Screen MLRet-3 - Michigan PPT - Business (Continued)

Overview

Use this screen to complete additional information on Form 632 and Form 5278. UltraTax CS automatically transfers information from the
Unit
and
Parcel number
fields in the MLReturn screen to this screen.

Special Tools and Pollution Control Facilities

Use this section to enter assets not included in the federal Asset tab.
UltraTax CS automatically enters the next available number. If desired, you can overwrite this number, but you cannot leave the field blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Use this statement dialog to enter the asset detail information. If you enter data in the statement dialog, UltraTax/Michigan PPT adds this information to assets entered on the federal asset tab coded with a PPT Type - X - Exempt - certificate.

Summary and Certification

Use this section to complete the summary and certification questions on Form 632, Page 1 or Form 5278, Page 2.
If all assessable, tangible personal property located in Michigan has
not
been reported, use this statement dialog to enter an explanation.
If there is legal or equitable interest in personal property that has
not
been reported on this statement, access this statement dialog to enter the information requested.
If assets have been subjected to rebooking of costs for accounting purposes, access this statement dialog to enter the information requested.
Enter
1
for Yes,
2
for No, or select a response from the fieldview. If you leave this field blank, UltraTax/Michigan PPT defaults to No.
If other businesses are operating at this location, use this statement dialog to enter the information requested.

Summary and Certification - Form 5278

Use this section to complete Form 5278, Part 2.
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