Instructions for Form IC-020 Schedule ET-OS Credit for Net Tax Paid to Another State - Wisconsin

Form IC-020 Schedule ET-OS Credit for Net Tax Paid to Another State - Wisconsin

This document contains official instructions for Form IC-020 Schedule ET-OS, Credit for Net Tax Paid to Another State - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form IC-020 Schedule ET-OS is available for download through this link.

FAQ

Q: What is Form IC-020 Schedule ET-OS?
A: Form IC-020 Schedule ET-OS is a schedule used in Wisconsin to claim a credit for net tax paid to another state.

Q: When would I need to use Form IC-020 Schedule ET-OS?
A: You would need to use Form IC-020 Schedule ET-OS if you paid income taxes to another state and want to claim a credit for those taxes on your Wisconsin tax return.

Q: What is the purpose of the credit for net tax paid to another state?
A: The purpose of the credit is to prevent you from being taxed on the same income by multiple states. It allows you to claim a credit for the taxes you paid to another state.

Q: What information do I need to complete Form IC-020 Schedule ET-OS?
A: To complete the schedule, you will need information about the taxes you paid to another state, such as the name of the state, the amount of tax paid, and the tax year.

Q: Is there a deadline for filing Form IC-020 Schedule ET-OS?
A: Yes, Form IC-020 Schedule ET-OS must be filed along with your Wisconsin tax return by the due date, which is usually April 15th.

Q: Can I claim a credit for taxes paid to any state?
A: In order to claim the credit, the state you paid taxes to must have a reciprocal agreement with Wisconsin. Not all states have such an agreement.

Q: What should I do if I have questions or need help with Form IC-020 Schedule ET-OS?
A: If you have questions or need help, you can contact the Wisconsin Department of Revenue for assistance.