Form 4590 Draft - Michigan Business Tax Annual Return For Financial Institutions - 2008
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1
2DRAFT - 02/29/08
9:13 am
Michigan Department of Treasury
4590 (Rev. 02-08)
2008 MICHIGAN Business Tax Annual Return
Check if this is an
amended return.
for Financial Institutions
Issued under authority of Public Act 36 of 2007.
MM/DD/YYYY
MM/DD/YYYY
Return is for calendar year 2008 or for tax year beginning:
and ending:
1.
2. Name (print or type)
7. Federal Employer Identifi cation Number (FEIN) or TR Number
Doing Business As (DBA)
8. Organization Type
Fiduciary
Street Address
City
State
ZIP Code
C Corporation / LLC C Corporation
3. Principal Business Activity
4. Business Start Date
S Corporation / LLC S Corporation
5. NAICS (
Code
6. If Discontinued, Effective Date
North American Industry Classifi cation System)
Check if Filing Michigan Unitary Return
9.
(Attach Form 4580.)
Check if Fiscal Filer using the Annual Method (Tax Year
10. Special Computations
d.
2008 only) and complete 10e through 10g.
Apportionment Calculation
00
a. Michigan Gross Business ..........................................
e. Number of months in MBT tax period ......
00
b. Total Gross Business .................................................
f. Total months in 2007-08 federal tax year
%
%
c. Apportionment %. Divide line (b) by line (c) .............
g. Proration %. Divide line (e) by line (f) ......
A
B
C
D
E
PART 1: FRANCHISE TAX
2004
2005
2006
2007
2008
11. Equity Capital
11.
.....................................................................
12. Goodwill
12.
...............................................................................
13. Average daily book value of Michigan obligations
13.
......
14. Average daily book value of U.S. obligations
14.
..............
15. Subtotal. Add lines 12 through 14
15.
..................................
16. Net Capital. Subtract line 15 from line 11
16.
.....................
17. a. If authorized insurance company subsidiary,
enter actual capital fund amount .......................... 17a.
b. Enter minimum regulatory amount required
..........
17b.
c. Multiply line 17b by 125% (1.25)
..............................
17c.
d. Subtract line 17c from 17a. If less than zero,
enter zero. ............................................................ 17d.
18. Add lines 16 and 17d
18.
........................................................
00
19. If line 10d checked, multiply line 18E by percentage on line 10g. All others, enter amount from line 18E .............
19.
00
20. Add lines 18A, 18B, 18C, 18D and 19 ....................................................................................................................
20.
00
21. Net Capital for Current Taxable Year. Divide line 20 by number of years reported above ......................................
21.
00
22. Apportioned Tax Base. Multiply line 21 by percentage on line 10c ........................................................................
22.
00
23. Tax Before Surcharge. Multiply line 22 by 0.235% (0.00235) (For tax year ending in 2009, see instructions.) .....
23.
00
24. Surcharge. Multiply line 23 by 27.7% (0.277) (see instructions) ...........................................................................
24.
00
25. Total Liability Before All Credits. Add lines 23 and 24.............................................................................................
25.
00
26. Nonrefundable credits from Form 4568, line 31 .....................................................................................................
26.
00
27. Total Tax After Nonrefundable Credits. Subtract line 26 from line 25. If less than zero, enter zero ...................
27.
+
0000 2008 87 01 27 2
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