Instructions for Form IC-303 Schedule A-05 Wisconsin Premiums Factor for Insurance Companies - Wisconsin

Form IC-303 Schedule A-05 Wisconsin Premiums Factor for Insurance Companies - Wisconsin

This document contains official instructions for Form IC-303 Schedule A-05, Wisconsin Premiums Factor for Insurance Companies - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form IC-303 Schedule A-05 is available for download through this link.

FAQ

Q: What is Form IC-303 Schedule A-05?
A: Form IC-303 Schedule A-05 is a schedule used by insurance companies in Wisconsin to calculate the Wisconsin Premiums Factor.

Q: What is the Wisconsin Premiums Factor?
A: The Wisconsin Premiums Factor is a ratio used to apportion an insurance company's premiums and expenses to determine their Wisconsin taxable income.

Q: Who needs to file Form IC-303 Schedule A-05?
A: Insurance companies that operate in Wisconsin and have taxable income need to file Form IC-303 Schedule A-05.

Q: What information is required on Form IC-303 Schedule A-05?
A: Form IC-303 Schedule A-05 requires insurance companies to provide details about their premiums and expenses in Wisconsin.

Q: When is the deadline for filing Form IC-303 Schedule A-05?
A: The deadline for filing Form IC-303 Schedule A-05 is typically the same as the deadline for filing the insurance company's Wisconsin tax return.

Q: Are there any penalties for not filing Form IC-303 Schedule A-05?
A: Yes, insurance companies may be subject to penalties for failing to file Form IC-303 Schedule A-05 or for filing it late.

Q: How should I calculate the Wisconsin Premiums Factor?
A: The Wisconsin Premiums Factor is calculated by dividing the insurance company's premiums earned in Wisconsin by its total premiums earned.

Q: What if I have questions or need assistance with Form IC-303 Schedule A-05?
A: If you have questions or need assistance with Form IC-303 Schedule A-05, you should contact the Wisconsin Department of Revenue's customer service.