Wisconsin Composite Wisconsin Individual Income Tax Return for Nonresident Tax-Option (S) Corporation Shareholders

Composite Wisconsin Individual Income Tax Return for Nonresident Tax-Option (S) Corporation Shareholders
2023 IC-057 Form 1CNS Composite Wisconsin Individual Income Tax Return for Nonresdient Tax-Option (S) Corporation Shareholders
Form

Composite Wisconsin Individual Income Tax Return
for Nonresident Tax-Option (S) Corporation Shareholders

1CNS
Due Date: April 15, 2024

Check (ü) if this is an
AMENDED return
(Include Schedule AR)

Check (ü) if this is a
final return

2023

Corporation
Year Ending	
M

Tax-Option (S) Corporation Name	

M

D

D

2

0

2

3

Y

Y

Y

Y

Federal Employer ID Number

Suite Number

Number and Street

Zip (+ 4 digit suffix if known)

State

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

City

Person to Contact Regarding This Return

Telephone Number

Fax Number

◄ Number of shareholders included in this return.

Caution: Only qualifying shareholders may be included in this return. See instructions for details.
Schedule 1	

Tax Computation

	 1	 Wisconsin tax-option (S) corporation income (loss) of qualifying and participating

		 nonresident shareholders from Schedule 2, column D1  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 1

.00

	 2	 Tax from Schedule 2, column G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2

.00

	 3	 Wisconsin tax withheld from Schedule 2, column H  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3

.00

	 4	 Amended Return Only – amount previously paid  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	4

.00

	 5	 Add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	5

.00

	 6	 Amended Return Only – amount previously refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	6

.00

	 7	 Subtract line 6 from 5  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	7

.00

	 8	 If line 7 is less than line 2, subtract line 7 from line 2 and enter amount due  . . . . . . . . . . . . . . . 	 8

.00

	 9	 If line 7 is more than line 2, subtract line 2 from line 7 and enter overpayment.
		 This is the amount to be refunded to corporation  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 9

.00

Include a copy of any application for a federal extension of time to file. Don’t attach federal Form 1120S, Wisconsin Form 5S, Wisconsin
Form PW-1, the federal Schedules K-1, or the Wisconsin Schedules 5K-1 to this return.

Third
Party
Designee

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

Phone Number

Yes	 Complete the following.	

No

Personal Identification Number (PIN)

I have personally examined this return, including any accompanying schedules and statements, and declare that it is, to the best of my knowledge and
belief, a true, correct, and complete report of income under the provisions of Chapter 71 of the Wisconsin Statutes. I also declare that this tax-option
corporation has a power of attorney or other written authorization from each qualifying and participating nonresident shareholder to file this composite
return on the shareholder’s behalf.

SIGNATURES

Signature of Authorized Officer

Title

Date

Individual or Firm Signature of Preparer

Preparer’s Federal Employer ID Number

Date

For information on how to file, see Filing Methods in instructions.
IC-057 (R. 6-23)

2023 Form 1CNS	

Schedule 2

Nonresident Shareholders Qualifying and Participating in Composite Return (Attach a separate schedule, if necessary.)
(A)

(B)

(C)

Name and Address of
Nonresident Shareholder (if Married Filing Jointly,
see instructions)

Social
Security
Number

Pro
Rata
Share
(%)

(D1) Shareholder ’s
Share of WI Net
Income (Loss)
(D2) Shareholder ’s
Share of WI Gross
Income (from Sch.
5K-1, line 20)
D1
D2

b.

D1
D2

c.

D1
D2

d.

D1
D2

e.

D1
D2

f.

D1
D2

g.

D1
D2

h.

D1
D2

i.

D1
D2

j.

D1
D2

k.

(E)
Federal
Adjusted
Gross
Income From
Form 1040

(F)
Filing
Status
(S, H,
MFJ,
MFS)

(G)

(H)

(I)

Tax From
Worksheet
or 7.65% of
(D1)

Tax
Withheld
from
Form PW-1

Balance
Due
(Overpayment)

Fi Sa
le m
El pl
ec e
F
tr o
on rm
ic
al
ly

a.

Page 2

D1
D2

TOTALS (enter on appropriate line on Schedule 1) . . . . . . . . . . . . . . . . . . . .

D1 total only