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have two short tax years for that period. The first tax period is

Line 7: Identify the organization type of this member:

from the beginning of the taxpayer’s federal tax year and ending

• Fiduciary (a decedent’s estate, and a Trust taxed federally

on December 31, 2011. The second tax period is from January

as a Trust under Subchapter J of the IRC. A grantor Trust or

1, 2012, and ends on the last day of the taxpayer’s federal tax

“revocable living Trust” established by an Individual is not

period. This is true regardless of whether the taxpayer files and

taxed as a separate entity, and is not within this Fiduciary

pays under the Corporate Income Tax or elects to file and pay

category.);

under the Michigan Business Tax.

• C Corporation (including an LLC, Trust, or other entity

In the example above, the 2012 MBT Annual Return will

taxed federally as a Corporation under Subchapter C of the

include Member A’s calendar year beginning on January 1,

IRC).

2012, and ending December 31, 2012, the short tax year of

• S Corporation (including an LLC, Trust, or other entity taxed

Member B beginning on January 1, 2012, and ending March

federally as a Corporation under Subchapter S of the IRC).

31, 2012; and the short tax year of Member C beginning on

• Partnership (including an LP, LLP, LLC, Trust, or any other

January 1, 2012, and ending September 30, 2012.

entity taxed federally as a Partnership).

If Member A, the DM, instead had a fiscal year ending July

NOTE: A person that is a disregarded entity for federal tax

31, 2012, the UBG will file a short year return for the period of

purposes, including a single member LLC or Q-Sub, must file

January 1, 2012, to July 31, 2012. This return would include

as if it were a sole proprietorship if owned by an individual, or

Member A’s short tax year of January 1, 2012, to July 31, 2012,

a branch or division if owned by another business entity.

and the short tax year of Member B beginning on January 1,

Line 8: List the member’s tax year, for federal income tax

2012, and ending May 31, 2012. This return would not include

purposes, from which business activity is being reported on

the short tax year of Member C that began on January 1, 2012,

this copy of Part 2B.

and ended September 30, 2012, because that tax year did not end

with or within the tax year of Member A, the DM of the UBG.

Fiscal Year Filers: See “Supplemental Instructions for Fiscal

Instead, the short tax year of Member C that began on January

MBT Filers — Financial Institutions” in the Form 4599.

1, 2012, and ended September 30, 2012, will be included in the

Line 9: If the control test and relationship test were not both

UBG return for the tax year ending July 31, 2013.

satisfied for this member’s entire federal tax year, enter the

beginning and ending dates of the period within this member’s

Fiscal Year Filers: See “Supplemental Instructions for Fiscal

federal tax year during which both tests were satisfied. These

MBT Filers — Financial Institutions” in the Form 4599.

dates constitute a short tax period for MBT purposes, even

Part 2A: Apportionment Data for Combined Return

if there is no corresponding short federal tax period. This

When completing Part 1, if multiple copies of this page are

member must prepare a pro forma federal return calculation for

required, provide the same answers to Part 2A, lines 2 and 3,

the portion of its federal year during which it was a member of

on each copy of this page that is submitted.

this UBG, and use that pro forma calculation as the basis for

Line 2: Gross business is defined in the instructions to

reporting the tax data required by Part 2B.

Form 4590, line 10a. On a combined return, gross business is

Fiscal Year Filers: See “Supplemental Instructions for Fiscal

calculated after eliminating transactions between financial

MBT Filers — Financial Institutions” in the Form 4599.

institution members of the UBG. Enter combined gross

business in Michigan of all financial institution members

Line 10: Enter the taxpayer’s six-digit North American Industry

Classification System (NAICS) code. For a complete list of six-

on line 2A, show eliminations on line 2B, and show net after

digit NAICS codes, see the U.S. Census Bureau Web site at

eliminations on line 2C.

, or enter the same NAICS

Carry amount from line 2C to line 10a on Form 4590.

code used when filing U.S. Form 1120S, U.S. Form 1065,

Line 3: Enter all gross business everywhere on line 3A, show

Schedule C of U.S. Form 1040, or Schedule K of U.S. Form 1120.

eliminations on line 3B, and show net after eliminations on line 3C.

Line 11: Enter the date, if applicable, on which this member

went out of existence. Examples include dissolution of an entity

Carry amount from line 3C to line 10b on Form 4590.

and a merger in which this member was not the surviving

entity. Include any event in which the FEIN ceases to be used

Part 2B: Member Data for Combined Return

by this entity. If this member continues to exist, DO NOT

In all cases with one or more financial institutions in a UBG,

complete one copy of Part 2B for each financial institution in the

use this column to report that this member has stopped doing

UBG whose net capital is reported on this return. Note that an

business in Michigan.

entity that would otherwise be a standard member but is owned

Line 12: If this member has nexus with Michigan,

by and unitary with a financial institution is defined by statute to

check this box. Guidance in determining nexus can be

be a financial institution. If a financial institution member (other

found in RABs 2007-6 and 2008-4, available online at

than the DM) has two or more federal tax periods ending with or

(Click on the “Reference Library”

within the filing period of this return, use a separate copy of Part

link at left side of that Web page.)

2B for each of that member’s federal periods.

Line 14: This line does not apply to the first MBT return filed

by this UBG. For subsequent tax periods, check this box if this

Fiscal Year Filers: See “Supplemental Instructions for Fiscal

member was not included in the UBG’s preceding MBT return.

MBT Filers — Financial Institutions” in the Form 4599.

Form 4752 - Business Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2012 Page 7

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