Instructions For 2015 Wisconsin Form Corp-Es
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3Instructions for 2015 Wisconsin Form Corp-ES – Corporation Estimated Tax
GENERAL INSTRUCTIONS
If the first payment required to be made is due
June 15, enter 1/2;
Purpose of Form
September 15, enter 3/4;
Corporations use the 2015 Form Corp-ES to make estimated
December 15, enter all
tax and economic development surcharge payments for taxable
of the estimated tax and surcharge due (Schedule A, line 8) on
years that begin in 2015.
Schedule B, line 2, in the appropriate column.
Tax-exempt corporations and trusts filing Form 4T, Exempt
Corporations filing returns on other than a calendar-year
Organization Business Franchise or Income Tax Return, use
basis should substitute the 15th day of the 3rd, 6th, 9th, and
Form Corp-ES to make estimated payments with respect to their
12th months of the taxable year for the payment due dates of
unrelated business taxable income. The corporate estimated
March 16, June 15, September 15, and December 15, respec-
tax rules apply to tax-exempt organizations except as noted in
tively. Likewise, the last day of the 2nd, 5th, and 8th months
these instructions.
should be substituted for February 28, May 31, and September
30, for purposes of determining when the filing requirement is
If you receive an extension of time to file your return, use a
first met.
voucher for making an estimated tax and surcharge payment
by the unextended due date of the return. If you did not re-
Short Taxable Year
ceive vouchers by mail, you may obtain personalized vouchers
No estimated tax and surcharge installment is required if the
by downloading them from the Department’s web site at www.
short taxable year is a period of 1 month or less. If the short
revenue.wi.gov or by calling (608) 266-1961.
taxable year is more than 1 month, installments are due as
shown:
Federal Employer Identification Number
Enter the corporation’s federal employer identification number
Number of
Number of
Installment
(EIN). If you have not yet applied for a federal EIN, you may do
Months in Short
Required
Due
so by filing federal Form SS-4 with the Internal Revenue Service,
Taxable Year
Installments
Dates
calling (800) 829-4933, or applying online at
2-3
1
D
Who Must Pay Estimated Tax and Economic Development
4-6
2
A
D
Surcharge
7-9
3
A B
D
10-11
4
A B C D
Corporations must make estimated tax and surcharge in-
stallment payments if the sum of the net tax and economic
A = the 15th day of the 3rd month of the taxable year
development surcharge for the taxable year that begins in 2015
will be $500 or more.
B = the 15th day of the 6th month of the taxable year
C = the 15th day of the 9th month of the taxable year
Exception: You do not have to make estimated payments if
the taxable year that began in 2014 was a taxable year of 12
D = the 15th day of the last month of the taxable year
months, you did not have any liability for tax for the taxable year
that began in 2014, and you will have net income of less than
For more information, see section Tax 2.89, Wisconsin Admin-
$250,000 for the taxable year that begins in 2015.
istrative Code.
For a tax-option (S) corporation, net income for purposes of
New Corporations
the $250,000 threshold is the amount of federal, state, and
The first franchise or income tax return filed by a corporation is
municipal government interest (after apportionment) taxed at
considered to cover an entire 12-month period for purposes of
the corporate level.
determining estimated tax and surcharge installment due dates,
even though the corporation’s first year of Wisconsin operations
When to Pay Estimated Tax and Economic Development
may cover less than 12 months.
Surcharge
In general, the first estimated tax and surcharge payment is due
The portion of the estimated tax and surcharge due for each
the 15th day of the 3rd month of the taxable year and is equal
payment period varies, depending on the number of installments
to 1/4 of the total estimated tax and surcharge due (1/4 of the
required. If 3 installments are required, 1/2 of the estimated tax
amount on Schedule A, line 8). The payment amounts and due
and surcharge is due for the first installment and 1/4 is due for
dates for a calendar-year corporation that first meets the filing
each of the 2 remaining installments.
requirements after February 28 are as follows:
For example, a new corporation, which begins operations in
If the requirement
Wisconsin on March 1, 2015, and which elects to file franchise or
is met after:
Payment is due:
income tax returns on a calendar-year basis, will be required to
make 3 installment payments due June 15, September 15, and
February 28 and
December 15. If this new corporation’s 2015 estimated tax and
before June 1 . . . . . . . . . June 15
surcharge is $4,000, $2,000 would be due June 15 and $1,000
May 31 and
would be payable for each of the installments due September
before September 1 . . . . September 15
15 and December 15.
August 31 . . . . . . . . . . . . . December 15
DC-045A
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