Form 4918 - Michigan Annual Flow-Through Withholding Reconciliation Return - 2014 Page 5
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11Instructions for Form 4918
Annual Flow-Through Withholding Reconciliation Return
If more space is needed for Parts 3, 4 or 5, flow-through entities should go online to to
print out additional pages. Repeat the flow-through entity FEIN from page one at the top right of each additional page.
NOTE: A Form 4918 that is missing both Part 3 and Part 4 is incomplete and unprocessable, and will be rejected.
Include one, or the other, or both, as dictated by the nature of the members.
entity is required to use its best estimate of business income
Purpose
based on all available information. If, after this form is filed,
the flow-through entity determines that its best estimate of
This form is used to calculate the amount of Flow-Through
business income was incorrect, the flow-through entity should
Withholding (FTW) due for the tax year, reconcile this amount
with the quarterly payments remitted to the state, and to
report that difference to its members. The members, when
distribute the entire amount of FTW to the flow-through entity’s
filing their respective annual returns, will correct the over- or
members. This form should be used by any flow-through entity
under-withholding created by the over- or understatement of
that withholds amounts for purposes of the Individual Income
business income.
Tax (IIT) or Corporate Income Tax (CIT) for the tax year;
Parts 3 and 4 of this form distribute the FTW to the flow-
whether source or intermediate flow-through entity.
through entity’s members. Part 5 of this form records the FTW
NOTE: Under Public Act 233 of 2013, a flow-through entity
paid by source flow-through entities in a tiered structure that
that has made a valid election to file Michigan Business
distribute income and withholding to the flow-through entity
Tax (MBT) for the current tax year is not subject to flow-
filing this form.
through withholding with respect to its members that are C
When completing Parts 3 and 4, include only those members
Corporations.
that have been withheld on and only if the flow-through entity’s
tax year ends with or within the tax year of that member. When
General Instructions
completing Part 5, include only source flow-through entities
that withheld on the flow-through entity filing this form.
Trusts: For purposes of withholding, trusts are not considered
to be flow-through entities or members of flow-through entities.
Because of this, a trust is not required to be withheld on and is
Filing When unitary for CIT or IIT
not required to withhold on its beneficiaries. However, if FTW
For a flow-through entity that is unitary with a CIT
is done for a trust for the tax year, enter amounts in Column B,
taxpayer: If the flow-through entity filing this form is
“individuals.”
unitary with a CIT taxpayer, fill out the Schedule of Unitary
Exception: Grantor trusts that are disregarded entities for
Apportionment for Flow-Through Withholding (Form 4919),
tax purposes. The flow-through entity is required to withhold
and enter the amount from line 5 of Form 4919 on line 14A of
directly on the individual “grantor” if that individual is a
this form. Leave lines 5a, 5b, 5c, and 10A of this form blank.
nonresident individual.
For more information on what constitutes a unitary relationship
between a flow-through entity and a CIT taxpayer, see the
FTW on C Corporation and Intermediate Flow-Through
instructions for Form 4919.
Entity Members: If the allocated or apportioned business
income of the flow-through entity is $200,000 or less for
Flow-through Entities Withholding on an Individual Who
the flow-through entity’s tax year, FTW is not required on
Will Report Using Combined Apportionment for Unitary
members that are C Corporations or intermediate flow-
Flow-through Entities: An individual owner of flow-through
through entities. Further, if the flow-through entity received
entities may elect to apportion the business income of its flow-
an exemption certificate from a member for the tax year, FTW
through entities on a separate entity basis or a unitary basis if
is not required on that member. Complete this form to claim a
certain criteria are met. If the flow-through entity filing this
refund of the amounts paid on behalf of these members.
form withholds on an individual owner who will report income
For a flow-through entity that had $200,000 or less in
using combined apportionment for unitary flow-through
entities, the filer of this form will use a combined sales factor to
annual business income after allocation or apportionment
to Michigan, but withheld on members that are C
apportion the distributive share of business income attributable
Corporations or other flow-through entities: Skip line 5 and
to the individual member.
Column A, lines 7 through 17 and enter the amount withheld
A flow-through entity filing this form that withholds on
on line 18. Complete Form 4918 from this point. Also complete
an individual who will report income using combined
Line 6 and Column B where applicable.
apportionment for unitary flow-through entities, must fill out
This form may not be amended: When filing this form, the
Form 4919, using the instructions provided with that form.
flow-through entity is required to use its “tentative business
Enter the amount from line 5 of Form 4919, minus available
income” for the tax year. The Department recognizes that this
personal exemptions, on line 14B of this form. Leave lines
6a, 6b, 6c, and 10B and 12B of this form blank. The filer
amount potentially will not be known with certainty at the
time this form is filed. When filing this form, the flow-through
need only use this method when the individual will report
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