Filing Claims For Refund Of Sales Or Use Tax Form - Publication 216 Page 12
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21Publication 216
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On August 20, 2000, Seller U files a claim for
Four years from the unextended due
refund for the $100 of overpaid sales tax. The
date of the buyer’s income or fran-
Department of Revenue pays the refund to
chise tax return or if exempt from
Seller U on October 31, 2000.
filing Wisconsin income or franchise
tax returns, within four years of the
The period for which interest is computed is
15th day of the 4th month of the year
July 31,
1999
to
October 31,
2000
following the close of the calendar or
(15 months). The interest portion of the re-
fiscal year (or date extended by
fund is computed as follows:
waiver under sec. 77.59(3m), Wis.
Stats. (1997-98)).
15 months x .09 x $100 = $11.25
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Date the amount of the notice of de-
12 months
termination is paid (this does not
B. Refunded to Buyer
include
deposits
of
tax
under
sec. 77.59(6)(c), Wis. Stats. (1997-
1. Tax Paid to Department — The period for
98), while appeal is pending).
which interest is computed begins on the un-
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extended due date of the buyer’s sales and
60 days after the date the buyer re-
use tax return (or the buyer’s consumer use
ceived the Resolution Unit’s notice of
tax return) for the period in which the pur-
redetermination, even though the
chase was made, and ends on the date the
buyer files the appeal with the Wis-
refund is paid.
consin Tax Appeals Commission
before the 60 days have expired.
Example: On January 22, 2000, Buyer V
files its December 1999 sales and use tax
V. INTEREST
return. The unextended due date of
Buyer V’s December 1999 sales and use
When sales or use tax is refunded, interest at 9% per
tax return is January 31, 2000.
year is paid with the refund, computed as follows:
Subsequently, Buyer V determines that it
A. Refunded to Seller
overpaid its use tax by $500 and files a
claim for refund with the Wisconsin De-
The period for which interest is computed begins
partment of Revenue for the $500 of
on the unextended due date of the seller’s sales
overpaid use tax. The Department of
and use tax return for the period in which the sale
Revenue pays the refund to Buyer V on
was made, and ends on the date the refund is
September 30, 2000.
paid.
The period for which interest is computed
Example: On July 15, 1999, Seller U files its
is January 31, 2000 to September 30,
June 1999 sales and use tax return, and pays
2000 (eight months). The interest portion
the tax due of $500 reported on the return.
of the refund is computed as follows:
The unextended due date of Seller U’s June
1999 sales and use tax return is July 31, 1999.
8 months x .09 x $500 = $30
12 months
Subsequently, Seller U determines that it
overreported its gross receipts on its June
2. Tax Paid to Seller — Interest is computed
1999 sales and use tax return, resulting in a
from the last day of the month following the
$100 overpayment of sales tax.
month in which the tax was paid by the buyer
to the seller, to the date the refund is paid.
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