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year immediately preceding the 2012 tax year, including

Lines 38 through 42: Attach proof of payment for any items

special assessments. Net the amounts paid and refunds received

listed in the “Michigan” column. Itemize any other assessments

during the 2011 tax year for the same facility or association.

not listed. Attach a separate list if necessary.

If refunds received exceed the amount paid in the year for the

Line 44: Enter the sum of accelerated and certificated

same facility or association, enter zero.

refundable credits:

• Accelerated credits: The amount from the Request for

Line 22a: Enter the amount of Michigan Examination Fees

Accelerated Payment for the Brownfield Redevelopment Credit

paid in 2012 (under Michigan Compiled Law 500.224).

and the Historic Preservation Credit (Form 4889), line 10. (If

Line 24: Enter the Miscellaneous Nonrefundable Credits from

the taxpayer has filed more than one Form 4889 during the tax

Michigan Business Tax Miscellaneous Credits for Insurance

year, enter here the combined total of credits claimed on all

Companies (Form 4596), line 28.

Forms 4889, line 10);

Retaliatory Instructions

• Certificated Refundable credits: The sum of the amounts

For foreign and alien insurers only; domestic insurers skip

reported on Form 4596, lines 2, 3, and 4.

lines 30 through 46.

Line 46: Subtract line 45, column B, from line 45, column A.

Do not mail this return with the Michigan Annual Financial

If less than zero, enter zero. If line 45, column B, is a negative

Statement, and do not send the annual statement filing fee

number, add column A to the negative number in column B.

with this return. The taxpayer will be billed separately for the

This will increase the retaliatory amount reported.

annual statement filing fee by the Michigan Insurance Bureau.

PAYMENTS, REFUNDABLE CREDITS, AND TAX DUE

Foreign insurers must pay to Michigan the same type of

Line 49: Enter the total tax paid with the quarterly estimated

obligation a similar Michigan insurer is required to pay in the

tax returns.

company’s state of domicile. Enter all items that are required

Line 50: Enter the total withholding payments made on your

of a Michigan insurance company. Some taxes and obligations

behalf by flow-through entities. Include all withholding

imposed in other states may have no corresponding requirement

payments made on returns that apply to the tax year included

in Michigan; however, this does not relieve the foreign insurer

in this return. Included on this line would be Flow-Through

from the obligation of computing and paying the tax.

Withholding payments made by flow-through entities whose

Do not include the following Michigan assessments,

tax years ended with or within the tax year included in this

or comparable assessments in the company’s state of

return. For example, a calendar year filer would include Flow-

incorporation, in the retaliatory calculation:

Through Withholding payments made by a flow-through entity

• Michigan Workers’ Compensation Placement Facility

whose tax year ended on or after January 1, 2012, and on or

before December 31, 2012. Any flow-through entity that has

• Michigan Basic Property Insurance Association

withheld on behalf of the taxpayer should have provided the

• Michigan Automobile Insurance Placement Facility

taxpayer with the amount for its records.

• Property and Casualty Guaranty Association

If an amount is entered on this line, complete the MBT

• Michigan Life and Health Insurance Guaranty Association

Schedule of Flow-Through Withholding (Form 4966) to

• Catastrophic Claims Association

account for the Flow-Through Withholding payments received.

The amount entered on this line must equal the sum of the

• Assessment under Health Insurance Claims Assessment Act

combined amount from Form 4966, column E.

(HICAA).

Line 51: Enter any tentative payment of estimated tax made

California insurers must include Bureau of Fraudulent Claims

with a request for an extension of time to file the return.

assessments. New York domiciled companies must file and pay

Line 52: If claiming a credit, enter the amount from Form

a tentative retaliatory tax to Michigan by the annual due date,

March 1, 2012. An amended Form 4588 must be filed after

4596, line 5.

the actual CT33 is filed with New York. Transfer the CT33

Amended Returns Only:

numbers onto the amended Form 4588 and attach a copy of the

Line 54a: Enter payment made with the original return.

CT33 to substantiate the taxpayer’s claim.

Line 54b: Enter overpayment received (refund received plus

Line 30: Enter the tax a Michigan company would pay in the

credit forward created) on the original return.

state of incorporation for the company’s Michigan business.

Line 54c: Add lines 53 and 54a and subtract line 54b from

Attach a copy of the state’s tax form on which Michigan

the sum.

premiums were reported.

Line 56: If penalty and interest are owed for not filing

Lines 32 through 42: In column A, “State of Incorporation,”

estimated returns or for underestimating tax, complete

enter the payments that would have been payable by a similar

the MBT Penalty and Interest Computation for Underpaid

Michigan company doing business in the company’s home

Estimated Tax (Form 4582) to compute penalty and interest

state. In column B, “Michigan,” enter actual payments made to

due. If a taxpayer chooses not to file Form 4582, Treasury will

Michigan.

compute penalty and interest and bill for payment. (Form 4582

is available on the Web at )

Form 4588 - Insurance Company Annual Return For Michigan Business And Retaliatory Taxes - 2012 Page 4

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