Instructions for Form 1-ES Estimated Income Tax for Individuals, Estates, and Trusts - Wisconsin

This document contains official instructions for Form 1-ES , Estimated Income Tax for Individuals, Estates, and Trusts - a form released and collected by the Wisconsin Department of Revenue.

FAQ

Q: What is Form 1-ES?
A: Form 1-ES is the Estimated Income Tax form for individuals, estates, and trusts in Wisconsin.

Q: Who needs to file Form 1-ES?
A: Individuals, estates, and trusts in Wisconsin who expect to owe more than $500 in state income tax for the year need to file Form 1-ES.

Q: What is the purpose of Form 1-ES?
A: The purpose of Form 1-ES is to help individuals, estates, and trusts estimate and pay their Wisconsin state income tax throughout the year.

Q: When is Form 1-ES due?
A: Form 1-ES is due on April 15th of each year, or the next business day if April 15th falls on a weekend or holiday.

Q: How often do I need to file Form 1-ES?
A: Form 1-ES is filed quarterly, with due dates on April 15th, June 15th, September 15th, and January 15th of the following year.

Q: What information is needed to complete Form 1-ES?
A: To complete Form 1-ES, you will need to provide your estimated income, deductions, tax credits, and any other relevant information for the tax year.

Q: What happens if I don't file Form 1-ES?
A: If you are required to file Form 1-ES and fail to do so, you may be subject to penalties and interest on any underpaid taxes.

Q: Can I make changes to my estimated tax payments?
A: Yes, you can make changes to your estimated tax payments throughout the year by filing an amended Form 1-ES.