This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Form IC-056 Schedule 5K-1 for the current year.
This document contains official instructions for Form IC-056 Schedule 5K-1, Tax-Option (S) Corporation Shareholder's Share of Income, Deductions, Credits, Etc. - a form released and collected by the Wisconsin Department of Revenue.
Q: What is Form IC-056 Schedule 5K-1?
A: Form IC-056 Schedule 5K-1 is used to report a tax-option (S) corporation shareholder's share of income, deductions, credits, etc. in Wisconsin.
Q: Who needs to file Form IC-056 Schedule 5K-1?
A: Tax-option (S) corporations and their shareholders in Wisconsin need to file Form IC-056 Schedule 5K-1.
Q: What information does Form IC-056 Schedule 5K-1 require?
A: Form IC-056 Schedule 5K-1 requires information about a tax-option (S) corporation's income, deductions, credits, and the shareholders' share of these items.
Q: When is Form IC-056 Schedule 5K-1 due?
A: Form IC-056 Schedule 5K-1 is generally due on the same date as the tax-option (S) corporation's Wisconsin income tax return, which is usually April 15th.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Wisconsin Department of Revenue.