Michigan Department of Revenue, Michigan TaxWe’re Just Not Annoying®
MICHIGAN BUSINESS CORPORATE TAX, MICHIGAN PERSONAL INCOME TAX, MICHIGAN SALES TAX RATE
What is the Michigan corporate net income tax rate?
4.95% plus a modified gross receipts tax of .8% of sales minus purchases from other companies.
What is the Michigan personal net income tax rate?
There are also a lot of local income taxes with an average rate of .44%.
What is the average Michigan sales tax rate?
Are there standard deductions?
Are there personal exemptions?
What forms do you file for your Michigan taxes?
C corporations: Form 4567
S corporations: Form 4567
Partnerships: Form 4567
Individual: Form MI-1040
Estimated tax payments?
Form 4548 if Michigan Business tax (MBT) is expected to be $800 or more. Michigan follows the IRS standards for estimated payments. If you will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year. Individuals file form MI-1040ES.
Michigan Department of Revenue:
Michigan Department of Revenue
If you use Northwest Registered Agent as your Michigan non profits for only $100.