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Form 4913 Rev December , Fill in Version
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People also ask
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Who pays Michigan corporate income tax?
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.
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What is the tax rate for C corporations in Michigan?
Michigan Corporate Income Tax (CIT) The CIT imposes a 6% corporate income tax on C corporations and taxpayers taxed as corporations federally.
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Can Michigan taxes be paid online?
You can make your Michigan Individual Income Tax payments electronically by check, debit, or credit card.
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Where do I send my Michigan state tax payment?
Payments can be made prior to receiving a Notice of Intent/Final Bill for Taxes Due by using the Michigan Individual Income Tax e-Payments system. You can also submit any late or partial payments by check or money order to Michigan Department of Treasury, P.O. Box 30774, Lansing MI 48929.
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Can you pay Michigan corporate taxes online?
Michigan Treasury Online Help Center MTO allows responsible parties of a business, their representatives, or anyone with a legitimate purpose secure, 24/7 online access to Treasury business tax accounts to electronically file and pay business taxes, update account information, and view Treasury issued correspondence.
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What is the difference between CIT and MBT in Michigan?
The CIT replaces the Michigan Business Tax; however, MBT taxpayers who have received or been assigned certain certificated credits may elect to continue to file under the MBT rather than the new CIT in order to claim such credits.
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How do you pay taxes as a corporation?
The corporation must file a corporate tax return, IRS Form 1120, and pay taxes at a corporate income tax rate on any profits. If a corporation will owe taxes, it must estimate the amount of tax due for the year and make quarterly payments to the IRS by the 15th day of the 4th, 6th, 9th, and 12th months of the tax year.
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Does Michigan require estimated tax payments?
The Michigan Income Tax Act requires that a person must make estimated tax payments quarterly if the person's income tax liability, after credits and withholding, will be $500 or more for the year.
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