Wisconsin Credit Union Adjustment to Income

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Credit Union Adjustment to Income
2023 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)Tab to navigate within form. Use mouse to check
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Schedule

CU-1

Wisconsin Department
of Revenue
Name

Save

Print

Credit Union Adjustment to Income

Clear

2023

File with Wisconsin Form 4 or 6

Read instructions before filling in this schedule

Federal Employer ID Number

Part I 	Computation of Percentage of Income Earned From Public and Non-Public Deposits
(A)
Public Deposits

(B)
Total Deposits

	1	 Deposits on Hand:
		 a	 January 1 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 b	 January 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 c	 February 28  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 d	 March 31  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 e	 April 30 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 f	 May 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 g	 June 30  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 h	 July 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 i	 August 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 j	 September 30 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
		 k	 October 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
l November 30 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
m	 December 31 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
n	TOTALS .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .
	2	

Monthly Average (divide line 1n by 13)  .  .  .  .  .  .  .  .  .  .  .  .  .

	3a	 Percentage of public deposits (divide line 2, column A, by line 2, column B, and multiply by 100) .  .  . 	 3a

.

%

	3b	 Percentage of non-public deposits (subtract the percentage on line 3a from 100%) .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 3b

.

%

Part II  Computation of Adjustment for Income Earned From Non-Public Deposits
	4	 Enter the credit union's income as reported or included on Form 4, line 1, plus the credit union's
addition modifications from Schedule 4V and minus its subtraction modifications from Schedule 4W
(see instructions) or Form 6, Part II, line 5 minus line 4o .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 4
		 Skip to line 9 if you are using the shortcut method.
	5	 Enter the credit union's expenses directly related to income from deposits (enter as a positive
		 number) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 5
	6	 Add lines 4 and 5 .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 6	
	7	 Multiply the amount on line 6 by the percentage of non-public deposits on line 3b and enter the
		 result .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 7
	8	 Enter the credit union's expenses directly related to income from non-public deposits
(enter as a positive number)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	 8
	9	 Subtract the amount on line 8 from the amount on line 7 and enter the result. Shortcut method:
		 Multiply the amount on line 4 by the percentage of non-public deposits on line 3b and enter the
result. Using either method, this is the amount of exempt income earned from non-public deposits.
Enter or include this amount on Schedule 4W, line 14 for Form 4 filers, otherwise enter on Form 6,
Part II, line 4n  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 	9
IC-080 (R. 8-23)

Extracted from PDF file 2023-wisconsin-schedule-cu-1.pdf, last modified August 2015

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More about the Wisconsin Schedule CU-1 Corporate Income Tax Tax Credit TY 2023

We last updated the Credit Union Adjustment to Income in February 2024, so this is the latest version of Schedule CU-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule CU-1 directly from TaxFormFinder. You can print other Wisconsin tax forms here.

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Other Wisconsin Corporate Income Tax Forms:

TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 2	Wisconsin Fiduciary Income Tax for Estates or Trusts Tax Return
Schedule CC	Request for a Closing Certificate for Fiduciaries
Form 4	Wisconsin Non-Combined Corporation Franchise or Income Tax Return Tax Return
Form 3	Form 3 Partnership Return Tax Return
Schedule FC	Farmland Preservation Credit Tax Credit

Download all WI tax forms View all 89 Wisconsin Income Tax Forms

Form Sources:

Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule CU-1 from the Department of Revenue in February 2024.

Show Sources >

Schedule CU-1 is a Wisconsin Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

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 Schedule CU-1

We have a total of twelve past-year versions of Schedule CU-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Schedule CU-1

2023 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

2022 Schedule CU-1

2022 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

2021 Schedule CU-1

2021 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

2020 Schedule CU-1

2020 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

2019 Schedule CU-1

2019 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

2018 Schedule CU-1

2018 IC-080 Schedule CU-1 Credit Union Adjustment to Income

2017 Schedule CU-1

2017 IC-080 Schedule CU-1 Credit Union Adjustment to Income

2016 Schedule CU-1

2016 IC-080 Schedule CU-1 Credit Union Adjustment to Income

2015 Schedule CU-1

2015 IC-080 Schedule CU-1 Credit Union Adjustment to Income (fillable)

Credit Union Adjustment to Income | Instructions

2013 Schedule CU-1

2013 IC-080 Schedule CU-1 Credit Union Adjustment to Income

2012 Schedule CU-1

2012 IC-080 Schedule CU-1 Credit Union Adjustment to Income

2011 Schedule CU-1

2011 Schedule CU-1 - Credit Union Adjustment to Income (pdf fillable format)

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