Instructions for Form U, DC-033 Underpayment of Estimated Tax by Corporations - Wisconsin

Form U (DC-033) Underpayment of Estimated Tax by Corporations - Wisconsin

This document contains official instructions for Form U , and Form DC-033 . Both forms are released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form U (DC-033) is available for download through this link.

FAQ

Q: What is Form U, DC-033?
A: Form U, DC-033 is a tax form used by corporations in Wisconsin to report underpayment of estimated tax.

Q: Who needs to file Form U, DC-033?
A: Corporations in Wisconsin who have underpaid their estimated taxes need to file Form U, DC-033.

Q: What is the purpose of filing Form U, DC-033?
A: The purpose of filing Form U, DC-033 is to report and pay any underpayment of estimated tax by a corporation in Wisconsin.

Q: Are there any penalties for not filing Form U, DC-033?
A: Yes, there can be penalties for not filing Form U, DC-033 or for underpaying estimated taxes.

Q: When is the deadline to file Form U, DC-033?
A: The deadline to file Form U, DC-033 is typically the same as the deadline for filing the Wisconsin corporate income tax return, which is the 15th day of the 3rd month following the close of the tax year.

Q: What information do I need to complete Form U, DC-033?
A: You will need information about your estimated tax payments made throughout the tax year and the amount of tax owed for each payment period.

Q: How do I calculate the underpayment of estimated tax?
A: To calculate the underpayment of estimated tax, you will need to compare the total estimated tax paid with the total tax owed for each payment period.

Q: Can I file Form U, DC-033 electronically?
A: Yes, you can file Form U, DC-033 electronically through the Wisconsin Department of Revenue's e-file system.

Q: What should I do if I discover an error on a filed Form U, DC-033?
A: If you discover an error on a filed Form U, DC-033, you should file an amended Form U, DC-033 to correct the error.