71.14 – Situs of income.
71.14 Situs of income. For purposes of determining the situs of income under this subchapter: (1) The estate of a decedent shall be considered resident at the domicile of the decedent at the time of his or her death. (2) A trust created at death by will, contract, declaration of trust or implication of law […]
71.06 – Rates of taxation.
71.06 Rates of taxation. (1) Fiduciaries, single individuals and heads of households; 1986 to 1997. The tax to be assessed, levied and collected upon the taxable incomes of all fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds, and single individuals for taxable years beginning on or after August 1, 1986, and before January […]
71.07 – Credits.
71.07 Credits. (1) Claim of right credit. Any natural person may credit against taxes otherwise due under this chapter the decrease in tax under this chapter for the prior taxable year that would be attributable to subtracting income taxed for that year under the claim of right doctrine but repaid, as calculated under section 1341 […]
71.08 – Minimum tax.
71.08 Minimum tax. (1) Imposition. If the tax imposed on a natural person, married couple filing jointly, trust, or estate under s. 71.02, not considering the credits under ss. 71.07 (1), (2dx), (2dy), (3m), (3n), (3q), (3s), (3t), (3w), (3wm), (3y), (4k), (5b), (5d), (5e), (5i), (5j), (5n), (6), (6e), (8b), (9e), (9m), and (9r), […]
71.09 – Payment of estimated taxes.
71.09 Payment of estimated taxes. (1) Definitions. In this section: (a) “Farmers or fishers” are individuals, estates or trusts whose estimated gross income from farming or fishing for the taxable year is at least two-thirds of the total estimated gross income from all sources for the taxable year or individuals, estates or trusts whose gross […]
71.10 – General provisions.
71.10 General provisions. (1) Allocation of gross income, deductions, credits between 2 or more businesses. In any case of 2 or more organizations, trades or businesses (whether or not incorporated, whether or not organized in the United States, whether or not affiliated, and whether or not unitary) owned or controlled directly or indirectly by the […]
71.03 – Filing returns; certain claims.
71.03 Filing returns; certain claims. (1) Definition. In this section, “gross income” means all income, from whatever source derived and in whatever form realized, whether in money, property or services, which is not exempt from Wisconsin income taxes. “Gross income” includes, but is not limited to, the following items: compensation for services, including salaries, wages […]
71.04 – Situs of income; allocation and apportionment.
71.04 Situs of income; allocation and apportionment. (1) Situs. (a) All income or loss of resident individuals and resident estates and trusts shall follow the residence of the individual, estate or trust. Income or loss of nonresident individuals and nonresident estates and trusts from business, not requiring apportionment under sub. (4), (10) or (11), shall […]
71.05 – Income computation.
71.05 Income computation. (1) Exempt and excludable income. There shall be exempt from taxation under this subchapter the following: (a) Retirement systems. All payments received from the U.S. civil service retirement system, the U.S. military employee retirement system, the employee’s retirement system of the city of Milwaukee, Milwaukee County employees’ retirement system, sheriff’s annuity and […]
71.01 – Definitions.
71.01 Definitions. In this chapter in regard to natural persons and fiduciaries, except fiduciaries of nuclear decommissioning trust or reserve funds: (1) “Adjusted gross income”, when not preceded by the word “federal”, means Wisconsin adjusted gross income, unless otherwise defined or the context plainly requires otherwise. (1am) “Aggregate effective tax rate” means the sum of […]