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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