Fillable Printable Form 4583, 2011 Michigan Business Tax Simplified Return
Fillable Printable Form 4583, 2011 Michigan Business Tax Simplified Return
Form 4583, 2011 Michigan Business Tax Simplified Return
Michigan Department of Treasury
4583 (Rev. 09-11), Page 1
Check if this is an
amended return.
Attach supporting documents.
Issued under authority of Public Act 36 of 2007.
This form cannot
This form may be used instead of the standard Form 4567, Michigan Business Tax Annual Return, if all of the following conditions apply:
• Gross receipts do not exceed $19,000,000.
• Adjusted business income does not exceed $1,332,500.
• Filer is not apportioning business activity.
• Filer is
not a Unitary Business Group (UBG) or member of a UBG
.
• Filer is not required to
recapture credits or deductions.
• Filer is not claiming credits on Form 4584.
• No partner has distributive income of more than $160,000.
Partnerships must include Form 4578.
• No individual, shareholder or ofcer has allocated income of more
than $160,000. Corporations must include Form 4577.
MM-DD-YYYY MM-DD-YYYY
1. Return is for calendar year 2011 or for tax year beginning: and ending:
2. Name (print or type) 7. Federal Employer Identication Number (FEIN) or TR Number
Doing Business As (DBA) 8. Organization Type (LLC or Trust, see instructions)
Individual
C Corporation /
LLC C Corporation
Street Address
Check if
new address.
(See instructions)
City State ZIP/Postal Code Country Code
Fiduciary
S Corporation /
LLC S Corporation
3. Principal Business Activity 4. Business Start Date
Partnership / LLC Partnership
5. NAICS
(North American Industry Classication System) Code 6. If Discontinued, Effective Date
9. Gross Receipts (see instructions)........................................................................................................................... 9.
00
10. Business Income (see instructions) ........................................................................................................................ 10.
00
11. Capital loss and/or carryover or carryback of federal net operating loss. Enter as a positive number .................. 11.
00
12. Compensation and director fees of active shareholders from Form 4577, line 3 ................................................... 12.
00
13. Compensation and director fees of ofcers from Form 4577, line 4 ....................................................................... 13.
00
14. Adjusted Business Income. Add lines 10 through 13 .......................................................................................... 14.
00
15. Multiply line 14 by 1.8% (0.018). If less than zero, enter zero. If gross receipts
are greater than $700,000, skip lines 16 through 20 and enter the amount from line 15 on line 21 ...................... 15.
00
16. Threshold Ceiling.................................................................................................................................................... 16. 700,000
00
17. Gross Receipts from line 9. If less than 12 months, enter the annualized amount ................................................ 17.
00
18. Excess Gross Receipts. Subtract line 17 from line 16............................................................................................ 18.
00
19. Gross Receipts Filing Threshold Credit Percentage. Divide line 18 by 350,000 .................................................... 19.
%
20. . Multiply line 15 by line 19................................................................... 20.
00
21. Subtract line 20 from line 15 .............................................. 21.
00
+ 0000 2011 67 01 27 7 Continue and sign on Page 2.
4583, Page 2
FEIN or TR Number
22. Overpayment credited from prior MBT return ........................................................................................................ 22.
00
23. Estimated tax payments ........................................................................................................................................ 23.
00
24. Tax paid with request for extension ....................................................................................................................... 24.
00
25. Refundable credits from Form 4574, line 31 ......................................................................................................... 25.
00
26. Total. Add lines 22 through 25. (If not amending, skip to line 28.) ........................................................................ 26. 00
a. Payment made with the original return ................................ 27a.
00
27.
b. Overpayment received on the original return ...................... 27b.
00
c. Add lines 26 and 27a and subtract line 27b from the sum ..... ................................................... 27c.
00
28. Subtract line 26 (or line 27c, if amending) from line 21. If less than zero, leave blank ........................ 28.
00
29. Underpaid estimate penalty and interest from Form 4582, line 38 ........................................................................ 29.
00
30. Annual return penalty (a) % = (b) 00 plus interest of (c) 00 . Total ...... 30d.
00
31. If line 28 is blank, go to line 32. Otherwise, add lines 28, 29 and 30d and enter here .............. 31.
00
32.
Overpayment. Subtract lines 21, 29 and 30d from line 26 (or line 27c, if amending).
If less than zero, leave blank (see instructions)..................................................................................................... 32.
00
33. Amount on line 32 to be credited forward and used as an estimate for next tax year ........ 33.
00
34. Amount on line 32 to be refunded......................................................................................................... 34.
00
I declare under penalty of perjury that the information in this
return and attachments is true and complete to the best of my knowledge.
I declare under penalty of perjury that this
return is based on all information of which I have any knowledge.
Preparer’s PTIN, FEIN or SSN
By checking this box, I authorize Treasury to discuss my return with my preparer.
Authorized Signature for Tax Matters Preparer’s Business Name (print or type)
Authorized Signer’s Name (print or type) Date Preparer’s Business Address and Telephone Number (print or type)
Title Telephone Number
Mail return to: Pay amount on
line 31 and mail check and return to:
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 the check to the return.
Michigan Department of Treasury
P.O. Box 30783
Lansing, MI 48909
Michigan Department of Treasury
P.O. Box 30113
Lansing, MI 48909
+ 0000 2011 67 02 27 5
Purpose
This form allows qualifying standard taxpayers to claim the
Small Business Alternative Credit and to le and pay the MBT
due without computing the Business Income Tax or Modied
Gross Receipts Tax imposed under Sections 201 and 203 of the
MBT Act. Qualied taxpayers may also use this form to claim
the Gross Receipts Filing Threshold Credit and any refundable
credits for which they are eligible.
NOTE: The MBT Election of Refund or Carryforward of Credits
(Form 4584) cannot be used in conjunction with this form.
Credit
Standard taxpayers (all taxpayers who are not nancial
institutions or insurance companies) are eligible to use this
form if all of the following conditions apply:
• Gross receipts do not exceed $19,000,000.
• Adjusted business income does not exceed $1,332,500.
• Adjusted business income does not exceed $160,000 for
Individuals or Fiduciaries.
• Filer is not a Unitary Business Group (UBG) or member of
a UBG.
• Filer does not have to complete the MBT Schedule of
Recapture of Certain Business Tax Credits and Deductions
(Form 4587), and does not have net Investment Tax Credit
recapture from the MBT Credits for Compensation, Investment,
and Research and Development (Form 4570).
• Filer is not apportioning business activity.
• No partner has distributive income of more than $160,000.
Partnerships must include the MBT Schedule of Partners (Form
4578).
• No individual, shareholder, or ofcer has allocated income
over $160,000. Corporations must include the MBT Schedule
of Shareholders and Ofcers (Form 4577). (Does not apply to
Individuals and Fiduciaries ling as Individuals.)
• Filer is not a scal ler.
NOTE: Taxpayers leasing employees from professional
employer organizations must include the compensation
of ofcers and shareholders (of the operating company)
who receive compensation from the professional employer
organizations in determining the taxpayers’ eligibility for
Small Business Alternative Credit.
NOTE: A member of a Limited Liability Company (LLC) is
characterized for MBT purposes as a partner, shareholder, or
owner based on the federal tax classication of the LLC. An
LLC taxed as a Partnership for federal purposes must le
as a Partnership for MBT. Similarly, an LLC taxed as a C
Corporation or S Corporation for federal purposes must le
under that same status for MBT.
Corporations: Allocated income in the case of a C
Corporation is either:
a) Shareholder or ofcer compensation and director fees from
Form 4577, column L, or
b) Shareholder or ofcer compensation, director fees, and
share of business income or loss from Form 4577, column N.
If either (a) or (b) is greater than $160,000, the Corporation is
not eligible to le this form.
Allocated income for an S Corporation is shareholder
compensation, director fees, and share of business income or
loss from Form 4577, column N.
Even if eligible to le this form, a taxpayer may pay a lower
tax by ling the MBT Annual Return (Form 4567) and taking
the Small Business Alternative Credit using the MBT Common
Credits for Small Businesses (Form 4571). This is especially
true if any of the following applies:
• An MBT business loss carryforward exists, or
• A nonrefundable or hybrid (Form 4584) credit may be
claimed.
Tax Period Less Than 12 Months: If a business operates less
than 12 months, annualize gross receipts, business income, and
all income of shareholders, ofcers, and partners to determine
the eligibility for a Small Business Alternative Credit. Do not
use annualized numbers on the return, unless requested; use
them only to determine ling requirements and qualications
for credits.
Lines not listed are explained on the form.
Dates must be entered in MM-DD-YYYY format.
For periods less than 12 months, see the “General Information
for Standard Taxpayers” in the MBT Forms and Instructions
for Standard Taxpayers (Form 4600).
A taxpayer, other than a UBG, that does not le a separate
federal return (e.g., a taxpayer that is a federally disregarded
entity and that did not le as a separate entity, or a taxpayer
that is a member of a federal consolidated group) must prepare
a pro forma federal return or equivalent schedule and use it as
the basis for preparing its MBT return. A taxpayer (other than
a UBG) that owns one or more federally disregarded entities
must prepare a pro forma federal return or equivalent schedule
that excludes the activity of the disregarded entity(ies), and
use it as the basis for preparing its MBT return. For standard
members of a UBG, this pro forma requirement is addressed
in the MBT UBG Combined Filing Schedule for Standard
Members (Form 4580), Part 2A, and its instructions. For
additional information, see “Changes for Disregarded Entities”
in the “Important Information” section of the MBT Forms and
Instructions for Standard Taxpayers (Form 4600).
Amended Returns: To amend a current or prior year annual
return, complete the Form 4583 that is applicable for that year,
check the box in the upper-right corner of the return, and
attach a separate sheet explaining the reason for the changes.
Include an amended federal return or a signed and dated
Internal Revenue Service (IRS) audit document. Include all
schedules led with the original return, even if not amending
that schedule. Enter the gures on the amended return as they
should be. Do not include a copy of the original return with
your amended return.
Refund Only: For taxpayers with allocated gross receipts less
than $350,000, who are otherwise eligible to use this form and are
ling this form to claim a refund of estimates paid, skip lines 10
through 21 and lines 28 through 31.
Line 1: If not a calendar year taxpayer, enter the beginning
and ending dates that correspond to the taxable period reported
to the IRS.
Tax year means the calendar year, or the scal year ending
during the calendar year, upon the basis of which the tax base
of a taxpayer is computed. If a return is made for a part of a
year, tax year means the period for which the return is made.
Generally, a taxpayer’s tax year is for the same period as is
covered by its federal income tax return.
Line 2: Enter the complete address and, if other than the
United States, enter the two-digit abbreviation for the country
code. See the list of country codes in Form 4600.
Correspondence about and any refund from this return will
be sent to the address used here. Check the new address box
if the address used on this line has changed from last ling.
The taxpayer’s primary address in Department of Treasury
(Treasury) les, identied as the legal address and used for all
purposes other than refund and correspondence on a specic
MBT return, will not change unless the taxpayer les a Notice of
Change or Discontinuance (Form 163). Exception: If mail sent
to the legal address has been returned to Treasury by the United
States Postal Service, Treasury will update the taxpayer’s legal
address with the address used on this line in the most recent
MBT return.
Line 3: Enter a brief description of business activity
(for example, forestry, sheries, mining, construction,
manufacturing, transportation, communication, electric, gas,
sanitary services, wholesale trade, retail trade, nance, or
services, etc.).
Line 4: Enter the start date of rst business activity in Michigan.
Line 5: Enter the entity’s six-digit North American Industry
Classication System (NAICS) code. For a complete list of six-
digit NAICS codes, see the U.S. Census Bureau Web site at
www.census.gov/eos/www/naics/, or enter the same NAICS
code used when ling the entity’s U.S. Form 1120, Schedule K,
U.S. Form 1120S, U.S. Form 1065 or U.S. Form 1040,
Schedule C.
Line 6: Enter the date, if applicable, on which taxpayer went
out of existence. To complete the discontinuance for Michigan
taxes, le Form 163, which is available on Treasury’s Web site
at www.michigan.gov/treasuryforms. If the taxpayer is still
subject to another tax administered by Treasury, do not use this
line.
Line 7: Use the taxpayer’s Federal Employer Identication
Number (FEIN) or the Michigan Treasury (TR) assigned
number. Be sure to use the same account number on all forms.
If the taxpayer does not have an FEIN or TR number,
the taxpayer MUST
register before ling this form.
Taxpayers are encouraged to register online at
www.michigan.gov/businesstaxes. The Web site provides
information on obtaining an FEIN, which is required to submit
taxes through e-le. Taxpayers usually can obtain an FEIN from
the IRS within 48 hours. Taxpayers registering with the State
online usually receive an account number within seven days.
Returns received without a registered account number will not
be processed until such time as a number is provided.
Line 8: Check the box that describes the organization type.
A Trust or LLC should check the appropriate box based on its
federal return.
NOTE: A federally disregarded entity that les MBT as
a distinct entity is classied for MBT purposes according
to the federal tax classication of its owner. For additional
information, see “Changes for Disregarded Entities” in the
“Important Information” section of the MBT Forms and
Instructions for Standard Taxpayers (Form 4600).
Part 1: Calculation of Tax
Line 9: Gross receipts means the entire amount received by
the taxpayer, as determined by using the taxpayer’s method of
accounting for federal income tax purposes, from any activity,
whether in intrastate, interstate, or foreign commerce, carried
out for direct or indirect gain, benet, or advantage to the
taxpayer or to others, with certain exceptions.
Calculation of gross receipts also involves a phased-in
deduction (75 percent in the 2011 tax year) of any amount
deducted as bad debt for federal income tax purposes that
corresponds to items of gross receipts included in the modied
gross receipts tax base for the current tax year or past tax
years. This partial reduction is reected in the Gross Receipts
Worksheet (Worksheet 4700) discussed below. Receipts
include, but are not limited to:
• Receipts (sales proceeds) from the sale of assets used in a
business activity
• Sale of products
• Services performed
• Gratuities stipulated on a bill
• Sales tax collected on the sale of tangible personal property,
subject to a phase-out schedule
• Dividend and interest income
• Gross commissions earned
• Rents
• Royalties
• Sales of scrap and other similar items
• Client reimbursed expenses not obtained in an agency
capacity
• Gross proceeds from sales between afliated companies,
including members of a UBG.
Use Worksheet 4700, in Form 4600, to calculate gross receipts.
Attach this worksheet to the return. Gross receipts are not
necessarily derived from the federal return; however, this
worksheet will calculate gross receipts as dened by law in
most instances. Taxpayers and tax professionals are expected to
be familiar with uncommon situations within their experience,
which produce gross receipts not identied by specic lines on
this form, and report that amount on the most appropriate line.
Treasury may adjust the amount resulting from this worksheet
to account properly for such uncommon situations.
Line 10: Business income means that part of federal taxable
income derived from business activity. For MBT purposes,
federal taxable income means taxable income as dened in
Internal Revenue Code (IRC) § 63, except that federal taxable
income shall be calculated as if IRC § 168(k) [as applied to
qualied property placed in service after December 31, 2007] and
IRC § 199 were not in effect. For a Partnership or S Corporation
(or LLC federally taxed as such), business income includes
payments and items of income and expense that are attributable
to business activity of the Partnership or S Corporation and
separately reported to the partners or shareholders.
Use the Business Income Worksheet (Worksheet 4746), in Form
4600, to calculate business income. Attach this worksheet
to the return. This worksheet will calculate business income
as dened by law in most circumstances. Taxpayers and tax
professionals are expected to be familiar with uncommon
situations within their experience, which produce business
income not identied by specic lines on this worksheet, and
report that amount on the most appropriate line. Treasury may
adjust the amount resulting from this worksheet to account
properly for such uncommon situations.
For an organization that is a mutual or cooperative electric
company exempt under IRC § 501(c)(12), business income
equals the organization’s excess or deciency of revenues over
expenses as reported to the federal government, less capital
credits paid to members of that organization, less income
attributed to equity in another organization’s net income,
and less income resulting from a charge approved by a state
or federal regulatory agency that is restricted for a specied
purpose and refundable if it is not used for the specied
purpose.
For a tax-exempt person, business income means only that
part of federal taxable income (as dened for MBT purposes)
derived from unrelated business activity.
For an Individual or an Estate, or for a Partnership or Trust
organized exclusively for estate or gift planning purposes,
business income is that part of federal taxable income (as
dened for MBT purposes) derived from transactions,
activities, and sources in the regular course of the taxpayer’s
trade or business, including the following:
• All income from tangible and intangible property if the
acquisition, rental, management, or disposition of the property
constitutes integral parts of the taxpayer’s regular trade or
business operations.
• Gains or losses incurred in the taxpayer’s trade or
business from stock and securities of any foreign or domestic
Corporation and dividend and interest income.
• Income derived from isolated sales, leases, assignment,
licenses, divisions, or other infrequently occurring dispositions,
transfers, or transactions involving property if the property is or
was used in the taxpayer’s trade or business operation.
• Income derived from the sale of a business.
NOTE: Personal investment income, gains from the sale of
property held for personal use and enjoyment or other assets
not used in a trade or business, and any other income not
specically derived from a trade or business that is earned,
received, or otherwise acquired by an Individual, an Estate,
or a Trust or Partnership organized or established exclusively
for estate or gift planning purposes, are not included in the
Business Income Tax base. This exclusion only applies to the
specic types of taxpayers identied above. Investment income
and any other types of income earned or received by all other
types of persons or taxpayers not specically referenced must
be included in the business income of the taxpayer.
Line 11: Enter all capital losses that were used federally to
offset capital gain. This is not the net amount found on the
U.S. Schedule D lines identied below, but rather the amount
of capital losses that were used in reaching the net amount on
those federal return lines. If ling U.S. Form 1040 or 1041,
include the capital loss amount that the Individual or Fiduciary
was able to use against the capital gain and the capital loss
amount that the Individual or Fiduciary was permitted to
deduct from ordinary income ($3,000 or less). Use both long-
term and short-term capital losses here.
Identify the capital losses used in calculating the net amount
using “Net short-term capital gain or (loss)” and “Net long-
term capital gain or (loss)” from Schedule D of federal Forms
1040, 1041, 1065, 1120 and 1120S, as applicable.
Also include on this line the net operating loss carryback or
carryover from the federal schedule that was included in the
business income reported on line 10. Report each of these
amounts as a positive number.
Line 17: For tax periods less than 12 months, enter annualized
gross receipts.
Line 23: Enter the total tax paid with the MBT Quarterly
Tax Return (Form 4548), or the estimated MBT paid with the
Combined Return for Michigan Taxes (Form 160), or the amount
paid through Electronic Funds Transfer. Include all payments
made on returns that apply to the current tax year. For example,
calendar-year lers include money paid with Form 160 for return
periods January through December.
Line 27a:
Enter payment made with original return.
Line 27b:
Enter overpayment received (refund received plus
credit forward created) on the original return.
Line 27c:
Add lines 26 and 27a and subtract line 27b from
the sum.
Line 29: If penalty and interest are owed for not ling estimated
returns or for underestimating a tax, complete the MBT Penalty
and Interest Computation for Underpaid Estimated Tax (Form
4582) to compute penalty and interest due. If a taxpayer prefers
not to le this form, Treasury will compute the penalty and
interest and bill for payment.
Line 30: Enter the annual return penalty rate in line 30a. Add
the overdue tax penalty in line 30b to the overdue tax interest
in line 30c. Enter total in line 30d.
Refer to the “Computing Penalty and Interest” section in Form
4600 to determine the annual return penalty rate and applicable
daily interest rate. Then use the following “Overdue Tax
Penalty” and “Overdue Tax Interest” worksheets.
A. Tax due from Form 4583, line 28 ........
00
B. Late/extension or insufcient payment
penalty percentage ...............................
%
C. Multiply line A by line B .....................
00
Carry amount from line C to Form 4583, line 30b.
A. Tax due from Form 4583, line 28 ........
00
B. Applicable daily interest percentage ..
%
C. Number of days return was past due ...
D. Multiply line B by line C ....................
%
E. Multiply line A by line D ....................
00
Carry amount from line E to Form 4583 line 30c.
Line 30c: NOTE: If the late period spans more than one
interest rate period, divide the late period into the number
of days in each of the interest rate periods identied in the
“Computing Penalty and Interest” section in Form 4600, and
apply the calculations in the “Overdue Tax Interest” worksheet
separately to each portion of the late period. Combine these
interest subtotals and carry the total to Form 4583, line 30c.
Line 32: If the amount of the overpayment, less any penalty
and interest due on lines 29 and 30d is less than zero, enter the
difference (as a positive number) on line 31. If the amount is
greater than zero, enter on line 32.
NOTE: If an overpayment exists, a taxpayer must elect a
refund of all or a portion of the amount and/or designate all or
a portion of the overpayment to be used as an estimate for the
next MBT tax year. Complete lines 33 and 34 as applicable.
Line 33: If the taxpayer anticipates an MBT liability in the
ling period subsequent to this return, some or all of any
overpayment from line 32 may be credited forward to the next
tax year as an estimated payment. Enter the desired amount to
use as an estimate for the next MBT tax year.
Reminder: Taxpayers must sign and date returns. Tax
preparers must provide a Preparer Taxpayer Identication
Number (PTIN), FEIN or Social Security number (SSN), a
business name, and a business address and phone number.
Federal Forms: Attach copies of these forms to the return.
• C Corporations: U.S. Form 1120 (pages 1 through 4),
Schedule D, Form 851, Form 4562, and Form 4797. If ling
as part of a consolidated federal return, attach a pro forma or
consolidated schedule.
• S Corporations: U.S. Form 1120-S (pages 1 through 4)*,
Schedule D, Form 851, Form 4562, Form 4797, Form 8825.
• Individuals: U.S. Form 1040 (pages 1 and 2), Schedules C,
C-EZ, D, E, and Form 4797.
• Fiduciaries: U.S. Form 1041 (pages 1 through 4),
Schedule D, and Form 4797.
• Partnerships: U.S. Form 1065 (pages 1 through 5)*,
Schedule D, Form 4797, and Form 8825.
• Limited Liability Companies: Attach appropriate
schedules shown above based on federal return led.
• Federally Exempt Entities: In certain circumstances, a
federally tax exempt entity must le an MBT return. In those
cases, attach U.S. Form 990-T (pages 1 through 4).
NOTE: A federally disregarded entity that is qualied to le
an MBT return as a stand-alone entity or as a member of a
UBG will prepare its MBT return on the basis of a pro forma
federal return or equivalent schedule, using the same federal
return type as its owner. Attach a copy of the applicable pro
forma return and schedules listed above. For additional
information, see “Changes for Disregarded Entities” in the
“Important Information” section of the MBT Forms and
Instructions for Standard Taxpayers (Form 4600).
* Do not send copies of K-1s. Treasury will request them if
necessary.
