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Instructions for Form 4910

Corporate Income Tax (CIT) Unitary Business Group

Combined Filing Schedule for Financial Institutions

Financial institutions include any of the following:

Purpose

○ A bank holding company, a national bank, a state

The purpose of this form is to:

chartered bank, a state chartered savings bank, a federally

• Identify all members of a Unitary Business Group (UBG)

chartered savings association, or a federally chartered

that are reporting on this return.

farm credit system institution.

• Gather tax return data for each member included in the

○ Any person, other than a person subject to the tax

financial institution’s combined return on a separate basis,

imposed under Chapter 12 of the CIT Act (Insurance Tax),

make appropriate eliminations, and determine combined UBG

that is directly or indirectly owned by an entity described

data for the tax return.

above and is a member of the UBG.

○ A UBG of entities described in either or both of the

NOTE: This is not the primary return. It is designed to support

preceding two bullets.

the CIT Annual Return for Financial Institutions (Form 4908)

submitted on behalf of the UBG by the Designated Member

Each insurance company member will file separately, using

(DM). Even if there is only one financial institution member in

Insurance Company Annual Return for Corporate Income and

a UBG, that member must file this form in support of its Form

Retaliatory Taxes (Form 4905). Because insurance companies

4908.

always file separately, rather than on a combined return, there

is no CIT insurance form that serves a function similar to that

General Information About UBGs in CIT

of Forms 4897 and 4910.

Unitary Business Group means a group of United States

To complete this form and prepare a combined return, the UBG

persons, other than a foreign operating entity, that satisfies the

must select a DM. For purposes of a combined return filed by

control test and relationship test.

financial institution members of a UBG, Designated Member

means a financial institution member that has nexus with

United States person is defined in Internal Revenue Code (IRC)

Michigan and that will file the combined CIT return on behalf

§ 7701(a)(30). A foreign operating entity is defined by statute in

Michigan Compiled Laws (MCL) 206.607(3).

of all financial institution members of the UBG. If the financial

institution member that owns or controls the other financial

For more information on UBGs, see the CIT Forms and

institution members has nexus with Michigan, that controlling

Instructions for Standard Taxpayers (Form 4890), or

member must serve as DM.

go online to the Department of Treasury Web site at

If that controlling member does not have nexus with Michigan,

it may appoint any financial institution member of the UBG

with nexus to serve as DM. That DM must continue to serve

Filing Procedures for UBGs

as such every year, unless it ceases to be a UBG member or the

By definition, a UBG can include standard taxpayers,

controlling member attains Michigan nexus.

insurance companies, and financial institutions. Note that an

entity that would otherwise be standard but is owned by and

If a UBG is comprised of both standard members (not owned

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

by and unitary with a financial institution in the UBG) and

financial institution. In some cases, however, not all members

financial institutions, the UBG will have two DMs (one for the

of the UBG will be included on the same return. Financial

standard members completing Form 4891 and related forms,

institution members file a combined return on Form 4908

and one for the financial institution members completing Form

with Form 4910 filed in support.

4908 and related forms).

Form 4910 is used to gather and combine data from each

If this UBG also includes standard and/or insurance company

financial institution member of the UBG to support the group’s

members, those members will not report tax data on this form,

but will be listed as excluded affiliates in Part 3.

Form 4908 and related forms. This form must be completed

before the group’s Form 4908 and related forms are completed.

Standard members will combine and report their data using CIT

Unitary Business Group Affiliates Excluded from the Return

of Standard Taxpayers (Form 4896), CIT Data for Unitary

Business Group Members (Form 4897), and CIT Annual Return

(Form 4891).

Form 4910 - Michigan Corporate Income Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2012 Page 5

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