Instructions For 2015 Wisconsin Form Corp-Es Page 3
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b. Is, for corporations with less than $250,000 of Wisconsin net
To apply, file Form 4466W, Corporation or Pass-Through Entity
income, 100% of the tax shown on the 2014 return (a 2014
Application for Quick Refund of Overpayment of Estimated
return must have been filed covering a full 12-month year).
Tax, after the end of the taxable year and before filing your
tax return. You must subtract refunds obtained through this
c. Is at least equal to 90% of the tax and surcharge figured by
process from the estimated tax and surcharge payments that
annualizing the taxable income earned for the months ending
you claim on your tax return. (Note: Exempt trusts cannot file
before the due date of the installment. (Note: Tax-exempt
Form 4466W.)
organizations may annualize income for the months of the
taxable year ending one month before the installment due
A corporation that has a tax or surcharge due when filing its tax
date.)
return as a result of receiving a “quick refund” will be charged
12% annual interest on the amount of unpaid tax or surcharge
Corporations that compute any installment using the an-
from the date the refund is issued to the earlier of the 15th day
nualized income installment me thod must increase the next
of the 3rd month after the close of the taxable year or the date
installment due which is not annualized by the amount which
the tax and surcharge liability is paid. Any tax or surcharge
the annualized installment was less than a or b above.
that remains unpaid after the unextended due date of the tax
return continues to be subject to 18% or 12% annual interest,
Corporations that file returns using the apportionment meth-
as appropriate.
od may use the apportionment percentage from the return
filed for the previous taxable year for computing annualized
Where to Obtain Assistance
income installments if (1) the previous year’s return is filed
If you need help, call (608) 266-0800 or contact any Depart-
by the due date of the
installment for which the income is
ment of Revenue office. Telephone help is also available using
being annualized, and (2) the apportionment percentage on
TTY equipment. Call the Wisconsin Telecommunications Relay
that return is greater than zero.
System at 711 or, if no answer, (800) 947-3529. These numbers
are to be used only when calling with TTY equipment.
A multistate corporation that has at least $250,000 of Wis-
consin net income may use the apportionment percentage
PAYMENT INSTRUCTIONS
from its return filed for the previous taxable year for comput-
ing annualized income installments if (1) the previous year’s
You may make estimated tax and surcharge payments using
return is filed by the due date of the 3rd installment, (2) the
electronic funds transfer (EFT) or through
My Tax Account
, the
apportionment
percentage on that return is greater than zero,
department’s free electronic filing option. If making estimated
and (3) the apportionment percentage used in computing
payments by EFT, do not complete and submit Form Corp-ES.
the first 2 installments is not less than the apportionment
For more information and EFT registration forms, visit the De-
percentage used on that return.
partment’s web site at ,
e-mail eft@revenue.wi.gov, call (608) 264-9918, or write to the
Underpayment interest will be increased or decreased based
EFT Unit, Wisconsin Department of Revenue, PO Box 8949,
on any changes made to the tax and surcharge originally re-
Madison, WI 53708-8949. For EFT payments of estimated tax,
ported.
enter the last day of your taxable year, not the last day of the
quarter, for which the payment is being made.
Refunds of Estimated Tax and Economic Development
Surcharge Payments
Otherwise, make your check payable to the Wisconsin Depart-
ment of Revenue, and mail your estimated tax voucher and
If your installment payments and credits exceed the tax and
payment to:
surcharge liability for 2015, the overpayment may be refunded,
or all or part may be credited to your 2016 estimated tax and
Wisconsin Department of Revenue
surcharge with any remainder being refunded.
PO Box 930208
Milwaukee, WI 53293-0208
A corporation that has overpaid its estimated tax and surcharge
may apply for a refund before filing its tax return if the overpay-
Do not mail your 2015 estimated tax voucher with your franchise
ment is
or income tax return. They are to be mailed to different locations.
a. at least 10% of its estimated Wisconsin franchise or income
tax and surcharge liability and
b. at least $500.
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