Closing a Business

Follow these steps to close your business with the Wisconsin Department of Revenue and prevent future notices and assessments. You must file a return for each period the business was active.


Employee Withholding Tax

Sales and Use Tax

Income or Franchise Tax

Partnerships and S corporations - Provide a copy of final Schedule 3K–1 or Schedule 5K–1 to partners or shareholders

Other Tax Types

Review federal responsibilities. See Internal Revenue Service Closing a Business Checklist

Applicable Laws and Rules

This document provides statements or interpretations of the following laws and regulations in effect as of February 19, 2020: Sections 71.20, 71.24, 71.32, 77.58, 78.13, 78.50 and 78.59, Wis. Stats.

Laws enacted and in effect after February 19, 2020, new administrative rules, and court decisions may change the interpretations in this document. Guidance issued prior to February 19, 2020, that is contrary to the information in this document is superseded by this document, pursuant to sec. 73.16(2)(a), Wis. Stats.

Guidance Document Certification: https://www.revenue.wi.gov/Pages/Certification-Statement.aspx

Guidance Document Number: 100100

February 19, 2020