This version of the form is not currently in use and is provided for reference only. Download this version of Form 6BL (IC-247) for the current year.
This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. Check the official instructions before completing and submitting the form.
Q: What is Form 6BL (IC-247)?
A: Form 6BL (IC-247) is a tax form used in Wisconsin for reporting net business loss carryforwards for combined group members.
Q: Who is required to file Form 6BL (IC-247)?
A: Combined group members in Wisconsin who have net business loss carryforwards are required to file this form.
Q: What is a net business loss carryforward?
A: A net business loss carryforward is a tax deduction that allows businesses to offset future taxable income with past losses.
Q: What is a combined group?
A: A combined group refers to a group of corporations that elect to file a combined tax return in Wisconsin.
Q: Why would a combined group member need to report net business loss carryforwards?
A: Reporting net business loss carryforwards allows combined group members to utilize past losses to reduce their future tax liability.
Form Details:
Download a printable version of Form 6BL (IC-247) by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Revenue.