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limitations as may be prescribed with respect thereto. The

Michigan company doing business in the company’s home

exclusion for disability insurance premiums does not include

state. In column B, “Michigan,” enter actual payments made to

credit insurance or disability income insurance premiums.

Michigan.

Lines 38 through 42: Attach proof of payment for any items

CREDITS

listed in the “Michigan” column. Itemize any other assessments

Line 20: Enter the amounts paid to the listed facilities or

not listed. Attach a separate list if necessary.

associations from January 1, 2012, to December 31, 2012,

Line 44: Enter the sum of accelerated and certificated

the year immediately preceding the 2013 tax year, including

refundable credits:

special assessments. Net the amounts paid and refunds received

during the 2011 tax year for the same facility or association.

• Accelerated credits: The amount from the Request for

If refunds received exceed the amount paid in the year for the

Accelerated Payment for the Brownfield Redevelopment

same facility or association, enter zero.

Credit and the Historic Preservation Credit (Form 4889),

line 10. (If the taxpayer has filed more than one Form 4889

Line 22a: Enter the amount of Michigan Examination Fees

during the tax year, enter here the combined total of credits

paid in 2013 (under Michigan Compiled Law 500.224).

claimed on all Forms 4889, line 10);

Line 24: Enter the Miscellaneous Nonrefundable Credits from

• Certificated Refundable credits: The sum of the amounts

Michigan Business Tax Miscellaneous Credits for Insurance

reported on Form 4596, lines 2, 3, and 4.

Companies (Form 4596), line 28.

Line 46: Subtract line 45, column B, from line 45, column A.

Retaliatory Instructions

If less than zero, enter zero. If line 45, column B, is a negative

For foreign and alien insurers only; domestic insurers skip

number, add column A to the negative number in column B.

lines 30 through 46.

This will increase the retaliatory amount reported.

Do not mail this return with the Michigan Annual Financial

PAYMENTS, REFUNDABLE CREDITS, AND TAX DUE

Statement, and do not send the annual statement filing fee

Line 49: Enter the total tax paid with the quarterly estimated

with this return. The taxpayer will be billed separately for the

tax returns.

annual statement filing fee by the Michigan Insurance Bureau.

Line 50: Enter the total withholding payments made on

Foreign insurers must pay to Michigan the same type of

your behalf by flow-through entities (FTEs). Include all

obligation a similar Michigan insurer is required to pay in the

withholding payments made on returns that apply to the tax

company’s state of domicile. Enter all items that are required

year included in this return. Included on this line would be

of a Michigan insurance company. Some taxes and obligations

Flow-Through Withholding (FTW) payments made by flow-

imposed in other states may have no corresponding requirement

through entities whose tax years ended with or within the tax

in Michigan; however, this does not relieve the foreign insurer

year included in this return. For example, consider an FTE

from the obligation of computing and paying the tax.

partnership with a June 30 year end and a taxpayer that has a

March 31 year end and is an owner of the FTE. The FTE will

Do not include the following Michigan assessments,

make quarterly FTW payments in April 2014 (for its quarter

or comparable assessments in the company’s state of

ending March 31) and July 2014 (for its quarter ending June

incorporation, in the retaliatory calculation:

30), and will file an annual FTW reconciliation return (Form

• Michigan Workers’ Compensation Placement Facility

4918) for its year ending June 30, 2014. Because the FTE’s

• Michigan Basic Property Insurance Association

tax year ends within the taxpayer’s 2014-15 fiscal year, all

• Michigan Automobile Insurance Placement Facility

the FTW payments for that taxpayer are attributable to the

• Property and Casualty Guaranty Association

taxpayer’s 2014-15 fiscal year, regardless of the dates of the

quarterly payments.

• Michigan Life and Health Insurance Guaranty Association

• Catastrophic Claims Association

If an amount is entered on this line, complete the MBT

Schedule of Flow-Through Withholding (Form 4966) to

• Assessment under Health Insurance Claims Assessment Act

account for the Flow-Through Withholding payments received.

(HICAA).

The amount entered on this line must equal the sum of the

California insurers must include Bureau of Fraudulent Claims

combined amount from Form 4966, column E.

assessments. New York domiciled companies must file and

Line 51: Enter any tentative payment of estimated tax made

pay a tentative retaliatory tax to Michigan by the annual due

with a request for an extension of time to file the return.

date, March 1, 2013. An amended Form 4588 must be filed after

the actual CT33 is filed with New York. Transfer the CT33

Line 52: If claiming a credit, enter the amount from Form

numbers onto the amended Form 4588 and attach a copy of the

4596, line 5.

CT33 to substantiate the taxpayer’s claim.

Amended Returns Only:

Line 30: Enter the tax a Michigan company would pay in the

Line 54a: Enter payment made with the original return.

state of incorporation for the company’s Michigan business.

Line 54b: Enter overpayment received (refund received plus

Attach a copy of the state’s tax form on which Michigan

credit forward created) on the original return.

premiums were reported.

Line 54c: Add lines 53 and 54a and subtract line 54b from

Lines 32 through 42: In column A, “State of Incorporation,”

the sum.

enter the payments that would have been payable by a similar

Form 4588 - Insurance Company Annual Return For Michigan Business And Retaliatory Taxes - 2013 Page 4

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