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Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members
Extracted from PDF file 2023-vermont-form-wh-435.pdf, last modified September 2023Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members
Clear ALL fields Vermont Department of Taxes *234351100* Form WH-435 * 2 3 4 3 5 1 1 0 0 * Vermont Estimated Income Tax Payments For Nonresident Shareholders, Partners, or Members DUE DATES (for calendar year filers): April 15, June 15, September 15 of the current year, and January 15 of the following calendar year, and at the “catch-up” date, if required. SEE INSTRUCTIONS. DO NOT SUBMIT PAPER FORM IF FILING ELECTRONICALLY Business Name FEIN Address Tax year BEGIN date (YYYYMMDD) Tax year END date (YYYYMMDD) Address (Line 2) City State ZIP Code Foreign Country (if not United States) Send voucher and check to: 5454 Vermont Department of Taxes 133 State Street Montpelier, VT 05633-1401 Amount of this payment (Use WHOLE DOLLARS). If “$0,” DO NOT file.. . . . . . . . . . . _______________________________ .00 Phone: (802) 828-5723 For Department Use Only Ck. Amt. Form WH-435 Init. Page 1 of 1 Rev. 10/23 Instructions for Vermont Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members FORM WH-435 Save As If no payment is due, DO NOT file Form WH-435. NOTES INSTRUCTIONS Pass-through entities are required to make estimated income tax payments on behalf of shareholders, partners, or members who are Vermont nonresidents. Estimated payments are due quarterly on the 15th day of the 4th, 6th, and 9th months of the fiscal year, and the 1st month of the following year (April, June, September, and January for a calendar-year entity). • Print in blue or black ink. • Enter the beginning and ending date of the entity’s tax 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 income (including guaranteed partnership payments) distributed or allocable to nonresident shareholders, partners, or members. The income amount will be calculated on Schedule BI-472, Vermont Non-Composite, or Schedule BI-473, Vermont Composite. • Enter the Federal Employer Identification Number (FEIN). A “safe harbor catch-up” payment may be made at the original (not extended) due date for the entity return. For “catch-up” payments, be sure to indicate the correct fiscal year to which the payment should be credited. Catch-up payments made after the original due date for the entity return will be subject to late payment 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 ends. In order for the catch-up payment to be valid and to eliminate underpayment interest and penalty, the taxpayer must have made four quarterly payments sufficient to cover at least the lesser of 90% of the current year’s or 100% of the prior year’s tax liability. If either the current or prior year total estimated payment amount is $500 or less, then no underpayment interest and penalty is assessed, but a single payment by the fourth due date must be made. • This form should not be used for C-Corporations. If Vermont Form CO-411, Corporate Income Tax Return, will be filed, use Form CO-414, Corporate Estimated Tax Payment Voucher, to make your estimated payments. • Enter the business name and address. • Enter the total amount of payment included with this coupon. Enter a whole dollar amount. • Do not file Form WH-435 if no payment is due. All estimated payments will be distributed to nonresident shareholders, partners, and members, or applied to entity composite tax, as directed on Form BI-471, Business Income Tax Return, that is filed annually. Review 32 V.S.A. §§ 5914 & 5920, and Technical Bulletin TB-06, Estimated Payments by S Corporations, Partnerships, and Limited Liability Companies on Behalf of Shareholders, Partners, and Members, for details. Information is available at tax.vermont.gov Form WH-435 Instructions Page 1 of 1 Rev. 10/23
Form WH-435
More about the Vermont Form WH-435 Corporate Income Tax Nonresident TY 2023
We last updated the Estimated Income Tax Payments for Nonresident Shareholders, Partners, or Members in January 2024, so this is the latest version of Form WH-435, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form WH-435 directly from TaxFormFinder. You can print other Vermont tax forms here.
Other Vermont Corporate Income Tax Forms:
TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form WHT-434 | Annual Withholding Reconciliation |
| Form BI-471 | Business Income Tax Return |
| Schedule K-1VT | Shareholder, Partner, Or Member Information |
| Form CO-411 | Corporate Income Tax Return |
| Form BA-403 | Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns |
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 Form WH-435 from the Department of Taxes in January 2024.
Form WH-435 is a Vermont Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
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 Form WH-435
We have a total of twelve past-year versions of Form WH-435 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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