Wisconsin DOR Publishes Fact Sheet on Pass-Through Withholding, Use of Composite Returns by Pass-Through Entities

The Wisconsin Department of Revenue Jan. 3 published a fact sheet on pass-through entity withholding requirements and the use of composite returns by pass-through entities for individual income, corporate income, and trust income tax purposes. During the period of time an owner is considered a nonresident of the state, a pass-through entity must withhold income or franchise tax on Wisconsin income that is allocable to that owner, unless an exemption applies. The fact sheet includes: 1) due dates to make quarterly pass-through withholding payments; 2) a requirement for pass-through entities to file Form PW-1, Pass-through Withholding Return, to report their ...