Form 5462 - City Of Detroit Income Tax - Estates And Trusts - 2016

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Michigan Department of Treasury - City Tax Administration

5462 (01-17)

Check if this is an

2016 City of Detroit Income Tax — Estates and Trusts

amended return.

See instructions.

Issued under authority of Public Act 284 of 1964, as amended.

1. Return is for the city of

City Code (see instructions)

DETROIT

170

Return is due April 18, 2017.

MM-DD-YYYY

2. Return is for calendar year 2016 or for tax year beginning:

and ending:

3. Name of Estate or Trust

4. Federal Employer Identification Number (FEIN)

5. Title of Fiduciary

6. Address

City

State

ZIP/Postal Code

Country Code

7. Type of Return (check one)

8. If this is amended due to a federal audit, enter the federal determination date

Estate

Simple Trust

Complex Trust

InComE AnD ADjuSTmEnTS

9. Net income (or loss) from business located in Detroit (include federal schedule) ...........................................

10. Net income (or loss) from rental property in Detroit (include federal schedule) ..............................................

10.

11. Net gain (or loss) from sale or exchange of tangible property in Detroit (include federal schedule) ...............

11.

12. Other Detroit income (include federal schedule) .............................................................................................

12.

13. Add line 9 through line 12 ................................................................................................................................

13.

14. Total distributable income from Schedule G, line 16 .......................................................................................

14.

15. Subtract line 14 from line 13 ............................................................................................................................

15.

16. Exemption Amount (estate $600; simple trust $300; complex trust $100) ......................................................

16.

17. Net income. Subtract line 16 from line 15........................................................................................................

17.

18. Renaissance Zone Deduction (include Renaissance Zone Approval Letter) ..................................................

18.

19. Total income subject to tax. Subtract line 18 from line 17 ...............................................................................

19.

20. Tax. Multiply line 19 by 1.2% (0.012) ...............................................................................................................

20.

pAymEnTS AnD CREDITS

21. Tax withheld .....................................................................................................................................................

21.

22. 2016 estimated payments, credits, and other payments (see instructions).....................................................

22.

23. Total payments and credits. Add line 21 and line 22 .......................................................................................

23.

pAymEnT DuE oR ovERpAymEnT

24. payment Due. Subtract line 23 from line 20. If line 20 is less than line 23, leave blank and continue

to line 25. .........................................................................................................................................................

24.

25. Overpayment. Subtract line 20 from line 23 ....................................................................................................

25.

26. Credit Forward. Amount on line 25 to be credited forward and used as an estimate for next tax year ...........

26.

27. Refund. Subtract line 26 from line 25 .............................................................................................................

27.

Taxpayer Certification.

Preparer Certification.

I declare under penalty of perjury that the information in this

I declare under penalty of perjury that this

return and attachments is true and complete to the best of my knowledge.

return is based on all information of which I have any knowledge.

Preparer’s PTIN, FEIN or SSN

By checking this box, I authorize the Michigan Department of Treasury

to discuss my return with my preparer.

Authorized Signer’s Name (print or type)

Date

Preparer’s Business Address and Telephone Number (print or type)

Title

Telephone Number

ALL RETuRnS, mail to: Michigan Department of Treasury, City Tax Administration, PO Box 30813, Lansing MI 48909

WITH pAymEnT. Pay amount on line 24. Make check payable to “State of Michigan - Detroit.” Print taxpayer FEIN and “2016 Form 5462” on the front of the

check. Do not staple the check to the return.

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