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Screen VTGen - Vermont Corporate and Business Income Tax Returns (1120)

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General Information

File Form BI-471 instead of Form BI-476 (S Corp)
The application automatically files Form BI-476 instead of Form BI-471 for eligible S Corporations. Mark this box to override this selection.
Accounting period change from federal Screen 1128
Enter
1
 to answer Yes if there has been an accounting period change. If
1
 is entered, or if the
Change in accounting period
field in federal Screen PmtExt is marked, the application automatically marks Yes in the accounting period change checkboxes on the appropriate form.
Initial return (S Corp)
Enter
1
 to answer Yes if this is an initial return for the State of Vermont but not the first federal return.
Final return
Enter
1
 to answer Yes if this is a final return for Vermont, but not the final federal return.
note
Returns marked as final in the previous year will not proforma to the current year. If the federal return is marked as final, the client will not appear in the list of clients that are available to proforma.
Tax exception
Enter a code or press F4 to select one from the drop-down list. The application automatically enters
X
in the checkbox on the appropriate form.

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