CO-411: Corporate Income Tax Return (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Form CO-411 is the 2024 Vermont Corporate Income Tax Return. It reports federal taxable income, Vermont adjustments and allocated or apportioned income, credits, taxes, and payments to calculate a balance due or overpayment.
What you'll need
Have your corporation’s name, FEIN, primary six-digit NAICS number, address, and tax-year beginning and ending dates ready.
Gather the following, as applicable:
- Your federal return information. Lines 1 and 1a refer to federal Form 1120, lines 28 and 29b, as filed.
- Schedule BA-402 for apportionment and allocated income.
- A schedule supporting the Vermont net operating loss deduction. The form requires you to attach it when claiming this deduction.
- Schedule BA-404 for credits.
- Payment information from Form CO-414, Form BA-403, Schedule K-1VT, and Form RW-171, plus any prior-year overpayment applied.
How to file
Complete the return and have the responsible officer sign and date it. The form also includes a paid preparer signature section.
Mail the return and check to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
Make your check payable to Vermont Department of Taxes.
Common mistakes
- Using cents: Enter all amounts in whole dollars.
- Using too few decimal places: Enter the Vermont percentage on line 6 with six places to the right of the decimal point.
- Treating a filing extension as a payment extension: The form says to pay by the due date required under the Internal Revenue Code, even if the return is extended.
- Leaving out the loss deduction schedule: Attach a schedule for the Vermont net operating loss deduction on line 11.
- Overlooking the estimated-payment reminder: Corporations with liabilities over $500 are directed to the instructions for estimated payments on Form CO-414.
Questions people ask
Does an extension give me more time to pay?
No. The 2024 form says payment is due by the due date required under the Internal Revenue Code, even if the return is extended.
Where do I report use tax?
Use line 15 for use tax on taxable items on which no sales tax was charged, including online purchases.
Can I apply an overpayment to the next tax year?
Yes. Enter the amount to apply to the next tax year on line 22. Line 23 is the amount to be refunded, calculated as line 21 minus line 22.
Can the Department of Taxes discuss my return with my preparer?
The form has a checkbox allowing the Vermont Department of Taxes to discuss the return with the preparer shown.