Get 2013 Ic-047 Form 4bl Wisconsin Net Business Loss Carryforward. Wisconsin Net Business Loss

Filling out the 2013 IC-047 Form 4BL is an essential step for businesses in Wisconsin looking to carry forward net business losses. This guide will provide comprehensive and step-by-step instructions to help you complete the form accurately and efficiently.

Follow the steps to successfully complete your form.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred document editing tool.
2. Begin by entering your name and Federal Employer ID Number at the top of the form. This identification will help the Wisconsin Department of Revenue process your form correctly.
3. Proceed to Part I for separate entity corporations. In column (a), list the years for which you are reporting net business losses, beginning with the 30th preceding taxable year down to the 1st preceding taxable year.
4. In column (b), enter the losses incurred for each corresponding year listed in column (a). Make sure to provide accurate figures to reflect your business's financial situation.
5. In column (c), provide the income earned in each specific year, as this will be necessary for calculating the losses used or expired.
6. Continue to column (d) to indicate how much of each loss was used or expired during the specific years, ensuring you maintain accurate records.
7. In column (e), record the years in which the losses were incurred, helping to clarify the timeline of your business's net losses.
8. For columns (f), calculate and input the remaining loss available after accounting for any losses used or expired.
9. If applicable, complete Part II for combined group members following the same approach as Part I, ensuring to detail losses and income for group members.
10. Once all sections are completed and reviewed for accuracy, save your changes, and you have the option to download, print, or share the form as needed.

Be proactive and complete your Wisconsin Net Business Loss Carryforward form online today!