New E-File Reject for Form 5S Gross Receipts

DOR implemented a new electronic filing reject for the 2016 Form 5S which requires entry of total company gross receipts on Form 5S, line 23. "Total company gross receipts" is necessary for DOR to ensure that credits and surcharge are computed correctly. "Gross receipts" includes gross sales, gross dividends, gross interest income, gross rents, gross royalties, the gross sales price from the disposition of capital assets and business assets, gross receipts passed through from other entities, and all other receipts that are included in gross income before apportionment for Wisconsin franchise or income tax purposes.

Exception: Entry on line 23 is not required for a first or final return.

February 23, 2017