Wisconsin Wisconsin Non-Combined Corporation Franchise or Income Tax Return

Wisconsin Non-Combined Corporation Franchise or Income Tax Return
2023 IC-040 Form 4 Wisconsin Non-Combined Corporation Franchise or Income Tax Return (fillable)
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4

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Wisconsin Non-Combined Corporation
Franchise or Income Tax Return
2 0 2 3

For calendar year 2023 or tax year beginning
M

M

D

Complete form using BLACK INK.

D

Y

Y

Y

Clear

2023
2 0

and ending

Y

M

M

D

D

Y

Y

Y

Y

Due Date: Generally the 15th day of 4th month following close of taxable year. See instructions.

DO NOT STAPLE OR BIND

Corporation Name
Number and Street

Suite Number

City

ZIP (+ 4 digit suffix if known)

State

D	Check  if applicable and attach explanation:
1	

Amended return (Include Schedule AR)

2	

First return - new corporation or entering Wisconsin

3	

Final return - corporation dissolved or withdrew

A  Federal Employer ID Number
B Business Activity (NAICS) Code

4	
5	

Short period - change in accounting period

C State of Incorporation	

and	

Enter abbreviation of
state in box, or if a
foreign country, enter
below.

Short period - stock purchase or sale

Year
Y

Y

Y

Y

Check  if applicable and see instructions:
E	

If you have an extension of time to file. Enter federal extended due date

F	

If no business was transacted in Wisconsin during the taxable year,
attach a complete copy of your federal return.

G	

If you have related entity expenses and are required to file Schedule RT with this return.

H	

If this return is for an insurance company.

I	

IRS adjustments became final during the year. Years adjusted ►

J	

If you filed a federal consolidated return, enter Parent Company’s FEIN ►

M

M

D

D

Y

Y

Y

Y

DO NOT USE THIS FORM IF FILING AS A COMBINED GROUP
ENTER NEGATIVE NUMBERS LIKE THIS  –1000

IF NO ENTRY ON A LINE, LEAVE BLANK
NOT LIKE THIS  (1000)

NO COMMAS; NO CENTS

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1	 Enter the amount from Form 1120, line 28.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 1
2	 Additions (from Schedule 4V, line 11). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2
PAPER CLIP check or money order here

3	 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3
4	 Subtractions (from Schedule 4W, line 17). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4
5	 Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 5
6	 Total company net nonapportionable and separately apportioned income
(from Form(s) N, line 8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 6

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7	 Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 7
8	 Wisconsin apportionment percentage. Enter the apportionment schedule used:	

A	

8

.

%

		If 100% apportionment, check () the space after the arrow . . . . . . . . . . . . . . . . . . . .
		 If using separate accounting, check () the space after the arrow. . . . . . . . . . . . . . . .

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9	 Multiply line 7 by line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 9
	10	 Wisconsin net nonapportionable and separately apportioned income
(from Form N, line 14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 10

	13	 Add lines 11 and 12. This is the Wisconsin income before net business loss carryforwards. .  	13

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	14	 Wisconsin net business loss carryforward from Form 4BL, line 30(f). Do not enter more than
line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 14	

.00

	15	 Subtract line 14 from line 13. This is Wisconsin net income or loss.
Check if excess inclusion income from real estate mortgage investment conduit . . . .  			
15

.00

	11	 Add lines 9 and 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 11
	12	 Loss adjustment for insurance companies (from Schedule 4I, line 20). . . . . . . . . . . . . . . . . . 	 12

IC-040 (R. 8-23)

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2023 Form 4	

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	16	 Enter 7.9% (0.079) of Wisconsin net income on line 15. This is tentative gross tax. . . . . . . . 	 16
	17	 Tax adjustment for insurance companies (from Schedule 4I, line 26). . . . . . . . . . . . . . . . . . . 	 17
	18	 Gross tax (subtract line 17 from line 16). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	18
	19	 Nonrefundable credits (from Schedule CR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 19
	20	 Subtract line 19 from line 18. If line 19 is more than line 18, enter zero (0). This is net tax. . 	 20
	21		 Economic development surcharge (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 21
	22		 Endangered resources donation (decreases refund or increases amount owed). . . . . . . . . . 	 22
	23		 Veterans trust fund donation (decreases refund or increases amount owed). . . . . . . . . . . . . 	 23
	24			
Add lines 20 through 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 24
	25	 Estimated tax payments and 2022 credit carryforward,
		 less refund from Form 4466W . . . . . . . . . . . . . . . . . . . . .	25
	26		 Wisconsin tax withheld (see instructions) . . . . . . . . . . . . .	26
	27		 Refundable credits (from Schedule CR)  . . . . . . . . . . . . .	27
	28			Amended Return Only – amount previously paid . . . . . . .	28
	29			Add lines 25 through 28 . . . . . . . . . . . . . . . . . . . . . . . . . .	29
	30		

Amended Return Only – amount previously refunded .  ..		30

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	31		 Subtract line 30 from 29	 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 31

.00

32			 Interest, penalty, and late fee due (from Form U, line 17 or 26)
			 If you annualized income on Form U, check (ü) the space after the arrow . . . . . . . .  		
32

.00

33			 Amount Due. If the total of lines 24 and 32 is larger than 31, subtract line 31 from the total
			 of lines 24 and 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	33

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34			 Overpayment. If line 31 is larger than the total of lines 24 and 32, subtract the total of lines
			 24 and 32 from line 31  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 34

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35			 Enter amount from line 34 you want credited to
			 2024 estimated tax	  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 35

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36			 Subtract line 35 from line 34. This is your refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	36
37			

Enter total gross receipts from all activities (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 	 37

38			

Enter total assets from federal Form 1120  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	38

39			 Total Wisconsin tangible property (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	39
40			 Total tangible property (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	40
41			 Total Wisconsin payroll (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 41
42			 Total payroll (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	42
43			 Total Wisconsin sales, receipts, or premiums included in apportionment ratio (see instructions)	 43
44			 Total sales, receipts, or premiums included in apportionment ratio (see instructions)  . . . . . . 	44

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2023 Form 4	

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45			 Is the corporation the sole owner of any limited liability companies?
		
		
Yes 	 No 	If yes, prepare and submit Schedule DE with this return.
46			 Did you include the income of the LLCs listed for item 45 in this return?
				 Yes	
No
47			 Did you purchase, license, lease or rent any taxable tangible personal property, certain coins and stamps, certain leased property
			 affixed to real estate, certain digital goods, or taxable services, for storage, use or consumption in Wisconsin without paying a
			 state sales or use tax?
				
Yes	
No
48	 Person to contact concerning this return:
	

Last name:	

First name:	

	

Phone #:	

Fax #:

49	 City and state where books and records are located for audit purposes: City

State

50	 List the locations of Wisconsin operations:
51		 Yes	

No 	 Are any manufacturing facilities located in Wisconsin?

52	 Did you file federal Schedule UTP – Uncertain Tax Position Statement with the Internal Revenue Service?
		

Yes	

No	 If yes, enclose federal Schedule UTP with your Wisconsin tax return.

53	 Did you file federal Form 8886 – Reportable Transaction Disclosure Statement with the Internal Revenue Service?
		

Yes	

Third
Party
Designee

No	 If yes, enclose federal Form 8886 with your Wisconsin tax return.

Do you want to allow another person to discuss this return with the department?	
Print
Designee’s
Name

Yes	 Complete the following.	

Phone Number

No

Personal Identification Number (PIN)

Under penalties of law, I declare that this return and all attachments are true, correct, and complete to the best of my knowledge and belief.
Signature of Officer

Title

Date

Preparer’s Signature

Preparer’s Federal Employer ID Number

Date

You must file a copy of your federal return with Form 4, even if no Wisconsin activity.
If you are not filing your return electronically, make your check payable to and mail your return to:
Wisconsin Department of Revenue
PO Box 8908
Madison WI 53708-8908	

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