Instructions For 2017 Sales, Use And Withholding Taxes Amended Monthly/quarterly Return (Form 5092) printable pdf download

2017 Form 5092, Page 2

Instructions for 2017 Sales, Use and Withholding Taxes

Amended Monthly/Quarterly Return (form 5092)

NOTE: You must use Form 165 to amend tax years prior to

Monthly Filer

2015.

• I f the tax is less than $9, calculate the discount by

Form 5092 is used to amend monthly/quarterly periods

multiplying the tax by 2/3 (.6667).

in the current year. Complete the return with the

• Enter $6 if tax is $9 to $1,200 and paid by the 12th, or $9

corrected figures. Check the box for each tax type you

to $1,800 and paid by the 20th .

are amending and provide the amended reason code

• I f the tax is more than $1,200 and paid by the 12th,

located in the instructions. If the reason code is “Other,”

calculate

discount

using

this

formula:

write an explanation for the amendment. Complete the

(Tax x .6667 x .0075). The maximum discount is $20,000

Sales, Use and Withholding Taxes Monthly/Quarterly

for the tax period.

and

Amended

Monthly/Quarterly

Worksheet

• If the tax is more than $1,800 and paid by the 20th,

(Form 5095, hereafter referred to as Worksheet 5095)

calculate

discount

using

this

formula:

prior to completing this form.

(Tax x .6667 x .005). The maximum discount is $15,000

IMPORTANT: This is a return for Sales Tax, Use Tax, and/

for the tax period.

or Withholding Tax. If the taxpayer inserts a zero on (or

Quarterly Filer

leaves blank) any line for reporting Sales Tax, Use Tax, or

Withholding Tax, the taxpayer is certifying that no tax is

• If the tax is less than $27, calculate the discount by

owed for that tax type. Only enter figures for taxes that you

multiplying the tax by 2/3 (.6667).

are registered and/or liable for. If it is determined that tax is

• En ter $18 if tax is $27 to $3,600 and paid by the 12th, or

owed, the taxpayer will be liable for the deficiency as well as

$27 to $5,400 and paid by the 20th.

penalty and interest.

• If the tax is more than $3,600 and paid by the 12th,

Reason code for amending return: Using the table below,

calculate

discount

using

this

formula:

select the two-digit code that best represents the reason for

(Tax x .6667 x .0075). The maximum discount is $20,000

amending the return. Enter the code in the appropriate field

for the tax period.

in the taxpayer information at the top of page 1.

• If the tax is more than $5,400 and paid by the 20th,

calculate

discount

using

this

formula:

Increasing tax liability

(Tax x .6667 x .005). The maximum discount is $15,000

for the tax period.

Decreasing tax liability

Accelerated Filer

Incorrect information/figures reported on original return

• If the tax is paid by the 20th, calculate discount using this

Original return was missing information/incomplete

formula: (Tax x .6667 x .005). No maximum discount

applies.

Claiming previously unclaimed prepaid sales tax

PART 2: USE TAx ON ITEMS PURChASED fOR

Dispute an adjustment

BUSINESS OR PERSONAl USE

Tax Exempt

Line 7: Carry amount from line 13 of Worksheet 5095. To

Other

determine your use tax due from purchases and withdrawals,

use the inventory value of the item and multiply by 6%.

PART 3: WIThhOlDINg TAx

PART 1: SAlES AND USE TAx

Line 8: Enter the total Michigan income tax withheld for the

Line 1a: Enter the amount from Worksheet 5095, line 4A.

tax period.

Line 1b: Enter the amount from Worksheet 5095, line 4B.

PART 4: TOTAl TAx/PAyMENT DUE

Line 2a: Total sales tax. Negative figures are not allowed.

Line 9: If amount is negative, this is the amount available for

This is your gross sales minus your allowable deductions

future tax periods (skip lines 10-14).

times 6%, which is the amount from line 7A on Worksheet

Line 10: Enter payments for this period including any

5095.

overpayments available from previous periods. If you are

Line 2b: Total use tax. Negative figures not allowed. This is

using an overpayment from a previous period only enter the

your gross sales minus your allowable deductions times 6%,

amount needed to pay the total liability for this return. In the

which is the amount from line 7B on Worksheet 5095.

event an overpayment still exists declare it on the next return

you file with a liability. (Liability minus overpayments/

Line 5: Enter total allowable discounts. Discounts apply

prior payment for this period must be greater than or equal

only to 2/3 (0.6667) of the sales and/or use tax collected at

to zero). When completing Form 5092, only report payments

the 6 percent tax rate. See below to calculate your discount

made for the taxes you are amending on line 10.

based on filing frequency:

Instructions For 2017 Sales, Use And Withholding Taxes Amended Monthly/quarterly Return (Form 5092)

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