Real Estate Transfer and Merger/Conversion
As of July 1, 2016, there is no longer a requirement to file Form MC-500: Wisconsin Merger/Conversion Report with the Wisconsin Department of Revenue. Only submit Form MC-500 for any mergers or conversions completed before July 1, 2016.
Section 77.22(1) of the Wisconsin Statutes provides that “…submission of a completed real estate transfer return and collection by the register of the fee shall be prerequisites to acceptance of the conveyance for recording.” All information on the transfer return is useful to the local assessor, other municipal and county officials and staff of the Department of Revenue who have a statutory responsibility in the administration of Wisconsin tax laws.
Section 73.14(1) of the Wisconsin Statutes provides that (1) If an acquired business entity in a merger or the converted business entity in a conversion owned a fee simple ownership interest in any Wisconsin real estate immediately prior to the merger or conversion, the surviving business entity shall submit a report to the Department of Revenue, on a form prescribed by the department, no later than 60 days after the effective date of the merger or conversion that provides the following information.
- Merger/Conversion Report - MC-500
FOR MORE INFORMATION CONTACT:
WISCONSIN DEPARTMENT OF REVENUE
Local Government Services Bureau
PO Box 8971, MS 6-97
Madison, WI 53708-8971
Phone: (608) 264-6885 or (608) 266-1594
Fax: (608) 264-6897
Email additional questions to DORERealEstateTransfer@wisconsin.gov
Page last updated July 1, 2016