Instructions for Form IC-020 Schedule ET-OS Credit for Net Tax Paid to Another State - Wisconsin

Form IC-020 Schedule ET-OS Credit for Net Tax Paid to Another State - Wisconsin

This document contains official instructions for Form IC-020 Schedule ET-OS, Credit for Net Tax Paid to Another State - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form IC-020 Schedule ET-OS is available for download through this link.

FAQ

Q: What is Form IC-020?A: Form IC-020 is a schedule used in Wisconsin to claim a credit for net tax paid to another state.

Q: What is Schedule ET-OS?A: Schedule ET-OS is a specific part of Form IC-020 used to calculate the credit for net tax paid to another state.

Q: What is the purpose of the credit for net tax paid to another state?A: The purpose of this credit is to avoid being taxed by multiple states for the same income.

Q: Who can claim this credit?A: Any Wisconsin resident or part-year resident who paid income tax to another state can claim this credit.

Q: What information is needed to complete Schedule ET-OS?A: You will need information about your income and the taxes paid to the other state(s) to complete Schedule ET-OS.

Q: Are there any limitations on this credit?A: Yes, there are limitations on the credit, such as the requirement to have income in both Wisconsin and the other state(s).

Q: When is the deadline to submit Form IC-020?A: The deadline to submit Form IC-020 is the same as the deadline for filing your Wisconsin income tax return, typically April 15th.

Q: Can I file Form IC-020 electronically?A: Yes, you can file Form IC-020 electronically if you are filing your Wisconsin income tax return electronically.