BA-403: Application for Extension of Time to File Vermont Corporate/Business Income Tax Returns (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Form BA-403 is an application for an extension of time to file Vermont corporate or business income tax returns. It reports estimated tax liability, previous payments, and the amount of tax due with the application. An extension to file does not extend the time to pay the tax.
Who files this form
Form BA-403 is used to request more time to file a Vermont Corporate Income Tax Return (Form CO-411) or Vermont Business Income Tax Return (Form BI-471 or BI-476).
A federal filing extension automatically extends the Vermont filing deadline until 30 days beyond the federal extension date. It does not extend the time to pay Vermont tax.
For a Vermont Consolidated or Unitary Group return, the Vermont Parent or Principal Vermont Corporation (PVC), respectively, must submit the extension, payments and return using its own name and FEIN. The Parent or PVC must have nexus in Vermont.
What you'll need
Have the following information ready to complete the form:
- Entity name, FEIN and mailing address.
- Tax year beginning and ending dates, in YYYYMMDD format.
- The type of federal return to be filed: 1120S, 1065/1065-B, or 990 or 1120 series other than 1120S.
- Whether a composite, consolidated or group return will be filed.
- Estimated tax liability and previous payments.
How to file
- Enter the entity information, tax year dates and applicable return selections.
- Enter estimated tax liability on Line 1 and previous payments on Line 2. Use whole dollars.
- Subtract Line 2 from Line 1 to calculate the tax due on Line 3. Do not enter a negative value.
- Make any check payable to Vermont Department of Taxes.
- File the application on or before the due date of Form CO-411, BI-471 or BI-476, as applicable.
Mail to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
Common mistakes
- Treating an extension as extra time to pay. Tax is still due by the original due date. Unpaid tax bears interest at the statutory rate and a penalty of 1% or 5% per month, up to a maximum of 25%.
- Filing late without an authorized extension. Returns filed after the due date without an authorized extension are subject to a late filing fee.
- Entering cents or a negative amount on Line 3. The form requires whole dollars and says not to enter a negative value for tax due.
- Using the wrong entity for a group filing. The Vermont Parent or PVC, as applicable, must submit the extension, payments and return under its name and FEIN and must have nexus in Vermont.
Questions people ask
Does a federal extension also extend my Vermont filing deadline?
Yes. An extension to file a federal return automatically extends the Vermont filing deadline until 30 days beyond the federal extension date.
Does the extension give me more time to pay?
No. Any Vermont tax due must be paid by the original due date. Unpaid tax is subject to interest and penalties.
How do I calculate the payment due with this application?
Subtract previous payments on Line 2 from estimated tax liability on Line 1. Enter the result on Line 3 in whole dollars. Do not enter a negative value.
Who submits an extension for a consolidated or unitary group?
The Vermont Parent or Principal Vermont Corporation (PVC), respectively, must submit the extension, payments and return using its name and FEIN. The Parent or PVC must have nexus in Vermont.