Instructions for Form IC-123 Schedule 4V Wisconsin Additions to Federal Income - Wisconsin

This document contains official instructions for Form IC-123 Schedule 4V, Wisconsin Additions to Federal Income - a form released and collected by the Wisconsin Department of Revenue.

FAQ

Q: What is Form IC-123 Schedule 4V?
A: Form IC-123 Schedule 4V is a Wisconsin tax form used to report additions to federal income for Wisconsin income tax purposes.

Q: What are Wisconsin additions to federal income?
A: Wisconsin additions to federal income are certain types of income or adjustments that need to be reported separately on your Wisconsin tax return.

Q: Do I need to file Form IC-123 Schedule 4V?
A: You need to file Form IC-123 Schedule 4V if you have additions to federal income that are required to be reported for Wisconsin income tax purposes.

Q: When is the deadline to file Form IC-123 Schedule 4V?
A: The deadline to file Form IC-123 Schedule 4V is generally the same as the deadline for filing your Wisconsin income tax return, which is April 15th or the following business day if it falls on a weekend or holiday.

Q: What should I include when filing Form IC-123 Schedule 4V?
A: When filing Form IC-123 Schedule 4V, you should include any additions to federal income that are required to be reported for Wisconsin income tax purposes.

Q: Is there a penalty for not filing Form IC-123 Schedule 4V?
A: Yes, there may be penalties for not filing or filing Form IC-123 Schedule 4V late, so it's important to file it on time if you are required to do so.

Q: Can I e-file Form IC-123 Schedule 4V?
A: Yes, you can e-file Form IC-123 Schedule 4V if you are filing your Wisconsin income tax return electronically.

Q: What if I made a mistake on Form IC-123 Schedule 4V?
A: If you made a mistake on Form IC-123 Schedule 4V, you can file an amended return to correct the error. It's important to do so as soon as possible.