Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 14
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41LINE-BY-LINE INSTRUCTIONS
Lines not listed are explained on the form.
Line 12:
• Corporations - complete SBT Schedule of
Refund only: If your adjusted gross receipts are less
Shareholders and Officers (Form C-8000KC), page 43,
than $250,000 and you are filing this form only to claim a
before continuing. Attach completed schedule to your
refund, skip lines 10 - 16 and 22-25.
return.
Line 1, Taxable Year. If you operate on a fiscal year,
• Partnerships and LLC Partnerships - complete SBT
enter the beginning and ending dates, month and year, of
Schedule of Partners (Form C-8000KP), page 47,
your annual accounting period. For periods less than 12
before continuing. Attach completed schedule to your
months, enter the beginning and ending dates that
return.
correspond to the taxable period you reported to the IRS.
Line 15, Unincorporated/S-corporation Credit.
Line 3, Business Start Date. Enter the start date of your
Taxpayers who are unincorporated or are S-corporations
first Michigan business activity.
are allowed a credit against the SBT. Multiply line 14 by
Line 4, Principal Business Activity. Enter a brief
the percent from the table below and enter the result on
description of your business activity. For example,
line 15.
forestry, fisheries, mining, construction, manufacturing,
Unincorporated/S-corporation Tax Credit Table
transportation, communication, electric, gas, sanitary
If business income* is:
The credit is:
services, wholesale trade, retail trade, finance or services.
$20,000 or less ............................. 20% of the liability
Line 5, Account Number. Be sure to use the same
More than $20,000
account number on all forms. Use your federal employer
but less than $40,000 ................ 15% of the liability
identification number (FEIN) or the Michigan Treasury
$40,000 or more ........................... 10% of the liability
(TR) number assigned. If your organization type is
*See page 6 for tax years less than 12 months.
individual and you do not have an account number yet,
enter your Social Security number and enter an S in the
Line 18. Enter the total tax paid with your SBT quarterly
box to the right. For all other organization types, if you
tax returns (Form C-8002), or the estimated single
do not have an account number, leave line 5 blank.
business tax paid with the Combined Return for Michigan
Line 7, Organization Type. Check the box that
Taxes. Include all payments made on returns that apply to
describes your organization type. If you are a Limited
the current year.
Liability Company check the appropriate box based on
Line 20, Refundable Credits. If you are claiming a
your federal return.
Michigan Economic Growth Authority (MEGA)
Arrow
: If you do not want to receive an SBT
Employment Tax Credit, a Workers’ Disability
instruction book in the future, please check the box on
Supplemental Benefit (WDSB) Credit or an
the front of the form and we will remove you from the
Apprenticeship Credit, see SBT Miscellaneous Credits
mailing list. If in the future you would like to be
(Form C-8000MC), page 49.
included, please contact us at 517-373-8030.
Line 23, Penalty and Interest. If you owe penalty and
Note: Lines 8 and 9 are used only to determine your
interest for not filing estimated returns or for
filing requirements and small business credit eligibility.
underestimating your tax, complete SBT Penalty and
They are not part of the tax calculation.
Interest Computation for Underpaid Estimates (Form
Line 8, Gross Receipts. Use the checklist on page 19 as
C-8020), page 63, to compute penalty and interest due. If
a guide to be sure you have totalled your receipts
you prefer not to file this form, Treasury will compute
correctly. Use the appropriate worksheet on page 16 to
your penalty and interest and bill you.
determine gross receipts.
Line 24, Penalty and Interest. See “How Do I Compute
Line 9, Recapture of Capital Acquisition Deduction.
Penalty and Interest” on page 8.
If you disposed of any depreciable real or personal
Reminder: See “Who Must Sign the Return” on page 8.
property during the taxable year that you acquired in a
Federal Forms: You must attach copies of these federal
tax year beginning prior to January 1, 2000, or moved
forms to your return.
outside of Michigan depreciable property purchased in a
tax year beginning after December 31, 1996 and before
• Corporations - U.S. 1120, 1120A, pages 1 - 4. If you
January 1, 2000, complete the SBT Recapture of Capital
file as part of a consolidated federal return, attach a
Acquisition Deduction (Form C-8000D), page 27, before
proforma or consolidated schedule.
continuing. Attach completed schedule to your return.
• S-corporations - U.S. 1120S, pages 1 - 4*
Line 10, Business Income. Use the appropriate
• Individuals & Fiduciaries - U.S. 1040, Schedules C,
worksheet on page 16 to determine business income.
C-EZ, D and E and 4797
Line 11:
• Partnerships - U.S. 1065, pages 1 - 4* and 8825.
• Fiduciaries and corporations. Enter the sum of
• Limited Liability Companies - Attach appropriate
applicable net operating loss and capital loss from
schedules shown above based on federal return filed.
your federal schedule that was included in your
*Do not send copies of K-1s. We will request them if we
business income reported on line 10. This cannot be a
need them.
negative number.
20
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