Wisconsin Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
Extracted from PDF file 2019-wisconsin-form-pw-2.pdf, last modified September 2019
Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption AffidavitTab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Form PW-2 Save Print 20 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Pass-Through Withholding Exemption Affidavit Form PW-2 is filed by nonresident owners (partners, members, shareholders, or beneficiaries) to request an exemption from withholding on income from a pass-through entity. If approved, the nonresident owner is responsible for notifying the pass-through entity about the exemption. Caution: A pass-through entity may not file Form PW-2 on behalf of its owners, and it is required to withhold until it receives an approved Form PW-2 from the owner. Due Date: One month after the close of a tax-option (S) corporation’s or partnership’s taxable year. Two months after the close of an estate’s or trust’s taxable year. Any Form PW-2 that is filed after the due date will not be accepted. Part 1: Information about Nonresident Owner Requesting Exemption INDIVIDUALS AND ESTATES ONLY - Nonresident Owner’s Name (Last, First, M.I.) Nonresident Owner’s SSN ALL OTHER OWNERS - Nonresident Owner’s Name Nonresident Owner’s FEIN Address Last day of the Owner’s Taxable Year City State Zip Code Check the appropriate box to indicate what type of taxpayer you are: (see instructions) Individual Partnership Disregarded Entity: Owner’s Name: Other. Describe: Tax-Option (S) Corporation Estate or Trust Corporation Owner’s SSN or FEIN: Check the appropriate box to indicate what form will be used to report your Wisconsin source income: (see instructions) Form 1NPR Other. Describe: Form 2 Form 3 Form 4 Form 4T Form 5S Form 6 If you are a grantor trust, a member of a combined return, or a disregarded entity, you must provide the name and SSN/FEIN of the reporting taxpayer: Name: SSN or FEIN: Part 2: Agreement to File I, , as a nonresident partner, member, shareholder, or beneficiary of the pass-through entity or entities provided in Part 3, request that each pass-through entity provided in Part 3 be exempt from the Wisconsin income or franchise tax withholding requirement in sec. 71.775, Wis. Stats., for the tax year provided in Part 3. By signing this affidavit I agree to timely file a Wisconsin income or franchise tax return for the tax year provided in Part 1. I agree to be subject to the personal jurisdiction of the Wisconsin Department of Revenue, the Wisconsin Tax Appeals Commission, and the courts of this state for the purpose of determining and collecting any Wisconsin taxes, including estimated tax payments, together with any interest and penalties. I agree to provide a copy of the approved Form PW-2 and any response letters received from the Wisconsin Department of Revenue to the pass-through entity or entities provided in Part 3 for which I am claiming the withholding exemption. Third Party Designee Do you want to allow another person to discuss this return with the department? Yes Complete the following. Phone Number Print Designee’s Name No Personal Identification Number (PIN) I declare that the information provided in this affidavit is complete and accurate, and that I meet all requirements of the exemption(s) checked in Part 5. I understand that the department will notify me of the approval or denial of this affidavit. I further understand that the approval or denial of this affidavit does not constitute an audit by the department and may not be appealed. Nonresident Owner’s Signature IC-005 (R. 10-19) Title (If Applicable) Date Clear Form PW-2 Nonresident Owner’s Name SSN or FEIN Page 2 of 2 Part 3: Information about Pass-Through Entity from which Nonresident Owner Received Pass-Through Income Note: If you (nonresident owner) are requesting a pass-through withholding exemption for more than one pass-through entity, complete a separate Part 3, Part 4, and Part 5 for each pass-through entity and include it with the Form PW-2. (see instructions) Indicate the number of pass-through entities for which you are requesting the exemption: Pass-Through Entity’s Name Pass-Through Entity’s FEIN or SSN Address Pass-Through Entity’s Last Day of Taxable Year City State Zip Code Check the appropriate box to indicate the type of pass-through entity: Tax Option (S) Corporation Partnership Estate or Trust Part 4: Nonresident Owner’s Distributive Share of Wisconsin Income and Credits from Pass-Through Entity Amount of Wisconsin income from the pass-through entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 Amount of Wisconsin credits from the pass-through entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .00 Caution: Nonresident owners with less than $1,000 of Wisconsin source income from a pass-through entity should not file Form PW-2 because the pass-through entity is already exempt from withholding on behalf of such nonresident owner. Part 5: Reason for Exemption (check all that apply) 1. You made estimated payments (or applied an overpayment from the prior tax year). Amount of your estimated payments including overpayments applied from the prior tax year . . . . . . . . .00 Caution: if your estimated payments were not sufficient to cover the income that will be allocated to you from the pass-through entity (after accounting for credits from the pass-through entity), include an explanation of the reason why you believe these estimated payments are sufficient. For example, you may have a loss from another activity that partially offsets your income from the pass-through entity. 2. You have a Wisconsin source net operating or business loss carryforward which exceeds the amount of Wisconsin income that will be allocated to you from the pass-through entity. Caution: Do not check this box unless you have filed Wisconsin income or franchise tax returns for each year of losses that produced the loss carryforward. Amount of your Wisconsin source net operating or business loss carryfoward . . . . . . . . . . . . . . . . . . . . .00 3. You have Wisconsin credits or credit carryforwards from other activities in the current taxable year which exceed the tax (before credits) attributable to your total Wisconsin income from the pass-through entity. Credit Name: Amount: If you have more than one credit, include a schedule detailing the name and amount of each credit, and provide the identification number of the source (if applicable). .00 SSN or FEIN of Source: 4. You are a pass-through entity and have withheld taxes on your Wisconsin income (including income passed through to you from a lower-tier entity) allocable to your nonresident partners, members, shareholders, or beneficiaries, unless an exemption applies. 5. Other (include an explanation) Explanation of the Reason for Exemption Fax the form to (608) 267-0834 (Use cover page provided with the instructions) If you are unable to fax the form, mail the completed form and attachments to: Wisconsin Department of Revenue PO Box 8906 IC-005 (R. 10-19) Madison, WI 53708-8906
2019 IC-005 Wisconsin Nonresident Partner Member Shareholder or Beneficiary Withholding Exemption Affidavit
More about the Wisconsin Form PW-2 Corporate Income Tax Nonresident TY 2019
We last updated the Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit in March 2020, so this is the latest version of Form PW-2, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form PW-2 directly from TaxFormFinder. You can print other Wisconsin tax forms here.
Other Wisconsin Corporate Income Tax Forms:
|Form Code||Form Name|
|Schedule CC||Request for a Closing Certificate for Fiduciaries|
|Schedule WD (Form 2)||Capital Gains and Losses|
|Form 4||Wisconsin Non-Combined Corporation Franchise or Income Tax Return|
|Form 2||Wisconsin Fiduciary Income Tax for Estates or Trusts|
|Schedule 3K-1||Partner's Share of Income, Deductions, Credits, etc|
Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Form PW-2 from the Department of Revenue in March 2020.
Form PW-2 is a Wisconsin Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Wisconsin Form PW-2
We have a total of eight past-year versions of Form PW-2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 IC-005 Wisconsin Nonresident Partner Member Shareholder or Beneficiary Withholding Exemption Affidavit
2018 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
2017 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
2016 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
2015 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit (fillable)
2013 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
2012 IC-005 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit
2011 Form PW-2 Wisconsin Nonresident Partner, Member, Shareholder, or Beneficiary Withholding Exemption Affidavit (fillable format)
While we do our best to keep our list of Wisconsin Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.