INSTRUCTIONS: WISCONSIN NONRESIDENT PARTNER, MEMBER, SHAREHOLDER, OR BENEFICIARY WITHHOLDING EXEMPTION AFFIDAVIT (Form PW-2)

Nonresident partners, members, shareholders or beneficiaries in a Wisconsin business can file a form PW-2 if they qualify for an exemption from having taxes withheld from their earnings. The form can be found on the website of the Wisconsin Department of Revenue.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 1: Part 1 on the first page will be provided only to the Department of Revenue. In the table under "Pass-Through Entity Information," give the business name, address, federal employer identification or Social Security number, and telephone number.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 2: Indicate with a check mark if the entity filing is a partnership, tax-option (S) corporation, estate or trust. Give the complete last date of your taxable year.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 3: Fill out the section labeled "Reporting Entity" if the nonresident is a disregarded entity, grantor trust or combined return filer.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 4: Provide the name, identification number, address, and telephone number of the nonresident under "Nonresident Information."

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 5: Indicate with a check mark the form used to report income or franchise tax for this period. Enter the amount of income and the number of credits from the pass-through entity.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 6: Under "Reason For Exemption," check the box next to the line stating your reason. If the third reason — Wisconsin source losses exceeding Wisconsin source income — applies, provide all information required about the loss. Similarly, if applying Wisconsin credits or credit carryforwards from other sources as listed in the fourth reason, document these credits as instructed.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 7: Part 2 on the second page is completed by the nonresident. If you want the form to be returned by fax, check line A. If you want it to be returned by mail, check line B.

Wisconsin Nonresident Partner, Member, Shareholder, Or Beneficiary Withholding Exemption Affidavit PW-2 Step 8: The taxpayer should sign and date the form, and provide their title.