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People also ask
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Why would you claim exemption from Michigan state withholding?
Employees may claim exemption from withholding only if they do not anticipate a Michigan income tax liability for the current year because their employment is less than full-time and the personal and dependency exemptions exceed their annual compensation. Any changes made to an MI-W4 makes the form invalid.
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What is Michigan Form 4891?
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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Who must file Form 4567 in Michigan?
In Michigan, a UBG with standard members must file Form 4567. 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.
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What is form 4567?
Instructions for Form 4567 Michigan Business Tax (MBT) Annual Return. Page 1. 15. Purpose. To calculate the Modified Gross Receipts Tax and Business Income Tax as well as the surcharge for standard taxpayers.
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Who has to pay the Michigan business tax?
The Michigan corporation tax filing requirements specify that all corporations, insurance companies, and financial institutions that expect a liability that exceeds $800 for a specific tax year will be required to make quarterly estimated payments as well as returns.
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Who must file Michigan form 4891?
Every standard taxpayer with nexus in Michigan and with apportioned or allocated gross receipts of $350,000 or more and whose CIT tax liability is greater than $100 must file an annual CIT return. (The gross receipts filing threshold does not apply to insurance companies or financial institutions.)
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What is the property tax assessment in Michigan?
In Michigan, a home's assessed value, in theory, should be approximately 50% of the estimated market value. Local assessors calculate how much your home is worth in the open market by using the “comparative sales” method to value your home. That number is then divided by two to signNow the assessed value.
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