Form 4571 - Michigan Business Tax Common Credits For Small Businesses

Form 4571 - Michigan Business Tax Common Credits For Small Businesses - 2014 Page 5

Line 13: All taxpayers must complete this line.

If gross receipts from Form 4567, line 12, are $19,000,000 or

less, carry the amount on line 13 to Form 4568, line 7. For tax

years less than 12 months, use annualized gross receipts. For

guidance, see the “Annualizing” section at the beginning of

these instructions.

UBGs: For the purpose of calculating the credit reduction

based on gross receipts, the UBG combined gross receipts

must reflect the sum of every member’s gross receipts on a

12-month basis, before eliminations. Therefore, if no members

of the UBG are short-year filers, use the amount from the

MBT Unitary Business Group Combined Filing Schedule for

Standard Members (Form 4580), Part 2B, line 17A. Otherwise,

for all short-year members of the group, annualize their gross

receipts amount from Form 4580, Part 2A, line 17A, and then

combine the annualized amounts with the gross receipts (Form

4580, Part 2A, line 17A) for the remaining group members.

Reduction Based on Gross Receipts

Line 15: For tax periods less than 12 months, enter annualized

gross receipts to determine if annualized gross receipts are

more than $19,000,000 but not more than $20,000,000.

UBGs: To calculate the entry for this line, see the UBG

guidance under line 13. Enter the sum of all members’ 12-month

basis gross receipts, before eliminations, on line 15 of this form.

PART 2: GROSS RECEIPTS FILING THRESHOLD

CREDIT

Complete Part 2 if apportioned gross receipts are equal to or

greater than $350,000 but less than $700,000.

Line 23: For tax periods less than 12 months, enter annualized

gross receipts. For guidance, see the “Annualizing” section at

the beginning of these instructions.

UBGs: To calculate the entry for this line, see the UBG

guidance under line 13. Enter the sum of all members’

12-month basis gross receipts, before eliminations, on line 23

of this form.

Include completed Form 4571 as part of the tax return filing.

Form 4571 - Michigan Business Tax Common Credits For Small Businesses - 2014 Page 5