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Instructions For Form 4913 - Michigan Corporate Income Tax (Cit) Quarterly Return - 2013 Page 4

4913, Page 4

Reporting Payments

Regardless of which form is used to file estimated CIT

payments, report all CIT estimated tax payments on the annual

CIT return.

NOTE: An annual return must be filed to claim a refund.

Penalty and Interest

Penalty is 5 percent of tax due for the first two months by

which the payment is late. Penalty increases by an additional 5

percent per month, or fraction thereof, after the second month

to a maximum of 25 percent.

If the sum of the estimated tax payments is less than 85 percent

of the annual liability, the amount of the estimated tax payment

doesn’t equal the quarter’s liability, or the taxpayer does not

qualify for or has not satisfied the prior-year threshold, interest

will accrue.

The interest rate is adjusted by Treasury on January 1 and

July 1 of each year to 1 percent above the adjusted prime

rate. For a complete list of interest rates, see the Revenue

Administrative Bulletins (RABs) on the Treasury Web

site at (Click on “Revenue

Administrative Bulletins” from the menu at the right of the

page.)

Filing Quarterly Tax Returns

Make your check payable to “State of Michigan” and write

your Federal Employer Identification Number (FEIN) or the

Michigan Treasury (TR) assigned number, the tax year, and

“CIT Q” on the front of the check. Mail your check with the

CIT Quarterly Return for the applicable quarter. Do NOT

staple the check to the return. Mail the check and return to:

Michigan Department of Treasury

PO Box 30774

Lansing MI 48909-8274

Instructions For Form 4913 - Michigan Corporate Income Tax (Cit) Quarterly Return - 2013 Page 4