Wisconsin Wisconsin Exempt Organization Business Franchise or Income Tax Return

Wisconsin Exempt Organization Business Franchise or Income Tax Return
2023 IC-002 Form 4T Wisconsin Exempt Organization Business Franchise or Income Tax Return (fillable)
Tab to navigate within form. Use mouse to check
applicable boxes, press spacebar or press Enter.

Form

4T

Save

Print

Wisconsin Exempt Organization
Business Franchise or
Income Tax Return
2 0 2 3

For calendar year 2023 or tax year beginning
M

Complete form using BLACK INK.

M

D

D

Y

Y

Y

Clear

2023
2 0

and ending

Y

M

M

D

D

Y

Y

Y

Y

Due Date: 15th day of 5th month (4th month for certain trusts and IRAs) following close of taxable year.

DO NOT STAPLE OR BIND

Exempt Organization Name
Number and Street

Suite Number

City

State

ZIP (+ 4 digit suffix if known)

C State of Organization	

B Business Activity (NAICS) Code

D	Check  if applicable and attach explanation:
1	

Amended return (Include Schedule AR)

2	

First return - new corporation or entering Wisconsin

4	

Short period - change in accounting period

3	

Final return - corporation dissolved or withdrew

5	

Short period - stock purchase or sale

A  Federal Employer ID Number
and	

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

Year
Y

Y

Y

Y

Check  if applicable and see instructions:
E	

If you have an extension of time to file, enter extended due date

F	

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

G	

If you changed your organization name

M

M

D

D

Y

Y

Y

Y

Internal Revenue Service adjustments became final during the year

H	

Enter years adjusted ►	
J	 Name of Trustee if Taxable as Trust

I	 Check  type of organization:
1	

Corporation	

2	

Trust - due 4th month	

3	

Trust - due 5th month

ENTER NEGATIVE NUMBERS LIKE THIS  –1000

NOT LIKE THIS  (1000)

NO COMMAS; NO CENTS

Organizations Taxable as Corporations (Trusts do not fill in lines 1 through 13)
1	 Unrelated business taxable income (from federal Form 990-T, Part 1, line 11) . . . . . . . . . . . . . 	 1

.00
.00
.00
.00
.00
.00

2	 Additions (from Part 1, Page 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2

PAPER CLIP check or money order here

3	 Add lines 1 and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3
4	 Subtractions (from Part 2, Page 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 4
5	 Total net nonapportionable unrelated business taxable income (loss) (from Form N, line 8) . . . . . . 	 5
6	 Subtract lines 4 and 5 from line 3. This is apportionable unrelated business taxable income . . 	 6
7	 Wisconsin apportionment percentage. Enter the apportionment schedule used:	

A	

7

.

%

		
If 100% apportionment, check (ü) the space after the arrow. . . . . . . . . . . . . . . . . . . . 
		
If using separate accounting, check (ü) the space after the arrow. . . . . . . . . . . . . . . . 
	 8	 Multiply line 6 by line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8
	 9	 Wisconsin net nonapportionable unrelated business taxable income (loss) (from Form N, line 9). 	9
	10	 Combine lines 8 and 9. This is Wisconsin unrelated business taxable income (loss) . . . . . . . . 	10
	11	 Enter 7.9% (0.079) of amount on line 10. This is gross tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	11
	12	 Nonrefundable credits (from Schedule CR). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	12
	13	 Subtract line 12 from line 11. If line 12 is greater than line 11, enter zero (0). This is net tax . . . . 	13

.00
.00
.00
.00
.00
.00

Organizations Taxable as Trusts (Corporations do not fill in lines 14 through 23)
	14	 Unrelated business taxable income (from federal Form 990-T, Part 1, line 11 or attachment to
federal Form 4720) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	14
	15	 Additions (from Part 1, Page 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	15
	16	 Add lines 14 and 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	16
	17	 Subtractions (from Part 2, Page 3)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	17
	18	 Subtract line 17 from line 16. This is Wisconsin unrelated business taxable income . . . . . . . . . 	18
	19	 Tax from tax table on amount on line 18. This is gross tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	19
IC-002 (R. 9-23)

.00
.00
.00
.00
.00
.00
Go to Page 2

2023 Form 4T	

Page 2 of 3

.00
.00
.00
.00
.00
.00
.00
.00
.00

	20	 Nonrefundable credits (from Schedule CR). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	20
	21	 Net income tax paid to other states . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	21
	22	 Add lines 20 and 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	22
	23	 Subtract line 22 from line 19. If line 22 is greater than line 19, enter zero (0). This is net tax . . . . 	23
	24	 Tax from line 13 or 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	24
	25	 Economic development surcharge (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	 25
	26	 Endangered resources donation (decreases refund or increases amount owed). . . . . .. . . . . .  	26
	27	 Veterans trust fund donation (decreases refund or increases amount owed). . . . . . . . .. . . . . .  	27
	28	 Add lines 24 through 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	28

.00
.00
.00
.00
.00
.00

	29	 Estimated tax payments less refund from Form 4466W. . . 	29
	30	 Wisconsin tax withheld. . . . . . . . . . . . . . . . . . . . . . . . . . . . 	30
	31	 Refundable credits (from Schedule CR) . . . . . . . . . . . . . . 	31
	32	 Amended Return Only – amount previously paid. . . . . . . . 	32
	33	 Add lines 29 through 32. . . . . . . . . . . . . . . . . . . . . . . . . . . 	33
	34	 Amended Return Only – amount previously refunded . . . . 	34

	35	 Subtract line 34 from 33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	35

.00

	36	 Interest, penalty, and late fee due (from Form U line 17 or 26, or Schedule U, line 15 or 29).
		 If you annualized income on Form U or Schedule U, check (ü) the space after the arrow. 	

36

.00

	37	 Amount due. If the total of lines 28 and 36 is larger than line 35, subtract line 35 from the total
		 of lines 28 and 36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	37

.00

	38	 Overpayment. If line 35 is larger than the total of lines 28 and 36, subtract the total of lines
		 28 and 36 from line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	38

.00

.00

	39	 Enter amount of line 38 you want credited on 2024 estimated tax . .  	39

.00
.00

	40	 Subtract line 39 from line 38. This is your refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	40
	41	 Enter total gross receipts from all unrelated trade or business activities . . . . . . . . . . . . . . . . . . 	41
Additional Information Required
	 1	 Person to contact concerning this return:	

Phone #:	

Fax #:

	 2	 City and state where books and records are located for audit purposes:
	3	Are you the sole owner of any limited liability companies (LLCs)?	
Yes	
		 return. Did you include the incomes of these entities in this return?		 Yes	

No	
No

If yes, complete Schedule DE and include with this

	 4	 Did you purchase any taxable tangible personal property or taxable services for storage, use, or con­sumption in Wisconsin without payment
of a state sales or use tax?	
If yes, you may owe Wisconsin use tax. See instructions for how to report use tax.
Yes	
No	
(You will not be liable for Wisconsin use tax if you hold a Wisconsin Certificate of Exempt Status.)
	5	 List the locations of your Wisconsin operations:

Third
Party
Designee

Do you want to allow another person to discuss this return with the department?	
Phone Number

Print
Designee’s
Name

Yes	 Complete the following.	

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 or Trustee

Title

Date

Preparer’s Signature

Preparer’s Federal Employer ID Number

Date

You must file a copy of your federal Form 990-T or 4720, including attachments, with your Form 4T.
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

Go to Page 3

2023 Form 4T	

Page 3 of 3

Part 1 – Additions:
	 1	 Interest income (less related expenses) from state and municipal obligations . . . . . . . . . . . . . . . . 	 1
	 2	 State and local franchise or income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	2
	 3	 Capital gain/loss adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	3
	 4	 Federal net operating loss carryover. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	4
	 5	 Related entity expenses (from Sch. RT, Part I or Sch. 2K-1, 3K-1, or 5K-1). . . . . . . . . . . . . . . . . . 	5
	 6	 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	6
	 7	 Transitional adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	7

.00
.00
.00
.00
.00
.00
.00

	 8	 Credit computed (see instructions):
		a	 Business development credit  . . . . . . . . . . . . . . . . . . . . . . . . 	 8a
		b	 Community rehabilitation program credit . . . . . . . . . . . . . . . . 	 8b
		c	 Development zones credits  . . . . . . . . . . . . . . . . . . . . . . . . . 	 8c
		d	 Economic development tax credit  . . . . . . . . . . . . . . . . . . . . . 	 8d
		e	 Electronics and information technology manufacturing
			 zone credit  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8e
		f	 Employee college savings account contribution credit . . . . . . 	8f
		g	 Enterprise zone jobs credit  . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8g
		h	 Farmland preservation credit . . . . . . . . . . . . . . . . . . . . . . . . . 	 8h
		i	 Jobs tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8i
		j	 Manufacturing and agriculture credit (computed in 2022)  . . . 	 8j
		k	 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8k
		l	 Research expense credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8l
		m	 Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8m

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

		n	 Total credits (add lines 8a through 8m). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 8n

.00

	 9	 Other additions:
		a			

9a

		b			

9b

		c			

9c

.00
.00
.00

		d	 Total other additions (add lines 9a through 9c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 9d
	10	 Total additions (add lines 1 through 7, 8n, and 9d and enter on page 1). . . . . . . . . . . . . . . . 	10

.00
.00

Part 2 – Subtractions:
	 1	 Interest income (less related expenses) from United States government obligations. . . . . . . . . . . 	 1
	 2	 Capital gain/loss adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2
	 3	 Wisconsin net operating loss carryforward. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 3
	 4	 Deductible related entity expenses (from Sch. RT, Part II or Sch. 2K-1, 3K-1, or 5K-1) . . . . . . . . . 	 4
	 5	 Income from related entities whose expenses were disallowed (obtain Schedule RT-1 from
		 related entity and submit with your return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	5
	 6	 Transitional adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	6

.00
.00
.00
.00
.00
.00

	7	 Other subtractions:
		a	

7a

		b	

7b

		c	

7c

.00
.00
.00

		d	 Total other subtractions (add lines 7a through 7c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 7d
	 8	 Total subtractions (Add lines 1 through 6 and 7d and enter on page 1). . . . . . . . . . . . . . . . . . 	8

.00
.00

Return to Page 1