Form 743 Michigan
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People also ask michigan form 743 printable
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What comes from the Michigan Department of Treasury?
ABOUT TREASURY The Michigan Department of Treasury is responsible for collecting, disbursing, and investing all state monies. Treasury advises the Governor on all tax and revenue policy, collects and administers more than $30 billion a year in state taxes and fees, and safeguards the credit of the state.
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Why would I be getting a letter from the Michigan Department of Treasury?
We will send a letter/notice if: You are due a larger or smaller refund. We have a question about your tax return. We need to verify your identity. We need additional information.
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Why would the state Treasury send me a letter?
Our records show you have an outstanding amount due. We are notifying you that we have sent this Notice of Levy (Levy) to the financial institution and/or person listed on the letter. We are requesting payment for your outstanding balance. Additional interest will accrue if the tax is not paid in full.
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What is a 743 form in Michigan?
It is an Internal Revenue Service form. The Michigan Income Allocation for Non-Obligated Spouse Form 743 is the only form accepted by the Michigan Department of Treasury when allocating income between spouses. The personalized form is the only form that will be accepted.
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How long does it take to get back child support from taxes in Michigan?
If the support payer files a joint federal tax return, Michigan's child support program places the refund offset money on hold for six months before the program will send the refund offset money to the payee.
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Why am I getting a check from Michigan Treasury?
The Michigan Earned Income Tax Credit (EITC) was expanded from 6% to 24% effective tax year 2022. When this law took effect, 2022 tax returns were already filed. Therefore, in February 2024, Treasury mailed supplemental check payments to qualified filers who claimed the credit on their 2022 return.
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What is the exemption for dependents in Michigan?
These exemptions include: • $5,400 personal exemption . $5,400 for each dependent . $5,400 if you were the parent of a stillborn child delivered in 2023 and have a certificate of stillbirth from the Michigan Department of Health and Human Services .
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Why would I be getting a letter from the Department of Treasury?
Your payment may be less because you owed an overdue debt to a federal or state agency. If that is the case, you should have received a letter telling you this would happen. The law says that Treasury may withhold money to satisfy an overdue (delinquent) debt.
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