Screen MIUFTE - Michigan Unitary Member Flow-Through Entity (1120)

Overview

Use this screen to complete Form 4898, Michigan Corporate Income Tax: Non-Unitary Relationships with Flow-Through Entities; Form 4900, Michigan Corporate Income Tax: Unitary Relationships with Flow-Through Entities and the Michigan Gross Receipts Worksheet.
The MIUFTE screen is a multiple-unit input screen. Enter a new input screen for each related flow-through entity for the member. When adding screens, new instances are added to the member last selected in the Unitary folder. Don't add units to the designated member, and instead use the MIFTE screen for listing flow-through entities in the Flow-Through Entity folder.

General Information

Enter the tax year end of the flow-through entity. The application uses this information to determine if the flow-through entity’s information should be included on Form 4891 for the current tax period. If this box is left blank, the application assumes the flow-through entity’s tax period is consistent with the member’s tax period.
Enter
1
to force the flow-through entity’s relationship with the member corporation as unitary. Unitary entities appear on Form 4900 and the related sales information is included on Form 4891, Page 1.
Enter
2
to force the flow-through entity’s relationship as non-unitary. Non-unitary entities appear on Form 4898. If this box is left blank, the application treats flow-through entities with greater than 50 percent ownership as unitary, otherwise as non-unitary.
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