILING VERMONT CORPORATE ESTIMATED TAX PAYMENTS
,I \RX DUH ¿OLQJ
• )RUP &2 9HUPRQW &RUSRUDWH ,QFRPH 7D[ 5HWXUQ—Use this form, CO-414, to make estimated payments.
• )RUP %, 9HUPRQW %XVLQHVV ,QFRPH 7D[ 5HWXUQ—Use Form WH-435, Estimated Income Tax Payments for Nonresident
Shareholders, Partners, or Members, to make estimated payments for nonresident shareholders.
A corporation with an expected annual Vermont income tax liability greater than $500 must file Form CO-414 and pay its estimated
tax liability in four equal installments. Interest for underpayment will be assessed if the tax liability is underestimated or payments are
late (32 V.S.A. § 5859). The tax liability is not considered to be underestimated or late if:
• the estimated payments are at least the amount which would be due by applying the current year’s rates to the previous year’s
income, 25
• the estimated payments are at least 90% of the current year’s actual tax liability, 25
• actual tax liability for this year or the prior year is less than $500.
Form CO-414 vouchers and estimated tax payments are due on or before the 15th day of the 4th, 6th, 9th, or 12th month following the
start of the fiscal year (April, June, September, and December for calendar-year filers). If the 15th day falls on a weekend or holiday,
payment is due on the next business day. Exceptions are covered in 32 V.S.A. §§ 5857 and 5858.
For Unitary or Consolidated groups, payments must be applied to the account of the Principal Vermont Corporation (PVC) or Vermont
Parent Corporation, respectively. Provide name, address, and Federal Employee Identification Number of the PVC or Parent on
Form CO-414.
For assistance, please call the Taxpayer Services Division of the Vermont Department of Taxes M, T, Th, F, between 7:45 a.m. and 4:30 p.m.
at (802) 828-5723.
Form CO-414 Instructions
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
Form CO-414 *234141100*
Vermont Corporate Estimated *234141100*
Tax Payment Voucher
For a combined return for a unitary group, enter information for Principal Vermont Corporation.
The due date for this voucher and estimated tax payment is the 15th day of the 4th, 6th, 9th, or 12th month for calendar
\HDU DQG ¿VFDO \HDU ¿OHUV ,I WKH WK GD\ RI D PRQWK IDOOV RQ D ZHHNHQG RU KROLGD\ WKH GXH GDWH LV WKH QH[W EXVLQHVV GD\
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY.
Entity Name (Principal Vermont Corporation) FEIN
WINTER INC 400008071
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
123 SOUTH MAIN ST 20230101 20231231
Address (Line 2)
Check box for Change of Year End
City State ZIP Code
BURLINGTON VT 05401 Amount of payment being
Foreign Country remitted with this voucher ..... _______________________________12500 .00
6HQG UHWXUQ Vermont Department of Taxes Phone: (802) 828-5723
DQG FKHFN WR 133 State Street
Montpelier, VT 05633-1401 For Department Use Only Form CO-414
Ck. Amt. Init. Page 1 of 1
5454 Rev. 10/23
INSTRUCTIONS FOR FILING VERMONT CORPORATE ESTIMATED TAX PAYMENTS
,I \RX DUH ¿OLQJ
• )RUP &2 9HUPRQW &RUSRUDWH ,QFRPH 7D[ 5HWXUQ—Use this form, CO-414, to make estimated payments.
• )RUP %, 9HUPRQW %XVLQHVV ,QFRPH 7D[ 5HWXUQ—Use Form WH-435, Estimated Income Tax Payments for Nonresident
Shareholders, Partners, or Members, to make estimated payments for nonresident shareholders.
A corporation with an expected annual Vermont income tax liability greater than $500 must file Form CO-414 and pay its estimated
tax liability in four equal installments. Interest for underpayment will be assessed if the tax liability is underestimated or payments are
late (32 V.S.A. § 5859). The tax liability is not considered to be underestimated or late if:
• the estimated payments are at least the amount which would be due by applying the current year’s rates to the previous year’s
income, 25
• the estimated payments are at least 90% of the current year’s actual tax liability, 25
• actual tax liability for this year or the prior year is less than $500.
Form CO-414 vouchers and estimated tax payments are due on or before the 15th day of the 4th, 6th, 9th, or 12th month following the
start of the fiscal year (April, June, September, and December for calendar-year filers). If the 15th day falls on a weekend or holiday,
payment is due on the next business day. Exceptions are covered in 32 V.S.A. §§ 5857 and 5858.
For Unitary or Consolidated groups, payments must be applied to the account of the Principal Vermont Corporation (PVC) or Vermont
Parent Corporation, respectively. Provide name, address, and Federal Employee Identification Number of the PVC or Parent on
Form CO-414.
For assistance, please call the Taxpayer Services Division of the Vermont Department of Taxes M, T, Th, F, between 7:45 a.m. and 4:30 p.m.
at (802) 828-5723.
Form CO-414 Instructions
Rev. 10/23
|
 Enlarge image |
Vermont Department of Taxes
Form CO-414 *234141100*
Vermont Corporate Estimated *234141100*
Tax Payment Voucher
For a combined return for a unitary group, enter information for Principal Vermont Corporation.
The due date for this voucher and estimated tax payment is the 15th day of the 4th, 6th, 9th, or 12th month for calendar
\HDU DQG ¿VFDO \HDU ¿OHUV ,I WKH WK GD\ RI D PRQWK IDOOV RQ D ZHHNHQG RU KROLGD\ WKH GXH GDWH LV WKH QH[W EXVLQHVV GD\
DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY.
Entity Name (Principal Vermont Corporation) FEIN
WINTER INC 400008071
Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD)
123 SOUTH MAIN ST 20230101 20231231
Address (Line 2)
Check box for Change of Year End
City State ZIP Code
BURLINGTON VT 05401 Amount of payment being
Foreign Country remitted with this voucher ..... _______________________________15075 .00
6HQG UHWXUQ Vermont Department of Taxes Phone: (802) 828-5723
DQG FKHFN WR 133 State Street
Montpelier, VT 05633-1401 For Department Use Only Form CO-414
Ck. Amt. Init. Page 1 of 1
5454 Rev. 10/23
INSTRUCTIONS FOR FILING VERMONT CORPORATE ESTIMATED TAX PAYMENTS
,I \RX DUH ¿OLQJ
• )RUP &2 9HUPRQW &RUSRUDWH ,QFRPH 7D[ 5HWXUQ—Use this form, CO-414, to make estimated payments.
• )RUP %, 9HUPRQW %XVLQHVV ,QFRPH 7D[ 5HWXUQ—Use Form WH-435, Estimated Income Tax Payments for Nonresident
Shareholders, Partners, or Members, to make estimated payments for nonresident shareholders.
A corporation with an expected annual Vermont income tax liability greater than $500 must file Form CO-414 and pay its estimated
tax liability in four equal installments. Interest for underpayment will be assessed if the tax liability is underestimated or payments are
late (32 V.S.A. § 5859). The tax liability is not considered to be underestimated or late if:
• the estimated payments are at least the amount which would be due by applying the current year’s rates to the previous year’s
income, 25
• the estimated payments are at least 90% of the current year’s actual tax liability, 25
• actual tax liability for this year or the prior year is less than $500.
Form CO-414 vouchers and estimated tax payments are due on or before the 15th day of the 4th, 6th, 9th, or 12th month following the
start of the fiscal year (April, June, September, and December for calendar-year filers). If the 15th day falls on a weekend or holiday,
payment is due on the next business day. Exceptions are covered in 32 V.S.A. §§ 5857 and 5858.
For Unitary or Consolidated groups, payments must be applied to the account of the Principal Vermont Corporation (PVC) or Vermont
Parent Corporation, respectively. Provide name, address, and Federal Employee Identification Number of the PVC or Parent on
Form CO-414.
For assistance, please call the Taxpayer Services Division of the Vermont Department of Taxes M, T, Th, F, between 7:45 a.m. and 4:30 p.m.
at (802) 828-5723.
Form CO-414 Instructions
Rev. 10/23
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