Schedule Jt - Wisconsin Jobs Tax Credit - 2012 Page 2
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2Schedule JT
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Page
Specific Line Instructions
Line 9: Add lines 5 and 8 (5b and 8 for fiduciaries).
Enter the amount of credit from line 9 on the
Line 1: Enter the amount of wage tax benefits
appropriate line of Schedule CR . If the claimant is a
combined group member, enter the amount of credit
reported on the notice of eligibility received from
from line 9 on Form 4M instead of Schedule CR .
the WEDC .
Line 2: Enter the amount awarded by the WEDC for
Required Attachments to Return
costs incurred to undertake training activities .
Line 4: Enter the amount of jobs tax credit
File your completed Schedule JT with your Wisconsin
passed through from tax-option (S) corporations,
franchise or income tax return . Also include a copy of
your certification to claim tax benefits and the notice
partnerships, LLCs treated as partnerships, estates,
of eligibility that reports the amount of tax benefits
or trusts . The pass-through credit is shown on
Schedule 5K-1 for shareholders of tax-option (S)
that you obtain from the WEDC . Shareholders of
tax-option (S) corporations, partners of partnerships,
corporations, Schedule 3K-1 for partners and LLC
members, and Schedule 2K-1 for beneficiaries of
members of LLCs treated as partnerships, and
beneficiaries of estates or trusts must file a copy of
estates or trusts .
Schedule 5K-1, 3K-1, or 2K-1, as appropriate, with
Schedule JT instead of the certification to claim tax
Line 5: This is the total current year jobs tax credit .
benefits and notice of eligibility.
•
If the claimant is a combined group member,
enter the amount of credit on Form 4M instead
of Schedule CR .
Additional Information
Special Instructions for Pass-Through Entities:
For more information, you may:
•
•
E-mail your question to
Tax-option (S) corporations, partnerships,
corp@revenue .wi .gov
and LLCs treated as partnerships: Prorate the
•
Call (608) 266-2772 [TTY: Call the Wisconsin
jobs tax credit on line 5 among the shareholders,
partners, or members . Show the credit for each
Telecommunications Relay System at 711]
shareholder on Schedule 5K-1 and for each
•
Send a FAX to (608) 267-0834
partner or LLC member on Schedule 3K-1 .
Fiduciaries: Complete lines 5a and 5b .
•
•
Write to the Audit Bureau, Wisconsin Department
of Revenue, Mail Stop 5-144, PO Box 8906,
Line 5a: Fiduciaries - Prorate the credit from
Madison WI 53708-8906 .
line 5 between the entity and its beneficiaries in
proportion to the income allocable to each . Show the
beneficiaries’ portion of the credit on line 5a. Show
the credit for each beneficiary on Schedule 2K-1.
Line 5b: Fiduciaries - Subtract line 5a from line 5 .
This is the estate or trusts portion of the credit . Enter
the amount of credit from line 5b on the appropriate
line of Schedule CR .
Line 6: Enter the amount of your 2010 jobs tax credit
that was not used to offset tax on your 2010 return .
Line 7: Enter the amount of your 2011 jobs tax credit
that was not used to offset tax on your 2011 return .
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