Free 2008 IP-034 Form 3U - Underpayment of Estimated Recycling Surcharge by Partnerships - Wisconsin

Form

3U
Name

Underpayment of Estimated Recycling Surcharge by Partnerships
FilewithWisconsinForm3S
FederalEmployerIDNumber

WisconsinDepartment ofRevenue

2008

Part I Computation of Underpayment and Interest Due on Underpayment 1 Enteryour2008recyclingsurchargefrom2008Form3S,line5.Ifthisamountisless than$200,donotcompleteorfilethisform. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Multiplytheamountonline1by90%(0.90). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Enter2007recyclingsurchargefrom2007Form3S,line5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 If2007Form3Scovered12months,enterthesmallerofline2orline3;otherwise,entertheamount fromline2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DueDatesofInstallmentsforCalendarYearFilers (Fiscalyearfilersseeinstructions) (a) April15, (b) June16, (c) September (d) January15, 2008 2008 2009 15,2008

5 Divideline4by4,andentertheresultineachcolumnor,ifyouusetheannualizedincomeinstallment methodforanyperiod,firstcompletePartIIand entertheamountsfromline31 . . . . . . . . . . . . . . . . 6 Estimatedsurchargepaid . . . . . . . . . . . . . . . . . . . . 7 Ifline6islessthanline5,subtractline6fromline5. Thisisyourunderpayment. . . . . . . . . . . . . . . . . . . . 8 Ifline6ismorethanline5,subtractline5from line6.Thisisyouroverpayment . . . . . . . . . . . . . . . 9 Carrybackofoverpaymentorlatepayment . . . . . . . 10 Carryforwardofoverpayment . . . . . . . . . . . . . . . . . 11 Subtractthetotaloflines9and10fromline7. Thisisyournetunderpayment. . . . . . . . . . . . . . . . . 12 Enterdateinstallmentwaspaidfromwhichcarrybackorlatepaymententeredonline9originated . . 13 Enterdatebalancedueonreturnwaspaidorunex tendedduedateofreturn,whicheverisearlier. . . . 14 Numberofdaysfromtheduedateoftheinstallment tothedatecarrybackonline9waspaid. . . . . . . . . 15 Numberofdaysfromtheduedateoftheinstallment tothedatebalancedueonreturnwaspaidorunex tendedduedateofreturn,whicheverisearlier. . . . 16 Interest:Multiplyamountonline9times12%(0.12) timesnumberofdaysonline14dividedby365. . . 17 Interest:Multiplyamountonline11times12% (0.12)timesnumberofdaysonline15dividedby365

18 Addalloftheamountsonlines16and17.EnterthetotalhereandonForm3S,line9. . . . . . . . . . .

IP-034

2008Form3U

Page2of2

Part II Annualized Income Installment Method Worksheet Complete one column through line 31 before completing the next column. 19 EnterWisconsinnonfarmnetbusinessincomefor eachperiodshown. . . . . . . . . . . . . . . . . . . . . . . . 20 Annualizationfactor . . . . . . . . . . . . . . . . . . . . . . . 21 Multiplyline19byline20. . . . . . . . . . . . . . . . . . . 22 Multiplyline21by0.2%(0.002).Donot enterlessthan$25ormorethan$9,800.Thisisyour annualizedrecyclingsurcharge. . . . . . . . . . . . . . 23 Applicablepercentage . . . . . . . . . . . . . . . . . . . . . 24 Multiplyline22byline23. . . . . . . . . . . . . . . . . . . 25 Enterthecombinedamountsofline31fromall precedingcolumns. . . . . . . . . . . . . . . . . . . . . . . . 26 Subtractline25fromline24 . . . . . . . . . . . . . . . . 27 DividePartI,line4,by4andentertheresultin eachcolumn . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Entertheamountfromline30fromthe precedingcolumn. . . . . . . . . . . . . . . . . . . . . . . . . 29 Addlines27and28andenterthetotal . . . . . . . . 30 Ifline29ismorethanline26,subtractline 26fromline29.Otherwise,enterzero . . . . . . . . . 31 Enterthesmallerofline26orline29here andonPartI,line5. . . . . . . . . . . . . . . . . . . . . . . 22.5% 45% 67.5% 90% 4 2.4 1.5 1
Annualization Period
(a)First3months (b)First5months (c)First8months (d)12months

Instructions for Form 3U
Purpose of Form ­Partnerships,includinglimitedliability companies treated as partnerships, use Form 3U to determineiftheyaresubjecttointerestforunderpayment ofestimatedrecyclingsurchargeand,ifso,theamountof interest.Apartnershipmusthavemadeestimatedrecycling surchargepaymentsifitsrecyclingsurchargeforthetaxable yearbeginningin2008is$200ormore. Part I ­ Compute any underpayment of required installments and the amount of interest due in Part I. Required installmentsarebasedonthesmallerof(1)90%of2008 recyclingsurcharge,(2)100%of2007recyclingsurcharge, providedthe2007returncoveredanentire12-monthperiod, or(3)90%oftherecyclingsurchargefiguredbyannualizing income. For fiscal year filers, estimated recycling surcharge paymentsareduethe15thdayofthe4th,6th,and9thmonthsof thetaxableyearandthe15thdayofthefirstmonthfollowing thecloseofthetaxableyear. Line 1.Entertheamountfrom2008Form3S,line5. Line 6.Entertheamountofestimatedrecyclingsurcharge thatyoupaidforeachinstallmentperiod. Lines 9 and 10.Completetheselinesonlyifyouhavean overpaymentonline8foroneormoreinstallmentperiods. An overpayment may be carried back to the immediately precedinginstallmentperiodandoffsetagainstanunderpaymentforthatperiod.Anyremainingoverpaymentmaybe carriedbacktopriorinstallmentperiods.Ifanunderpayment doesnotexistinapriorperiod,carryforwardtheoverpaymenttothenextperiod. Line 11.Ifline11doesnotshowanunderpayment,andif line9doesnotshowacarrybackofanoverpayment,youdo notneedtocompletetheformbecauseyoudon'toweany underpaymentinterest.Ifline11showsanunderpayment, orifline9showsacarrybackofanoverpayment,continue withlines12through18. Line 18.Combinetheamountsfromallofthecolumnson lines16and17andenterthetotalonline18andonForm 3S,line9. Part II­Ifyoucomputeoneormoreinstallmentsunderthe annualizedincomeinstallmentmethod,completePartIIand entertheamountsfromline31onPartI,line5.