Schedule Cu-1 - Credit Union Adjustment To Income

■ Line 4. Credit Union’s Modified Net Income –

■ Line 8. Expenses Directly Related to Income

Enter the credit union’s income or loss as reported on

from Non-Public Deposits – Enter the total ex-

Form 4, line 1, plus its total addition modifications

penses directly related to income from non-public

from Schedule V and minus its subtraction modifica-

deposits. Do not include any indirect expenses or

tions from lines 1 through 13 of Schedule W (since

expenses related directly to income from public de-

you will enter your total from Schedule CU-1 on

posits.

Schedule W, your total on Schedule W will not yet be

■ Line 9. Total Adjustment to Income – If the net

complete).

income from non-public deposits is a loss amount,

If the credit union is a member of a combined group,

enter the loss on line 9 as a negative number and

enter the credit union’s net income or loss included in

also as a negative number on Schedule W, line 13.

the amount reported on Form 4, line 1, and only ad-

The loss from non-public deposits is addition to fed-

just the credit union’s net income or loss for addition

eral income even though it is reported along with the

and subtraction modifications that are attributable to

subtractions on Schedule W.

the credit union.

CAUTION: If the credit union has a net loss from

■ Line 5. Expenses Directly Related to Income

non-public deposits, enter that amount as a

from All Deposits – Enter the total expenses directly

negative number on Schedule W, line 13.

related to income from deposits. Include expenses

directly related to income from public deposits and

expenses directly related to income from non-public

deposits.

Additional Information and Assistance

Contact Information. If you cannot find the answer

Web Resources. The Department of Revenue has a

web page dedicated to combined reporting issues,

to your question in the resources available on the

including:

Department of Revenue’s web page, contact the De-

partment using any of the following methods:

•

Frequently asked questions

•

E-mail your question to corp@revenue.wi.gov

•

Training materials

•

Call (608) 266-2772

•

Links to Administrative Code sections that relate

(Telephone help is also available using TTY equipment. Call

to combined reporting

the Wisconsin Telecommunications Relay System at 711 or, if

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

•

Articles about transitional issues

only when calling with TTY equipment.)

•

Send a fax to (608) 267-0834

Access the combined reporting web page at:

•

Write to the Audit Bureau, Wisconsin Department

of Revenue, Mail Stop 5-144, P.O. Box 8906,

For questions that do not relate to combined report-

Madison, WI 53708-8906

ing, the web page also has a library of frequently

asked questions on general business tax topics,

available at:

Schedule Cu-1 - Credit Union Adjustment To Income - 2010 Page 3

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