Form 4580 - Michigan Business Tax Unitary Business Group Combined Filing Schedule For Standard Members - 2013 Page 8
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18unitary with a financial institution is defined by statute to be a
Example A: UBG A is composed of the following:
financial institution.) In some cases, however, not all members
• Four standard members
of the UBG will be included on the same return. Standard
members (not owned by and unitary with a financial institution
• Three financial institutions (all with nexus in Michigan)
in the UBG) file a combined return on Form 4567. Form 4580
• Two insurance companies.
must be filed in support of that return.
All members of UBG A are owned by and unitary
Form 4580 is used to gather and combine data from each
with one of the standard members of the UBG. UBG A
standard member of the UBG to support the group’s Form
will need to file Form 4567, supported by Form 4580,
4567 and related forms. This form must be completed before
containing the four standard members and Form
the group’s Form 4567 and related forms are completed. If
4590, supported by Form 4752, containing the three
this UBG also includes financial institutions and/or insurance
financial institutions. In Part 1 of Form 4580 or Form
4752, only the members that are included on that form
companies, those members generally will not report tax data on
this form, but will be listed as excluded affiliates in Part 3.
(either the four standard members, or the three financial
institutions) will be listed. Form 4580 with standard
Financial institution members will report and combine their
members will be prepared under the name and Federal
data using MBT Unitary Business Group Combined Filing
Employer Identification Number (FEIN) or Michigan
Schedule for Financial Institutions (Form 4752), which
Treasury (TR) assigned number of the group’s standard
supports the lead financial form, MBT Annual Return for
DM. One of the financial institutions will serve as DM
Financial Institutions (Form 4590).
for those three members and file Form 4590, supported
Financial institutions include any of the following:
by Form 4752. On Part 3 of Form 4580, list all financial
• A bank holding company, a national bank, a state chartered
and insurance members. On Part 3 of Form 4752, list all
bank, an office of thrift supervision chartered bank or thrift
standard and insurance members. The two insurance
companies each will file a stand-alone Form 4588.
institution, or a savings and loan holding company other than
a diversified savings and loan holding company as defined
in 12 United States Code (USC) 1467a(a)(1)(F) or a federally
Example B: UBG B is composed of the following:
chartered Farm Credit System institution.
• Four members that would be standard (see below)
• Any person, other than a person subject to the tax imposed
unless owned by a financial institution
under Chapter 2A of the MBT Act (Insurance Companies), that
• Three financial institutions (all with nexus in Michigan)
is directly or indirectly owned by an entity described above and
• Two insurance companies.
is a member of the UBG.
All members of UBG B are owned by and unitary with
• A UBG of entities described in either or both of the
one of the financial institutions in the UBG. Due to this
preceding two bullets.
ownership by a financial institution, the four members that
Each insurance company member will file separately, using the
otherwise would be standard are defined by statute to be
financial institutions. (See definition of financial institution
Insurance Company Annual Return for Michigan Business and
Retaliatory Taxes (Form 4588). Because insurance companies
earlier in these instructions.) Therefore, this UBG will not
always file separately, rather than on a combined return, there
file a Form 4580 or Form 4567. Seven members will file a
combined return on Form 4590, supported by Form 4752,
is no MBT insurance form that serves a function similar to that
of Form 4580 and Form 4752.
listing the two insurance members as excluded affiliates on
Part 3 of Form 4752. The two insurance companies each
will file a stand-alone Form 4588.
To complete this form and prepare a combined return, the UBG
must select a DM.
A UBG combined return of standard taxpayers is filed
under the name and FEIN or TR number of the DM of the
standard taxpayer group. Designated Member means a UBG
member that has nexus with Michigan and will file the
combined MBT return on behalf of the standard members of
the group. In a brother-sister controlled group, any member
with nexus may be designated to serve as DM. In a parent-
subsidiary controlled group or a combined controlled group
(an interlocking combination of a parent-subsidiary group
and a brother-sister group), the controlling member must
serve as DM if it has nexus with Michigan. If it does not have
nexus, the controlling member may appoint any member
with nexus with Michigan to serve as DM. That DM must
continue to serve as such every year, unless it ceases to be a
112
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