Wisconsin Responds to TEI Comments on Combined Return Regulations
On February 22, 2010, the Wisconsin Department of Revenue sent TEI a letter confirming TEI's comments had a significant impact on Wisconsin's final combined return regulations.
TEI Comments on Proposed Wisconsin Combined Reporting Regulations
On October 15, 2009, TEI filed comments on Wisconsin's proposed combined reporting regulations. TEI's comments focused on: (1) the basis of assets owned by corporations that have not previously filed Wisconsin corporate income tax returns; (2) the calculation and sharing of research credits and carryforwards between members of a combined group; (3) the sharing of net business loss carryforwards between members of a combined group; (4) the mechanics of the controlled group election; and (5) the selection of a designated agent for a combined group.