Instructions For 2015 Wisconsin Form Corp-Es (Page 2 of 3) in pdf

Page 2

Schedule A

Computation of Estimated Tax and Economic Development Surcharge

(A) Original Computation (B) Amended Computation

1 Amount of total estimated net income expected in taxable year that begins in 2015

2 Percentage of line 1 attributable to Wisconsin

3 Amount of estimated net income attributable to Wisconsin (multiply line 1 by line 2)

4 Franchise or income tax (for corporations, 7.9% of income on line 3; trusts use trust rates)

5 Total estimated credits

6 Net franchise or income tax (subtract line 5 from line 4)

7 Economic development surcharge (3% of line 4 for C corporations; S corporations and trusts see tax return instructions)

8 Total estimated tax and economic development surcharge (add lines 6 and 7)

Schedule B

Computation of Installments Due

Installment Number

1 Enter in columns 1 through 4 the install ment due dates that correspond to

the 15th day of the 3rd, 6th, 9th, and 12th months of the taxable year.

2 If 4 installments are due, enter in each column 1/4 of Schedule A, line 8, col.

A. If less than 4 installments are due, see instructions under “When to Pay.”

3 Enter any overpayment from your 2014 Form 4, 4T, 5S, or 6 (apply first to

col. 1 and carry any unused balance to col. 2, then col. 3, etc.).

4 Installment amount (subtract line 3 from line 2). Enter here and on install-

ment vouchers.

Schedule C

Computation of Amended Installments Due

1 Enter amended estimated tax and economic development surcharge from Schedule A, line 8, column B

2 Enter:

a Amount of overpayment from 2014 Form 4, 4T, 5S, or 6 offset against installments paid to date

b Amount of payments made to date

3 Total of payments and credits claimed to date (add line 2a and line 2b)

4 Unpaid balance (subtract line 3 from line 1)

5 Enter the due dates of remaining installments due (from Schedule B,

line 1)

6 To determine the portion of line 4 to enter for each remaining

installment, see instructions under “Amended Installments”

7 Enter the balance of 2014 overpayment – total overpayment credited

from 2014 Form 4, 4T, 5S, or 6 less amount entered on line 2a

above (apply first to next installment due and carry any unused balance

to the next installment due, etc.)

8 Amended installments due (subtract line 7 from line 6)

Schedule D

Record of Payments

Total

1 2014 overpayment from Form 4, 4T, 5S, or 6

2 Date paid

3 Amount paid

4 Total 2015 payments (add line 1 and line 3)

Keep Schedules A Through D for Your Records

Amended Installments

d. If only the last installment is being amended, enter all of

Schedule C, line 4, on line 6.

If the original estimate of tax and surcharge liability is materi-

ally altered, you should amend remaining installment payments

to reflect the change in estimated tax and surcharge liability.

Interest on Underpayment of Estimated Tax and

Economic Development Surcharge

Complete column B of Schedule A to com pute your amended

If a required installment is not paid by its due date, 12% annual

estimated tax and surcharge and Schedule C to compute your

amended installments due.

interest may be imposed. The interest is computed on the under-

payment of each installment for the period of the underpayment.

Use Wisconsin Form U to compute underpayment interest.

Determine the amount to enter on Schedule C, line 6, as fol-

lows:

The period of the underpayment is the time from the due date

a. If all 4 installments are being amended, enter 1/4 of Schedule

of the installment to the earlier of either the date on which it is

C, line 4, for all 4 periods.

paid or the 15th day of the 3rd month (5th month for tax-exempt

b. If only the last 3 installments are being amend ed, enter 1/2 of

organizations) after the close of the taxable year.

Schedule C, line 4, on line 6 for the first amended installment

and 1/4 for each of the last 2 installments.

Underpayment interest will not be due if each required install-

ment is for the correct amount and is timely paid, and the total

c. If only the last 2 installments are being amend ed, enter 3/4

tax and surcharge paid meets one of the following:

of Schedule C, line 4, for the first amended installment and

1/4 for the last installment.

a. Is at least equal to 90% of the amount of tax and surcharge

shown on the 2015 franchise or income tax return filed.

Instructions For 2015 Wisconsin Form Corp-Es Page 2

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