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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen VTAdjC - Vermont Adjustments and Minimum Tax (1120)
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Adjustments
Interest on non-Vermont state and local obligations
Use the statement to enter the interest on non-Vermont state and local obligations. The application transfers amounts from the federal return to this statement. The application assumes these amounts are not taxable to Vermont. Enter adjustments to interest on non-Vermont state and local obligations in the
State Amount
column of the statement.State and local income or franchise taxes
Use the statement to enter the Vermont corporation license tax and other state, local, and foreign taxes. The application transfers amounts from the federal return to this statement. The application assumes these amounts are not taxable to Vermont. Enter adjustments to state and local income or franchise taxes in the
State Amount
column of the statement.Minimum Tax
Vermont gross receipts (Force)
The application uses gross receipts from the federal return to determine the minimum tax. Use this force field to override the calculated gross receipts on which the minimum tax is based.