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Generate WI forms PW-1 and PW-ES in Lacerte
by Intuit•1• Updated 5 months ago
WI Forms added to the Partnership, S Corporation, and Fiduciary modules:
- Form PW-1 - Wisconsin Nonresident Income or Franchise Tax Withholding on Pass-Through Entity Income
- Form PW-ES - Pass-Through Entity Withholding Estimated Payment Voucher
- Form PW-U - Underpayment of Estimated Withholding Tax by Pass-Through Entities
Notes:
- Forms PW-1, PW-ES, and PW-U are separately filed forms. These forms must be filed electronically.
- Wisconsin PW-1 box must be checked on Screen 1, Client Information under the Electronic Return section to generate the electronic file.
- Any current year withholding taxes due (Form PW-1), and next year's estimated withholding taxes due (Form PW-ES) must also be made electronically.
Required Entries:
To generate Form PW-1:
- Go to the State Credits screen:
- Screen 41, Credits (Partnership)
- Screen 47, Credits (S Corporate)
- Screen 57, Other Credits (Fiduciary)
- Click on Wisconsin Form PW-1/PW-ES/PW-U from the top left navigation panel.
- Check the box, Print PW-1.
To generate Form PW-ES:
Note: This voucher should only be used by pass-through entities required to withhold on income allocable to a nonresident shareholder, partner, member, or beneficiary.
- Go to the State Credits screen:
- Screen 41, Credits (Partnership)
- Screen 47, Credits (S Corporate)
- Screen 57, Other Credits (Fiduciary)
- Click on Wisconsin Form PW-1/PW-ES/PW-U from the top left navigation panel.
- Scroll down to the Form PW-U section.
- Enter the 20YY withholding tax computed.
Note: This entry is required to trigger Form PW-ES.