Form Wt 7 PDF Details

Every year, employers in Wisconsin face the important task of reconciling the state income tax they have withheld from their employees' earnings with the Wisconsin Department of Revenue by completing Form WT-7, also known as the Employers' Annual Reconciliation of Wisconsin Income Tax Withheld. This form serves as a comprehensive tool for businesses to report not only the total Wisconsin tax withheld as shown on W-2s and other information returns but also to compare this with the total tax withheld according to their payroll records across all four quarters of the fiscal year. Additionally, it accounts for 1099-MISCs/NECs and other informational returns, ensuring a holistic approach to tax reconciliation. An interesting aspect of Form WT-7 is its requirement for electronic filing, emphasizing the state’s move towards more efficient and secure processing of tax information. Furthermore, it caters to diverse scenarios by allowing businesses to indicate if they are filing an amended return, if the business address has changed, or if the business has been discontinued. Through detailed sections for both the calculation of totals from employee W-2s and quarterly tax withholding, to adjustment of overpayments or due amounts, Form WT-7 encapsulates the critical elements of annual tax reconciliation processes for businesses, thus ensuring they remain compliant with state tax obligations.

QuestionAnswer
Form NameForm Wt 7
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameswisconsin wt 7 fill, wi wt 7, wt 7 2020, wt7 form

Form Preview Example

Form

WT-7

EMPLOYERS

 

ANNUAL RECONCILIATION

 

Wisconsin

 

of Wisconsin Income Tax Withheld

Department of Revenue

Electronic Filing Required

Business Name

Legal Name

Mailing Address - Street or PO Box

City

State

Zip Code

 

 

 

DUE DATE:

Wisconsin Tax Account Number

Check here if this is an AMENDED return

Check here if W-2c is included

Check if address changed

Check if business discontinued (enter discontinuation date below)

Please complete this form if you have an active account even if you did not have employees this year.

(MM DD YYYY)

Federal Employer Identification Number

Print numbers like this 

Not like this 

 

 

 

NO COMMAS

1.

Enter the number of employee W-2s

1

 

 

 

 

 

2.

Enter the number of 1099-MISCs/NECs

2

 

 

 

 

 

3.

Enter the number of other informational returns

3

 

 

 

 

 

4.

Total (Add lines 1, 2, and 3)

4

 

 

 

 

 

5.

Total Wisconsin tax withheld shown on W-2s and other information returns

. . . . . .

5

 

6.

Wisconsin tax withheld according to payroll records for:

 

 

 

 

 

 

 

a. Quarter ended March 31 (Months of Jan, Feb, Mar) . . .

. . . . . . . . . . . . . . . . . . .

. 1st Qtr

6a

 

 

b. Quarter ended June 30 (Months of Apr, May, June) . . .

. . . . . . . . . . . . . . . . . . .

.2nd Qtr

6b

 

 

c. Quarter ended September 30 (Months of July, Aug, Sept)

6c

 

 

d. Quarter ended December 31 (Months of Oct, Nov, Dec)

. . . . . . . . . . . . . . . . . . .

. 4th Qtr

6d

 

 

e. Total (Add lines 6a, 6b, 6c, and 6d)

. . . . . . . . . . . . . . . . . . .

TOTAL

6e

7.

Enter the amount from line 5 or 6e. If the amounts are not equal, enter the larger amount .

7

 

8.

. . . . . . . . . . .Total withholding reported on Deposit Reports (Forms WT-6 or EFT)

. . . . . .

8

 

9.

If line 7 is more than line 8, enter the difference on line 9. This is the TAX AMOUNT DUE

9

 

. . . . . . .10. If line 8 is more than line 7, enter the difference as the amount OVERPAID

. . . . . .

10

 

NOTE: If you are an annual filer, payment should accompany this form.

This form must be filed ELECTRONICALLY, unless a waiver is approved by the department. See instructions.

Phone: (608) 266-2776

Email: dorwithholdingtax@wisconsin.gov

Website: revenue.wi.gov

I hereby declare that this Reconciliation is true and complete to the best of my knowledge and belief.

Contact Person (please print clearly)

Signature

Phone Number

Date

W-107 (R. 9-20)

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step 1 to writing wt 7 tax

The system will demand you to fill out the Enter the number of other, Total Add lines and, Total Wisconsin tax withheld, Wisconsin tax withheld according, a Quarter ended March Months of, b Quarter ended June Months of, c Quarter ended September Months, d Quarter ended December Months, e Total Add lines a b c and d, Enter the amount from line or e, Total withholding reported on, If line is more than line enter, If line is more than line enter, NOTE If you are an annual filer, and This form must be filed section.

Filling out wt 7 tax stage 2

Describe the main details about the I hereby declare that this, Contact Person please print clearly, Signature, Phone Number, Date, and W R section.

stage 3 to completing wt 7 tax

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