An extension of time to file is not an extension of time to pay.
Taxpayers (other than Insurance Companies or Financial Institutions) are not required to file or pay if apportioned gross receipts are less than $350,000. Annual Returns are due the last day of the 4th month after tax year end with payment of final liability.Taxpayer must meet the 85% of tax liability requirement.Īnnual Returns/Final Return, Extension of Time to File, Filing Threshold There is no prior year safe harbor exception for 2008 MBT or 2012 CIT.If prior year's tax is $20,000 or less, the taxpayer can make 4 equal quarterly estimated tax payments that total at least 100% of prior year tax liability. CIT tax years 2013 through current year, taxpayer can meet a prior year safe harbor exception.MBT tax years 2009 through 2011, taxpayer can meet a prior year safe harbor exception.
Sum of estimated payments must equal at least 85% of tax liability and the amount paid approximate the quarter's liability.Fiscal Year Filers: Return and payment due the 15th day of the first month after each quarter.Calendar Year Filers: Return and payment due April 15 July 15 October 15 and January 15.Taxpayers expecting a tax liability to exceed $800 must file quarterly estimates as follows: Michigan Business Tax (MBT) and Corporate Income Tax (CIT) Quarterly Estimated Return due dates are provided below: Filing/Payment Due Dates
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