This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IC-014 Schedule MS for the current year.
This document contains official instructions for Form IC-014 Schedule MS, Wisconsin Manufacturer's Sales Tax Credit Carryforward Allowable - a form released and collected by the Wisconsin Department of Revenue.
Q: What is Form IC-014?
A: Form IC-014 is a schedule used in Wisconsin to calculate the Manufacturer's Sales Tax Credit Carryforward Allowable.
Q: What is the purpose of the Manufacturer's Sales Tax Credit Carryforward Allowable?
A: The Manufacturer's Sales Tax Credit Carryforward Allowable is used to determine the amount of sales tax credit that can be carried forward to future tax years by manufacturers in Wisconsin.
Q: Who needs to file Form IC-014?
A: Manufacturers in Wisconsin who want to claim the sales tax credit carryforward must file Form IC-014.
Q: How do I calculate the Manufacturer's Sales Tax Credit Carryforward Allowable?
A: To calculate the Manufacturer's Sales Tax Credit Carryforward Allowable, you need to complete the Schedule MS section on Form IC-014 using the instructions provided by the Wisconsin Department of Revenue.
Q: Are there any deadlines for filing Form IC-014?
A: Yes, the deadline for filing Form IC-014 is the same as the deadline for filing your Wisconsin income tax return.
Q: Can I carry forward unused sales tax credits to future tax years?
A: Yes, manufacturers in Wisconsin can carry forward any unused sales tax credits to future tax years using the Manufacturer's Sales Tax Credit Carryforward Allowable.
Q: Is Form IC-014 specific to Wisconsin?
A: Yes, Form IC-014 is specific to manufacturers in Wisconsin and is used to calculate the Manufacturer's Sales Tax Credit Carryforward Allowable in that state.
Instruction Details:
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