Form 3u - Underpayment Of Estimated Recycling Surcharge By Partnerships - 2006 Page 2
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2006 Form 3U
Page
Part II
Annualized Income Installment Method Worksheet
Annualization Period
Complete one column through line 31 before
completing the next column.
(a) First 3 months (b) First 5 months (c) First 8 months
(d) 12 months
19 Enter Wisconsin nonfarm net business income for
each period shown . . . . . . . . . . . . . . . . . . . . . . . . .
20 Annualization factor . . . . . . . . . . . . . . . . . . . . . . . .
4
2.4
1.5
1
21 Multiply line 19 by line 20 . . . . . . . . . . . . . . . . . . . .
22 Multiply line 21 by 0.2% (0.002). Do not
enter less than $25 or more than $9,800. This is
your annualized recycling surcharge . . . . . . . . . . .
22.5%
45%
67.5%
90%
23 Applicable percentage . . . . . . . . . . . . . . . . . . . . . .
24 Multiply line 22 by line 23 . . . . . . . . . . . . . . . . . . . .
25 Enter the combined amounts of line 31 from all
preceding columns . . . . . . . . . . . . . . . . . . . . . . . . .
26 Subtract line 25 from line 24 . . . . . . . . . . . . . . . . .
27 Divide Part I, line 4, by 4 and enter the result in
each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28 Enter the amount from line 30 from the
preceding column . . . . . . . . . . . . . . . . . . . . . . . . . .
29 Add lines 27 and 28 and enter the total . . . . . . . . .
30 If line 29 is more than line 26, subtract line
26 from line 29. Otherwise, enter zero . . . . . . . . . .
31 Enter the smaller of line 26 or line 29 here
and on Part I, line 5 . . . . . . . . . . . . . . . . . . . . . . . .
Return to Page 1
Instructions for Form 3U
Purpose of Form – Partnerships, including limited liability
Lines 9 and 10. Complete these lines only if you have an
companies treated as partnerships, use Form 3U to
overpayment on line 8 for one or more installment periods.
determine if they are subject to interest for underpayment of
An overpayment may be carried back to the immediately
estimated recycling surcharge and, if so, the amount of
preceding installment period and offset against an under-
interest. A partnership must have made estimated recycling
payment for that period. Any remaining overpayment may be
surcharge payments if its recycling surcharge for the taxable
carried back to prior installment periods. If an underpayment
year beginning in 2006 is $200 or more.
does not exist in a prior period, carry forward the overpay-
ment to the next period.
Part I – Compute any underpayment of required installments
and the amount of interest due in Part I. Required install-
Line 11. If line 11 does not show an underpayment, and if
ments are based on the smaller of (1) 90% of 2006 recycling
line 9 does not show a carryback of an overpayment, you do
surcharge, (2) 100% of 2005 recycling surcharge, provided
not need to complete the form because you don’t owe any
the 2005 return covered an entire 12-month period, or (3)
underpayment interest. If line 11 shows an underpayment, or
90% of the recycling surcharge figured by annualizing in-
if line 9 shows a carryback of an overpayment, continue with
come.
lines 12 through 18.
For fiscal year filers, estimated recycling surcharge pay-
Line 18. Combine the amounts from all of the columns on
ments are due the 15th day of the 4th, 6th, and 9th months
lines 16 and 17 and enter the total on line 18 and on Form 3S,
of the taxable year and the 15th day of the first month
line 7.
following the close of the taxable year.
Part II – If you compute one or more installments under the
Line 1. Enter the amount from 2006 Form 3S, line 5.
annualized income installment method, complete Part II and
enter the amounts from line 31 on Part I, line 5.
Line 6. Enter the amount of estimated recycling surcharge
that you paid for each installment period.
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