Form 4966 - Michigan Business Tax Schedule Of Flow-Through Withholding

Instructions for Form 4966

Michigan Business Tax Schedule of Flow-Through Withholding

Columns A and B: Identify each flow-through entity that

Purpose

remitted Flow-Through Withholding payments on behalf of the

taxpayer filing this form by name and FEIN.

The purpose of this form is to report the Flow-Through

Withholding payments made by a flow-through entity on behalf

Column C: UBGs only: Enter an ‘X’ in this column if

of a Michigan Business Tax (MBT) filer.

the flow-through entity is in a UBG with the member that is

completing this form.

General Instructions

Column D: Enter the apportioned distributive share of the

This form is intended to be used by a taxpayer that is a

flow-through entity’s taxable income received by the taxpayer

standard filer, insurance company, financial institution, or

Unitary Business Group (UBG) that has an ownership or

completing this form.

beneficial interest in a flow-through entity that has remitted

Column E: Enter the total withholding payments paid on

Flow-Through Withholding payments to the state of Michigan

behalf of the taxpayer filing this form that apply to the tax year

on behalf of the taxpayer that is filing this form. Reported on

included in this return. Included on this column would be Flow-

this form will be the Flow-Through Withholding payments

Through Withholding (FTW) payments made by flow-through

made by the flow-through entity if that flow-through entity’s

entities (FTEs) whose tax years ended within the tax year of

tax year ended with or within the tax year of the taxpayer filing

the taxpayer filing this form. For example, consider an FTE

this form.

partnership with a June 30 year end and a taxpayer that has a

A flow-through entity is an entity that, for the applicable tax

March 31 year end and is an owner of the FTE. The FTE will

make quarterly FTW payments in April 2014 (for its quarter

year, is treated as a subchapter S Corporation under section

ending March 31) and July 2014 (for its quarter ending June

1362(a) of the internal revenue code, a general partnership, a

30), and will file an annual FTW reconciliation return (Form

trust, a limited partnership, a limited liability partnership, or a

4918) for its year ending June 30, 2014. Because the FTE’s tax

limited liability company that is not taxed as a C Corporation

year ends within the taxpayer’s 2014-15 fiscal year, all the FTW

for federal income tax purposes.

payments for that taxpayer are attributable to the taxpayer’s

2014-15 fiscal year, regardless of the dates of the quarterly

Column-by-Column Instructions

payments. Any flow-through entity that has withheld on behalf

Name and Account Number: Enter the name and Federal

of the taxpayer filing this form should have provided the

Employer Identification Number (FEIN) of the taxpayer as

taxpayer the amount for its records.

reported on page 1 of the Michigan Business Tax Annual

Return (Form 4567), Insurance Company Annual Return

The combined amount entered in this column should be entered

on line 62 of Form 4567 if this form is filed by a standard

for Michigan Business and Retaliatory Taxes (Form 4588),

taxpayer; line 68 of Part 2B of the MBT UBG Combined Filing

or Michigan Business Tax Annual Return for Financial

Schedule for Standard Members (Form 4580) if this form is

Institutions (Form 4590).

filled out by a member of a UBG of standard taxpayers; line

UBGs: Complete one form for each member of the UBG. Enter

50 of Form 4588 if this form is filled out by an insurance

the FEIN and name of the Designated Member in the Taxpayer

company; line 35 of Form 4590 if this form is filled out by a

Name and FEIN fields and the member’s name and FEIN to

financial institution; or line 35 of the MBT UBG Combined

whom the schedule applies on the line below.

Filing Schedule for Financial Institutions (Form 4752) if this

form is filled out by a member of UBG of financial institutions.

Form 4966 - Michigan Business Tax Schedule Of Flow-Through Withholding - 2013 Page 3

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