Instructions for Form IC-032 Schedule DC Wisconsin Development Zones Credits - Wisconsin

This document contains official instructions for Form IC-032 Schedule DC, Wisconsin Development Zones Credits - a form released and collected by the Wisconsin Department of Revenue.

FAQ

Q: What is Form IC-032?
A: Form IC-032 is a tax form used in Wisconsin to claim Development Zones Credits.

Q: What is Schedule DC?
A: Schedule DC is a part of Form IC-032 where you provide the details of your Wisconsin Development Zones Credits.

Q: What are Development Zones Credits?
A: Development Zones Credits are tax incentives offered by the state of Wisconsin to encourage businesses to invest in designated development zones.

Q: Who can file Form IC-032 Schedule DC?
A: Businesses or individuals who are eligible for Development Zones Credits in Wisconsin can file this form.

Q: What information is required in Schedule DC?
A: Schedule DC requires you to provide information such as the name, address, and employer identification number of your business, details of the development zone activities, and the calculation of the credits.

Q: Is there a deadline to file Form IC-032 Schedule DC?
A: Yes, the deadline to file Form IC-032 Schedule DC is generally the same as the deadline to file your Wisconsin income tax return, which is April 15th.

Q: Are there any supporting documents required with Schedule DC?
A: Yes, you may be required to submit supporting documents such as receipts, invoices, and other records to substantiate your claim for Development Zones Credits.

Q: Can I file Form IC-032 Schedule DC electronically?
A: Yes, you can file Form IC-032 Schedule DC electronically using Wisconsin's e-file system or through approved tax software.

Q: What should I do if I have questions or need assistance with Form IC-032 Schedule DC?
A: If you have questions or need assistance with Form IC-032 Schedule DC, you can contact the Wisconsin Department of Revenue or seek help from a tax professional.