INSTRUCTIONS: WISCONSIN CORPORATION FRANCHISE OR INCOME TAX RETURN (Form 5)
Corporations doing business in Wisconsin use a form 5 in order to file their franchise or income tax owed to the state. This document can be found on the website of the Wisconsin Department of Revenue.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 1: At the top of the form, if you are not filing for the calendar year in question, give the beginning and ending dates of your fiscal year.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 2: Enter your corporation's name and address.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 3: In box A, give your Federal Employer Identification Number. In box B, give your NAICS classification code.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 4: In box C, give the state in which your business was incorporated and the year.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 5: In box D, any corporations filing a first or final return, one documenting a short period change in their accounting period or a stock purchase or sale, or an amended return should indicate this with a check mark. Attach an explanation. Check any statements on lines E through H which are applicable to your return.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 6: Lines 1 through 3 calculate your total taxable income. Here and on the rest of the form, all numbers should be rounded to the nearest whole number. Lines 4 through 11 provide instructions for calculation of your net tax owed.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 7: Lines 12 through 24 provide instructions for calculations to determine your adjusted tax owed.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 8: Lines 25 through 27 concern refunds. Enter your total company gross receipts on line 28 and your total company assets on line 29.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 9: If you own any LLCs, enter these in the box under line 30. Line 31 asks if you documented LLC income on this return, and line 32 asks if you have filed an Uncertain Tax Position document with the state.
Wisconsin Corporation Franchise Or Income Tax Return 5 Step 10: Complete lines 1 through 4 under "additional information." An officer should sign and date the form.
