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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form I-237 Schedule ESBT
for the current year.
Instructions for Form I-237 Schedule ESBT Computation of Wisconsin Taxable Income for Electing Small Business Trusts - Wisconsin
This document contains official instructions for Form I-237 Schedule ESBT, Computation of Wisconsin Taxable Income for Electing Small Business Trusts - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form I-237 Schedule ESBT is available for download through this link.
FAQ
Q: What is Form I-237?
A: Form I-237 is a tax form used for computing Wisconsin taxable income for electing small business trusts (ESBTs) in Wisconsin.
Q: What is an Electing Small Business Trust (ESBT)?
A: An Electing Small Business Trust (ESBT) is a type of trust that elects to be treated as an ESBT for federal tax purposes.
Q: What is the purpose of Form I-237?
A: The purpose of Form I-237 is to calculate the Wisconsin taxable income of an ESBT.
Q: Who needs to file Form I-237?
A: Form I-237 needs to be filed by electing small business trusts (ESBTs) that have income taxable in Wisconsin.
Q: How do I complete Form I-237?
A: To complete Form I-237, you will need to provide information about the ESBT's income, deductions, and credits.
Q: When is the deadline for filing Form I-237?
A: The deadline for filing Form I-237 is the same as the deadline for filing the trust's federal income tax return, which is usually April 15th.
Q: Are there any specific requirements for ESBTs in Wisconsin?
A: Yes, there are specific requirements for ESBTs in Wisconsin, including the need to allocate income and deductions among beneficiaries.
Q: Is there any tax payable for ESBTs in Wisconsin?
A: Yes, ESBTs may be subject to Wisconsin income tax based on the trust's taxable income.
Q: Can I e-file Form I-237?
A: Yes, Form I-237 can be e-filed through the Wisconsin Department of Revenue's e-file system.
Q: What should I do if I need help with Form I-237?
A: If you need help with Form I-237, you can contact the Wisconsin Department of Revenue or consult a tax professional.
Instruction Details:
- This 4-page document is available for download in PDF;
- Actual and applicable for this year;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Wisconsin Department of Revenue.
Download Instructions for Form I-237 Schedule ESBT Computation of Wisconsin Taxable Income for Electing Small Business Trusts - Wisconsin
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