Instructions for Form U, DC-133 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-133 . 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-133?
A: Form U, DC-133 is a tax form used by corporations in Wisconsin to report and calculate any underpayment of estimated tax.

Q: Who needs to file Form U, DC-133?
A: Corporations in Wisconsin who have underpaid their estimated tax payments are required to file Form U, DC-133.

Q: What is considered underpayment of estimated tax?
A: Underpayment of estimated tax occurs when a corporation fails to pay enough in estimated tax throughout the year.

Q: When is the deadline to file Form U, DC-133?
A: Form U, DC-133 must be filed by the original due date of the corporation's Wisconsin income tax return, usually April 15th.

Q: What happens if I don't file Form U, DC-133?
A: If you don't file Form U, DC-133 or fail to pay the underpaid estimated tax, you may be subject to penalties and interest.

Q: How do I calculate the underpayment of estimated tax?
A: To calculate the underpayment, you will need to compare your actual tax liability to the total estimated tax payments made throughout the year.

Q: Are there any exceptions or exemptions for underpayment of estimated tax?
A: There may be exceptions or exemptions for underpayment of estimated tax based on certain circumstances. Consult the instructions provided with Form U, DC-133 for more information.