Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 7
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41INSTRUCTIONS FOR C-8000 ANNUAL RETURN
Lines not listed are explained on the form.
Every person who is engaged in business activity in
Gross Receipts Checklist
Michigan and whose adjusted gross receipts are $250,000
Note: This checklist is not intended to be all encompassing.
or more must file an annual return.
Line 1, Taxable Year. If you operate on a fiscal year,
Receipts include- but are not limited to:
enter the beginning and ending dates, month and year, of
• Receipts (sales price) from the sale of assets used in a business activity;
your annual accounting period. For periods less than 12
•
Sale of Products;
months, enter the beginning and ending dates that
•
Services performed;
correspond to the taxable period you reported to the IRS.
•
Gratuities stipulated on a bill;
Line 3, Consolidated Filing -
•
Sales tax collected on the sale of tangible personal property;
•
Corporations. If you have received the Commissioner
•
Dividend and interest income;
of Revenue’s approval to file a consolidated or
•
Gross commissions earned;
combined SBT return, check the box and enter your
•
Rents;
authorization number on the line provided. Attach a
•
Royalties;
•
Professional services;
copy of your approved Request for Consolidated or
•
Sales of scrap and other similar items;
Combined Filing (Form C-8007) and your
•
Client reimbursed expenses not obtained in an agency capacity;
Affiliation Schedule - Consolidated Filing (Form
•
Gross proceeds from intercompany sales.
C-8008).
Receipts exclude:
Line 4, Controlled Groups. A controlled corporate
•
Proceeds from sales by a principal that are collected in an agency capacity
group is an affiliated group of corporations as defined in
solely on behalf of the principal and delivered to the principal;
the SBT Act or a controlled group of corporations as
•
Amounts received as an agent solely on behalf of the principal that are expended
defined in IRC Section 1563. Entities under common
by the taxpayer under certain circumstances;
control are two or more trades or businesses, whether or
•
Amounts from gross income of a foreign corporation engaged in the international
not incorporated, under common control as defined in the
operation of aircraft under section 883(a) of the internal revenue code;
•
Amounts received by an advertising agency used to acquire advertising media
Internal Revenue Service Regulation 1.414(c). This
time, space, production, or talent on behalf of another person;
includes parent-subsidiary, brother-sister or combined
•
Amounts received by a person that manages real property owned
groups of corporations. See RAB 1989-48 for further
by a client that are deposited into a separate account kept in the name
information.
of the client and that are not reimbursed and are not indirect payments
Reminder: Controlled groups must complete SBT
for management services provided to that client.
Adjusted Gross Receipts for Controlled Groups (Form
C-8010AGR) on page 61 to determine filing
Line 7, Business Start Date. Enter the start date of your
requirements for the group, and to determine
first Michigan business activity.
adjusted gross receipts for the group if an investment
Line 8, Principal Business Activity. Enter a brief
tax credit is taken. Attach completed schedule to
description of your business activity. For example,
your return.
forestry, fisheries, mining, construction, manufacturing,
Important: If you are a member of a controlled group
transportation, communication, electric, gas, sanitary
and are claiming a statutory exemption or small business
services, wholesale trade, retail trade, finance or services.
credit, complete SBT Allocation of Statutory Exemption,
Line 9, Organization Type. Check the box that
Standard Small Business Credit and Alternate Tax for
describes your organization type. If you are a Limited
Members of Controlled Groups (Form C-8009) on page
Liability Company, check the appropriate box based on
55. Attach completed schedule to your return.
your federal return.
Line 5, Account Number. Use your federal employer
Arrow
: If you do not wish to receive an SBT
identification number (FEIN) or the Michigan Treasury
instruction book, please check the box on page 1 and we
(TR) number assigned. If your organization type is
will remove you from the mailing list for future books. If
individual and you do not have an account number yet,
in the future you would like to be included, please
enter your Social Security number and enter an S in the
contact us at 517-373-8030.
box to the right. Treasury will notify you when a
Michigan Treasury (TR) number is assigned. Please use
Line 10, Gross Receipts. Gross receipts means the entire
that number on all future SBT filings unless a federal
amount received from any activity whether in intrastate,
number has been assigned. For all other organization
interstate, or foreign commerce carried on for direct or
types, if you do not have an account number, leave line 5
indirect gain, benefit, or advantage to yourself or to
blank.
others, with certain exceptions. Use the above checklist
as a guide to be sure you have totalled your receipts
Be sure to use the same account number on all forms.
11
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial