Instructions for Schedule CO-420 Foreign Dividend Factor Increments (For Unitary-Combined Only) - Vermont

This document contains official instructions for Schedule CO-420 , Foreign Dividend Factor Increments (For Unitary-Combined Only) - a form released and collected by the Vermont Department of Taxes.

FAQ

Q: What is Schedule CO-420?
A: Schedule CO-420 is a form used in Vermont for reporting foreign dividend factor increments for unitary-combined filings.

Q: Who needs to file Schedule CO-420?
A: This form is required to be filed by taxpayers who are submitting unitary-combined filings in Vermont.

Q: What does Schedule CO-420 report?
A: This form is used to report the foreign dividend factor increments.

Q: What are foreign dividend factor increments?
A: Foreign dividend factor increments are adjustments made to the dividend factor for income apportionment purposes in a unitary-combined filing.

Q: What is a unitary-combined filing?
A: A unitary-combined filing is when multiple corporations that are part of the same group are treated as a single entity for tax purposes.

Q: When is Schedule CO-420 due?
A: The due date for Schedule CO-420 corresponds with the due date of the unitary-combined filing in Vermont.

Q: Are there any penalties for not filing Schedule CO-420?
A: Yes, failure to file Schedule CO-420 can result in penalties and interest being assessed by the Vermont Department of Taxes.

Q: Are there any specific instructions for completing Schedule CO-420?
A: Yes, you should refer to the instructions provided with the form for guidance on completing Schedule CO-420.