Get 4897 - State Of Michigan

This guide provides comprehensive, step-by-step instructions for users on how to fill out the 4897 form, which is required for reporting corporate income tax data on Unitary Business Group members in Michigan. This resource aims to support individuals and businesses in completing the form accurately and efficiently.

Follow the steps to complete the 4897 form online.

1. Click the ‘Get Form’ button to obtain the document and open it in your preferred editing tool.
2. Begin by entering the designated member name and their Federal Employer Identification Number (FEIN) in the appropriate fields.
3. Fill in the member name and their corresponding FEIN, ensuring all information matches official records.
4. Provide the member's street address, including city, state, ZIP/postal code, and country code, in the defined fields.
5. If applicable, check the box to indicate if a special sourcing formula for transportation services was utilized.
6. Input the federal tax period covered by the return in the format MM-DD-YYYY.
7. Check the box to confirm if the member has nexus with Michigan.
8. If the member is a part-year member, enter the start and end dates of membership in the required MM-DD-YYYY format.
9. Enter the North American Industry Classification System (NAICS) code for the member using the six-digit code.
10. Input the business and capital loss carryforward information from previous periods, detailing the relevant figures accurately.
11. Complete the sales and gross receipts sections by entering Michigan sales, eliminations, and total sales in the specified fields.
12. Detail the member's business income by accurately entering figures from the federal taxable income.
13. Review all entries for accuracy, making sure to check the instructions for any deductions or adjustments that may apply.
14. Once completed, save your changes to the form, and choose to download or print the document if needed.
15. If necessary, share the form or submit it as per the guidelines provided by the Michigan Department of Treasury.

Start filling out your 4897 form online today to ensure compliance with Michigan's corporate tax requirements.