Instructions For 2015 Schedule 4w: Wisconsin Subtractions From Federal Income (Page 3 of 3) in pdf

Schedule 4W Instructions



Also enter the amount by which the Wisconsin deduc-

Adjustments required as a result of making differ-

tion for depreciation or amortization exceeds the fed-

ent elections for Wisconsin and federal purposes.

eral deduction for depreciation or amortization. Include



Separately stated items of expense and adjust-

a schedule showing the computation details.

ments for differences between the federal and

Wisconsin treatment of any items of an S corpora-

These differences can happen because of IRC sec-

tion that opts out of Wisconsin tax-option status.

tions not adopted for Wisconsin purposes and electing

a different depreciation method under the Internal



For credit unions, an adjustment to remove in-

Revenue Code in effect for Wisconsin purposes.

come from non-public deposits from Wisconsin in-

come as described in the instructions to Sched-

ule CU-1.

■ Line 10. Basis Differences – Enter the amount by

which the Wisconsin basis of assets disposed of ex-

■ Line 14. Nontaxable Income from Life Insurance

ceeds the federal basis. See the instructions for

Operations – If the corporation is an insurance com-

Schedule 4V, line 7, for an example. Provide a sched-

pany that has both life insurance operations and non-

ule showing the computation details.

life insurance operations, enter the amount of nontax-

able income from life insurance operations as com-

■ Line 11. Federal Work Opportunity Credit Wages

puted on Schedule 4I, line 13. See the Schedule 4I in-

– Enter wages that aren’t deductible in computing fed-

structions for details.

eral income because they are being used in computing

the federal work opportunity tax credit.

■ Line 12. Federal Research Credit Expenses – En-

ter research expenses that aren’t deductible in compu-

ting federal income because they are being used in

computing the federal credit for increasing research

activities.

■ Line 13. Other Subtractions – Enter any other sub-

tractions from federal income, except for the insurance

company adjustment reportable on line 14. These

other subtractions may include:



Adjustments required as a result of changes made

to the Internal Revenue Code which don’t apply for

Wisconsin.

Additional Information and Assistance



Web Resources. The Department of Revenue has a

Call (608) 266-2772

web page with a library of common questions on gen-

(Telephone help is also available using TTY equipment. Call

the Wisconsin Telecommunications Relay System at 711 or, if

eral

business

tax

topics,

available

at:

reve-

no answer, (800) 947-3529. These numbers are to be used

nue.wi.gov/faqs/index.html

only when calling with TTY equipment.)



Send a fax to (608) 267-0834

Contact Information. If you cannot find the answer to



your question in the resources available on the Depart-

Write to the Audit Bureau, Wisconsin Department

ment of Revenue’s web page, contact the Department

of Revenue, Mail Stop 3-107, PO Box 8906,

Madison, WI 53708-8906

using any of the following methods:



E-mail your question to

DORFranchise@reve-

nue.wi.gov

IC-124

Instructions For 2015 Schedule 4w: Wisconsin Subtractions From Federal Income Page 3

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