Instructions For 2008 Wisconsin Form 4-Es - Corporation Estimated Tax
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3Instructions for 2008 Wisconsin Form 4-ES – Corporation Estimated Tax
If the requirement
GENERAL INSTRUCTIONS
is met after:
Payment is due:
Purpose of Form
February 29 and
Corporations use the 2008 Form 4-ES to make estimated tax
before June 1 . . . . . . . . June 16
and recycling surcharge payments for taxable years that begin
May 31 and
in 2008.
before September 1 . . . September 15
Caution: Do not use Form 4-ES to make composite estimated
August 31 . . . . . . . . . . . . December 15
payments on behalf of nonresident shareholders, partners, or
members of tax-option (S) corporations, partnerships, or LLCs
If the first payment required to be made is due
treated as partnerships. Instead, use Wisconsin Form PW-1,
June 16, enter 1/2;
Wisconsin Nonresident Income or Franchise Tax Withholding
September 15, enter 3/4;
on Pass-Through Entity Income.
December 15, enter all
of the estimated tax and surcharge due (Schedule A, line 8) on
Tax-exempt corporations and trusts filing Form 4T, Exempt
Schedule B, line 2, in the appropriate column.
Organization Business Franchise or Income Tax Return use
Form 4-ES to make estimated payments with respect to their
Corporations filing returns on other than a calendar-year basis
unrelated business taxable income. The corporate estimated
should substitute the 15th day of the 3rd, 6th, 9th, and 12th
tax rules apply to tax-exempt organizations except as noted in
months of the taxable year for the payment due dates of
these instructions.
March 17, June 16, September 15, and December 15, respec-
tively. Likewise, the last day of the 2nd, 5th, and 8th months
If you receive an extension of time to file your return, use a
should be substituted for February 29, May 31, and August 31,
voucher for making an estimated tax and surcharge payment by
for purposes of determining when the filing requirement is first
the unextended due date of the return. If you did not receive
met.
vouchers by mail, you may obtain personalized vouchers by
downloading them from the Department’s web site at
Short Taxable Year
or by calling (608) 266-
No estimated tax and surcharge installment is required if the
1961.
short taxable year is a period of 1 month or less. If the short
taxable year is more than 1 month, installments are due as
Federal Employer Identification Number
shown:
Enter the corporation’s federal employer identification number
(EIN). If you have not yet applied for a federal EIN, you may do so
Number of
Number of
Installment
by filing federal Form SS-4 with the Internal Revenue Service,
Months in Short
Required
Due
calling (800) 829-4933, or applying online at
Taxable Year
Installments
Dates
Who Must Pay Estimated Tax and Recycling Surcharge
2-3
1
D
4-6
2
A
D
Corporations must make estimated tax and surcharge install-
7-9
3
A B
D
ment payments if the sum of the net tax and recycling surcharge
10-11
4
A B C D
for the taxable year that begins in 2008 will be $500 or more.
A = the 15th day of the 3rd month of the taxable year
Exception: You do not have to make estimated payments if the
taxable year that began in 2007 was a taxable year of 12 months,
B = the 15th day of the 6th month of the taxable year
you did not have any liability for tax for the taxable year that
C = the 15th day of the 9th month of the taxable year
began in 2007, and you will have net income of less than
$250,000 for the taxable year that begins in 2008.
D = the 15th day of the last month of the taxable year
For a tax-option (S) corporation, net income for purposes of the
For more information, see section Tax 2.89, Wisconsin Admin-
$250,000 threshold is the amount of federal, state, and munici-
istrative Code.
pal government interest (after apportionment) taxed at the
corporate level.
New Corporations
The first franchise or income tax return filed by a corporation is
When to Pay Estimated Tax and
considered to cover an entire 12-month period for purposes of
Recycling Surcharge
determining estimated tax and surcharge installment due dates,
even though the corporation’s first year of Wisconsin operations
In general, the first estimated tax and surcharge payment is due
may cover less than 12 months.
the 15th day of the 3rd month of the taxable year and is equal to
1/4 of the total estimated tax and surcharge due (1/4 of the
The portion of the estimated tax and surcharge due for each
amount on Schedule A, line 8). The payment amounts and due
dates for a calendar-year corporation that first meets the filing
payment period varies, depending on the number of installments
required. If 3 installments are required, 1/2 of the estimated tax
requirements after February 29 are as follows:
and surcharge is due for the first installment and 1/4 is due for
each of the 2 remaining installments.
DC-045A
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