Screen MIFTE - Michigan Flow-Through Entity (1120)

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 the percentage of ownership in the flow-through entity by the taxpayer. The application uses this information to complete column E of Form 4900. If the entered percentage is greater than 50 percent, then the flow-through entity is assumed to be unitary with the corporation.
Enter
1
to force the flow-through entity’s relationship with the taxpayer 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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