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Michigan Department of Treasury 4590 Rev. 08-12 Page 1 2012 MICHIGAN Business Tax Annual Return for Financial Institutions Issued under authority of Public Act 36 of 2007. WITHOUT PAYMENT - Mail return to PO Box 30783 Lansing MI 48909 WITH PAYMENT Pay amount on line 43 and mail check and return to PO Box 30113 Make check payable to State of Michigan. Print taxpayer s FEIN or TR Number the tax year and MBT on the front of the check. Do not staple.

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Michigan Income Taxes Michigan has a flat income tax system, which means that income earners of all levels pay the same rate: 4.25% of taxable income. That is one of the lowest rates for states with a flat tax.

As a business owner, you'll need to pay Michigan income tax on any money you pay yourself. These earnings flow through to your personal tax return. You'll be taxed at the standard rates for Michigan, and you'll get to apply regular allowances and deductions.

In Michigan, a UBG with members that are corporations must file Form 4891. A Designated Member (DM) must file the return on behalf of the standard members of the group. In a parent-subsidiary controlled group, the controlling member must serve as DM if it has nexus with Michigan.

Michigan Corporate Income Tax (CIT) The CIT imposes a 6% corporate income tax on C corporations and taxpayers taxed as corporations federally.

Michigan's Corporate Income Tax (CIT) is at a flat rate of 6%. The tax applies to C Corporations and any entity that elects to be taxed as a C corporation. Income is apportioned based 100% on the sales factor.

LLC profits and losses are passed on to LLC members, who then pay individual income tax on what they earn. Under default filing status, LLC member income is subject to the 15.3% federal self-employment tax rate plus Michigan's 4.25% individual income tax rate.

All taxpayers other than financial institutions and insurance companies (described here as standard taxpayers) with nexus and apportioned or allocated gross receipts equal to $350,000 or more and whose CIT tax liability is greater than $100 must file a CIT Annual Return (Form 4891).

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232