Note: A telecommunications company that is a corporation may be in a combined group for taxable years beginning on or after January 1, 2009. See s. Tax 2.61(2) for a description of corporations required to use combined reporting.
Note: Telecommunications companies that are in combined groups must adjust the numerator and denominator of each of their apportionment factors and then convert the arithmetical average of these factors to the modified sales factor. The modified sales factor then determines the company's Wisconsin share of the combined group's apportionable income. See s. 71.255(5), Stats., and s. Tax 2.61(7) for details.
Note: The provisions of s. Tax 2.502 first apply for taxable years beginning on January 1, 2005.
Wis. Admin. Code Department of Revenue Tax 2.502
Section Tax 2.502 interprets ss. 71.04(8) (b) and (c) and 71.25(10) (b) and (c), Stats.