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of this form. If more than 16 members, include additional

Example A: UBG A is composed of the following:

copies of this page of Form 4910 as needed, repeating the

DM’s name and FEIN in the field at the top of each page. All

• Four standard members

excluded UBG members will be identified in Part 3.

• Three financial institutions (all have nexus in Michigan)

Lines 1A and 1B: Beginning with the DM, list the UBG

• Two insurance companies.

financial institution members and their corresponding FEIN.

All members of UBG A are owned by and unitary with one

NOTE: A taxpayer that is a UBG must file a combined

of the standard members of the UBG. UBG A will need to

file Form 4896, Form 4897 and Form 4891 containing the

return using the tax year of the DM. The combined return of

the UBG must include each tax year of each member whose

four standard members and Form 4910 and Form 4908

tax year ends with or within the tax year of the DM. For

containing the three financial institutions. In Part 1 of each

example, Taxpayer ABC is a UBG comprised of three financial

form, only the members that are included on that form

institutions: Member A, the DM with a calendar tax year, and

(either the four standard members, or the three financial

Members B and C with fiscal years ending March 31, 2012,

institutions) will be listed. Form 4896 and Form 4897 with

and September 30, 2012, respectively. Taxpayer ABC’s tax

standard members will be filed under the name and Federal

year is that of its DM. Thus, Taxpayer ABC’s tax year ends

Employer Identification Number (FEIN) of the group’s

December 31, 2012, and its annual return is due April 30, 2013.

standard DM. One of the financial institutions will serve

as DM for those three members and file Form 4910 and

That annual return must include the tax years of Members B

and C ending March 31, 2012, and September 30, 2012.

Form 4908. On Form 4896, list all financial and insurance

members. On Part 3 of Form 4910, list all standard and

If, in the previous example, Member A, the DM, instead had a

insurance members. The two insurance companies each

fiscal year ending July 31, 2012, the UBG’s tax year would end

will file a stand-alone Form 4905.

July 31, 2012, and its annual return would be due November 30,

2012. The combined return for the UBG would include

Example B: UBG B is composed of the following:

Member A’s short period ending July 31, 2012, Member B’s

short period ending March 31, 2012. Member C’s short period

• Four members that would be standard (see below)

ending September 30, 2012, will be reported on the group

unless owned by a financial institution

return for the period ending July 31, 2013.

• Three financial institutions (all have nexus in Michigan)

• Two insurance companies.

Part 2A: Apportionment Data for Combined Return

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

All members of UBG B are owned by and unitary with

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

one of the financial institutions in the UBG. Due to this

on each copy of this page that is submitted.

ownership by a financial institution, the four members that

Line 2: Gross business is defined in the instructions to

otherwise would be standard are defined by statute to be

Form 4908, line 9a. On a combined return, gross business is

financial institutions. (See definition of financial institution

calculated after eliminating transactions between financial

earlier in these instructions.) Therefore, this UBG will not

file a Form 4896, Form 4897, or Form 4891. Seven members

institution members of the UBG. Enter combined gross

business in Michigan of all financial institution members

will file a combined return on Form 4908 and Form 4910,

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

listing the two insurance members as excluded affiliates on

eliminations on line 2C. The combined gross business in

Part 3 of Form 4910. The two insurance companies each

Michigan equals the sum of line 23 of Form 4910 of every

will file a stand-alone Form 4905.

member of the group.

Role of the Designated Member: The DM speaks, acts, and

Carry amount from line 2C to line 9a on Form 4908.

files the CIT return on behalf of the UBG for CIT purposes.

UBGs: For a UBG that includes financial institutions, gross

Only the DM may file a valid extension request for the UBG.

business includes gross business in Michigan of every financial

Treasury maintains the UBG’s CIT tax data (e.g., prior CIT

institution included in that UBG without regard to whether the

returns, overpayment credit forward) under the DM’s name and

financial institution has nexus in Michigan. Gross business

account number.

between financial institutions included in a UBG must be

eliminated in calculating the gross business factor.

Line-by-Line Instructions

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

Lines not listed are explained on the form.

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

Dates must be entered in MM-DD-YYYY format.

The gross business everywhere of the UBG equals the sum of line

24 of Form 4910 of every member of the group.

For additional guidance, see the “Supplemental Instructions

Carry amount from line 3C to line 9b on Form 4908.

for Financial Members in UBGs” in the CIT Forms and

Instructions for Financial Institutions (Form 4907).

Part 2B: Member Data for Combined Return

Part 1: Unitary Business Group Members

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

In Part 1, list only those members of the UBG that are

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

included on the annual return that is supported by this copy

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

Form 4910 - Michigan Corporate Income Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2012 Page 6

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