Form 5 - Wisconsin Corporation Franchise Or Income Tax Return - 1998 Page 2
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1998 Form 5
Schedule V – Additions to Federal Income
Schedule Y – Deductible Dividends
(See instructions, page 6)
(See instructions, page 8)
1 Interest income from state and municipal obligations
1 Name of payor corporation:
2 State taxes accrued or paid
3 Environmental and windfall profit taxes accrued or paid
4 Expenses related to nontaxable income
5 Percentage depletion
6 Federal depreciation/amortization in excess of Wisconsin
depreciation/amortization
7 Amount by which the federal basis of assets disposed of
exceeds the Wisconsin basis
8 Manufacturer’s sales tax credit (see instructions)
2 Subtotal
9 Research credits computed (from Sch. R, lines 15 or 28
3 Subtract foreign taxes
and 32)
4 Total deductible dividends (enter on Schedule W, line 1)
10 Development zones credit computed (from Sch. DC, line 5)
11 Community development finance credit (from Sch. C1,
Schedule Z – Manufacturer’s Sales Tax Credit
line 5)
(See instructions, page 9)
12 Farmland preservation credit (from prior Sch. FC, line 16)
1 Cost of fuel and electricity purchased for use in Wisconsin
13 Farmland tax relief credit (from prior Sch. FT, line 6)
(including sales and use taxes paid thereon)
14 Other:
2 Cost of fuel and electricity included in line 1 above
purchased for purposes other than manufacturing
15 Total (enter on page 1, line 2)
(including sales and use taxes paid thereon)
3 Subtract line 2 from line 1
Schedule W – Subtractions From Federal Income
(See instructions, page 8)
4 County and stadium sales and use taxes included in line 3
1 Wisconsin dividends received deduction (from Sch. Y)
5 Subtract line 4 from line 3
2 Subpart F income
6 Purchases included in line 5 on which no Wisconsin sales
3 Gross-up of foreign dividend income
or use taxes were paid
4 Nontaxable income (attach schedule)
7 Subtract line 6 from line 5
5 Foreign taxes (do not include deemed taxes)
8 Divide line 7 by 21. This is state sales and use tax
6 Cost depletion
9 County and stadium sales and use taxes from line 4
7 Wisconsin depreciation/amortization in excess of federal
10 Add lines 8 and 9. This is the 1998 sales tax credit
depreciation/amortization
11 Credit passed through from other entities (Sch. Z-1, col. f)
8 Amount by which the Wisconsin basis of assets disposed of
12 Unused 1983 through 1997 sales tax credit
exceeds the federal basis
13 Add lines 10 through 12. This is the available sales tax
9 Federal work opportunity credit wages
credit (enter on Schedule C1, line 1)
10 Federal research credit expenses
Schedule C1 – Nonrefundable Credits
11 Other:
(See instructions, page 9)
1
Manufacturer’s sales tax credit (Sch. Z, line 13)
12 Total (enter on page 1, line 4)
2
Research expense credit (Sch. R, line 30)
3
Development zones research credit (Sch. DC, line 41)
Additional Information Required
4
Research facilities credit (Sch. R, line 34)
1 Person to contact concerning this return:
5
Community development finance credit
Phone #:
Fax #:
6
Development zones jobs credit (Sch. DC, line 51)
2 City and state where books and records are located for audit purposes:
7
Development zones sales tax credit (Sch. DC, line 54)
8
Development zones investment credit (Sch. DC, line 57)
9
Development zones location credit (Sch. DC, line 60)
3 Attach a list of limited liability companies of which you are the sole owner. Have you
10
Development zones day care credit (Sch. DC, line 63)
included the incomes of these entities in this return?
Yes
No
11
Development zones environmental remediation credit
4 If you sold to or purchased from any related taxpayers (see IRC section 267), enter
(Sch. DC, line 66)
approximate amount of such sales $
and
12
Development zones credit (Sch. DC, line 5)
purchases $
, and attach an explanation of how transfer
13
Supplement to federal historic credit (Sch. HR, line 7)
prices were determined.
14 Add lines 1 through 13 (enter on page 1, line 9)
5 Did you purchase any taxable tangible personal property or taxable services for storage,
Schedule C2 – Refundable Credits
use, or consumption in Wisconsin without payment of a state sales or use tax?
(See instructions, page 10)
Yes
No
If yes, you owe Wisconsin use tax.
1
Farmland preservation credit (Sch. FC, line 16)
6 Did any adjustments made by the Internal Revenue Service to your income for prior years
2
Farmland tax relief credit (Sch. FT, line 6)
become finalized during this year?
Yes
No
If yes, see General
3 Add lines 1 and 2 (enter on page 1, line 14)
Instructions, page 4, and indicate years adjusted:
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