Free 2008 IC-075 Schedule RT - Wisconsin Related Entity Expenses Disclosure Statement - Wisconsin

Schedule

RT

Wisconsin Department of Revenue
Taxpayer Name

File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4I, 4T, 5, or 5S.

Wisconsin Related Entity Expenses Disclosure Statement

2008
Identifying Number

Part I: Summary of Related Entity Expenses
For lines 1. through 3., enter the name and identification number (FEIN or SSN) of each related entity to which the taxpayer paid, accrued, or incurred the described expense during the taxable year, check () the space to indicate the type of related entity, and enter the amount paid, accrued, or incurred to the related entity during the taxable year. Note: For related entity interest and rental expenses (lines 1. and 2.), you must make an addition to federal income when computing your Wisconsin income and complete Part II of Schedule RT. If Part II indicates you are eligible for a deduction for all or a portion of these expenses, you may then make a subtraction for the amount shown in Part II when computing your Wisconsin income.

1. Interest Expenses
Name and Type of Payee 1a
Corporation S Corp. Partnership Individual Fiduciary Other:

Identification Number 1a

Amount .00

1b
Corporation S Corp. Partnership Individual Fiduciary Other:

1b

.00

1c Total from additional payees (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c 1d Total related entity interest expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d

.00 .00

2. Rental Expenses
Name and Type of Payee 2a
Corporation S Corp. Partnership Individual Fiduciary Other:

Identification Number 2a

Amount .00

2b
Corporation S Corp. Partnership Individual Fiduciary Other:

2b

.00

2c Total from additional payees (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c 2d Total related entity rental expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2d

.00 .00

*C1RT08991*
Continue to page 2.
IC-075i

2008 Schedule RT

Taxpayer Name:

Identifying Number:

Page 2 of 2

3. Royalty Expenses
Name and Type of Payee 3a
Corporation S Corp. Partnership Individual Fiduciary Other

Identification Number 3a

Amount .00

3b
Corporation S Corp. Partnership Individual Fiduciary Other

3b

.00

3c Total from additional payees (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3c 3d Total related entity royalty expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3d

.00 .00

4. Other Related Entity Expenses Paid, Accrued, or Incurred During the Taxable Year
4a Management and service fee expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a 4b Inventory purchases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b 4c Other related entity expenses if more than 10% of total expenses (attach schedule) . . . . . 4c .00 .00 .00

*C2RT08991*
Part II: Additional Information Required for Related Entity Interest and Rental Expenses
A. Check box i., ii., or iii. if the statement is true for any portion of the interest or rental expense you reported in Part I:
i. The related entity to which the taxpayer paid, accrued, or incurred the expense was a conduit through which the taxpayer indirectly paid the expense to an unrelated entity or to a qualifying holding company or subsidiary of a qualifying holding company, as described in sec. 71.80(23)(a)1., Wis. Stats. (See Specific Instructions for Box i. in the Schedule RT instructions for further explanation of sec. 71.80(23)(a)1., Wis. Stats.) The related entity to which the taxpayer paid, accrued, or incurred the expense was subject to a tax on or measured by net income or gross receipts in Wisconsin or in another jurisdiction, that tax base included the income received from the taxpayer for the expenses, and all other conditions described in sec. 71.80(23)(a)2., Wis. Stats., are met. (See Specific Instructions for Box ii. in the Schedule RT instructions for further explanation.) All three of the following statements are true: · The primary motivation for the transaction was one or more business purposes other than avoiding or reducing state income or franchise taxes, · the transaction changed the taxpayer's economic position in a meaningful way apart from tax effects, and · the expenses were paid, accrued, or incurred using terms that reflect an arm's-length relationship. B. In the spaces provided below, enter the amount of related entity interest and rental expense that fits the criteria corresponding to box i., ii., or iii. You may deduct this amount in computing your Wisconsin income. However, the Department of Revenue retains the right to make adjustments if the requirements of sec. 71.80(23), Wis. Stats., are not met or if the Department determines an adjustment is necessary under the authority provided in secs. 71.30(2) or 71.80(1)(b), Wis. Stats., as explained in the Schedule RT instructions.
Interest Expense Allowable Rental Expense Allowable Total Subtraction Allowable

ii.

iii.

$

$

$