CO-414: Corporate Estimated Tax Payment Voucher (2024)
Vermont · Vermont Department of Taxes · Used for tax years 2024
Form CO-414 is Vermont’s Corporate Estimated Tax Payment Voucher for corporations filing Form CO-411, Vermont Corporate Income Tax Return. It identifies the corporation, its tax year, and the amount of estimated tax payment being submitted.
Who files this form
A corporation with an expected annual Vermont income tax liability greater than $500 must file Form CO-414 and pay its estimated tax in four equal installments.
- If you file Form CO-411, Vermont Corporate Income Tax Return, use CO-414 to make estimated payments.
- If you file Form BI-471, Vermont Business Income Tax Return, use Form WH-435 instead to make estimated payments for nonresident shareholders.
When it's due
For tax year 2024, Form CO-414 vouchers and estimated payments are due on or before the 15th day of the 4th, 6th, 9th, and 12th months following the start of the fiscal year.
For calendar-year 2024 filers, those dates are April 15, June 15, September 15, and December 15. If the 15th falls on a weekend or holiday, payment is due on the next business day.
What you'll need
Have the information requested on the voucher ready:
- Entity name, FEIN, and address.
- Tax year beginning and ending dates, in YYYYMMDD format.
- Whether there is a change of year end.
- The amount of the payment being sent with the voucher.
For a unitary group, provide the Principal Vermont Corporation’s information. For a consolidated group, provide the Vermont Parent Corporation’s information.
How to file
Complete Form CO-414 with the entity information, tax year dates, and payment amount.
Mail the completed voucher and check to:
Vermont Department of Taxes
133 State Street
Montpelier, VT 05633-1401
If filing electronically, do not submit the paper form. The form does not give electronic filing steps.
For unitary groups, payments must be applied to the Principal Vermont Corporation’s account. For consolidated groups, payments must be applied to the Vermont Parent Corporation’s account.
Common mistakes
- Sending a paper form after filing electronically. The form specifically says not to submit a paper form if filing electronically.
- Using the wrong corporation’s information for a group payment. Use the Principal Vermont Corporation for a unitary group or the Vermont Parent Corporation for a consolidated group, and apply payments to that corporation’s account.
- Underestimating tax or paying late. The form warns that interest for underpayment will be assessed if tax is underestimated or payments are late, subject to the exceptions listed on the form.
Questions people ask
How many estimated payments must a corporation make?
A corporation with expected annual Vermont income tax liability greater than $500 must pay its estimated liability in four equal installments.
When are estimated payments not considered underestimated or late?
The form lists three alternatives: estimated payments are at least the amount due by applying current-year rates to prior-year income; estimated payments are at least 90% of the current year’s actual tax liability; or actual tax liability for this year or the prior year is less than $500.
Which corporation’s information goes on a unitary group’s voucher?
Enter the Principal Vermont Corporation’s name, address, and FEIN. Payments must be applied to that corporation’s account.
Should I mail a paper voucher if I file electronically?
No. The form says not to submit a paper form if filing electronically.
Where can I get help?
Call the Vermont Department of Taxes Taxpayer Services Division at (802) 828-5723 on Monday, Tuesday, Thursday, or Friday, between 7:45 a.m. and 4:30 p.m.