Instructions for Form I-053I Schedule M Additions to and Subtractions From Income - Wisconsin

This document contains official instructions for Form I-053I Schedule M, Additions to and Subtractions From Income - a form released and collected by the Wisconsin Department of Revenue.

FAQ

Q: What is Form I-053I Schedule M?
A: Form I-053I Schedule M is a tax form used in Wisconsin to report additions to and subtractions from income.

Q: What is the purpose of Form I-053I Schedule M?
A: The purpose of Form I-053I Schedule M is to calculate adjustments to your income for Wisconsin state tax purposes.

Q: Who needs to file Form I-053I Schedule M?
A: Residents of Wisconsin who have additions or subtractions to their income need to file Form I-053I Schedule M.

Q: What should be reported as additions to income on Form I-053I Schedule M?
A: Additions to income on Form I-053I Schedule M may include certain types of income not taxed at the federal level, such as out-of-state interest or dividends.

Q: What should be reported as subtractions from income on Form I-053I Schedule M?
A: Subtractions from income on Form I-053I Schedule M may include certain deductions or exemptions allowed by Wisconsin tax laws.

Q: When is the deadline to file Form I-053I Schedule M?
A: The deadline to file Form I-053I Schedule M is usually the same as the deadline to file your Wisconsin state income tax return, which is April 15th.

Q: Do I need to include Form I-053I Schedule M with my federal tax return?
A: No, Form I-053I Schedule M is specific to Wisconsin state taxes and does not need to be included with your federal tax return.