Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 6
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41How Do I Compute Penalty and Interest?
Please print the name of the taxpayer and preparer in
the appropriate area on the return.
Annual returns filed late or without sufficient
If you do not wish to receive an SBT instruction
payment of the tax due are subject to a penalty of 5
book, please check the box on the return and we will
percent of the tax due per month plus interest.
remove you from the mailing list for future books.
Maximum penalty is 50 percent of the tax due.
Where Do I Mail My Return?
Estimated returns not filed or filed after the due
date are subject to a penalty of 5 percent of the unpaid
Mail your annual return or Notice of No SBT Return
tax per month. Maximum penalty is 50 percent of the
Required (Form C-8030) with all necessary schedules
estimated tax due. If you underpay your estimate, a
and payment if applicable to:
penalty of 10 percent for negligence or 25 percent for
Michigan Department of Treasury
intentional disregard may apply. Treasury will bill you
P.O. Box 30059
for penalties due under these circumstances.
Lansing, MI 48909
You may compute penalty and interest for underpaid
Mail your extension application (Form 4) to:
estimates using SBT Penalty and Interest Computation
Michigan Department of Treasury
for Underpaid Estimated Tax (Form C-8020) on page
P.O. Box 30207
63. If you prefer not to file this form, Treasury will
Lansing, MI 48909
compute your penalty and interest and bill you.
Mail your quarterly estimate payments (Form C-8002)
The interest rate varies with the filing period. Use
to:
the chart below to find the interest rate that applies to
Michigan Department of Treasury
you. A new interest rate is set at 1 percent above the
Dept. 77889
prime rate for each 6-month period.
Detroit, MI 48277-0889
Beginning date
Rate
Daily Rate
The estimated returns are the only SBT forms that are
sent to Detroit. Make all checks payable to: “State of
January 1, 2002
8.0%
.0002192
Michigan.” Write your federal employer number and
July 1, 2001
10.1%
.0002767
“SBT” on the check.
January 1, 2001
10.4%
.0002849
Correspondence. You may report address changes or
business discontinuance on the annual return. To
For a complete list of interest rates, request RAB
report changes in your tax status or business activity,
2001-03 or visit Treasury's Web site:
contact the Treasury Registration Section at
517-373-0888 or use the Notice of Change or
Discontinuance form provided in your sales, use and
How Do I Format Amounts
withholding taxes coupon book. Mail any other
I Enter on SBT Forms?
correspondence to the Customer Contact Division,
1. Losses: Report losses and negative amounts in
SBT Unit, at the address where you send your annual
brackets. For example [22,459.00].
return.
2. Percentages: Carry all percentages to six decimal
How Do I Get Forms?
places. Do not round percentages. For example
24.154256 percent becomes 24.1542 percent
- - The Michigan
(.241542).
Department of Treasury Web site has forms,
RABs and other useful information.
3. Round dollar amounts: Report all amounts in
whole dollars. Round up amounts of 50¢ or more.
- 517-241-8730 to have current year forms
Round down amounts of 49¢ or less.
faxed directly to you. Faxed forms may not have
instructions.
Who Must Sign the Return?
- Call 1-800-FORM-2-ME (1-800-367-6263) to
All returns must be signed and dated by the taxpayer
request forms for current and previous years, or
or the taxpayer’s authorized agent. This may be the
copies of Revenue Administrative Bulletins
owner, partner, corporate officer, officer’s agent or
(RABs).
association member.
- Department of Treasury offices listed on page 76.
If someone other than the above has prepared the
return, the preparer must also sign it and give his or
her business address and phone number.
8
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