Instructions for Form IC-080 Schedule CU-1 Credit Union Adjustment to Income - Wisconsin

Form IC-080 Schedule CU-1 Credit Union Adjustment to Income - Wisconsin

This document contains official instructions for Form IC-080 Schedule CU-1, Credit Union Adjustment to Income - a form released and collected by the Wisconsin Department of Revenue. An up-to-date fillable Form IC-080 Schedule CU-1 is available for download through this link.

FAQ

Q: What is Form IC-080 Schedule CU-1?
A: Form IC-080 Schedule CU-1 is a form used to report adjustments to income for credit unions in Wisconsin.

Q: Who needs to file Form IC-080 Schedule CU-1?
A: Credit unions in Wisconsin who have adjustments to their income need to file Form IC-080 Schedule CU-1.

Q: What kind of adjustments to income should be reported on Form IC-080 Schedule CU-1?
A: Form IC-080 Schedule CU-1 should be used to report adjustments to income such as additions or subtractions that affect the net income of the credit union.

Q: When is the deadline for filing Form IC-080 Schedule CU-1?
A: The deadline for filing Form IC-080 Schedule CU-1 is the same as the deadline for filing the credit union's Wisconsin income tax return.

Q: Are there any penalties for not filing Form IC-080 Schedule CU-1?
A: Yes, there are penalties for not filing Form IC-080 Schedule CU-1 or for filing it late. It is important to file the form on time to avoid these penalties.