Instructions For Form 3 - Wisconsin Partnership Return

General Instructions

Page 4

(continued)

Form 3S must be filed by the due date, including extensions, for filing

partnership income or loss may file a combined individual and fiduci-

ary income tax return on behalf of those partners. The partnership

Form 3. However, the temporary recycling surcharge must be paid by

the 15th day of the 4th month following the close of the taxable

files this return on Form 1CNP.

period, regardless of the due date of the return.

A partner may not participate in this combined return if–

Caution: Don’t mail Form 3S with Form 3. The forms are to be

• The partner is an estate or trust that has distributable income in the

mailed to different addresses.

current year.

A partnership that expects to owe at least $200 of temporary recycling

• The partner is a partnership or corporation.

surcharge must make estimated surcharge installment payments using

Form 3S-ES. Failure to make required estimated surcharge payments

• The partner files his or her individual or fiduciary income tax

may result in an interest charge. Use Form 3U, Underpayment of

return on a fiscal year basis.

Estimated Temporary Recycling Surcharge by Partnerships, to figure

• The partner is a Wisconsin resident during any part of 1998.

the amount of interest owed.

• The partner derives taxable income from Wisconsin in 1998 other

For more information, see Publication 400, Wisconsin’s Temporary

than his or her distributive share of partnership income or loss

Recycling Surcharge. The publication and Forms 3S, 3S-ES, and 3U

from one partnership.

may be obtained from any Department of Revenue office.

Each qualifying and participating partner’s distributive share of

Note: The temporary recycling surcharge is scheduled to expire for

partnership income or loss for a partnership’s taxable year ending

taxable years ending on or after April 1, 1999. If the partnership’s

between January 31, 1998, and December 31, 1998, is reported on a

1999 taxable year ends on or after April 1, 1999, no estimated tempo-

1998 Form 1CNP. In addition, if the partner is subject to the tempo-

rary recycling surcharge payments are due for that taxable year or

rary recycling surcharge, the surcharge is reported on Form 1CNP.

taxable years thereafter.

The combined return replaces the separate 1998 Wisconsin individual

or fiduciary income tax returns that otherwise would be filed by each

Combined Return for Nonresident Partners

of the qualifying and participating nonresident partners. The 1998

Form 1CNP is due on April 15, 1999.

A partnership that operates in Wisconsin and has two or more non-

resident partners who derive no taxable income or deductible loss

You may obtain Form 1CNP from any Department of Revenue office.

from Wisconsin other than their distributive shares of the Wisconsin

Line-by-Line Instructions

Caution: The Internal Revenue Service hasn’t finalized Form 1065-

F. Partnership Terminated — Check the box if the partnership

B at the time of this printing. If you file Form 1065-B, contact the

terminated during the taxable year.

Department of Revenue for more information.

G. Request for 1999 Forms — Check the box if you want the

The numbering corresponds with the line numbers on Form 3, unless

department to send you 1999 partnership forms.

otherwise indicated.

I. Check the box indicating which type of entity is filing this

Period Covered — File a 1998 Wisconsin return for calendar

return. If your entity is not one of the types listed, check the

year 1998 and fiscal years that begin in 1998. For a fiscal year or

“Other” box and indicate the type of entity.

short taxable year, fill in the taxable year beginning and ending

dates in the taxable year space at the top of the form.

IMPORTANT – The Wisconsin partnership law is based on the

federal Internal Revenue Code. However, Wisconsin income

Name and Address — If the front cover of your booklet has a

must be figured using the Internal Revenue Code as amended to

mailing label with the partnership’s name and address, remove the

December 31, 1997.

label and place it in this area. Make any necessary corrections on

the label. If you didn’t receive a booklet with a label, print or type

Federal law changes enacted after December 31, 1997, generally

the partnership’s name and address.

won’t apply for Wisconsin purposes unless subsequently adopted

A, B, and C. Identifying Numbers — Enter the partnership’s

by the Wisconsin Legislature, except for depreciation and amor-

federal employer identification number (EIN), Wisconsin seller’s

tization as noted below.

permit, use tax, or consumer’s use tax number, and Wisconsin

employer identification (withholding) number.

For assets placed in service in 1998, you may compute deprecia-

tion or amortization under the same method as for federal

D and H. Contact Person — Enter the name and telephone

purposes, rather than under the Internal Revenue Code as

number of the person the department should contact with any ques-

amended to December 31, 1997.

tions regarding this return.

Show adjustments necessary to account for any differences be-

E. Amended Return — Check the box if this is an amended

tween amounts reportable for federal and Wisconsin purposes on

return.

Schedule 3K, column c.

Instructions For Form 3 - Wisconsin Partnership Return - 1998 Page 4

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