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4913, Page 4

• Net gains, not less than zero, from trading in stocks, bonds,

Penalty and Interest

or other securities.

If the sum of the estimated tax payments is less than 85 percent

• Interest charged to customers for carrying debit balances of

of the annual liability, the amount of the estimated tax payment

margin accounts.

doesn’t equal the quarter’s liability, or the taxpayer does

• Interest and dividends received.

not qualify for or has not satisfied the prior year safe harbor

• Any other gross proceeds resulting from the operation as a

provision, penalty and interest will accrue.

financial institution.

Penalty is 5 percent of tax due for the first two months by

All Taxpayers

which the payment is late. Penalty increases by an additional

5 percent per month, or fraction thereof, after the second month

Additional details regarding the calculation of the tax may be

to a maximum of 25 percent.

found in the forms and instructions provided on the Treasury

Web site at The Web site

The interest rate is adjusted by Treasury on January 1 and July

contains information taxpayers may find helpful in determining

1 of each year to 1 percent above the adjusted prime rate. For a

their estimated tax liability.

complete list of interest rates, see the Revenue Administrative

Bulletins on the Treasury Web site,

Using Personalized Estimate Returns

treasury.

Taxpayers that made estimated returns for the prior tax year on

Filing Quarterly Tax Returns

personalized returns provided by Treasury will again receive

Make a check payable to “State of Michigan” and write the

personalized estimate returns from Treasury.

taxpayer’s Federal Employer Identification Number (FEIN)

• File the original return and retain a copy.

or the Michigan Treasury (TR) assigned number, the tax year,

• Use the personalized returns whether you fill them out

and “CIT Q” on the front of the check. (Taxpayers expecting

yourself or get help from a tax preparer.

to file an MBT annual return should still write “CIT Q” on the

check.) Mail the check with the CIT Quarterly Return for the

• The use of a personalized return shortens the processing

applicable quarter. Do NOT staple the check to the return. Mail

time and reduces the chance of an error in posting the

the check and return to:

payment to the incorrect account.

Michigan Department of Treasury

• Do not use personalized returns if information on the return

PO Box 30774

is incorrect and DO NOT USE OTHER TAXPAYERS’

Lansing MI 48909-8274

RETURNS OR PHOTOCOPY THEIR FORMS. Doing so

could result in the payment posting to the wrong account.

• If using software to prepare the return, a personalized return

may be created by the software with which to submit the

payment.

If you lose a return or have not made estimated tax payments

before, visit w ww.michigan.gov/businesstaxes to obtain a

form.

Reporting Payments

Report all CIT estimated payments, whether made by check or

EFT, on the CIT annual return. (If filing a Michigan Business

Tax return, report all estimated payments on the MBT annual

return.)

NOTE: An annual return must be filed to claim a refund.

Instructions For Form 4913 - Michigan Corporate Income Tax (Cit) Quarterly Return - 2017 Page 4

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