Instructions For Form 3 - Wisconsin Partnership Return - 1998 Page 3

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General Instructions
(continued)
Page 3
completed copy of the appropriate federal extension application form
Internal Revenue Service Adjustments
or a statement explaining which federal extension provision you are
and Amended Returns
using.
If a partnership’s federal tax return is adjusted by the Internal Reve-
nue Service (IRS) and such adjustments affect the Wisconsin net tax
How to Obtain Forms
payable, the amount of a Wisconsin credit, a Wisconsin net operating
If you need forms or publications, you may:
loss carryforward, or a Wisconsin capital loss carryforward of a
partner, you must report such adjustments to the department within 90
• call (608) 266-1961
days after they become final.
• write to the Forms Request Office, Wisconsin Department of
Revenue, P.O. Box 8903, Madison, WI 53708-8903
In addition, each partner must file an amended Wisconsin income tax
• use your fax telephone to call the department’s Fax-A-Form
return reporting his or her share of each adjustment made by the IRS
Retrieval System at (608) 261-6229
to the partnership return.
• download forms and publications from the department’s Internet
website at
If the partnership and the partners file amended federal returns and
• use the Tax Forms and Publications Request Form on the depart-
the changes affect the Wisconsin net tax payable, the amount of a
ment’s Internet website
Wisconsin credit, a Wisconsin net operating loss carryforward, or a
• call or visit any Department of Revenue Office
Wisconsin capital loss carryforward of a partner, both the partnership
and the partners must file amended Wisconsin returns with the de-
How to Obtain Assistance
partment within 90 days after filing the amended federal returns.
If you need help in preparing a partnership tax return, you may:
Send a copy of the final federal audit reports and amended returns to
the Wisconsin Department of Revenue, P.O. Box 8991, Madison, WI
• call (608) 266-2772 [TTY (608) 267-1049]
53708-8991. Do not attach these items to the return for the current
• write to the Audit Bureau, Wisconsin Department of Reve-
year.
nue, P.O. Box 8906, Madison, WI 53708-8906
• call or visit any Department of Revenue office
Temporary Recycling Surcharge
For taxable years ending after April 1, 1991, and ending before
Period Covered by Return
April 1, 1999, partnerships that must file a Wisconsin partnership
return and do business in Wisconsin are subject to a temporary recy-
The return must cover the same period as the partnership’s federal
cling surcharge, with certain exceptions.
income tax return. File a 1998 Wisconsin return for calendar year
1998 and fiscal years that begin in 1998.
The surcharge doesn’t apply to:
If a partnership elects, under IRC section 444, to have a taxable year
• Partnerships whose 1998 taxable year ends on or after April 1,
other than a required taxable year, that election also applies for Wis-
1999.
consin. Unlike for federal purposes, the partnership doesn’t have to
make a required payment of tax as provided in IRC section 7519.
• Partnerships not engaged in farming with less than $4,000 of gross
receipts from all trade or business activities for federal income tax
Accounting Methods
purposes.
Figure ordinary income by the accounting method regularly used in
• Partnerships engaged solely in farming with less than $1,000 of
maintaining the partnership’s books and records. The method may
net farm profit for federal income tax purposes.
include the cash receipts and disbursements method, an accrual
• Partnerships engaged in both farming and other trade or business
method, or any other method permitted by the Internal Revenue Code
activities with less than $4,000 of gross receipts from all nonfarm
in effect for Wisconsin. The method must clearly reflect income.
trade or business activities for federal income tax purposes and
less than $1,000 of net farm profit for federal income tax pur-
Information Returns That May Be Required
poses.
Form 9b
Report of rents, royalties, and miscellaneous compensa-
A syndicate, pool, joint venture, or similar organization that isn’t
tion paid to individuals. (Note: You may use federal
required to file a Wisconsin partnership return because it has elected
Forms 1099 instead of Forms 9b. Mail Forms 1099 to the
under IRC section 761(a) not to be treated as a partnership isn’t
Wisconsin Department of Revenue, P.O. Box 59, Madi-
subject to the temporary recycling surcharge.
son, WI 53785-0001.)
Single-owner LLCs that are disregarded as separate entities are not
If you must file federal information returns on magnetic media and
required to file Form 3S. The owner is required to include the in-
you file at least 250 Forms 9b with Wisconsin, you generally must file
come and expenses of the disregarded entity when computing the
Forms 9b on magnetic media. For more information, call (608) 267-
owner’s surcharge due.
3327 or write to the Bureau of Information Systems, Wisconsin
Department of Revenue, P.O. Box 8903, Madison, WI 53708-8903.
Partnerships figure the temporary recycling surcharge on Form 3S. A
partnership that filed a return for the prior taxable year should auto-
matically receive Form 3S. The temporary recycling surcharge is
based on a partnership’s net business income and ranges from $25 to
$9,800.

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