Instructions For Payments Of Michigan Sales, Use, Withholding, And Other Michigan Business Taxes Using Electronic Funds Transfer (Eft) Credit printable pdf download

Instructions For Payments Of Michigan Sales, Use, Withholding, And Other Michigan Business Taxes Using Electronic Funds Transfer (Eft) Credit

Michigan Department of Treasury

2329 (Rev. 01-17)

Instructions for Payments of Michigan Sales, Use, Withholding, and Other

Michigan Business Taxes Using Electronic Funds Transfer (EFT) Credit

NOTE: These instructions also provide guidance for payments of the City of Detroit Corporate Income Tax and

Income Tax Withholding administered by the Michigan Department of Treasury.

You have selected Electronic Funds Transfer (EFT) Credit as your payment method. Provide a copy of these

procedures to your contracted EFT provider or financial institution to ensure proper formatting of EFT credit

payments made to the Michigan Department of Treasury (Treasury).

1. EFT credit payments made to Treasury must use the Cash Concentration and Disbursement plus

Addenda (CCD+) record format. If the payment data is not provided in this specific formatting,

Treasury will not recognize the payment or payment effective date and result in the incorrect posting of

your payment.

2. Determine the data fields you must include in the EFT Addendum record. This will include the

taxpayer identification number, tax type code, and the tax period end date for which you are reporting.

Your taxpayer identification number will remain constant. The tax type code will change based upon

whether you are making a monthly/quarterly or annual payment. The tax period end date will change

with each monthly/quarterly or annual payment you send, unless sending multiple payments for the

same period.

3. When you are ready to make a payment, arrange for the creation and transmission of your EFT Credit

file to the State of Michigan financial institution account.

4. See attached "Appendix A" to determine the applicable tax type code(s), Routing Transit Number and

Financial Institution Account Number that the payment transmission should be designated to.

NOTE: Many financial institutions require at least 24 hours advance notice before a transmission is completed.

Contact your financial institution for proper lead times and specific deadlines to ensure a timely payment is

received by Treasury either on or before the due date.

Instructions For Payments Of Michigan Sales, Use, Withholding, And Other Michigan Business Taxes Using Electronic Funds Transfer (Eft) Credit