Disclosure of Reportable Transactions - Taxpayer Requirements

  1. What am I required to disclose to Wisconsin?

  2. What form do I use to disclose a reportable transaction to Wisconsin?

  3. What if I'm not required to file a Wisconsin income or franchise tax return?

  4. For corporations, how should a member of a consolidated group make the disclosure?

  5. When do I have to make the disclosure to Wisconsin?

  6. Where do I send my Wisconsin disclosure statements?

  7. What penalties apply to taxpayers if they fail to follow these requirements?

  8. If a reportable transaction was not a listed transaction when I entered into it but the IRS later identified it as a listed transaction, is it still considered a listed transaction?

  9. Are there other consequences for failing to follow these requirements?


FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Tax Shelters Program
PO Box 8958
Madison, WI 53708-8958
Phone: (608) 266-2772
Fax: (608) 267-0834
Email additional questions to DORFranchise@wisconsin.gov

January 31, 2019