Form 4BL (IC-047) Wisconsin Net Business Loss Carryforward for Separate Entity Corporations - Wisconsin

What Is Form 4BL (IC-047)?

This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 4BL?
A: Form 4BL is a tax form used in Wisconsin to report net business loss carryforward for separate entity corporations.

Q: What is a net business loss carryforward?
A: A net business loss carryforward is a tax deduction that allows a corporation to offset future taxable income with losses incurred in previous years.

Q: Who needs to file Form 4BL?
A: Separate entity corporations in Wisconsin that have a net business loss carryforward need to file Form 4BL.

Q: What information is required on Form 4BL?
A: Form 4BL requires information such as the corporation's name, Wisconsin tax identification number, federal employer identification number, and details about the net business loss carryforward.

Q: When is Form 4BL due?
A: Form 4BL is generally due on the same date as the corporation's Wisconsin income tax return, which is usually the 15th day of the 3rd month following the end of the corporation's tax year.

Q: What should I do if I have questions or need assistance with Form 4BL?
A: If you have questions or need assistance with Form 4BL, you should contact the Wisconsin Department of Revenue or consult a tax professional.