Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 24
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41Line 12. Multiply the amount in column A by 5 percent and
Example 3: Formula for Transportation Services
enter the total in column C.
Line 15. Multiply the amount in column A by 90 percent
Michigan revenue-miles
Gross receipts
and enter the total in column C.
for property
x
for property
Line 16. Add the percentages in column C, lines 9, 12 and
Total revenue-miles
Total gross receipts
15 to arrive at apportionment percentage. Use this
for property
percentage to apportion: (1) The tax base on Form
+
C-8000, line 33, unless you have fewer than 3 factors or use
Michigan revenue-miles
Gross receipts
a formula for a special situation, (2) The recapture of capital
for people
x
for people
acquisition deduction on Form C-8000D, and
(3) The
Total revenue-miles
Total gross receipts
capital investments and recapture on Form C-8000ITC.
for people
Part 2, Transportation Services, Financial
= Your apportionment percentage
Organizations, or Taxpayers Authorized to Use a Special
Formula.
Lines 17-19. Use these lines if you provide transportation
Financial Organizations
services, are a financial organization or if you are authorized
The apportionment percentage used by a financial
by the Revenue Commissioner to use a special formula, see
organization is based on gross business. Gross business is
Formulas for Special Situations on page 36. If you use these
the sum of:
lines, attach a detailed explanation.
1. fees, commissions or other compensation for financial
Part 3, Capital Acquisition Apportionment
services;
Complete this section only if you disposed of depreciable
2. gross profits from trading in stocks, bonds, or other
personal property that you acquired in a tax year beginning
securities;
before October 1, 1989.
3. interest charged to customers for carrying debit balances
Line 23. If you have both property and payroll factors, i.e.,
of margin accounts without deduction of any costs
you entered amounts greater than zero on lines 8 and 11,
incurred in carrying the accounts;
divide line 22 by 2 to get the average percentage. If you
4. interest and dividends received; plus
have only one factor, enter the percentage shown on line 22.
5. any other gross income resulting from operations as a
Use this percentage to compute your recapture of capital
financial organization.
acquisition deduction on Form C-8000D, line 11.
Enter on line 17 your gross business in Michigan during
Attach this schedule to your annual return.
the tax year. Enter on line 18 the total gross business
everywhere during the tax year. Divide line 17 by line 18.
Use this percentage to figure your apportioned tax base on
Single Business Tax Annual Return (Form C-8000), line 33.
LINE-BY-LINE INSTRUCTIONS
If 100 percent of your property and payroll are attributable
to Michigan, you must show proof that substantial nexus has
been created with another state. Please attach copies of
returns filed with that state or a description of activity in that
state to help us verify nexus.
Lines not listed are explained on the form.
Lines 2, Account Number. Enter the same account number
used on page 1 of your annual return.
Part 1, Computation of Apportionment Percentage.
Line 9. Multiply the amount in column A by 5 percent and
enter the total in column C.
Note: The Commissioner of Revenue may require
periodic averaging of property values during the tax
year if this is reasonably required to reflect the average
value of the filer’s property.
37
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