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Vermont Unitary Affiliate Schedule
Extracted from PDF file 2022-vermont-schedule-co-421.pdf, last modified August 2022Unitary Affiliate Schedule
Vermont Department of Taxes *224211100* Schedule CO-421 Vermont Unitary Affiliate Schedule * 2 2 4 2 1 1 1 0 0 * To be prepared only for those affiliates with Vermont Nexus. PRINT in BLUE or BLACK INK Attach to Form CO-411 Entity Name (same as on Form CO-411) Fiscal Year Ending (YYYYMMDD) FEIN FOR UNITARY GROUPS ONLY - Name of Affiliate Affiliate’s FEIN Affiliate’s Primary 6-digit NAICS Number Check here if this CO-421 is being prepared for federal consolidated group (see instructions) TAX COMPUTATION (see instructions): Enter all amounts in whole dollars. 1. Apportionment percentage (Schedule BA-402 for this affiliate, Line 22). Calculate percentage to six places to the right of the decimal point. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ___________ . ______________% 2. Group Apportionable Income (Form CO-411, Line 5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check to ç indicate loss 2. _________________________ .00 3. Income Apportioned to Vermont (Multiply Line 1 by Line 2). . . . . . . . . . . . . . . . . . . . . . . . Check to ç indicate loss 3. _________________________ .00 4. Income Allocated to Vermont (Schedule BA-402, Line 1b) . . . . . . . . . . . . . . . . . . . . . . . . . Check to ç indicate loss 4. _________________________ .00 5. Foreign Dividends Allocated to Vermont (Schedule BA-402, Line 1d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. _________________________ .00 Check to ç indicate loss 6. _________________________ .00 7. Vermont Net Operating Loss deduction applied (Attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. _________________________ .00 6. Net Vermont Income Allocated to Vermont (Add Lines 3, 4, and 5) . . . . . . . . . . . . . . . . . . Check to ç indicate loss 8. _________________________ .00 9. Vermont Tax. Apply Vermont Tax Rates (below) to amount on Line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. _________________________ .00 8. Vermont Net Taxable Income for this affiliate (Subtract Line 7 from Line 6) . . . . . . . . . . . Check to ç indicate 10. loss _________________________ .00 11. Tax Due (Line 9 minus Line 10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. _________________________ .00 12. Use Tax for taxable items on which no sales tax was charged, including online purchases . . . . . . . . . . . . 12. _________________________ .00 13. Total Tax Due for this affiliate (Add Lines 11 and 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. _________________________ .00 10. Credits (Schedule BA-404, Column C, Line 11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. Gross Receipts (for purpose of minimum tax calculation. See instructions). . . . . . . . . . . . . . . . . . . . . . . . 14. ____________________________ .00 TAX COMPUTATION SCHEDULE (Effective for taxable periods beginning Jan. 1, 2012) IF VERMONT NET INCOME IS TAX IS $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. IF VERMONT GROSS RECEIPTS ARE MINIMUM TAX IS $2,000,000 or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300 $2,000,001 - $5,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500 $5,000,001 and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $750 Schedule CO-421 5454 Page 1 of 1 Rev. 10/22
Schedule CO-421
More about the Vermont Schedule CO-421 Corporate Income Tax
We last updated the Unitary Affiliate Schedule in February 2024, and the latest form we have available is for tax year 2022. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Vermont Department of Taxes. You can print other Vermont tax forms here.
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TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Vermont Schedule CO-421.
| Form Code | Form Name |
|---|---|
| Schedule CO-419 | Apportionment Of Foreign Dividends (for Unitary-Combined only) |
| Schedule CO-420 | Apportionment Of Foreign Dividends (for Unitary-Combined only) |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Schedule CO-421 from the Department of Taxes in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Vermont Schedule CO-421
We have a total of eleven past-year versions of Schedule CO-421 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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