Instructions For Form 807 - Composite Individual Income Tax Return (Page 3 of 4) in pdf

2016 807, Page 8

C corporation members reported here is not the amount used

the

Schedule

Participants.

not

to compute CIT liability and is for reconciliation purposes of

enter withholding that has been claimed on any other

this return only. Use additional copies of Schedule B as needed.

composite return or that has been refunded on Form

Subtotal each schedule and include a grand total of Columns 1

4918. Note: Form 4918 is required and must be filed

and 2b on the first page of the schedule. Carry the grand total

prior

claiming

any

Michigan

withholding

of Column 1 to line 15.

Form 807.

Line 24: Pay. If line 22 plus line 23 is less than line 21, enter

Schedule C, S chedule of Michigan Resident Members:

the balance of the tax due. This is the tax owed with the return.

Complete this schedule for Michigan resident members only.

Enter any applicable penalties and interest in the spaces provided.

A Michigan resident may not participate on Schedule A. Use

additional copies of Schedule C as needed. Flow-through

Add tax, penalty and interest together and enter the total on this

line. Make the check payable to “State of Michigan.” Write the

withholding (FTW) is not required for Michigan residents.

filing company’s FEIN, “Composite Return,” and the tax year

Subtotal each schedule and include a grand total of Columns 1

on the front of the check. To ensure accurate processing of the

and 2b on the first page of the schedule. Carry the grand total

return, send one check for each return type. If balance due is less

of Column 1 to line 14.

than $1, no payment is required. To compute applicable penalty

Tiered Structures:

In some cases, the payer on Schedule A,

and interest visit

B, or C might not be the entity filing this return; if the filer is

Line 27: Refund. If line 22 plus line 23 exceeds line 21,

part of a tiered structure and the source FTE paid withholding

the overpayment will be refunded. Treasury will not refund

directly on behalf of a participating nonresident individual or

amounts less than $1.

trust by looking through the filer, enter the source FTE’s FEIN

as the payer.

Mail completed returns to:

If an intermediate FTE participates on Schedule A, enter only

Michigan Department of Treasury

the portion of the intermediate FTE’s distributive share of

P.O. Box 30058

Michigan income, distributive share of tax, and withholding

Lansing, MI 48909

that is attributable to ultimate members that are nonresident

Additions

individuals or trusts. If any of the intermediate FTE’s income

Lines 28 thr ough 32: Enter income from lines 2, 3c, 5,

is attributable to non-participants or to Michigan residents,

6a, 7, 8, 9a, 10 and 11 of U.S. Form 1065 Schedule K and

the remaining portion of the intermediate FTE’s income, and

from lines 2, 3c, 4, 5a, 6, 7, 8a, 9 and 10 of U.S. Form 1120S

withholding must be entered on Schedule B or Schedule C,

Schedule K. Guaranteed payments, income attributable to other

respectively.

Michigan fiduciaries or FTEs should be allocated to Michigan

Line-by-Line Instructions

on lines 39 through 42. See instructions below.

Line 33:

Enter the amounts of state and local income tax

Lines not listed are explained on the form.

used to determine ordinary income on U.S. Form 1065,

Line 10: Enter

the

apportionment

percentage

from

line 22 or U.S. Form 1120S, line 21.

Form MI-1040H. See MI-1040H instructions on determining the

Line 34: Enter other additions to income, such as gross

apportionment percentage and for information regarding income

interest and dividends from obligations or securities of states

tax nexus standards.

and their political subdivisions other than Michigan.

Line 13: The amount on this line should equal the total of lines

14, 15 and 16.

Subtractions

Complete Schedule A, Schedule of Participants and if

Note: Charitable contributions and other amounts

applicable, Schedule B, Schedule of Nonparticipants and

reported as itemized deductions on U.S. Schedule A are

Schedule C, Schedule of Michigan Resident Members before

not allowed as subtractions when determining Michigan

continuing to line 14.

See instructions preceding the

taxable income.

line-by-line instructions on page 7.

Line 3 6: Enter income (loss) from other fiduciaries or

Line 14: Carry the total from Column 1 of the Schedule C,

other FTEs included in income. Losses must be added back.

Schedule of Michigan Resident Members to this line.

Attach a schedule showing the location of each company and

Line 15: Carry the total from Column 1 of the Schedule B,

amount of income attributable to each. Itemize the income by

Schedule of Nonparticipants to this line.

ordinary, interest, dividend, rental, etc.

Line 16: Carry the total from Column 1 of the Schedule A,

Line 3 7: Enter amounts such as interest from U.S.

Schedule of Participants to this line.

obligations that are included in line 30a, and other deductions

for AGI (above the line) that were not included in determining

Line 21: Multiply line 20 by the tax rate given on line 21. The

ordinary income. This includes section 179 depreciation

product should reconcile to the grand total from Column 2 of

and amounts included on line 12[c][2] of U.S. Form 1120S

the Schedule A, Schedule of Participants.

Schedule K

and on line 13[c][2] of U.S. Form 1065 Schedule

Line 23:

Enter the total of FTW payments made on

K. The domestic production activities deduction may be

behalf of participating members from Column 3b of

claimed. Calculate the qualified production activities income

Instructions For Form 807 - Composite Individual Income Tax Return Page 3

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