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This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for Form IC-031 Schedule R
for the current year.
Instructions for Form IC-031 Schedule R Wisconsin Research Credits - Wisconsin
This document contains official instructions for Form IC-031 Schedule R, Wisconsin Research Credits - a form released and collected by the Wisconsin Department of Revenue.
FAQ
Q: What is Form IC-031 Schedule R?
A: Form IC-031 Schedule R is a form used to claim Wisconsin Research Credits in Wisconsin.
Q: What are Wisconsin Research Credits?
A: Wisconsin Research Credits are tax credits available to businesses that engage in qualified research activities in Wisconsin.
Q: Who is eligible to claim Wisconsin Research Credits?
A: Businesses that conduct qualified research activities in Wisconsin and meet certain criteria are eligible to claim Wisconsin Research Credits.
Q: What are qualified research activities?
A: Qualified research activities are activities performed to discover information that is technological in nature and intended for use in the development of new or improved business components.
Q: How can I claim Wisconsin Research Credits?
A: You can claim Wisconsin Research Credits by completing and filing Form IC-031 Schedule R along with your Wisconsin state income tax return.
Q: What information do I need to complete Form IC-031 Schedule R?
A: To complete Form IC-031 Schedule R, you will need to provide information about your business, including research expenses and credits.
Q: Is there a deadline to file Form IC-031 Schedule R?
A: Yes, the deadline to file Form IC-031 Schedule R is the same as the deadline to file your Wisconsin state income tax return.
Q: Are there any specific instructions for completing Form IC-031 Schedule R?
A: Yes, you should carefully review the instructions provided with the form to ensure that you are claiming the correct amount of Wisconsin Research Credits.
Q: Can I claim Wisconsin Research Credits on my federal income tax return?
A: No, Wisconsin Research Credits can only be claimed on your Wisconsin state income tax return.
Instruction Details:
- This 7-page document is available for download in PDF;
- Might not be applicable for the current year. Choose a more recent version;
- Complete, printable, and free.
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