How to File LLC Taxes in Wisconsin

You must submit LLC taxes to the state of Wisconsin if you own a business and have registered it as a limited liability company (LLC). We’ll go over the procedures you must follow in order to file your LLC taxes in Wisconsin in this article.

An Employer Identification Number (EIN) from the IRS is the first thing you’ll need to get. To open a bank account, recruit staff, and submit taxes, you need this number. On the IRS website or via mail, you can submit an EIN application.

The Wisconsin Department of Financial Institutions (DFI) must receive an annual report from you. By the end of the quarter that follows the anniversary month of the LLC, the annual report is required. For instance, your annual report is required by the end of April if your LLC was established in January. $25 is the annual report cost.

Additionally, you must submit a Wisconsin LLC tax return. The 15th day of the third month following the conclusion of the LLC’s taxable year is when the tax return for the LLC is due. For instance, if the tax year for your LLC ends on December 31, the next year’s tax return is due on March 15.

Filling out Form 5S is required in order to submit your LLC tax return. The Wisconsin Department of Revenue website has access to this form. To determine your tax obligation, you must fill out this form with the income and deductions for your LLC.

You risk fines and interest charges if you don’t submit your yearly report or LLC tax return. Additionally, your LLC will be administratively terminated if you fail to submit your annual report for two years in a row.

Finally, in order to file Wisconsin LLC taxes, you must apply for an EIN, submit an annual report to the DFI, and file a Wisconsin LLC tax return. The LLC tax return is due by the 15th day of the third month following the end of the LLC’s taxable year, and the annual report is due by the end of the quarter that follows the LLC’s anniversary month. In order to avoid penalties and interest charges, make sure to file on time.