Form 4594 - Michigan Farmland Preservation Tax Credit

4594, Page 6

E-filing MBT Returns

PART 3: TAXES THAT CANNOT BE CLAIMED

FOR CREDIT

Michigan has an enforced e-file mandate for MBT. Software

Enter on lines 24 through 28 the amounts for the tax year of

developers producing MBT tax preparation software and

this claim (the year entered on line 1).

computer-generated forms must support e-file for all eligible

Michigan forms that are included in their software package.

line 24: Enter the amount from Form 4567, line 49. This

All eligible MBT returns prepared using tax preparation

amount can be less than zero.

software or computer-generated forms must be e-filed.

Unitary Business Groups (UBGs): If the eligible taxpayer is a

Treasury will be enforcing the e-file mandate for MBT. The

member of a UBG, a pro forma calculation must be performed

enforcement includes not processing computer-generated paper

to determine the Business Income Tax base of the eligible

returns that are eligible to be e-filed. A notice will be mailed to

taxpayer. This supporting pro forma calculation should be

the taxpayer, indicating that the taxpayer’s return was not filed

attached to the return as supporting documentation.

in the proper form and content and must be e-filed. Payment

line 26: This includes all shareholder compensation that was

received with a paper return will be processed and credited to

deducted in calculating federal taxable income. Complete the

MBT Schedule of Shareholders and Officers (Form 4577) and

the taxpayer’s account even when the return is not processed.

include with the return.

Treasury will continue to accept certain Portable Document

Format (PDF) attachments with MBT e-filed returns. A

Attachments

current list of defined attachments is available in the MBT

Assemble the attachments in the following order:

“Electronic Filing Tax Preparer Handbook,” which is available

on the Treasury Web site at by clicking

1. The Michigan Farmland Preservation Tax Credit (Form

on “Business Taxpayer,” then “Michigan Business Tax e-File,”

4594) must be filed with the MBT Annual Return (Form 4567).

and looking under “Tax Preparer Resources.” Follow your

Place Form 4567 at the top of your filing followed by all other

software instructions for submitting attachments with an

forms necessary for filing in appropriate sequence order (found

e-filed return.

at the top of each form). Do not place the Form 4594 on top.

2. A copy of page 1 of 2013 U.S. Form 1120, U.S. Form 1120S

If the MBT return includes supporting documentation or

attachments that are not on the predefined list of attachments,

or U.S. Form 1041, and all supporting schedules.

the return can still be e-filed. Follow your software instructions

3. A copy of any recorded FDRA(s) not claimed on the

for including additional attachments. The tax preparer or

previous year’s return.

taxpayer should retain file copies of all documentation or

4. A copy of the 2013 property tax statement(s) that show

attachments.

the taxable value, property taxes levied, and corresponding

For more information and program updates, including exclusions

agreement numbers.

from e-file, visit the e-file Web site at .

5. An official allocation of the tax statement amount between

property subject to an FDRA and property not covered by an

The taxpayer may be required to e-file its federal return.

FDRA.

Visit the IRS Web site at for more information

on federal e-file requirements and the IRS Federal/State

6. A copy of the receipt showing payment of years 2012 or

Modernized e-File (MeF) program.

2013 property taxes.

Include completed Form 4594 as part of the tax return filing.

For additional attachment requirements when using this credit

to pay the MBT liability, see “Mailing This Form” below.

For

assistance,

visit

Treasury’s

Web

site

or call (517) 636-6925 for answers

to questions about Michigan income tax and credit forms.

Assistance is available using TTy through the Michigan Relay

Service by calling 1-800-649-3777 or 711.

Mailing This Form

Submit a completed Form 4594 with Form 4567. In addition,

complete and include the MBT Refundable Credits (Form

4574) Schedule of Corporate Income Tax Liability for a

Michigan Business Tax Filer (Form 4946) and the Schedule of

Certificated Credits (Form 4947), along with the attachments

listed in the above instructions; then include it with the filing of

Form 4567.

Form 4594 - Michigan Farmland Preservation Tax Credit - 2014 Page 6

Related Articles

Related forms

Related Categories