Screen MIUCr - Michigan Unitary Small Business Alternative Credit (1120)

Overview

Use this screen to enter information used to complete Form 4893, Michigan Corporate Income Tax Small Business Alternative Credit; Form 4894, Michigan Corporate Income Tax Schedule of Shareholders and Officers; and Form 4895, Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit.
The MIUCr screen is a multiple-unit input screen. The first unit of the input screen is always for the designated member responsible for filing the state return on behalf of the unitary business group. A separate unit of the unitary input screens should be added for each member corporation. For each member, a unique unit number is assigned to the input screens in the Unitary folder.

Form 4894 - Ownership Information

Use the statement to enter officer and shareholder ownership information for a unitary business group member. Designated member ownership information should be entered in the MICr screen in the Credits folder.
Enter the annualization percentage of the unitary business group member based on the member’s CIT tax period. The application uses this information to annualize ownership information in calculations used to complete Form 4894.
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