Form Mi-1045 - Application For Michigan Net Operating Loss Refund - 2002 Page 4
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MI-1045
Application for Refund from
Carryback of Net Operating Loss
Column A
Column B
Column C
PART 2 -- Redetermining Your Michigan Income Tax
___________
___________
_______
___________
_______
23.
Enter the year that you are carrying the NOL to
.00
.00
.00
24.
Reported federal adjusted gross income
25.
Additions from MI-1040, explain
.00
.00
.00
.00
.00
.00
26.
Total. Add lines 24 and 25
27.
Subtractions from MI-1040, explain
.00
.00
.00
.00
.00
.00
28.
Balance. Subtract line 27 from line 26
.00
.00
.00
29.
Less NOLD
.00
.00
.00
30.
Balance. Subtract line 29 from line 28
.00
.00
.00
31.
Less Michigan exemption allowance
.00
.00
.00
32.
Taxable balance
.00
.00
.00
33.
Tentative tax
.00
.00
.00
34.
Less nonrefundable tax credits
.00
.00
.00
35.
Tax due. If less than zero, enter zero
.00
.00
.00
36.
Less: a. Refundable tax credits
.00
.00
.00
b. Tax withheld
.00
.00
.00
c. Tax paid with prior returns
.00
.00
.00
d. Estimated tax payments
.00
.00
.00
37.
Total of items 36a - d
.00
.00
.00
38.
Tax previously refunded or carried to next year
.00
.00
.00
39.
Balance of tax paid. Subtract line 38 from line 37
.00
.00
.00
40.
Overpayment. Subtract line 35 from line 39
I declare under penalty of perjury that this return is based on all
I declare under penalty of perjury that the information in this return and attachments is true and
information of which I have any knowledge.
complete to the best of my knowledge.
4
Preparer's SSN, PTIN or FEIN
4
Yes
No
I authorize Treasury to discuss my return with my preparer.
Filer's Signature
Date
4
Preparer's Name and Address
Spouse's Signature
Date
Line-by-Line Instructions for Part 2: Redetermining Your Michigan Income Tax
Note: For loss years ending in 2001 and 2002, the carryback rules for most Michigan and federal NOLs have changed. In general,
NOLs incurred in these tax periods are now carried back 5 years instead of 2 years. Any remaining loss may then be carried forward
20 years. See the U.S. 1045 instructions for exceptions to the general rules for federal NOLs. These exceptions also apply to
Michigan NOLs.
Line 25: Additions from MI-1040. Include here any additions
Line 34: Enter the total of nonrefundable credits claimed on
shown on your original return.
your original return.
Line 27: Subtractions from MI-1040. Include here any
Line 36a: Enter the total of refundable credits for: homestead
subtractions shown on your original return.
property tax, home heating and farmland preservation. Any
credit entered here must be adjusted for the NOLD adjustment
Line 29: Enter your Michigan NOL from line 21, page 1 for
to household income, if applicable. Be sure to attach your
1998 and later, or from line 22, page 2, for years prior to 1998.
amended credit form.
Line 30: If line 30 is less than $0, enter that amount on line 29
Line 36c: Enter the total of the following for the year listed on
in the next column. Cannot exceed line 29 of the preceding
line 23; tax paid with the annual return and any additional tax
column.
paid after the original return was filed.
Line 33: Tentative tax. This amount cannot be less than zero.
Mail your completed form to:
Michigan Department of Treasury
Lansing, MI 48956
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