Form 4918 - Michigan Annual Flow-Through Withholding Reconciliation Return - 2012 Page 8
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8Interest” section in Form 4890, and apply the calculations in the
Return (Form 4917) or the amount paid through Electronic Funds
Transfer. Include all payments made that apply to the tax year
“Overdue Withholding Interest” worksheet separately to each
included in this return. For example, calendar year filers include
portion of the late period. Combine these interest subtotals and
carry the total to line 18.
money paid with the above listed returns for the period of January
1, 2012, through December 31, 2012.
Line 20: If line 15 is greater than Line 14, subtract Line 14 from
If the flow-through entity filing this return is an intermediate
Line 15 and enter that amount on this line.
member of a source flow-through entity and has been withheld
NOTE: If an overpayment exists on Line 20, that amount must be
on by that source flow-through entity, then also enter on this line
refunded to the flow-through entity. The overpayment may not be
amounts that have been withheld on this flow-through entity by its
carried forward to the flow-through entity’s next tax period and
source flow-through entity. See the FTW General Instructions for
may not be distributed to the members of the flow-through entity.
more information on withholding on intermediate flow-through
entities.
Reminder: The flow-through entity must sign and date returns.
Preparers must provide a Preparer Taxpayer Identification Number
Intermediate Flow-Through Entities: If the flow-through
(PTIN), FEIN or Social Security number (SSN), as well as a
entity completing the Annual Reconciliation is an intermediate
business name, business address and phone number.
member in a tiered structure that has been withheld on by
its source flow-through entity, then the intermediate flow-
PART 3: FlOW-THROuGH WITHHOlDING
FOR C CORPORATIONS
through entity must call the Department at (517) 636-6925
before filing its Annual Reconciliation. This phone call
Line 21A: Enter the name, FEIN, address, and tax year end of
must be made to allow the intermediate flow-through entity
each C Corporation or intermediate flow-through entity that
the flow-through entity has withheld on during the filing period
to properly claim the amounts that have been withheld on its
listed on this return. Also enter on this line the distributive share
behalf and to allow it to properly distribute those amounts to its
members.
of tentative business income allocated to the C Corporation
or intermediate flow-through entity, before allocation and
Line 16: If the amount entered on Line 15 is less than the amount
apportionment, during the filing period listed on this return. The
entered on Line 14, enter the difference on this line. If the amount
total amount of distributive income entered in this column must
on Line 15 is greater than the amount entered on Line 14, leave
equal the amount entered on line 9A.
this line blank and skip to Line 20.
If the flow-through entity is unitary with a CIT taxpayer, enter that
Line 17: Enter the overdue withholding penalty. Use the
CIT taxpayer first in this part.
following “Overdue Withholding Penalty” worksheet. Refer to the
“Computing Penalty and Interest” section in the Flow-Through
Line 21B: Enter on this line the amount withheld and reported to
this C Corporation or intermediate flow-through entity. The total
Withholding Reconciliation Return booklet general instructions to
determine the appropriate penalty percentage.
amount of withholding entered in this column must equal the
amount entered on line 13A.
WORKSHEET – OvERDuE WITHHOlDING PENAlTy
PART 4: FlOW-THROuGH WITHHOlDING FOR
A. Withholding due from
NONRESIDENT INDIvIDuAlS
Line 22A: Enter the name of each nonresident individual that was
00
Form 4918, line 16................................
B. Late or insufficient payment
withheld on during the filing period listed on this return.
penalty percentage ...............................
%
Line 22B: Trusts are not required to be withheld on under FTW.
C. Multiply line A by line B .....................
00
However, if a trust was withheld on, enter an “X” on this line for
each trust that was withheld on.
Carry amount from line C to Form 4918, line 17.
Line 22C: Enter the social security number of this nonresident
Line 18: Enter the overdue withholding interest. Use the
individual. If a trust was withheld on, enter the FEIN of the trust.
following “Overdue Withholding Interest” worksheet. Refer to the
“Computing Penalty and Interest” section in the Flow-Through
Line 22D: Enter on this line the distributive share of taxable
income allocated to this nonresident individual, before allocation
Withholding Reconciliation Return booklet general instructions to
and apportionment, during the filing period listed on this return.
determine the appropriate penalty percentage.
The total amount of taxable income entered in this column must
equal the amount entered on line 9B.
WORKSHEET – OvERDuE WITHHOlDING INTEREST
A. Withholding due from
Line 22E: Enter on this line the amount withheld and reported
to this nonresident individual. The total amount of withholding
00
Form 4918, line 16................................
entered on this column must equal the amount entered on line 13B.
B. Applicable daily interest percentage ...
%
C. Number of days return was past due ...
D. Multiply line B by line C ....................
%
E. Multiply line A by line D ....................
00
Carry amount from line E to Form 4918, line 18.
NOTE: If the late period spans more than one interest rate
period, divide the late period into the number of days in each of
the interest rate periods identified in the “Computing Penalty and
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