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If an amount is entered on this line, complete the CIT Schedule

Line 19b: Enter the minimum capital fund amount required by

of Flow-Through Withholding (Form 4911) to account for the

regulations for that insurance subsidiary.

flow-through withholding payments received. The amount

Line 22: Enter the combined totals of line 22 of this form on

entered on this line must equal the sum of the combined

Form 4908, line 18, and skip lines 10 through 17 on Form 4908.

amount from Form 4911, column E. Attach Form 4911.

If this combined number is less than zero, enter zero on Form

4908, line 18.

Line 28: Only the DM may request a filing extension for a UBG.

If any other member submits an extension request, it will not

Fiscal Year Members: Enter on this line a prorated amount.

create a valid extension for the UBG, but any payment included

To compute this, divide line 21 by the number of tax periods

with such a request can be credited to the UBG by entering that

reported in the table. Multiply this amount by a fraction,

payment on this line in that member’s copy of Part 2B.

the numerator of which is the total months included in this

form and the denominator of which is the total months in the

Part 3: Affiliates Excluded From the Combined Return

corresponding federal tax year of this financial institution. Enter

of Financial Institutions

prorated amounts per member

Lines 23: Gross business is defined in the instructions to Form

The statutory test for membership in a UBG is a group of U.S.

4908, line 9a. Enter gross business in Michigan of the financial

persons (other than a foreign operating entity):

institution member reporting on Part 2B of this form. Combine

• One of which owns or controls, directly or indirectly, more

line 23 for each financial institution member and enter on Part

than 50 percent of the ownership interest with voting rights

2A, line 2A.

or ownership interests that confer comparable rights to voting

Line 24: Enter all gross business everywhere of the financial

rights of the other U.S. persons; and

institution member reporting on Part 2B of this form. Combine

• That has business activities or operations which result in a

line 24 for each financial institution member and enter on Part

flow of value between or among persons included in the UBG

2A, line 3A.

or has business activities or operations that are integrated

with, are dependent upon, or contribute to each other. Flow

Line 25: Enter overpayment credited from prior return (MBT

of value is determined by reviewing the totality of facts and

or CIT). When membership of a UBG changes from one filing

circumstances of business activities and operations.

period to the next, credit forward of an overpayment from the

prior return remains with the DM’s account.

A person that would be a standard taxpayer if viewed

separately is defined as a financial institution if it is owned,

Line 26: All CIT estimated payments for a UBG should

directly or indirectly, by a financial institution and is in a UBG

be made by the DM. Enter estimates paid by the DM on

with its owner.

this line of the DM’s copy of Part 2B. If any other member

paid estimates attributable to this group return, enter those

The purpose of Part 3 is to identify entities for which the

estimates on that member’s copy of Part 2B. Include all

ownership test described above is satisfied but which are not

included on this combined return, either because the flow of

payments made by that member for any portion of its federal

filing period that is included on this group return.

value/integration/dependence/contribution test is not satisfied

or because the member is excluded by statute. A new member

For example, if a non-DM member has a 12-month fiscal year

whose net capital is not included in this return because its tax

beginning April 1, 2012, and is a member of a calendar year

year ends after the filing period of the UBG also should be

UBG throughout that period, its business activity from April

listed here.

1, 2012, through March 31, 2013, will be reported on the

group’s December 31, 2013, return. If that member pays CIT

Line 29A: If a person being listed here is listed on U.S. Form

quarterly estimates based on its federal tax year, it will make

851, enter the identifying number for that person from the

two estimates during 2012, before the DM’s (and group’s) filing

column called “Corp. No.” at the left edge of pages 1, 2, and 3

period begins. Because those estimates are attributable to

of U.S. Form 851.

activity that will be reported on the group’s December 31, 2013,

Line 29D: From the following list of reason codes, select the

return, they should be included on the paying member’s copy of

number for the reason explaining why this affiliate is being

Part 2B for the December 31, 2013, group return.

excluded from the combined return of financial institutions

Line 27: Enter the total withholding payments made on behalf

supported by this form.

of the UBG member by Flow-Through Withholding entities.

Lacks business activities resulting in a flow of value or

Include all withholding payments made on returns that apply

integration with, dependence upon, or contribution to

to the tax year included in this return. Included on this line

would be Flow-Through Withholding payments made by flow-

the group.

through entities whose tax years ending with or within the tax

Foreign operating entity.

year included in this return. For example a calendar year filer

Foreign entity.

would include Flow-Through Withholding payments made by a

Member has no CIT tax year (as a member of this UBG)

flow-through entity whose tax year ended on or after January 1,

ending with or within this filing period.

2012, and on or before December 31, 2012. Any FTE that has

Insurance company. (Insurance companies always file

withheld on behalf of the taxpayer should have provided the

taxpayer with the amount for its records.

separately.)

Form 4910 - Michigan Corporate Income Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2012 Page 8

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