Instructions for Form UT-5, SU-050 Consumer Use Tax Return - Wisconsin

Form UT-5 (SU-050) Consumer Use Tax Return - Wisconsin

This document contains official instructions for Form UT-5 , and Form SU-050 . Both forms are released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form UT-5 (SU-050) is available for download through this link.

FAQ

Q: What is Form UT-5, SU-050?
A: Form UT-5, SU-050 is the Consumer Use Tax Return for Wisconsin.

Q: Who needs to file Form UT-5, SU-050?
A: Any individual or business who purchased taxable goods or services from out-of-state sellers and did not pay sales tax needs to file Form UT-5, SU-050.

Q: What is the purpose of Form UT-5, SU-050?
A: The purpose of Form UT-5, SU-050 is to report and pay the consumer use tax owed on purchases made from out-of-state sellers.

Q: When is Form UT-5, SU-050 due?
A: Form UT-5, SU-050 is due on or before the 20th day of the month following the end of the reporting period.

Q: What is the penalty for late filing?
A: The penalty for late filing is 2% of the unpaid tax per month, up to a maximum of 12%.

Q: Are there any exemptions to the consumer use tax?
A: Yes, certain purchases are exempt from the consumer use tax, including purchases of motor vehicles, boats, and aircraft.

Q: What supporting documents do I need to attach to Form UT-5, SU-050?
A: You may need to attach copies of invoices, receipts, or other documentation that support your reported purchases and use tax owed.