Form 4904 To 4905 - Michigan Corporate Income Tax For Insurance Companies

Instructions for Form 4905

Insurance Company Annual Return for Corporate Income and Retaliatory Taxes

Line 6: Enter premiums on policies not taken to the extent

Purpose

these premiums were included in line 5.

To calculate the tax liability and to claim credits for insurance

Line 7: Enter returned premiums on canceled policies to the

companies for both Corporate Income and Retaliatory Taxes.

extent these premiums were included in line 5.

Line-by-Line Instructions

Line 8: Enter receipts on sales of annuities to the extent these

Lines not listed are explained on the form.

receipts were included in line 5.

Do not enter data in boxes filled with Xs.

Line 9: Enter receipts on reinsurance premiums assumed to

the extent these receipts were included in line 5, and only if tax

Amended Returns: To amend a current or prior year annual

was paid on the original premiums.

return, complete the Insurance Company Amended Return for

Corporate Income and Retaliatory Taxes (Form 4906) that is

Line 12: “Disability insurance” is insurance of any person

applicable for that year, and attach a separate sheet explaining

against bodily injury or death by accident, or against disability

the reason for the changes. Complete and file all schedules, all

on account of sickness or accident including also the granting

forms and all attachments filed with the original return, even

of specific hospital benefits and medical, surgical and sick-

if not amending information on a particular form or schedule.

care benefits to any person, family, or group, subject to such

Include an amended federal return or a signed and dated Internal

limitations as may be prescribed with respect thereto.

Revenue Service (IRS) audit document, if applicable. Do not

The exclusion for disability insurance premiums does not

include a copy of the original return with your amended

include credit insurance or disability income insurance

return. Find detailed instructions on Form 4906.

premiums.

Line 1: Enter the complete name and address including the

CREDITS

two-digit abbreviation for the country code. See the list of

country codes in the Corporate Income Tax (CIT) Forms and

Line 20: Enter the amounts paid to the listed facilities or

associations from January 1, 2013, to December 31, 2013,

Instructions for Insurance Companies (Form 4904).

the year immediately preceding the 2014 tax year, including

NOTE: Any refund or correspondence from this return will be

special assessments. Net the amounts paid and refunds received

sent to the address used here. The taxpayer’s primary address

during the 2013 tax year for the same facility or association.

in Department of Treasury (Treasury) files, identified as the

If refunds received exceed the amount paid in the year for the

legal address and used for all purposes other than refund and

same facility or association, enter zero.

correspondence on a specific CIT return, will not change unless the

taxpayer files a Notice of Change or Discontinuance (Form 163).

Line 22a: Enter the amount of Michigan Examination Fees

paid in 2014 (under Michigan Compiled Law 500.224).

Line 2: Enter the taxpayer’s Federal Employer Identification

Number (FEIN). Be sure to use the same account number on

Retaliatory Instructions

all forms. The taxpayer FEIN from line 2 must be repeated in

For foreign and alien insurers only; domestic insurers skip

the proper location on page 2.

lines 26 through 40.

NOTE: The taxpayer must register before filing this

Do not mail this return with the Michigan Annual Financial

form. Taxpayers are encouraged to register online at

Statement, and do not send the annual statement filing fee

Taxpayers that register

with this return. The taxpayer will be billed separately for

with the State online receive their notification of the

the annual statement filing fee by the Office of Financial and

registration within seven days.

Insurance Regulations (OFIR).

NOTE: If the taxpayer does not have an FEIN, the

Foreign insurers must pay to Michigan the same type of

taxpayer must obtain an FEIN before filing. The Web site

obligation a similar Michigan insurer is required to pay in the

provides information on

company’s state of domicile. Enter all items that are required

obtaining an FEIN.

of a Michigan insurance company. Some taxes and obligations

imposed in other states may have no corresponding requirement

Returns received without a registered account number will

in Michigan; however, this does not relieve the foreign insurer

not be processed until such time as a number is provided.

from the obligation of computing and paying the tax.

Line 3: Check this box if the company is a foreign insurer.

Do not include the following Michigan assessments,

Alien insurers are considered foreign insurers, unless their port

or comparable assessments in the company’s state of

of entry is Michigan, in which case the company is considered

incorporation, in the retaliatory calculation:

domestic for the filing of this return.

• Michigan Workers’ Compensation Placement Facility

Line 4: Alien insurers, enter the two-letter postal code for the

• Michigan Basic Property Insurance Association

U.S. state that is your port of entry.

• Michigan Automobile Insurance Placement Facility

Line 5: Enter all gross direct premiums written on property or

• Property and Casualty Guaranty Association

risk located or residing in Michigan.

Form 4904 To 4905 - Michigan Corporate Income Tax For Insurance Companies - 2014 Page 11

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