Screen MICr - Michigan Small Business Alternative Credit (1120)

Form 4893 - Small Business Alternative Credit

Enter a selection from the dropdown list to force the allowable credit percentage used in calculating the Small Business Alternative Credit. If entered, the application ignores apparent disqualifications or any potential need for a loss adjustment, and instead calculates the allowable credit according to the entry made. This box may also be used on a unitary business group return to limit or disqualify the credit, due to member level disqualifications.

Form 4894 - Ownership Information

Enter requested ownership information in the statement attached to this box. Officer detail transfers from the
Officer’s compensation
statement in the federal Inc screen to the statement.

Form 4895 - Shareholder Income Disqualifier

Enter a selection from the dropdown list to define the shareholder income disqualifier for Form 4895, Page 2. If left blank, the application will default to 100 percent, attempt to let the full credit, and require loss adjustments if necessary. In situations where loss adjustments are needed and insufficient, selecting a lesser disqualifier may yield a reduced but usable credit.
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