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Get the free Form BI-471. Business Income Tax Return

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Vermont Department of Taxes Phone: (802) 8285723VT FormBI471133 State Street Montpelier, VT 056331401×144711100×BUSINESS INCOME TAX RETURN* 1 4 4 7 1 1 1 0 0 *For Partnerships, Subchapter S Corporations,
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How to fill out form bi-471 business income

01
Obtain form BI-471 business income from the appropriate source.
02
Fill in the required personal information such as name, address, and tax identification number.
03
Provide details of the business income earned during the tax year, including sources of income, gross receipts, and expenses.
04
Calculate the net business income by subtracting the total expenses from the gross receipts.
05
Review the filled-out form for accuracy and completeness before submitting it to the relevant tax authorities.

Who needs form bi-471 business income?

01
Individuals who are self-employed or own a business and have earned business income during the tax year.
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Form BI-471 business income is a tax form used by businesses to report their income and expenses for the year.
Businesses, including sole proprietors, partnerships, and corporations, are required to file form BI-471 business income.
Form BI-471 business income should be filled out by reporting all income and expenses accurately for the year.
The purpose of form BI-471 business income is to calculate the taxable income of a business and determine the amount of tax owed.
Information such as total income, expenses, deductions, and credits must be reported on form BI-471 business income.
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