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This version of the form is not currently in use and is provided for reference only. Download this version of
Form I-025AI Schedule FC-A
for the current year.
Form I-025AI Schedule FC-A Farmland Preservation Credit - Wisconsin
What Is Form I-025AI Schedule FC-A?
This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form I-025AI?
A: Form I-025AI is the Schedule FC-A Farmland Preservation Credit form used in Wisconsin.
Q: What is the purpose of the Farmland Preservation Credit?
A: The Farmland Preservation Credit is designed to provide tax relief to farmers in Wisconsin who qualify for farmland preservation.
Q: Who is eligible to claim the Farmland Preservation Credit?
A: To be eligible, you must be an owner of farmland in Wisconsin that is subject to a farmland preservation agreement.
Q: How do I claim the Farmland Preservation Credit?
A: You need to complete and submit Form I-025AI, the Schedule FC-A Farmland Preservation Credit form, along with your Wisconsin income tax return.
Q: Are there any requirements or restrictions to claim the Farmland Preservation Credit?
A: Yes, there are certain criteria you must meet, including having a certified farmland preservation agreement and meeting certain income limits.
Q: Is there a deadline to file the Farmland Preservation Credit?
A: Yes, the deadline to file the Farmland Preservation Credit is the same as the deadline for filing your Wisconsin income tax return.
Q: Can I claim the Farmland Preservation Credit if I don't live in Wisconsin?
A: No, the Farmland Preservation Credit is only available to Wisconsin residents who own farmland in the state.
Q: What happens if I claim the Farmland Preservation Credit incorrectly?
A: If you claim the credit incorrectly, you may have to pay back any excess credit you received, and you may also face penalties and interest.
Q: Is the Farmland Preservation Credit refundable?
A: No, the Farmland Preservation Credit is not refundable. It can only be used to offset your Wisconsin income tax liability.
Form Details:
- Released on July 1, 2022;
- The latest edition provided by the Wisconsin Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form I-025AI Schedule FC-A by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Revenue.
Download Form I-025AI Schedule FC-A Farmland Preservation Credit - Wisconsin
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