Instructions for Form PW-1, IC-004 Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income - Wisconsin

Form PW-1 (IC-004) Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income - Wisconsin

This document contains official instructions for Form PW-1 , and Form IC-004 . Both forms are released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form PW-1 (IC-004) is available for download through this link.

FAQ

Q: What is Form PW-1?A: Form PW-1 is a form used in Wisconsin for nonresident income or franchise tax withholding on pass-through entity income.

Q: Who needs to file Form PW-1?A: Pass-through entities with nonresident owners who received income from Wisconsin sources need to file Form PW-1.

Q: What is the purpose of Form PW-1?A: The purpose of Form PW-1 is to report and remit nonresident income or franchise tax withheld on pass-through entity income.

Q: How do I complete Form PW-1?A: You must provide information about the pass-through entity, nonresident owners, and the income subject to withholding on Form PW-1.

Q: When is the deadline to file Form PW-1?A: The deadline to file Form PW-1 is on or before the due date of the entity's income tax return.

Q: Are there any penalties for not filing Form PW-1?A: Yes, there are penalties for failure to file Form PW-1, including interest charges on any tax owed.

Q: Do I need to include any supporting documents with Form PW-1?A: You may need to include copies of federal returns, state schedules, and other supporting documents with Form PW-1.