71.90 – Depositing contested amounts.
71.90 Depositing contested amounts. (1) Deposit. The department shall notify any person who files a petition for redetermination that the person may deposit the amount of an additional assessment, including any interest or penalty, with the department, or with a person that the department prescribes, at any time before the department makes its redetermination. The […]
71.83 – Penalties.
71.83 Penalties. (1) Civil. (a) Negligence. 1. `Failure to file.’ In case of failure to file any return required under s. 71.03, 71.24, 71.44, or 71.775 on the due date prescribed therefor, including any applicable extension of time for filing, and upon a showing by the department under s. 73.16 (4), there shall be added […]
71.84 – Addition to the tax.
71.84 Addition to the tax. (1) Individuals and fiduciaries. Except as provided in s. 71.09 (11), in the case of any underpayment of estimated tax by an individual, estate or trust, except as provided under s. 71.09, there shall be added to the aggregate tax for the taxable year interest at the rate of 12 […]
71.805 – Tax avoidance transactions voluntary compliance program.
71.805 Tax avoidance transactions voluntary compliance program. (1) Definitions. In this section: (a) “Tax avoidance transaction” means a transaction, plan, or arrangement devised for the principal purpose of avoiding federal or Wisconsin income or franchise tax. “Tax avoidance transaction” includes a listed transaction as provided under U.S. department of the treasury regulations as of October […]
71.81 – Disclosing reportable transactions.
71.81 Disclosing reportable transactions. (1) Definitions. In this section: (a) “Listed transaction” means any reportable transaction that is the same as, or substantially similar to, a transaction, plan, or arrangement specifically identified by the U.S. secretary of the treasury as a listed transaction, for purposes of section 6011 of the Internal Revenue Code and that […]
71.82 – Interest.
71.82 Interest. (1) Normal. (a) In assessing taxes interest shall be added to such taxes at 12 percent per year from the date on which such taxes if originally assessed would have become delinquent if unpaid, to the date on which such taxes when subsequently assessed will become delinquent if unpaid. (b) Except as otherwise […]
71.76 – Internal revenue service and other state adjustments.
71.76 Internal revenue service and other state adjustments. (1) If for any year the amount of federal net income tax payable, of a credit claimed or carried forward, of a net operating loss carried forward or of a capital loss carried forward of any taxpayer as reported to the internal revenue service is changed or […]
71.77 – Statutes of limitations, assessments and refunds; when permitted.
71.77 Statutes of limitations, assessments and refunds; when permitted. (1) Additional assessments and corrections of assessments by office audit or field investigation may be made of income of any taxpayer if notice under s. 71.74 (11) is given within the time specified in this section. (2) With respect to assessments of a tax or an […]
71.775 – Withholding from nonresident members of pass-through entities.
71.775 Withholding from nonresident members of pass-through entities. (1) Definition. In this section, “nonresident” includes an individual who is not domiciled in this state; a partnership, limited liability company, or corporation whose commercial domicile is outside the state; and an estate or a trust that is a nonresident under s. 71.14 (1) to (3m). (2) […]
71.78 – Confidentiality provisions.
71.78 Confidentiality provisions. (1) Divulging information. Except as provided in subs. (4), (4m), (10), and (11), no person may divulge or circulate or offer to obtain, divulge, or circulate any information derived from an income, franchise, withholding, fiduciary, partnership, or limited liability company tax return or tax credit claim, including information which may be furnished […]