Form C-8009 - Michigan Sbt Allocation Of Statutory Exemption, Standard Small Business Credit And Alternate Tax For Members Of Controlled Groups - 2007 Page 2

Download a blank fillable Form C-8009 - Michigan Sbt Allocation Of Statutory Exemption, Standard Small Business Credit And Alternate Tax For Members Of Controlled Groups - 2007 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form C-8009 - Michigan Sbt Allocation Of Statutory Exemption, Standard Small Business Credit And Alternate Tax For Members Of Controlled Groups - 2007 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

FEIN or TR Number
C-8009, Page 2
PART 5: STANDARD SMALL BUSINESS CREDIT
a.
b.
c.
d. Total
Add columns a-c across. Enter total in column d.
19.
Tax base from C-8000, line 32a or 32b
(whichever applies)
20.
Tax base for credit. Multiply line 19 column d by 45%
If line 11 column d exceeds line 20, this credit cannot be taken. Skip line 21 and enter zero on line 22.
%
21.
Income percentage. Divide line 11 column d by line 20 and multiply by 100 to find percentage
%
22.
Credit percentage. Subtract line 21 from 100%.
23.
Tax After Investment Tax Credit from C-8000, line 44. If
apportioned or allocated gross receipts are less than
$100,000, enter zero
24a.
Standard small business credit. Multiply line 23 by line 22
b.
Reduced credit. Multiply line 24a by reduced credit
percent from table on page 2 of Form C-8000C
25.
Tax after standard small business credit.
Subtract line 24a or b, whichever applies, from line 23
If combined gross receipts (annualized if short period return) are greater than $9,000,000 but not more than $10,000,000
complete Part 6; if not, go to Part 7.
PART 6: REDUCTION BASED ON EXCESS GROSS RECEIPTS
Filers whose gross receipts (annualized if short period return) are greater than $9,000,000, but not more than $10,000,000,
must complete this section.
26.
Gross receipts from Part 3, line 12
27.
Excess gross receipts. Subtract $9,000,000 from line 26 column d
%
28.
Excess percentage. Divide line 27 by $1,000,000
%
29.
Allowable percentage. Subtract line 28 from 100%
30.
Enter the tax before credits from line 13 or 23
31.
Enter credit from line 17a or b or line 24a or b
(whichever applies)
32.
Multiply line 31 by the percentage on line 29
33.
Subtract line 32 from line 30. Enter here and on Part 7,
line 34 or line 35, whichever applies
PART 7: ALTERNATE TAX OR TAX AFTER STANDARD SMALL BUSINESS CREDIT
34.
Alternate Tax. Enter the amount from line 18 or line 33,
whichever applies, here and on each member's C-8000C,
line 27 or C-8000, line 45
35.
Tax After Standard Small Business Credit. Enter
the amount from line 25 or line 33, whichever applies,
here and on each member's C-8000C, line 27 or
C-8000, line 45

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2