2008
Wisconsin Exempt Organization Business Taxes
Form 4T Instructions
New for 2008:
Related Entity Expenses
Taxpayers must make modifications to federal income for interest or rent expenses paid, accrued, or incurred to a related entity. See pages 3 and 9 for details of how this new law affects Form 4T filers.
Go Electronic!
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File Form 4T through the Federal/State E-Filing Program. With approved third party software, you can file Form 4T along with other Wisconsin and federal returns in a single filing. Or, you may use Federal/State E-Filing to file Form 4T separately. See Filing Methods on page 2 for details.
Schedule RT
Taxpayers must file Wisconsin Schedule RT if the total of certain related party expenses exceeds $100,000. See page 3 for details.
Schedule CR
If the organization is claiming any business tax credits, it must file Schedule CR with its Wisconsin return. Schedule CR has replaced Schedules C1 and C2.
Visit us online at
www.revenue.wi.gov to... www.revenue.wi.gov
· Obtain tax forms and instructions. · Get answers to frequently asked questions (FAQs). · Find out which third-party software you can use to file Form 4T electronically. · Register for electronic funds transfer. · Check out the Wisconsin Tax Bulletin quarterly newsletter. · Read Department of Revenue publications which explain specific topics in detail. · Register to receive e-mail news about new laws and procedures. · Determine which e-mail address or telephone number to use to contact the Department about a specific question.
Remember to file these with Form 4T:
· · · · Any extension A copy of your federal return A list of solely owned LLCs Any other required forms or schedules, such as Schedule RT or Schedule CR Do not staple attachments to your return. File electronically or use paper clips to submit these items.
IC-102
Purpose of Form 4T
Tax-exempt organizations and certain individual retirement arrangements (IRAs) or Medical Savings Accounts (MSAs) use Form 4T to report their unrelated business taxable income and credits and to compute their franchise or income tax and recycling surcharge liability.
Table of Contents
General Franchise or Income Tax Return Instructions...............................................................1
Who Must File.......................................................... 1 When and Where to File ............................................ 2 Period Covered by Return.......................................... 2 Accounting Methods and Elections ............................ 2 Payment of Estimated Tax ......................................... 3 Disclosure of Related Entity Expenses and Reportable Transactions.............................................................. 3 Internal Revenue Service Adjustments, Amended Returns, and Claims for Refund ................................. 4 Recycling Surcharge ................................................. 5 Information Returns .................................................. 5 Wisconsin Use Tax.................................................... 5 Penalties for Not Filing or Filing Incorrect Returns ..... 5 Obtaining Forms and Assistance ................................ 5 Other Exceptions to Internal Revenue Code ............... 7 Accounting for Differences ....................................... 7
Line-by-Line Instructions for Form 4T .................8
Items A Through I..................................................... 8 Lines 1 Through 10 (For Corporations Only).............. 8 Lines 11 Through 20 (For Trusts Only) ...................... 9 Lines 22 Through 36................................................11 Additional Information, Signatures, and Supplemental Schedules ............................................................... 12
Wisconsin Income of Multistate Organizations (Forms 4B, 4B-1, and 4C)......................................13
Who Must Use Apportionment ................................ 13 What Is the Apportionment Percentage .................... 13 What Is Nonapportionable Unrelated Business Taxable Income ................................................................... 13 Corporate Partners or LLC Members ....................... 13 Line-by-Line Instructions for Form 4B .................... 14 Separate Accounting ............................................... 16 Appendix: Tax Table for Trusts
Conformity With Internal Revenue Code and Exceptions.................................................................6
Amendments to Internal Revenue Code After December 19, 2006 ................................................... 6 Depreciation and Section 179 Expensing.................... 6
General Franchise or Income Tax Return Instructions
Who Must File Organizations Required to File. The following exempt organizations are required to file a Wisconsin corporation franchise or income tax return: · Organizations exempt from Wisconsin income taxation under sec. 71.26(1)(a) or 71.45(1), Wis. Stats., which satisfy, or which are the sole owner of limited liability companies (LLCs) that satisfy, all of the following: Do business in Wisconsin, Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, and Must file federal Form 990-T or 4720 to report such unrelated trade or business income. · Trusts exempt from federal income tax under Internal Revenue Code (IRC) section 501(a), which satisfy all of the following: Have income from Wisconsin sources, such as business transacted or property located in Wisconsin, Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, and Must file federal Form 990-T or 4720. · IRAs and MSAs described in IRC sections 408(a) and 220(d) which satisfy all of the following: Have income from Wisconsin sources, such as business transacted or property located in Wisconsin, Have at least $1,000 of gross income from an unrelated trade or business for federal income tax purposes, and Must file federal Form 990-T or 4720.
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· Exempt organizations engaged in buying or selling lottery prizes if the winning tickets were originally bought in Wisconsin. "Gross income" of a manufacturing, merchandising, or mining business is the total receipts or sales, less the cost of goods sold, plus the gross income from other sources that is includable in unrelated business taxable income. Organizations Not Required to File. The following organizations are not required to file a Wisconsin corporation franchise or income tax return: · Exempt organizations that aren't subject to tax on unrelated business taxable income under IRC section 511 and aren't required to file federal Form 990-T, except those with income realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin. · Employee benefit plans established by an employer engaged in or affecting interstate commerce or by an employee organization that represents employees engaged in or affecting interstate commerce. This exception doesn't apply to government plans, church plans not electing under the vesting, etc., provisions, worker's compensation plans, non-U.S. plans primarily for nonresident aliens, and "excess benefit plans." · The State of Wisconsin, including the University of Wisconsin System, or any county, village, school district, or other political unit of the State of Wisconsin. · Credit unions. When and Where to File Generally, an exempt organization must file Form 4T by the 15th day of the 5th month following the close of its taxable year. However, an employees' trust defined in IRC section 401(a), an IRA, and an MSA must file Form 4T by the 15th day of the 4th month following the close of the taxable year. If a return is filed late, without an extension, the exempt organization may be subject to penalties and interest. Extensions. If you are requesting an extension of time to file your federal income tax return, the following treatment applies: · For exempt organizations taxable as corporations, any extension allowed by the Internal Revenue Service for filing the federal return automatically extends the Wisconsin due date to 30 days after the federal extended due date. You don't need to submit either a copy of the federal extension or an application for a Wisconsin extension to the Department by the original due date of your return. However, you must file a copy of the fed-
eral extension with the Wisconsin return that you file. · For exempt organizations taxable as trusts, any extension allowed by the Internal Revenue Service for filing the federal return automatically extends the Wisconsin due date to the federal due date. You must file a copy of the federal extension with the Wisconsin return that you file. Filing Methods. File electronically through the Federal/State E-Filing Program. For a list of software vendors participating in the Federal/State E-Filing Program, visit the Department of Revenue's web page at www.revenue.wi.gov/eserv/corp/third.html. Paper filing is also permitted. If you choose to file your return on paper, follow these mailing instructions carefully: · Do not fasten, staple or bind the pages of your return. Use paper clips instead. · If you are submitting multiple returns, separate them with colored separator sheets. · Use the mailing address shown on the form. Period Covered by Return The return must cover the same period as the exempt organization's federal business income tax return, Form 990-T. A 2008 Wisconsin return must be filed by an exempt organization for calendar year 2008 or a fiscal year that begins in 2008. A fiscal year may end only on the last day of a month. The period covered by the return can't exceed 12 months. However, exempt organizations reporting on a 52-53 week period for federal tax purposes must file on the same reporting period for Wisconsin. A 52-53 week taxable year is deemed to begin on the first day of the calendar month beginning nearest to the first day of the 52-53 week taxable year. The taxable year is deemed to end on the last day of the calendar month closest to the last day of the 5253 week taxable year for purposes of due dates, extensions, and assessments of interest and penalties. Any change in accounting period made for federal purposes must also be made for Wisconsin purposes. For the first taxable year for which the change applies, file with the Wisconsin return a copy of the Internal Revenue Service's notice of approval of accounting period change if such approval is required or an explanation of the change if the IRS's approval isn't required. Accounting Methods and Elections In computing unrelated business taxable income, the
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method of accounting must be the same method used in computing federal unrelated business taxable income. However, if the method used for federal purposes isn't authorized under the Internal Revenue Code in effect for Wisconsin, use a method authorized under the Internal Revenue Code in effect for Wisconsin. Change in Accounting Method. A change in accounting method made for federal purposes must also be made for Wisconsin purposes, unless the change isn't authorized under the Internal Revenue Code in effect for Wisconsin. Adjustments required federally as a result of a change made while the exempt organization is subject to Wisconsin taxation must also be made for Wisconsin purposes, except in the last year that an exempt organization is subject to taxation by Wisconsin it must take into account all remaining adjustments required. For the first taxable year for which the change applies, file with the Wisconsin return either a copy of the application for change in accounting method filed with the Internal Revenue Service and copy of the IRS's consent, if applicable, or an explanation of the change if the IRS's approval isn't required. Elections. As explained above, an exempt organization can't make different elections for federal and Wisconsin purposes with respect to accounting periods and accounting methods, unless the federal method isn't permitted under the Internal Revenue Code in effect for Wisconsin. In situations where an exempt organization has an option under the Internal Revenue Code and the IRS doesn't consider that option to be a method of accounting, a different election may be made for Wisconsin than that made for federal purposes. If federal law specifies the manner or time period in which an election must be made, those requirements also apply for Wisconsin purposes. If different elections are made, adjustments are required on the Wisconsin return to account for any differences. Exempt organizations taxable as trusts enter such adjustments on Schedule T1 or Schedule T2. Exempt organizations taxable as corporations should account for such differences on Form 4T, line 1. Payment of Estimated Tax The franchise or income tax and recycling surcharge must be paid by the 15th day of the 5th month (15th day of the 4th month for employees' trusts, IRAs, and MSAs) following the close of the taxable period, regardless of the due date of the return. Exempt organizations may be required to make quarterly estimated payments to prepay their franchise or income tax and recycling surcharge. If the total of an exempt organization's franchise or income tax and recycling surcharge due is $500 or more, it
generally must make quarterly estimated tax payments using Wisconsin Form 4-ES or by electronic funds transfer. Failure to make required estimated tax payments may result in an interest charge. CAUTION: An extension for filing the return doesn't extend the time to pay the franchise or income tax. Interest will be charged on the tax and surcharge not paid by the original due date. You can avoid interest charges during the extension period by paying the tax and surcharge due by the original due date. Submit your payment with Wisconsin Form 4-ES, Corporation Estimated Tax Voucher. Quick Refund. An exempt corporation that overpaid its estimated tax may apply for a refund before filing its tax return if its overpayment is (1) at least 10% of the expected Wisconsin tax liability and (2) at least $500. To apply, file Wisconsin Form 4466W, Corporation Application for Quick Refund of Overpayment of Estimated Tax, after the end of the taxable year and before the exempt corporation files its tax return. Do not file Form 4466W at the same time as your tax return. An exempt corporation that has a tax due when filing its tax return as a result of receiving a "quick refund" will be charged 12% annual interest on the amount of unpaid tax from the date the refund is issued to the earlier of the 15th day of the 5th month after the close of the taxable year or the date the tax liability is paid. Any tax that remains unpaid after the unextended due date of the tax return continues to be subject to 18% or 12% annual interest, as appropriate. Disclosure of Related Entity Expenses and Reportable Transactions An exempt organization may be required to separately disclose certain expenses paid, accrued, or incurred to a related entity. An exempt organization or its material advisor may also be required to separately disclose reportable transactions. CAUTION: Wisconsin law provides that certain related entity expenses shall not be allowed as deductions if they are not timely disclosed as required by the Department of Revenue. Also, penalties may apply for failure to disclose reportable transactions to the Department. Disclosure of Related Entity Expenses. If the exempt organization paid, accrued, or incurred more than $100,000 of expenses to a related person or entity, the exempt organization must generally file Schedule RT, Wisconsin Related Entity Expenses Disclosure Statement, with its franchise or income tax return. Note: Schedule RT will not be accepted on an amended return after the extended due date
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of the return. The Schedule RT instructions provide a detailed explanation of the filing requirements. Organization's Disclosure of Reportable Transactions. If an exempt organization was required to file federal Form 8886, Reportable Transaction Disclosure Statement, with the Internal Revenue Service (IRS) and that form was required to be filed with the IRS after October 27, 2007, you must file a copy of Form 8886 with the Department of Revenue within 60 days of the date you are required to file it for federal income tax purposes. Send a paper copy of Form 8886, separate from your Form 4T, to the following address: Wisconsin Department of Revenue, Tax Shelters Program, P.O. Box 8958, Madison, WI 53708-8958. See the instructions to federal Form 8886 to determine if you are required to file the form for federal purposes. Material Advisor's Disclosure of Reportable Transactions. A "material advisor" means any person who provides any material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out any reportable transaction (as defined in the U.S. Treasury Regulations) and who, directly or indirectly, derives gross income from providing such aid, assistance, or advice in an amount that exceeds the threshold amount. For a material advisor providing advice to an entity and not an individual, the "threshold amount" is any of the following: · $25,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). · $250,000 if the reportable transaction is not a listed transaction. For a material advisor providing advice to an individual, the "threshold amount" is any of the following: · $10,000 if the reportable transaction is a listed transaction (as defined in the U.S. Treasury Regulations). · $50,000 if the reportable transaction is not a listed transaction. A material advisor that is required to disclose a reportable transaction to the IRS after October 27, 2007, must file a copy of the disclosure with the Department of Revenue within 60 days of the date it is required for federal income tax purposes, if the reportable transaction affects the taxpayer's Wisconsin income or franchise tax liability. For federal purposes, the form required for this disclosure is Form 8918. If you are required to file Form 8918 for federal income tax purposes and the reportable transaction to which the form relates affects the taxpayer's Wisconsin income or franchise tax liability, send a paper copy, separate from the
Wisconsin return, to the following address: Wisconsin Department of Revenue, Tax Shelters Program, P.O. Box 8958, Madison, WI 53708-8958. Internal Revenue Service Adjustments, Amended Returns, and Claims for Refund Internal Revenue Service Adjustments. If an exempt organization's federal tax return is adjusted by the Internal Revenue Service (IRS) and such adjustments affect the Wisconsin net tax payable, the amount of a Wisconsin credit, or a Wisconsin loss carryforward, you must report such adjustments to the Department of Revenue within 90 days after they become final. Send a copy of the final federal audit reports and any associated amended Wisconsin returns to the Wisconsin Department of Revenue, P.O. Box 8908, Madison, WI 53708-8908. If submitting a federal audit report without an amended return, mail it to the Audit Bureau, Wisconsin Department of Revenue, Mail Stop 5-144, P.O. Box 8906, Madison, WI 53708-8906. Don't attach these items to the tax return for the current year. Amended Returns. After you have filed a complete, original tax return, you may file an amended return to correct a tax return as you originally filed it or as it was later adjusted by an amended return, a claim for refund, or an office or field audit. If you file an amended federal return and the changes affect the Wisconsin net tax payable, the amount of a Wisconsin credit, or a Wisconsin loss carryforward, you must file an amended Wisconsin return with the Department of Revenue within 90 days after filing the amended federal return. To file an amended Wisconsin return, put a check mark on the line next to item E on the front of the return, complete the return, and include an explanation of any changes made. Show computations in detail, including any applicable supplemental forms or schedules. Also show how you figured your refund or additional amount owed. Where applicable, the line-by-line instructions in this booklet provide specific instructions for how to compute the amounts on an amended return. Send amended returns to the Wisconsin Department of Revenue, P.O. Box 8908, Madison, WI 53708-8908. Don't attach amended returns to other tax returns that you are filing. Claims for Refund. A claim for refund must be filed within 4 years of the unextended due date of the return. However, a claim for refund to recover all or part of any tax or credit paid as a result of an office or field audit must
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be filed within 4 years after such an assessment. That assessment must have been paid and must not have been protested by filing a petition for redetermination. See section Tax 2.12, Wisconsin Administrative Code, for more information. Recycling Surcharge The recycling surcharge applies to corporations and trusts having gross receipts from all unrelated trade or business activities of $4 million or more during the taxable year. Corporations and trusts that must file Wisconsin franchise or income tax returns must pay the recycling surcharge, with certain exceptions. The surcharge doesn't apply to: · Exempt corporations and trusts that have less than $4 million of gross receipts from all unrelated trade or business activities for federal income tax purposes. · "Gross receipts from all unrelated trade or business activities" includes gross receipts, gross sales, the gross sales price from the disposition of capital assets and business assets, gross rents, gross income from unrelated debt-financed property, gross interest, annuities, royalties, and rents from controlled organizations, gross investment income, gross exploited exempt activity income, gross advertising income, gross receipts passed through from other entities, and all other receipts that are included in unrelated business taxable income for Wisconsin income tax purposes. · Trusts and IRAs whose entire unrelated business taxable income was passed through from partnerships, provided the partnerships paid any recycling surcharge due on the income. For more information, refer to Publication 400, Wisconsin's Recycling Surcharge. Information Returns If an exempt organization pays $600 or more in rents, royalties, or certain nonwage compensation to one or more individuals, the exempt organization must file an information return to report those payments. You may use Wisconsin Form 9b, Miscellaneous Income, or you may use federal Form 1099 instead of Form 9b. For more information, see the Form 9b instructions. Wisconsin Use Tax Exempt organizations that don't hold a Wisconsin Certificate of Exempt Status (CES#) and purchase taxable tangible personal property or taxable services for storage, use,
or consumption in Wisconsin without payment of a sales or use tax may owe Wisconsin state, county, or stadium use tax and be required to file a Wisconsin sales and use tax return. For more information or forms, visit the Department's web site at www.revenue.wi.gov/html/sales.html, e-mail [email protected], fax your question to (608) 267-1030, call (608) 266-2776, or write to the Wisconsin Department of Revenue, Mail Stop 5-77, P.O. Box 8949, Madison, WI 53708-8949. Penalties for Not Filing or Filing Incorrect Returns If you don't file a Form 4T that you are required to file, or if you file an incorrect Form 4T due to negligence or fraud, interest and penalties may be assessed against you. The interest rate on delinquent taxes is 18% per year. Civil penalties may be as much as 100% of the amount of tax not reported on the return. Criminal penalties for filing a false return include a fine of up to $10,000 and imprisonment. Further, if you fail to disclose reportable transactions, you may be subject to the penalties described in sec. 71.81, Wis. Stats., including a $30,000 penalty for failure to disclose a listed transaction. Obtaining Forms and Assistance If you need forms or publications, you may: · Download them from the Department's Internet web site at www.revenue.wi.gov. · Request them online at www.revenue.wi.gov. · Call (608) 266-1961. · Write to the Forms Request Office, Wisconsin Department of Revenue, Mail Stop 5-77, P.O. Box 8949, Madison, WI 53708-8949. · Call or visit any Department of Revenue office. If you need help in preparing Form 4T, you may: · E-mail your question to [email protected]. · Send a FAX to (608) 267-0834. · Call (608) 266-2772 [TTY (608) 267-1049]. · Write to the Audit Bureau, Wisconsin Department of Revenue, Mail Stop 5-144, P.O. Box 8906, Madison, WI 53708-8906. · Call or visit any Department of Revenue office.
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Conformity With Internal Revenue Code and Exceptions
The Wisconsin income and franchise tax law is based on the federal Internal Revenue Code (IRC). The IRC generally applies for Wisconsin purposes at the same time as for federal purposes. However, significant exceptions apply. These exceptions are discussed below. Note: The exceptions listed below are those in effect as of the publication date of these instructions. It is possible that subsequent changes in Wisconsin law may eliminate some of these exceptions applicable to the organization's 2008 return. Amendments to Internal Revenue Code After December 19, 2006 Wisconsin has not adopted any amendments to the Internal Revenue Code enacted after December 31, 2006 nor any amendments to the IRC enacted by the final Act to amend the IRC in the year 2006 (P.L. 109-432, Tax Relief and Health Care Act). Thus, Wisconsin has not adopted any amendments to the IRC enacted after December 19, 2006. Depreciation and Section 179 Expensing If the exempt organization has depreciation deductions or section 179 expense deductions, it is very likely that the amount of deduction will be different for Wisconsin purposes than for federal purposes. Depreciation or Amortization Provisions Enacted After December 31, 2000. For Wisconsin purposes, depreciation or amortization is determined under the provisions of the Internal Revenue Code in effect on December 31, 2000. For example, the following provisions do not apply for Wisconsin purposes because they were enacted after December 31, 2000: · 30% bonus depreciation (sec. 101 of P.L. 107-147, sec. 201 of P.L. 108-27, sec. 403(a) of P.L. 108-311) · 50% bonus depreciation (sec. 201 of P.L. 108-27) · Accelerated depreciation for Indian reservation property (sec. 316 of P.L. 108-311) · Modification of application of income forecast method of depreciation (sec. 242 of P.L. 108-357) · Special expensing provisions for film and television productions (sec. 244 of P.L. 108-357) · Special rules on depreciation for aircraft (sec. 336 of P.L. 108-357) · Expansion of limitation on depreciation of certain passenger automobiles (sec. 910 of P.L. 108-357) · Treatment of electric transmission property as 15-year property (sec. 1308 of P.L. 109-58) · Expansion of amortization for certain atmospheric pollution control facilities (sec. 1309 of P.L. 109-58) · Special expensing provisions for equipment used in refining liquid fuels (sec. 1323 of P.L. 109-58) · Natural gas distribution lines treated as 15-year property (sec. 1325 of P.L. 109-58) · Natural gas gathering lines treated as 7-year property (sec. 1326 of P.L. 109-58) · Special rules for amortization of geological and geophysical expenditures (sec. 1329 of P.L. 109-58, sec. 503 of P.L. 109-222) · Election to amortize musical works and copyrights over a 5-year period (sec. 207 of P.L. 109-222) Section 179 Expense Limitations. For Wisconsin purposes, the allowable amount of section 179 expense depends on whether the property is used in farming by a person actively engaged in farming. In either case, different maximum amounts and phaseout thresholds apply for Wisconsin purposes than for federal purposes. Additionally, off-the-shelf computer software is not considered qualifying property for Wisconsin purposes, although it is qualifying property for federal purposes. In general, the maximum section 179 expense and phaseout threshold amounts for taxable years beginning in 2008 are as follows:
Section 179 Property in General
Wisconsin Law Federal Law
Maximum Section 179 Expense Phaseout Threshold
(Amt. of qualifying property)
$25,000 $200,000
$250,000 $800,000
For property used in farming by a person actively engaged in farming, the maximum section 179 expense and phaseout threshold amounts for taxable years beginning in 2008 are as follows:
Section 179 Property Used in Farming by a Person Actively Engaged in Farming
Wisconsin Law Federal Law
Maximum Section 179 Expense Phaseout Threshold
(Amt. of qualifying property)
$115,000 $460,000
$250,000 $800,000
For purposes of Wisconsin section 179 expense, "farming" has the meaning given in section 464(e)(1) of the IRC and
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"actively engaged in farming" has the meaning given in 7 CFR 1400.201. Other Exceptions to Internal Revenue Code The following federal provisions in effect as of December 19, 2006 are specifically excluded for Wisconsin franchise and income tax purposes: Small Business Stock. For federal purposes, an exclusion is allowed for 50% of the gain from the sale or exchange of qualified small business stock issued after August 10, 1993 and held for more than 5 years (sec. 13113 of P.L. 103-66). For Wisconsin purposes, this section does not apply. Installment Method for Accrual Basis Taxpayers. For federal purposes, accrual basis taxpayers may report income from an installment sale under the installment method (P.L. 106-573). For Wisconsin purposes, accrual basis taxpayers cannot use the installment method. Gain from the sale of property must be recognized in the year of the sale. This does not apply to dispositions of property used or produced in farming or for certain dispositions of timeshares or residential lots. Health Savings Accounts. For federal purposes, certain individuals may establish health savings accounts. A deduction is allowed for contributions to the account. Amounts contributed by an employer to an employee's account are excluded from the employee's gross income. (P.L. 108-173, P.L. 109-432). For Wisconsin purposes, the health savings accounts provisions do not apply. Other Provisions Not Adopted for Wisconsin Purposes. · Exclusion for extraterritorial income (sec. 1, 3, 4, and 5 of P.L. 106-519), repeal of such exclusion (sec. 101 of P.L. 108-357), and binding-contract relief provisions (sec. 513 of P.L. 109-222) (Note: Foreign sales corporation (FSC) treatment is repealed for Wisconsin purposes for taxable years beginning on or after January 1, 2005.) · Special expensing provisions for environmental remediation costs and extension of the termination date (sec. 162 of P.L. 106-554, enacted December 21, 2000; sec.
308 of P.L. 108-311) · Election to defer gain on disposition of transmission property to implement Federal Regulatory Commission or state electric restructuring (sec. 909 of P.L. 108-357, sec 1305 of P.L. 109-58) · Enhanced deduction for corporate donations of computer technology and extension of the termination date (sec. 165 of P.L. 106-554, sec. 306 of P.L. 108-311) · Tax benefits for Gulf Opportunity (GO) Zones (sec. 101 of P.L. 109-135) · Exceptions to imputed interest rules for loans to continuing care facilities (sec. 209 of P.L. 109-222) · Special temporary dividends received deduction for reinvesting foreign earnings in the U.S. (sec. 422 of P.L. 108-357) · Reform of tax treatment of certain leasing arrangements (sec. 847 of P.L. 108-357) · Special rules for nuclear decommissioning costs (sec. 1310 of P.L. 109-58) · Pass-through of deduction for costs incurred by small refiner cooperatives to comply with EPA sulfur regulations (sec. 1324 of P.L. 109-58) · Expansion of research credit (sec. 1351 of P.L. 109-58) · Special tax treatment of state ownership of railroad real estate investment trust (sec. 11146 of P.L. 109-59) · All provisions of P.L.109-432, Tax Relief and Health Care Act of 2006, enacted December 20, 2006, in addition to any other amendments to the IRC enacted after December 19, 2006. Accounting for Differences Adjustments may be necessary to account for differences between federal and Wisconsin taxable income because of the items described above. Exempt organizations taxable as trusts show these adjustments on Schedule T1 and Schedule T2. Exempt organizations taxable as corporations recompute their federal unrelated business taxable income reported on line 1 of Form 4T. See the instructions for line 1 for details.
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Line-by-Line Instructions for Form 4T
You must complete pages 1 and 2 of Form 4T and make appropriate entries in the schedules on page 3. Do not enter "See attached" instead of completing the entry spaces. If more space is needed, use separate sheets using the same size and format as the printed forms. Round cents to the nearest whole dollar by eliminating amounts less than 50 cents and increasing amounts from 50 cents through 99 cents to the next higher dollar. Caution: Federal line numbers referred to on Form 4T and in these instructions may change. Items A Through I Before completing items A through I, fill in the exempt organization's 2008 taxable year at the top of the form and the organization's name and address. If the organization dissolved, enter the date of dissolution as the ending date of the 2008 taxable year. Item A. Federal Employer Identification Number Enter the exempt organization's federal employer identification number (EIN). If you haven't yet applied for a federal EIN, you may do so by filing federal Form SS-4 with the Internal Revenue Service, calling the IRS's toll-free number at (800) 829-4933, or applying online at www.irs.gov. Item B. Business Activity (NAICS) Code Enter the organization's principal business activity code, based on the North American Industry Classification System (NAICS), from your federal return. If your federal return is a consolidated return, go to www.census.gov/epcd/www/naics.html to find the NAICS code for your principal business activity. Item C. State and Year of Organization Enter the 2-letter postal abbreviation for the state (or name of the foreign country) under whose laws the organization was formed and the year of formation. Item D. First Return, Final Return, Short Period Change in Accounting Period, and Short Period Stock Purchase or Sale Check the line for "First return" if this is the first year that you are filing a Wisconsin return because the organization wasn't in existence or didn't do business in Wisconsin in prior years. Check the line for "Final return" if the organization ceased to exist or withdrew from Wisconsin during the year. Check the applicable line if a short period return is being filed due to a change in the organization's accounting period or a stock purchase or sale. Item E. Amended Return Check here if this is an amended return. Circle the number in front of the lines that you are changing and provide a detailed explanation of the changes made, including any supporting form or schedule. Item F. Extended Due Date Check here if the exempt organization has an extension of time to file its Wisconsin return, and enter the extended due date. Item G. Schedule RT Required Check here if the exexempt organization is filing Schedule RT, Wisconsin Related Entity Expenses Disclosure Statement, with its return. Schedule RT is generally required if the exempt organization pays, accrues, or incurs more than $100,000 of expenses to a related person or entity in the taxable year. See the Schedule RT instructions for details of the requirement to file Schedule RT. Item H. Type of Organization Check the line that indicates how the organization will be taxed. Failure to check the proper box may result in the incorrect processing of your return. Item I. Name of Trustee Enter the name of the trustee if the organization is taxable as a trust. NOTE: Lines 1 through 10 are only for exempt organizations taxable as corporations. Exempt organizations taxable as trusts must skip lines 1 through 10 and begin on line 11. Lines 1 Through 10 (For Corporations Only) Line 1: Federal Unrelated Business Taxable Income Enter the amount from federal Form 990-T, line 34. This is federal unrelated business taxable income after the net operating loss deduction and special deductions. Addition and subtraction modifications generally aren't made for exempt organizations taxable as corporations. However, all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin must be reported to Wisconsin. If any changes to the Internal Revenue Code or depreciation or amortization differences described above affect the computation of federal unrelated business taxable income but don't apply for Wisconsin purposes, recompute the amount on Form 990-T, line 34. Enter the recomputed amount on Form 4T, line 1, and include a schedule with Form 4T showing your computation of line 1. Lines 2 through 7. Apportionment Data If using the apportionment method, complete Wisconsin Form 4B or
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4B-1 and enter the amounts requested. See the instructions for Form 4B included in this booklet. If using the separate accounting method, don't complete lines 2 through 6. Instead, see the instructions for Separate Accounting Data on page 16 and enter the Wisconsin unrelated business taxable income on line 7. Line 8. Gross Tax Enter 7.9% of the Wisconsin unrelated business taxable income reported on line 7. Line 9. Nonrefundable Credits Enter any nonrefundable credits the exempt organization is claiming from Schedule CR, line 33. However, you may not offset these credits against the recycling surcharge. If you are claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer must submit the appropriate credit computation schedules. See the Schedule CR instructions for details. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Credits for 2008, which is available on the Department of Revenue's web site at www.revenue.wi.gov/html/taxpubs.html#business. Line 10. Net Tax Subtract line 9 from line 8. If line 9 is more than line 8, enter zero. Lines 11 Through 20 (For Trusts Only) Line 11. Federal Unrelated Business Taxable Income Enter the amount from federal Form 990-T, line 34. Or, if the trust is required to file Form 4720, enter the amount of federal unrelated business taxable income as computed in the supporting schedules to Form 4720. The amount on line 11 should be after applying the net operating loss deduction and special deductions. CAUTION: If any changes to the Internal Revenue Code or differences described earlier affect the computation of federal unrelated business taxable income but don't apply for Wisconsin purposes, account for the differences on Schedules T1 and T2. Line 12. Trust Additions Federal unrelated business taxable income on Form 4T, line 11, may include items that aren't deductible for Wisconsin tax purposes, or it may not include items that are taxable for Wisconsin tax purposes. Complete Schedule T1 on page 3 and enter the total. Specific instructions for how to complete Schedule T1 follow: Line 1. Interest Income Enter interest income, less related expenses, received on state and municipal obligations that was excluded from federal unrelated business taxable income, except interest which is by law exempt
from Wisconsin taxation. Enter only the state or municipal interest that is considered unrelated business taxable income. Line 2. State Taxes Enter the amount of taxes deducted from federal unrelated business taxable income under IRC section 164. Line 3. Capital Gains and Losses If federal unrelated business taxable income includes capital gains or losses, complete Wisconsin Schedule WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin unrelated business taxable income. For example, an adjustment may be required because Wisconsin law limits deductions for net capital losses to $500. Line 4. Net Operating Loss Carryover Enter the amount of any federal net operating loss carryover. Lines 5 and 6. Related Entity Interest and Rental Expenses For taxable years beginning on or after January 1, 2008, an exempt organization taxable as a trust must make an addition modification to "add back" interest and rental expenses paid, accrued, or incurred to a related entity if those expenses are deducted from federal unrelated business taxable income. These expenses must generally also be disclosed on Schedule RT. See the Schedule RT instructions for further details of expenses required to be disclosed on Schedule RT and added back to income on Schedule T1. After the trust makes this addition modification, the trust uses Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The trust then makes a subtraction modification on Schedule T2 in the amount it is eligible to deduct. If the trust is a partner, member, beneficiary, or shareholder of a pass-through entity, also include the amount of modification included on lines 21a and 21b of Schedule 3K-1; lines 14a and 14b of Schedule 2K-1; and lines 18a and 18b of Schedule 5K-1, as applicable. Line 7. Transitional Adjustments Enter any transitional adjustments required by sec. 71.05(13), Wis. Stats., to account for differences between the federal and Wisconsin bases of changing basis assets (those subject to depreciation or amortization). Include a schedule showing the computation of each transitional adjustment made. Line 8. Credits Includable in Income For certain credits, you must include the credit amount in your income. Enter on line 8 the total of the following credit amounts, if applicable:
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Credit
Dairy and Livestock Farm Investment Credit Film Production Credits Manufacturing Investment Credit Health Insurance Risk-Sharing Plan Assessments Credit Ethanol and Biodiesel Fuel Pump Credit Development Zones Credits Technology Zone Credit Internet Equipment Credit Farmland Preservation Credit Farmland Tax Relief Credit Enterprise Zone Jobs Credit Dairy Manufacturing Facility Investment Credit
Amount Includable in Income
Schedule DI, line 7 Schedule FP, lines 6, 10, and 16 Schedule MI, line 4 Schedule HI, line 4 Schedule EB, line 5 Schedule DC, lines 5, 13, and 21 Schedule TC, line 6 Schedule IE, line 3 Schedule FC, line 18 Schedule FT, line 6 Schedule EC, line 16 Schedule DM, line 7
Line 3. Net Operating Loss Carryforward Enter the amount of any Wisconsin net operating loss carryforward. The Wisconsin net operating loss is the federal net operating loss plus or minus modifications required for Wisconsin tax purposes. Net operating losses from years before the exempt organization became subject to Wisconsin income taxation can't be included on line 3. Lines 4 and 5. Related Entity Interest and Rental Expenses For taxable years beginning on or after January 1, 2008, an exempt organization taxable as a trust must make an addition modification to "add back" interest and rental expenses paid, accrued, or incurred to a related entity if that interest was deducted from federal unrelated business taxable income. The "addback" is reported on Schedule T1, lines 4 and 5. After the exempt organization makes this addition modification, it completes Part II of Schedule RT to determine if it is eligible for a deduction for any of the amount added back. The exempt organization then makes a subtraction modification on Schedule T2, lines 4 and 5, for the amount it is eligible to deduct. See the Schedule RT instructions for details of the conditions necessary to claim this subtraction. If the exempt organization is a partner, member, beneficiary, or shareholer of a pass-through entity, also include the amount of modification included on lines 21c and 21d of Schedule 3K-1, lines 14c and 14d of Schedule 2K-1, and lines 18c and 18d of Schedule 5K-1, as applicable. Line 6. Transitional Adjustments Enter any transitional adjustment required by sec. 71.05(13), Wis. Stats., to account for differences between the federal and Wisconsin bases of changing basis assets (those subject to depreciation or amortization). Include a schedule showing the computation of each transitional adjustment. Line 7. Other Subtractions Enter any amount not subject to Wisconsin taxation that was included in federal unrelated business taxable income or any deduction allowed for Wisconsin that wasn't deducted federally (such as development zones investment credit recaptured). Include on line 6 any trust income that was included in federal unrelated business taxable income but not sourced to Wisconsin. Line 16. Gross Tax Figure the tax on the Wisconsin unrelated business taxable income on line 15 using the tax table that begins on page 17. Line 17. Nonrefundable Credits Enter any nonrefundable credits the exempt organization is claiming from Schedule CR, line 11. However, you may not offset these credits against the recycling surcharge. If you are claiming more than one credit, you must claim the credits in a specific order. To receive any credits, the taxpayer must submit the appropriate credit computation schedules. See the
Line 9. Other Additions Enter any other amount subject to Wisconsin taxation, less any expense amount allocable to it, which has been excluded or deducted in the computation of federal unrelated business taxable income. For example, enter all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin. Line 14. Trust Subtractions Federal unrelated business taxable income on Form 4T, line 11, may not include items that are deductible for Wisconsin tax purposes, or it may include items that aren't taxable for Wisconsin purposes. Complete Schedule T2 on page 3 and enter the total. Specific instructions for how to complete Schedule T2 follow: Line 1. Interest Income Enter interest and dividend income, less related expenses, received on obligations and certain securities of the United States government that was included in federal unrelated business taxable income and is exempt from state income taxation. Line 2. Capital Gains and Losses If federal unrelated business taxable income includes capital gains or losses, complete Wisconsin Schedule WD (Form 2) to determine if an adjustment is necessary to arrive at Wisconsin unrelated business taxable income. For example, an adjustment may be required because Wisconsin law allows an exclusion of 60% of the net capital gain from assets held more than one year.
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Schedule CR instructions for details. To determine if the organization qualifies for any credits, see Publication 123, Business Tax Credits for 2008, which is available on the Department of Revenue's web site at www.revenue.wi.gov/html/taxpubs.html#business. Line 18. Net Income Tax Paid to Other States Wisconsin resident trusts may claim a credit for income tax paid to another state or the District of Columbia, subject to the following requirements. · The income taxed by the other state must be included in Wisconsin unrelated business taxable income, · The credit claimed must be for the net amount of tax paid to the other state (this may be more or less than the amount paid as estimated tax.), and · A copy of Wisconsin Schedule OS and the other state's tax return must be submitted with Form 4T. See Wisconsin Schedule OS for more information. Lines 22 Through 36 Line 22. Recycling Surcharge Figure the surcharge as explained below. For further information, see Publication 400, Wisconsin's Recycling Surcharge. Exempt organizations taxable as corporations: Enter the greater of $25 or 3% (0.03) of the gross tax on line 8, but not more than $9,800. Note: The recycling surcharge does not apply to exempt organizations taxable as corporations that have less than $4 million of gross receipts from all unrelated trade or business activities for federal income tax purposes. Exempt organizations taxable as trusts: If gross receipts from all farm and nonfarm unrelated trade or business activities for federal income tax purposes are $4 million or more, enter the greater of $25 or 0.2% (0.002) of the Wisconsin unrelated business taxable income on line 15, but not more than $9,800. Exception: For trusts engaged in both farming and nonfarming activities, exclude any net farm profit (loss) that is included in the amount reported on line 15 when calculating the recycling surcharge. Line 23. Endangered Resources Donation (For exempt organizations taxable as corporations.) Your donation supports the preservation and management of more than 200 endangered and threatened Wisconsin plants and animals. It also helps protect Wisconsin's finest remaining examples of prairies, forests, and wetlands. Support endangered resources in Wisconsin. Fill in line 23 with the amount you wish to donate. Your gift will either reduce your refund or be added to tax
due. You can also send a check directly to the Endangered Resources Fund, Department of Natural Resources, P.O. Box 7921, Madison WI 53707-7921. Line 24. Veterans Trust Fund Donation You may designate an amount as a veterans trust fund donation. Your donation will be used by the Wisconsin Department of Veterans Affairs for the benefit of veterans or their dependents. Fill in line 24 with the amount you wish to donate. Your donation will either reduce your refund or be added to tax due. Line 26. Estimated Tax Payments Enter estimated tax payments made or overpayments applied from prior years' returns. Subtract any "quick refund" applied for on Form 4466W. If this is an amended return, use the worksheet below to determine the amount to enter on line 26.
Line 26 for Amended Returns
Estimated tax payments made for 2008..............$______________ Plus: Tax carried forward from 2007........................$______________ Additional tax paid on previous returns filed for 2008...............................................$______________ Additional tax assessed by the Department for 2008 (whether or not paid).....................$______________ Subtotal...............................................................$______________ Minus: Tax refunded on 2008 Form 4466W...............$______________ Tax refunded to you on previous returns filed for 2008...............................................$______________ Overpayment from your previously filed 2008 return claimed on your 2009 return, if you already filed your 2009 return...........$______________ Tax previously paid to enter on line 26...............$______________
Line 27. Wisconsin Tax Withheld Enter your share of Wisconsin tax withheld from pass-through entities of which you are a member, as reported on Wisconsin Schedules 3K-1, 2K-1, or 5K-1. Include a copy of the Schedule 3K-1, 2K-1, or 5K-1 with the tax return that you file. Also enter the amount of Wisconsin tax withheld from lottery prizes. If this is an amended return, enter the Wisconsin tax withheld reported on your original return, unless the amount you originally reported was incorrect. Line 28. Refundable Credits Enter any refundable credits the exempt organization is claiming from Schedule CR, line 15 (for organizations taxable as trusts) or line 37 (for organizations taxable as corporations). To determine if the organization qualifies for any credits, see Publication 123, Business Tax Credits for 2008 (available at www.revenue.wi.gov/html/taxpubs.html#business). To claim a credit, complete the appropriate credit schedule as in-
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structed by Publication 123, enter the credit amount on the appropriate line of Schedule CR, and submit the credit schedule and Schedule CR with your return. Line 30. Interest, Penalty, and Late Fee Due Enter any interest, penalty, and late fee due from Form 4U, line 17 or 26. Check the designated line if you figured underpayment interest using the annualized income installment method on Form 4U, page 2. If you are filing an amended return and you were previously assessed interest for underpayment of estimated taxes, complete an amended Form 4U, Part I, based on the total of the amounts shown on lines 21 and 22. Enter the difference between the underpayment interest from the amended Form 4U, line 17, and the amount you previously paid on line 30. Show an overpayment as a negative number. File Form 4U with your amended return. Otherwise, leave line 30 blank. The Department will compute interest on the amount of refund approved or tax owed. Line 31. Tax Due If the total of lines 25 and 30 is larger than line 29, enter the amount owed. Pay by electronic funds transfer or mail your check with a 2008 Form 4-ES, Corporation Estimated Tax Voucher, to the address shown on the voucher. Otherwise, paper clip your check to the front of Form 4T. Line 32. Overpayment If line 29 is larger than the total of lines 25 and 30, enter the overpayment. NOTE: If you must recapture development zones investment credit because the property is disposed of or ceases to be qualified property before the end of the recapture period, add the amount from Schedule DC, line 34, to the tax due on line 31 or reduce the overpayment on line 32. Line 33. 2009 Estimated Tax Enter the amount of any overpayment from line 32 that is to be credited to the organization's 2009 estimated tax. The balance of any overpayment will be refunded. If this is an amended return and you have already filed your 2009 return, enter the overpayment that you claimed as a credit on your 2009 return from your previously filed original or amended 2008 return. Otherwise, you may allocate the overpayment from line 32 between line 33 and line 34 as you choose. Line 35. Gross Receipts Enter the "gross receipts from all unrelated trade or business activities" including gross receipts, gross sales, the gross sales price from the
disposition of capital assets and business assets, gross rents, gross income from unrelated debt-financed property, gross interest, annuities, royalties, and rents from controlled organizations, gross investment income, gross exploited exempt activity income, gross advertising income, gross receipts passed through from other entities, and all other receipts that are included in unrelated business taxable income for Wisconsin tax purposes. Line 36. Total From Schedule RT If the organization is taxable as a trust and reports more than $100,000 of expenses on its return which are amounts paid, accrued, or incurred to a related person or entity, the organization must generally file Schedule RT, Related Entity Expenses Disclosure Statement with its return. On line 36, enter the total amount of expenses disclosed on Schedule RT. See the Schedule RT instructions for details of the Schedule RT filing requirements. Additional Information, Signatures, and Supplemental Schedules Additional Information Required Answer the questions given in items 1 through 6. Signatures An officer or trustee of the exempt organization must sign the form at the bottom of page 2. If the return is prepared by someone other than an employee of the exempt organization, the individual who prepared the return must sign the form, by hand, in the space provided for the preparer's signature and furnish the preparing firm's federal employer identification number. A selfemployed individual must enter "SSN" and his or her social security number in the space for the preparer's federal employer identification number. Supplemental Schedules File the following items as supplemental schedules to your Form 4T: · Your federal Form 990-T or 4720 with all supporting schedules. · A list of your solely owned LLCs. · Any extension of time to file your return. · Supporting schedules for Form 4T (supporting schedules that are not Department-prescribed forms may be submitted as .pdf documents with electronic returns). If you are filing Form 4T on paper, do not staple, fasten or bind these supplemental schedules to your return. Use paper clips instead.
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Wisconsin Income of Multistate Organizations (Forms 4B, 4B-1, and 4C)
Who Must Use Apportionment Under the apportionment method, an exempt organization shows all income and deductions from unrelated trade or business activities for the organization as a whole and then assigns a part to Wisconsin according to a formula that determines Wisconsin unrelated business taxable income. An exempt organization engaged in unrelated trade or business activities in and outside Wisconsin is required to report a portion of its total unrelated business taxable income to Wisconsin using the apportionment method if its Wisconsin operations are a part of a unitary business, unless the Department gives permission to use separate accounting. To use the apportionment method, an exempt organization must have unrelated trade or business activity sufficient to create nexus in Wisconsin and at least one other state or foreign country. A unitary business is one that operates as a unit and can't be segregated into independently operating divisions or branches. The operations are integrated, and each division or branch is dependent upon or contributory to the operation of the business as a whole. It isn't necessary that each division or branch operating in Wisconsin contribute to the activities of all divisions or branches outside Wisconsin. To use the apportionment method, an exempt organization must have business activity sufficient to create nexus in Wisconsin and at least one other state or foreign country. "Nexus" means that an exempt organization's business activity is of such a degree that the state or foreign country has jurisdiction to impose an income tax or franchise tax measured by net income. Under Public Law 86-272, a state can't impose an income tax or franchise tax based on net income on an exempt organization selling tangible personal property if the organization's only activity in the state is the solicitation of orders, which orders are approved outside the state and are filled by delivery from a point outside the state. What Is the Apportionment Percentage For unitary, multistate businesses (except direct air carriers, motor carriers, railroads, sleeping car companies, pipeline companies, financial institutions, brokers-dealers, investment advisers, investment companies, underwriters, and telecommunications companies whose incomes are apportioned by special rules of the Department), the apportionment percentage is determined by the ratio of Wisconsin sales to total company sales. For most companies, the apportionment percentage is computed on Form 4B. However, direct air carriers, motor carriers, railroads, sleeping car companies, pipeline companies, financial institutions, brokers-dealers, investment advisers, investment companies, underwriters, and telecommunications companies should see Form 4B-1 and its instructions. What Is Nonapportionable Unrelated Business Taxable Income Nonapportionable income is that income which is allocable directly to a particular state. It includes income or loss derived from the sale of nonbusiness real or tangible personal property or from rentals and royalties from nonbusiness real or tangible personal property. This income is assigned to the state where the property is located. All income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin shall be allocated to Wisconsin. Except for income from lottery prizes described above, the intangible income of a personal holding company is nonapportionable and is assigned to the state of incorporation. Total nonapportionable income (loss) is removed from total company net income before the apportionment percentage is applied. The Wisconsin nonapportionable income (loss) is then combined with the Wisconsin apportionable income to arrive at Wisconsin net income. Corporate Partners or LLC Members An exempt corporation that is a general or limited partner includes its share of the numerator and denominator of the partnership's apportionment factors in the numerator and denominator of its apportionment factors. An exempt corporation that is a member of a limited liability company (LLC) treated as a partnership for federal tax purposes includes its share of the numerator and denominator of the LLC's apportionment factors in the numerator and denominator of its apportionment factors. The exempt corporation should request a detailed breakdown of the partnership's or LLC's items and amounts to be included in the computation of its apportionment factors. Note: Income from a partnership or LLC may be nontaxable under the principles of the U.S. Supreme Court decision in Allied-Signal v. Director, Div. of Taxation, 504 U.S. 768 (1992), if the investment is passive and does not serve an operational function. In this case, the exempt corporation would not include its share of the partnership's or
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LLC's apportionment factors in the numerator and denominator of its apportionment factors. Line-by-Line Instructions for Form 4B NOTE: Enter amounts on Form 4B relating only to the exempt organization's unrelated trade or business activities. "Total company" refers to the unrelated trade or business activities of the entire exempt organization. Part I Nonapportionable Income. Line 1. Enter rents and royalties received on nonbusiness real and tangible property in the appropriate column or columns. These are nonapportionable and follow the situs of the property. Line 2. Enter any expenses that are directly or indirectly related to rents and royalties reported on line 1. Since such income is nonapportionable, the related expenses are nonapportionable. Line 4. Enter all profits and losses from disposals of nonbusiness real and tangible property in the appropriate column or columns. Such profits and losses are nonapportionable and follow the situs of the property. Also enter on line 4 all income that is realized from the sale of or purchase and subsequent sale or redemption of lottery prizes if the winning tickets were originally bought in Wisconsin. This income is nonapportionable and must be allocated to Wisconsin. Line 5. Enter the total net nonapportionable income or loss for both Wisconsin and the total company. Part II Apportionment Percentage. For purposes of the sales factor, sales include, but aren't limited to, the following items related to the production of apportionable income: · Gross receipts from the sale of inventory. · Gross receipts from the operation of farms, mines, and quarries. · Gross receipts from the sale of scrap or by-products. · Gross commissions. · Gross receipts from personal and other services. · Gross rents from real property or tangible personal property. · Interest on trade accounts and trade notes receivable. · A member's share of a limited liability company's gross receipts or a partner's share of a partnership's gross receipts.
· Gross management fees. · Gross royalties from income producing activities. · Gross franchise fees from income producing activities. "Gross receipts" means gross sales less returns and allowances, plus service charges, freight, carrying charges, or time-price differential charges incidental to the sales. Federal and state excise taxes, including sales and use taxes, are included as part of the receipts if the taxes are passed on to the buyer or included as part of the selling price. The following items are among those not included for sales factor purposes: · Gross receipts and gain or loss from the sale of tangible business assets, except receipts from the sale of inventory, scrap, or by-products or from the operation of a farm, mine, or quarry. · Gross receipts and gain or loss from the sale of nonbusiness real or tangible personal property. · Gross rents and rental income or loss from real property or tangible personal property if that real property or tangible personal property isn't used in the production of business income. · Royalties from nonbusiness real property or nonbusiness tangible personal property. · Proceeds and gain or loss from the redemption of securities. · Interest, except interest on trade accounts and trade notes receivable, and dividends. · Gross receipts and gain or loss from the sale of intangible assets, except inventory. · Dividends deductible in determining net income. · Gross receipts and gain or loss from the sale of securities. · Proceeds and gain or loss from the sale of receivables. · Refunds, rebates, and recoveries of amounts previously expended or deducted. · Foreign exchange gain or loss. · Royalties and income from passive investments in patents, copyrights, trademarks, trade names, plans, specifications, blueprints, processes, techniques, formulas, designs, layouts, patterns, drawings, manuals, and technical know-how. · Pari-mutuel wager winnings and purses. · Other items not includable in apportionable income. Lines 1a and 1b. Enter the amounts of Wisconsin destination sales. Gross receipts from the sales of tangible per-
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sonal property, except sales to the federal government, are Wisconsin sales if the property is delivered or shipped to a purchaser in Wisconsin. Sales of tangible personal property picked up by the purchaser, or the purchaser's agent, at the seller's Wisconsin business location and immediately transported to the purchaser's out-of-state business location aren't Wisconsin sales. However, if the seller doesn't have nexus with the state in which the purchaser's business is located, the sales are "thrown back" to Wisconsin as discussed later. Wisconsin sales include sales of tangible personal property that are picked up by the purchaser, or the purchaser's agent, at the seller's out-of-state business location and immediately transported to the purchaser's Wisconsin business location. Line 2a. Enter the amount of sales of tangible personal property delivered to the federal government, including its agencies and instrumentalities, in Wisconsin if the property is shipped from an office, store, warehouse, factory, or other place of storage in Wisconsin. Sales to federal government locations in Wisconsin, which are shipped from an office, store, warehouse, factory, or other place of storage outside Wisconsin, aren't Wisconsin sales. Line 2b. Enter the amount of sales of tangible personal property delivered to the federal government, including its agencies and instrumentalities, outside Wisconsin if the property is shipped from an office, store, warehouse, factory, or other place of storage in Wisconsin and the seller doesn't have nexus in the destination state. These sales are included in the numerator of the sales factor at 50%. Line 2c. Enter the amount of sales, other than sales to the federal government, that are "thrown back" to Wisconsin. These are sales of tangible personal property shipped from an office, store, warehouse, factory, or other place of storage in Wisconsin to a state in which the seller doesn't have nexus. "Throwback" sales are included in the numerator of the sales factor at 50%. Line 3. Enter the amount of "double throwback" sales. These are sales, other than sales to the federal government, of tangible personal property by an office in Wisconsin to a purchaser in another state, but not shipped or delivered from Wisconsin, if the taxpayer doesn't have nexus in (1) the state from which the property is delivered or shipped, or (2) the destination state. "Double throwback" sales are included in the numerator of the sales factor at 50%. NOTE: For purposes of throwback sales and double throwback sales, "state" means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any United States territory or possession. A foreign country isn't a state. Line 5a. Enter the amount of gross receipts from the use
of computer software that the purchaser or licensee uses at a location in Wisconsin. Computer software is used in Wisconsin if the purchaser or licensee uses the software in the regular course of business operations in Wisconsin, for personal use in Wisconsin, or if the purchaser or licensee is an individual whose domicile is in Wisconsin. If the purchaser or licensee uses the computer software in more than one state, the gross receipts are divided among those states having jurisdiction to impose an income tax on the taxpayer in proportion to the use of the computer software in those states. To determine computer software use in Wisconsin, the Department may consider the number of users in each state where the software is used, the number of site licenses or workstations in Wisconsin, and any other factors that reflect the use of computer software in Wisconsin. Line 5b. Enter the amount of gross receipts from the use of computer software if the taxpayer is not subject to income tax in the state in which the gross receipts are considered received, but the taxpayer's commercial domicile is in Wisconsin. "Commercial domicile" means the location from which a trade or business is principally managed and directed, based on any factors the Department determines are appropriate, including the location where the greatest number of employees of the trade or business work, have their office or base of operations, or from which the employees are directed or controlled. These gross receipts are included in the numerator of the sales factor at 50%. Line 7a. Enter the amount of gross receipts from services if the purchaser of the service received the benefit of the service in Wisconsin. The benefit of the service is received in Wisconsin if any of the following applies: · The service relates to real property that is located in Wisconsin. · The service relates to tangible personal property that is located in Wisconsin at the time that the service is received or tangible personal property that is delivered directly or indirectly to customers in Wisconsin. · The service is provided to an individual who is physically present in Wisconsin at the time that the service is received. · The service is provided to a person engaged in a trade or business in Wisconsin and relates to that person's business in Wisconsin. If the purchaser of a service receives the benefit of the service in more than one state, the gross receipts from the service are included in the numerator of the sales factor according to the portion of the service received in Wisconsin.
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Line 7b. Enter the amount of gross receipts from services, if the taxpayer is not subject to income tax in the state in which the benefit of the service is received, to the extent that the taxpayer's employees or representatives performed services from a location in Wisconsin. These gross receipts are included in the numerator of the sales factor at 50%. Line 9. For both Wisconsin and the total company, enter the amount of other gross receipts of apportionable income that are includable in the sales factor. These gross receipts are attributable to Wisconsin if the income producing activity that gives rise to the receipts is performed in Wisconsin. If the income producing activity is performed partly in and partly outside Wisconsin, assign receipts to Wisconsin based on the ratio of direct costs of performance in Wisconsin to the direct costs of performance in all states having jurisdiction to tax the business. For additional information, see section Tax 2.39, Wisconsin Administrative Code. Line 11. Divide line 10, column a, by line 10, column b, and multiply that amount by 100. Carry the result to 4 places to the right of the decimal point. Enter the percentage here and on Form 4T, page 1, line 4.
Separate Accounting An exempt organization engaged in a nonunitary business in and outside Wisconsin must determine the amount of income attributable to Wisconsin by separate accounting. The exempt organization uses Form 4C, Separate Accounting Data, to report the amount attributable to Wisconsin by separate accounting. A nonunitary business is one in which the operations in Wisconsin aren't dependent upon or contributory to the operations outside Wisconsin. Under separate accounting, the exempt organization must keep separate records of the sales, cost of sales, and expenses for the Wisconsin business. A unitary business may use separate accounting only with the approval of the Department. An application for such approval must set forth, in detail, the reasons why separate accounting will more clearly reflect the exempt organization's Wisconsin net income. It should be mailed to the Wisconsin Department of Revenue, Mail Stop 5-144, P.O. Box 8906, Madison, WI 53708-8906 before the end of the taxable year for which the use of separate accounting is desired.
2008 TAX TABLE FOR TRUSTS
If Line 15 but is at less least than Gross tax is If Line 15 but is at less least than
4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 7,600 7,700 7,800 7,900 8,000 8,100 8,200 8,300 8,400 8,500 8,600 8,700 8,800 8,900 9,000 9,100 9,200 9,300 9,400 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 7,600 7,700 7,800 7,900 8,000 8,100 8,200 8,300 8,400 8,500 8,600 8,700 8,800 8,900 9,000 9,100 9,200 9,300 9,400 9,500
Gross tax is
186 191 196 200 205 209 214 219 223 228 232 237 242 246 251 255 260 265 269 274 278 283 288 292 297 301 306 311 315 320 324 329 334 338 343 347 352 357 361 366 370 375 380 384 389 393 398 403 407 412 416 421 426 430 435
If Line 15 but is at less least than
9,500 9,600 9,700 9,800 9,900 10,000 10,100 10,200 10,300 10,400 10,500 10,600 10,700 10,800 10,900 11,000 11,100 11,200 11,300 11,400 11,500 11,600 11,700 11,800 11,900 12,000 12,100 12,200 12,300 12,400 12,500 12,600 12,700 12,800 12,900 13,000 13,100 13,200 13,300 13,400 13,500 13,600 13,700 13,800 13,900 14,000 14,100 14,200 14,300 14,400 14,500 14,600 14,700 14,800 14,900 9,600 9,700 9,800 9,900 10,000 10,100 10,200 10,300 10,400 10,500 10,600 10,700 10,800 10,900 11,000 11,100 11,200 11,300 11,400 11,500 11,600 11,700 11,800 11,900 12,000 12,100 12,200 12,300 12,400 12,500 12,600 12,700 12,800 12,900 13,000 13,100 13,200 13,300 13,400 13,500 13,600 13,700 13,800 13,900 14,000 14,100 14,200 14,300 14,400 14,500 14,600 14,700 14,800 14,900 15,000 17
Gross tax is
439 444 449 455 462 468 474 480 486 492 498 505 511 517 523 529 535 542 548 554 560 566 572 578 585 591 597 603 609 615 621 628 634 640 646 652 658 665 671 677 683 689 695 701 708 714 720 726 732 738 744 751 757 763 769
If Line 15 but is at less least than
15,000 15,100 15,200 15,300 15,400 15,500 15,600 15,700 15,800 15,900 16,000 16,100 16,200 16,300 16,400 16,500 16,600 16,700 16,800 16,900 17,000 17,100 17,200 17,300 17,400 17,500 17,600 17,700 17,800 17,900 18,000 18,100 18,200 18,300 18,400 18,500 18,600 18,700 18,800 18,900 19,000 19,100 19,200 19,300 19,400 19,500 19,600 19,700 19,800 19,900 20,000 20,100 20,200 20,300 20,400 15,100 15,200 15,300 15,400 15,500 15,600 15,700 15,800 15,900 16,000 16,100 16,200 16,300 16,400 16,500 16,600 16,700 16,800 16,900 17,000 17,100 17,200 17,300 17,400 17,500 17,600 17,700 17,800 17,900 18,000 18,100 18,200 18,300 18,400 18,500 18,600 18,700 18,800 18,900 19,000 19,100 19,200 19,300 19,400 19,500 19,600 19,700 19,800 19,900 20,000 20,100 20,200 20,300 20,400 20,500
Gross tax is
775 781 788 794 800 806 812 818 824 831 837 843 849 855 861 867 874 880 886 892 898 904 911 917 923 929 935 941 947 954 960 966 972 978 984 990 997 1,003 1,009 1,015 1,021 1,027 1,034 1,040 1,046 1,053 1,059 1,066 1,072 1,079 1,085 1,092 1,098 1,105 1,111
If Line 15 but is at less least than
20,500 20,600 20,700 20,800 20,900 21,000 21,100 21,200 21,300 21,400 21,500 21,600 21,700 21,800 21,900 22,000 22,100 22,200 22,300 22,400 22,500 22,600 22,700 22,800 22,900 23,000 23,100 23,200 23,300 23,400 23,500 23,600 23,700 23,800 23,900 24,000 24,100 24,200 24,300 24,400 24,500 24,600 24,700 24,800 24,900 25,000 25,100 25,200 25,300 25,400 25,500 25,600 25,700 25,800 25,900 20,600 20,700 20,800 20,900 21,000 21,100 21,200 21,300 21,400 21,500 21,600 21,700 21,800 21,900 22,000 22,100 22,200 22,300 22,400 22,500 22,600 22,700 22,800 22,900 23,000 23,100 23,200 23,300 23,400 23,500 23,600 23,700 23,800 23,900 24,000 24,100 24,200 24,300 24,400 24,500 24,600 24,700 24,800 24,900 25,000 25,100 25,200 25,300 25,400 25,500 25,600 25,700 25,800 25,900 26,000
Gross tax is
1,118 1,124 1,131 1,137 1,144 1,150 1,157 1,163 1,170 1,176 1,183 1,189 1,196 1,202 1,209 1,215 1,222 1,228 1,235 1,241 1,248 1,254 1,261 1,267 1,274 1,280 1,287 1,293 1,300 1,306 1,313 1,319 1,326 1,332 1,339 1,345 1,352 1,358 1,365 1,371 1,378 1,384 1,391 1,397 1,404 1,410 1,417 1,423 1,430 1,436 1,443 1,449 1,456 1,462 1,469
0 20 40 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900
20 40 100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000
0 1 3 7 12 16 21 25 30 35 39 44 48 53 58 62 67 71 76 81 85 90 94 99 104 108 113 117 122 127 131 136 140 145 150 154 159 163 168 173 177 182
2008 TAX TABLE FOR TRUSTS (Continued)
If Line 15 but is at less least than
26,000 26,100 26,200 26,300 26,400 26,500 26,600 26,700 26,800 26,900 27,000 27,100 27,200 27,300 27,400 27,500 27,600 27,700 27,800 27,900 28,000 28,100 28,200 28,300 28,400 28,500 28,600 28,700 28,800 28,900 29,000 29,100 29,200 29,300 29,400 29,500 29,600 29,700 29,800 29,900 30,000 30,100 30,200 30,300 30,400 30,500 30,600 30,700 30,800 30,900 31,000 31,100 31,200 31,300 31,400 26,100 26,200 26,300 26,400 26,500 26,600 26,700 26,800 26,900 27,000 27,100 27,200 27,300 27,400 27,500 27,600 27,700 27,800 27,900 28,000 28,100 28,200 28,300 28,400 28,500 28,600 28,700 28,800 28,900 29,000 29,100 29,200 29,300 29,400 29,500 29,600 29,700 29,800 29,900 30,000 30,100 30,200 30,300 30,400 30,500 30,600 30,700 30,800 30,900 31,000 31,100 31,200 31,300 31,400 31,500
Gross tax is
1,475 1,482 1,488 1,495 1,501 1,508 1,514 1,521 1,527 1,534 1,540 1,547 1,553 1,560 1,566 1,573 1,579 1,586 1,592 1,599 1,605 1,612 1,618 1,625 1,631 1,638 1,644 1,651 1,657 1,664 1,670 1,677 1,683 1,690 1,696 1,703 1,709 1,716 1,722 1,729 1,735 1,742 1,748 1,755 1,761 1,768 1,774 1,781 1,787 1,794 1,800 1,807 1,813 1,820 1,826
If Line 15 but is at less least than
31,500 31,600 31,700 31,800 31,900 32,000 32,100 32,200 32,300 32,400 32,500 32,600 32,700 32,800 32,900 33,000 33,100 33,200 33,300 33,400 33,500 33,600 33,700 33,800 33,900 34,000 34,100 34,200 34,300 34,400 34,500 34,600 34,700 34,800 34,900 35,000 35,100 35,200 35,300 35,400 35,500 35,600 35,700 35,800 35,900 36,000 36,100 36,200 36,300 36,400 36,500 36,600 36,700 36,800 36,900 31,600 31,700 31,800 31,900 32,000 32,100 32,200 32,300 32,400 32,500 32,600 32,700 32,800 32,900 33,000 33,100 33,200 33,300 33,400 33,500 33,600 33,700 33,800 33,900 34,000 34,100 34,200 34,300 34,400 34,500 34,600 34,700 34,800 34,900 35,000 35,100 35,200 35,300 35,400 35,500 35,600 35,700 35,800 35,900 36,000 36,100 36,200 36,300 36,400 36,500 36,600 36,700 36,800 36,900 37,000
Gross tax is
1,833 1,839 1,846 1,852 1,859 1,865 1,872 1,878 1,885 1,891 1,898 1,904 1,911 1,917 1,924 1,930 1,937 1,943 1,950 1,956 1,963 1,969 1,976 1,982 1,989 1,995 2,002 2,008 2,015 2,021 2,028 2,034 2,041 2,047 2,054 2,060 2,067 2,073 2,080 2,086 2,093 2,099 2,106 2,112 2,119 2,125 2,132 2,138 2,145 2,151 2,158 2,164 2,171 2,177 2,184
If Line 15 but is at less least than
37,000 37,100 37,200 37,300 37,400 37,500 37,600 37,700 37,800 37,900 38,000 38,100 38,200 38,300 38,400 38,500 38,600 38,700 38,800 38,900 39,000 39,100 39,200 39,300 39,400 39,500 39,600 39,700 39,800 39,900 40,000 40,100 40,200 40,300 40,400 40,500 40,600 40,700 40,800 40,900 41,000 41,100 41,200 41,300 41,400 41,500 41,600 41,700 41,800 41,900 42,000 42,100 42,200 42,300 42,400 37,100 37,200 37,300 37,400 37,500 37,600 37,700 37,800 37,900 38,000 38,100 38,200 38,300 38,400 38,500 38,600 38,700 38,800 38,900 39,000 39,100 39,200 39,300 39,400 39,500 39,600 39,700 39,800 39,900 40,000 40,100 40,200 40,300 40,400 40,500 40,600 40,700 40,800 40,900 41,000 41,100 41,200 41,300 41,400 41,500 41,600 41,700 41,800 41,900 42,000 42,100 42,200 42,300 42,400 42,500 18
Gross tax is
2,190 2,197 2,203 2,210 2,216 2,223 2,229 2,236 2,242 2,249 2,255 2,262 2,268 2,275 2,281 2,288 2,294 2,301 2,307 2,314 2,320 2,327 2,333 2,340 2,346 2,353 2,359 2,366 2,372 2,379 2,385 2,392 2,398 2,405 2,411 2,418 2,424 2,431 2,437 2,444 2,450 2,457 2,463 2,470 2,476 2,483 2,489 2,496 2,502 2,509 2,515 2,522 2,528 2,535 2,541
If Line 15 but is at less least than
42,500 42,600 42,700 42,800 42,900 43,000 43,100 43,200 43,300 43,400 43,500 43,600 43,700 43,800 43,900 44,000 44,100 44,200 44,300 44,400 44,500 44,600 44,700 44,800 44,900 45,000 45,100 45,200 45,300 45,400 45,500 45,600 45,700 45,800 45,900 46,000 46,100 46,200 46,300 46,400 46,500 46,600 46,700 46,800 46,900 47,000 47,100 47,200 47,300 47,400 47,500 47,600 47,700 47,800 47,900 42,600 42,700 42,800 42,900 43,000 43,100 43,200 43,300 43,400 43,500 43,600 43,700 43,800 43,900 44,000 44,100 44,200 44,300 44,400 44,500 44,600 44,700 44,800 44,900 45,000 45,100 45,200 45,300 45,400 45,500 45,600 45,700 45,800 45,900 46,000 46,100 46,200 46,300 46,400 46,500 46,600 46,700 46,800 46,900 47,000 47,100 47,200 47,300 47,400 47,500 47,600 47,700 47,800 47,900 48,000
Gross tax is
2,548 2,554 2,561 2,567 2,574 2,580 2,587 2,593 2,600 2,606 2,613 2,619 2,626 2,632 2,639 2,645 2,652 2,658 2,665 2,671 2,678 2,684 2,691 2,697 2,704 2,710 2,717 2,723 2,730 2,736 2,743 2,749 2,756 2,762 2,769 2,775 2,782 2,788 2,795 2,801 2,808 2,814 2,821 2,827 2,834 2,840 2,847 2,853 2,860 2,866 2,873 2,879 2,886 2,892 2,899
If Line 15 but is at less least than
48,000 48,100 48,200 48,300 48,400 48,500 48,600 48,700 48,800 48,900 49,000 49,100 49,200 49,300 49,400 49,500 49,600 49,700 49,800 49,900 50,000 50,100 50,200 50,300 50,400 50,500 50,600 50,700 50,800 50,900 51,000 51,100 51,200 51,300 51,400 51,500 51,600 51,700 51,800 51,900 52,000 52,100 52,200 52,300 52,400 52,500 52,600 52,700 52,800 52,900 53,000 53,100 53,200 53,300 53,400 48,100 48,200 48,300 48,400 48,500 48,600 48,700 48,800 48,900 49,000 49,100 49,200 49,300 49,400 49,500 49,600 49,700 49,800 49,900 50,000 50,100 50,200 50,300 50,400 50,500 50,600 50,700 50,800 50,900 51,000 51,100 51,200 51,300 51,400 51,500 51,600 51,700 51,800 51,900 52,000 52,100 52,200 52,300 52,400 52,500 52,600 52,700 52,800 52,900 53,000 53,100 53,200 53,300 53,400 53,500
Gross tax is
2,905 2,912 2,918 2,925 2,931 2,938 2,944 2,951 2,957 2,964 2,970 2,977 2,983 2,990 2,996 3,003 3,009 3,016 3,022 3,029 3,035 3,042 3,048 3,055 3,061 3,068 3,074 3,081 3,087 3,094 3,100 3,107 3,113 3,120 3,126 3,133 3,139 3,146 3,152 3,159 3,165 3,172 3,178 3,185 3,191 3,198 3,204 3,211 3,217 3,224 3,230 3,237 3,243 3,250 3,256
2008 TAX TABLE FOR TRUSTS (Continued)
If Line 15 but is at less least than
53,500 53,600 53,700 53,800 53,900 54,000 54,100 54,200 54,300 54,400 54,500 54,600 54,700 54,800 54,900 55,000 55,100 55,200 55,300 55,400 55,500 55,600 55,700 55,800 55,900 56,000 56,100 56,200 56,300 56,400 56,500 56,600 56,700 56,800 56,900 57,000 57,100 57,200 57,300 57,400 57,500 57,600 57,700 57,800 57,900 58,000 58,100 58,200 58,300 58,400 58,500 58,600 58,700 58,800 58,900 53,600 53,700 53,800 53,900 54,000 54,100 54,200 54,300 54,400 54,500 54,600 54,700 54,800 54,900 55,000 55,100 55,200 55,300 55,400 55,500 55,600 55,700 55,800 55,900 56,000 56,100 56,200 56,300 56,400 56,500 56,600 56,700 56,800 56,900 57,000 57,100 57,200 57,300 57,400 57,500 57,600 57,700 57,800 57,900 58,000 58,100 58,200 58,300 58,400 58,500 58,600 58,700 58,800 58,900 59,000
Gross tax is
3,263 3,269 3,276 3,282 3,289 3,295 3,302 3,308 3,315 3,321 3,328 3,334 3,341 3,347 3,354 3,360 3,367 3,373 3,380 3,386 3,393 3,399 3,406 3,412 3,419 3,425 3,432 3,438 3,445 3,451 3,458 3,464 3,471 3,477 3,484 3,490 3,497 3,503 3,510 3,516 3,523 3,529 3,536 3,542 3,549 3,555 3,562 3,568 3,575 3,581 3,588 3,594 3,601 3,607 3,614
If Line 15 but is at less least than
59,000 59,100 59,200 59,300 59,400 59,500 59,600 59,700 59,800 59,900 60,000 60,100 60,200 60,300 60,400 60,500 60,600 60,700 60,800 60,900 61,000 61,100 61,200 61,300 61,400 61,500 61,600 61,700 61,800 61,900 62,000 62,100 62,200 62,300 62,400 62,500 62,600 62,700 62,800 62,900 63,000 63,100 63,200 63,300 63,400 63,500 63,600 63,700 63,800 63,900 64,000 64,100 64,200 64,300 64,400 59,100 59,200 59,300 59,400 59,500 59,600 59,700 59,800 59,900 60,000 60,100 60,200 60,300 60,400 60,500 60,600 60,700 60,800 60,900 61,000 61,100 61,200 61,300 61,400 61,500 61,600 61,700 61,800 61,900 62,000 62,100 62,200 62,300 62,400 62,500 62,600 62,700 62,800 62,900 63,000 63,100 63,200 63,300 63,400 63,500 63,600 63,700 63,800 63,900 64,000 64,100 64,200 64,300 64,400 64,500
Gross tax is
3,620 3,627 3,633 3,640 3,646 3,653 3,659 3,666 3,672 3,679 3,685 3,692 3,698 3,705 3,711 3,718 3,724 3,731 3,737 3,744 3,750 3,757 3,763 3,770 3,776 3,783 3,789 3,796 3,802 3,809 3,815 3,822 3,828 3,835 3,841 3,848 3,854 3,861 3,867 3,874 3,880 3,887 3,893 3,900 3,906 3,913 3,919 3,926 3,932 3,939 3,945 3,952 3,958 3,965 3,971
If Line 15 but is at less least than
64,500 64,600 64,700 64,800 64,900 65,000 65,100 65,200 65,300 65,400 65,500 65,600 65,700 65,800 65,900 66,000 66,100 66,200 66,300 66,400 66,500 66,600 66,700 66,800 66,900 67,000 67,100 67,200 67,300 67,400 67,500 67,600 67,700 67,800 67,900 68,000 68,100 68,200 68,300 68,400 68,500 68,600 68,700 68,800 68,900 69,000 69,100 69,200 69,300 69,400 69,500 69,600 69,700 69,800 69,900 64,600 64,700 64,800 64,900 65,000 65,100 65,200 65,300 65,400 65,500 65,600 65,700 65,800 65,900 66,000 66,100 66,200 66,300 66,400 66,500 66,600 66,700 66,800 66,900 67,000 67,100 67,200 67,300 67,400 67,500 67,600 67,700 67,800 67,900 68,000 68,100 68,200 68,300 68,400 68,500 68,600 68,700 68,800 68,900 69,000 69,100 69,200 69,300 69,400 69,500 69,600 69,700 69,800 69,900 70,000 19
Gross tax is
3,978 3,984 3,991 3,997 4,004 4,010 4,017 4,023 4,030 4,036 4,043 4,049 4,056 4,062 4,069 4,075 4,082 4,088 4,095 4,101 4,108 4,114 4,121 4,127 4,134 4,140 4,147 4,153 4,160 4,166 4,173 4,179 4,186 4,192 4,199 4,205 4,212 4,218 4,225 4,231 4,238 4,244 4,251 4,257 4,264 4,270 4,277 4,283 4,290 4,296 4,303 4,309 4,316 4,322 4,329
If Line 15 but is at less least than
70,000 70,100 70,200 70,300 70,400 70,500 70,600 70,700 70,800 70,900 71,000 71,100 71,200 71,300 71,400 71,500 71,600 71,700 71,800 71,900 72,000 72,100 72,200 72,300 72,400 72,500 72,600 72,700 72,800 72,900 73,000 73,100 73,200 73,300 73,400 73,500 73,600 73,700 73,800 73,900 74,000 74,100 74,200 74,300 74,400 74,500 74,600 74,700 74,800 74,900 75,000 75,100 75,200 75,300 75,400 70,100 70,200 70,300 70,400 70,500 70,600 70,700 70,800 70,900 71,000 71,100 71,200 71,300 71,400 71,500 71,600 71,700 71,800 71,900 72,000 72,100 72,200 72,300 72,400 72,500 72,600 72,700 72,800 72,900 73,000 73,100 73,200 73,300 73,400 73,500 73,600 73,700 73,800 73,900 74,000 74,100 74,200 74,300 74,400 74,500 74,600 74,700 74,800 74,900 75,000 75,100 75,200 75,300 75,400 75,500
Gross tax is
4,335 4,342 4,348 4,355 4,361 4,368 4,374 4,381 4,387 4,394 4,400 4,407 4,413 4,420 4,426 4,433 4,439 4,446 4,452 4,459 4,465 4,472 4,478 4,485 4,491 4,498 4,504 4,511 4,517 4,524 4,530 4,537 4,543 4,550 4,556 4,563 4,569 4,576 4,582 4,589 4,595 4,602 4,608 4,615 4,621 4,628 4,634 4,641 4,647 4,654 4,660 4,667 4,673 4,680 4,686
If Line 15 but is at less least than
75,500 75,600 75,700 75,800 75,900 76,000 76,100 76,200 76,300 76,400 76,500 76,600 76,700 76,800 76,900 77,000 77,100 77,200 77,300 77,400 77,500 77,600 77,700 77,800 77,900 78,000 78,100 78,200 78,300 78,400 78,500 78,600 78,700 78,800 78,900 79,000 79,100 79,200 79,300 79,400 79,500 79,600 79,700 79,800 79,900 80,000 80,100 80,200 80,300 80,400 80,500 80,600 80,700 80,800 80,900 75,600 75,700 75,800 75,900 76,000 76,100 76,200 76,300 76,400 76,500 76,600 76,700 76,800 76,900 77,000 77,100 77,200 77,300 77,400 77,500 77,600 77,700 77,800 77,900 78,000 78,100 78,200 78,300 78,400 78,500 78,600 78,700 78,800 78,900 79,000 79,100 79,200 79,300 79,400 79,500 79,600 79,700 79,800 79,900 80,000 80,100 80,200 80,300 80,400 80,500 80,600 80,700 80,800 80,900 81,000
Gross tax is
4,693 4,699 4,706 4,712 4,719 4,725 4,732 4,738 4,745 4,751 4,758 4,764 4,771 4,777 4,784 4,790 4,797 4,803 4,810 4,816 4,823 4,829 4,836 4,842 4,849 4,855 4,862 4,868 4,875 4,881 4,888 4,894 4,901 4,907 4,914 4,920 4,927 4,933 4,940 4,946 4,953 4,959 4,966 4,972 4,979 4,985 4,992 4,998 5,005 5,011 5,018 5,024 5,031 5,037 5,044
2008 TAX TABLE FOR TRUSTS (Continued)
If Line 15 but is at less least than
81,000 81,100 81,200 81,300 81,400 81,500 81,600 81,700 81,800 81,900 82,000 82,100 82,200 82,300 82,400 82,500 82,600 82,700 82,800 82,900 83,000 83,100 83,200 83,300 83,400 83,500 83,600 83,700 83,800 83,900 84,000 84,100 84,200 84,300 84,400 84,500 84,600 84,700 84,800 84,900 85,000 85,100 85,200 85,300 85,400 85,500 85,600 85,700 85,800 85,900 86,000 86,100 86,200 86,300 86,400 81,100 81,200 81,300 81,400 81,500 81,600 81,700 81,800 81,900 82,000 82,100 82,200 82,300 82,400 82,500 82,600 82,700 82,800 82,900 83,000 83,100 83,200 83,300 83,400 83,500 83,600 83,700 83,800 83,900 84,000 84,100 84,200 84,300 84,400 84,500 84,600 84,700 84,800 84,900 85,000 85,100 85,200 85,300 85,400 85,500 85,600 85,700 85,800 85,900 86,000 86,100 86,200 86,300 86,400 86,500
Gross tax is
5,050 5,057 5,063 5,070 5,076 5,083 5,089 5,096 5,102 5,109 5,115 5,122 5,128 5,135 5,141 5,148 5,154 5,161 5,167 5,174 5,180 5,187 5,193 5,200 5,206 5,213 5,219 5,226 5,232 5,239 5,245 5,252 5,258 5,265 5,271 5,278 5,284 5,291 5,297 5,304 5,310 5,317 5,323 5,330 5,336 5,343 5,349 5,356 5,362 5,369 5,375 5,382 5,388 5,395 5,401
If Line 15 but is at less least than
86,500 86,600 86,700 86,800 86,900 87,000 87,100 87,200 87,300 87,400 87,500 87,600 87,700 87,800 87,900 88,000 88,100 88,200 88,300 88,400 88,500 88,600 88,700 88,800 88,900 89,000 89,100 89,200 89,300 89,400 89,500 89,600 89,700 89,800 89,900 90,000 90,100 90,200 90,300 90,400 90,500 90,600 90,700 90,800 90,900 91,000 91,100 91,200 91,300 91,400 91,500 91,600 91,700 91,800 91,900 86,600 86,700 86,800 86,900 87,000 87,100 87,200 87,300 87,400 87,500 87,600 87,700 87,800 87,900 88,000 88,100 88,200 88,300 88,400 88,500 88,600 88,700 88,800 88,900 89,000 89,100 89,200 89,300 89,400 89,500 89,600 89,700 89,800 89,900 90,000 90,100 90,200 90,300 90,400 90,500 90,600 90,700 90,800 90,900 91,000 91,100 91,200 91,300 91,400 91,500 91,600 91,700 91,800 91,900 92,000
Gross tax is
5,408 5,414 5,421 5,427 5,434 5,440 5,447 5,453 5,460 5,466 5,473 5,479 5,486 5,492 5,499 5,505 5,512 5,518 5,525 5,531 5,538 5,544 5,551 5,557 5,564 5,570 5,577 5,583 5,590 5,596 5,603 5,609 5,616 5,622 5,629 5,635 5,642 5,648 5,655 5,661 5,668 5,674 5,681 5,687 5,694 5,700 5,707 5,713 5,720 5,726 5,733 5,739 5,746 5,752 5,759
If Line 15 but is at less least than
92,000 92,100 92,200 92,300 92,400 92,500 92,600 92,700 92,800 92,900 93,000 93,100 93,200 93,300 93,400 93,500 93,600 93,700 93,800 93,900 94,000 94,100 94,200 94,300 94,400 94,500 94,600 94,700 94,800 94,900 95,000 95,100 95,200 95,300 95,400 95,500 95,600 95,700 95,800 95,900 96,000 96,100 96,200 96,300 96,400 96,500 96,600 96,700 96,800 96,900 97,000 97,100 97,200 97,300 97,400 92,100 92,200 92,300 92,400 92,500 92,600 92,700 92,800 92,900 93,000 93,100 93,200 93,300 93,400 93,500 93,600 93,700 93,800 93,900 94,000 94,100 94,200 94,300 94,400 94,500 94,600 94,700 94,800 94,900 95,000 95,100 95,200 95,300 95,400 95,500 95,600 95,700 95,800 95,900 96,000 96,100 96,200 96,300 96,400 96,500 96,600 96,700 96,800 96,900 97,000 97,100 97,200 97,300 97,400 97,500 20
Gross tax is
5,765 5,772 5,778 5,785 5,791 5,798 5,804 5,811 5,817 5,824 5,830 5,837 5,843 5,850 5,856 5,863 5,869 5,876 5,882 5,889 5,895 5,902 5,908 5,915 5,921 5,928 5,934 5,941 5,947 5,954 5,960 5,967 5,973 5,980 5,986 5,993 5,999 6,006 6,012 6,019 6,025 6,032 6,038 6,045 6,051 6,058 6,064 6,071 6,077 6,084 6,090 6,097 6,103 6,110 6,116
If Line 15 but is at less least than
97,500 97,600 97,700 97,800 97,900 98,000 98,100 98,200 98,300 98,400 98,500 98,600 98,700 98,800 98,900 99,000 99,100 99,200 99,300 99,400 97,600 97,700 97,800 97,900 98,000 98,100 98,200 98,300 98,400 98,500 98,600 98,700 98,800 98,900 99,000 99,100 99,200 99,300 99,400 99,500
Gross tax is
6,123 6,129 6,136 6,142 6,149 6,155 6,162 6,168 6,175 6,181 6,188 6,194 6,201 6,207 6,214 6,220 6,227 6,233 6,240 6,246 6,253 6,259 6,266 6,272 6,279 6,282
99,500 99,600 99,600 99,700 99,700 99,800 99,800 99,900 99,900 100,000 100,000 145,460
plus 6.50% of the amount over $100,000 but less than $145,460
$145,460 or more $9,237 plus 6.75% of the amount over $145,460
Free Instructions - Wisconsin
| File Size: | 380.9 kB |
| Pages: | 22 |
| Date: | January 14, 2009 |
| File Format: | |
| State: | Wisconsin |
| Category: | Tax Forms |
| Word Count: | 15,562 Words, 94,744 Characters |
| Page Size: | Letter (8 1/2" x 11") |
| URL |
http://www.dor.state.wi.us/forms/2008/08ic-102.pdf |
| Download Instructions ( 380.9 kB) |
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