Schedule Ec - Enterprise Zone Jobs Credit - 2013 Page 2
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22013 Schedule EC
2 of 2
Page
• Fiduciaries who file Form 2 must complete lines 3a
Caution
and 3b .
• The credit you compute on Schedule EC is income
Line 3a: Fiduciaries – Prorate the credit from line 3
and must be reported on your Wisconsin franchise
between the entity and its beneficiaries in proportion to
or income tax return in the year computed .
the income allocable to each. Show the beneficiaries’
• The enterprise zone jobs credit is not allowable for
portion of the credit on line 3a . Show the credit for
each beneficiary on Schedule 2K-1.
expenditures which are included in the basis for
another Wisconsin income or franchise tax credit,
Line 3b: Fiduciaries – Subtract line 3a from line 3 .
such as the research expense credit .
This is the estate’s or trust’s portion of the credit . Enter
• If you recklessly or fraudulently claim a false credit,
the amount of credit from line 3b on the appropriate
line of Schedule CR .
you may be ineligible to claim it for up to 10 years
and you may owe a penalty . See pages 24 and 25
of
Wisconsin Tax Bulletin #180
for further details .
Required Attachments to Return
Specific Instructions
File your completed Schedule EC with your Wis-
consin franchise or income tax return . Also include
a copy of your certification to claim tax benefits and
Line 1: Fill in the total amount of enterprise zone jobs
the verification of your expenses, which you obtain
credit awarded and released to you by the WEDC,
from the WEDC . Shareholders of tax-option (S)
as computed by the WEDC .
corporations, partners of partnerships, members of
LLCs treated as partnerships, and beneficiaries of
Line 2: If applicable, fill in the entity name, Federal
estates or trusts must file a copy of Schedule 5K-1,
Employer Identification Number (FEIN), and the
3K-1, or 2K-1, as appropriate, with Schedule EC
amount of enterprise zone jobs credit passed
instead of the certification to claim tax benefits and
through from tax-option (S) corporations (from
verification of expenses.
Schedule 5K-1), partnerships and LLCs treated as
partnerships (from Schedule 3K-1), and estates and
trusts (from Schedule 2K-1) .
Additional Information
Line 3: Add lines 1 and 2d . This is the total current
For more information, you may:
year enterprise zone jobs credit . Enter the amount
of credit from line 3 on the appropriate line of
• E-mail your question to
corp@revenue .wi .gov
Schedule CR . See the following exceptions:
• Call (608) 266-2772 [TTY: Call the Wisconsin
• If the claimant is a combined group member,
Telecommunications Relay System at 711 . If no
enter the amount of credit on Form 4M instead of
answer, dial 1-800-947-3529]
Schedule CR .
• Send a FAX to (608) 267-0834
• Tax-option (S) corporations, partnerships, and
LLCs treated as partnerships should prorate the
• Write to the Audit Bureau, Wisconsin Department of
amount of credit on line 3 among the shareholders,
Revenue, Mail Stop 5-144, PO Box 8906, Madison,
partners, or members based on their ownership
WI 53708-8906 .
interest . Show the credit for each shareholder on
Schedule 5K-1 and for each partner or member
on Schedule 3K-1 .
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