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Michigan Free Printable 4575, Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit for 2022 Michigan Loss Adjustment Worksheet for the Small Business Alternative Credit

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Loss Adjustment Worksheet for the Small Business Alternative Credit
4575, Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit

Attachment 09 Michigan Department of Treasury 4575 (Rev. 04-21) 2021 MICHIGAN Business Tax Loss Adjustment for the Small Business Alternative Credit Issued under authority of Public Act 36 of 2007. Taxpayer Name (If Unitary Business Group, Name of Designated Member) )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU Unitary Business Groups Only: Name of Unitary Business Group Member Reporting on This Form )HGHUDO(PSOR\HU,GHQWL¿FDWLRQ1XPEHU )(,1 RU751XPEHU INSTRUCTIONS:8VHWKLVZRUNVKHHWWRTXDOLI\IRUDQRWKHUZLVHGLVDOORZHG6PDOO%XVLQHVV$OWHUQDWLYH&UHGLWE\DGMXVWLQJFXUUHQW\HDU DGMXVWHG EXVLQHVV LQFRPH 7KLV LV DYDLODEOH RQO\ LI D WD[SD\HU KDG D QHJDWLYH DGMXVWHG EXVLQHVV LQFRPH LQ DQ\ RI WKH ¿YH WD[ \HDUV immediately preceding this tax year and received an MBT Small Business Alternative Credit in the loss year. Partnerships and members of Unitary Business Groups, see instructions before completing. PART 1: CURRENT YEAR AMOUNTS 8VHWKLVVHFWLRQWRGHWHUPLQHDPRXQWRIORVVDGMXVWPHQWWREXVLQHVVLQFRPHQHHGHGWRTXDOLI\IRUWKH6PDOO%XVLQHVV$OWHUQDWLYH&UHGLW $GMXVWHG%XVLQHVV,QFRPH'LVTXDOL¿HU 1. $GMXVWHG%XVLQHVV,QFRPHIURP)RUPOLQH ................................................................................... 1. 00 2. %XVLQHVV,QFRPH'LVTXDOL¿HU Enter $180,000 for individuals, or $1,544,400 for all other organization types ......................................... 2. 00 3. /RVVDGMXVWPHQWUHTXLUHG6XEWUDFWOLQHIURPOLQH,IOHVVWKDQ]HURHQWHU]HUR .................................. 3. 00 4. Enter the amount from Form 4571, line 5 .................................................................................................. 4. 00 5. 6KDUHKROGHU,QFRPH'LVTXDOL¿HU 6HHFKDUWLQLQVWUXFWLRQV ...................................................................... 5. 00 6. Enter compensation and director fees from Form 4577, column L, of the shareholder creating the GLVTXDOL¿HURUUHGXFWLRQ ............................................................................................................................ 6. 00 7. Subtract line 6 from line 5. If less than zero, see instructions ................................................................... 7. 00 8. Divide line 7 by the percent of ownership from Form 4577, column G, for the shareholder on line 6 ....... 8. 00 9. /RVVDGMXVWPHQWUHTXLUHG6XEWUDFWOLQHIURPOLQH ............................................................................... 9. 00 6KDUHKROGHU,QFRPH'LVTXDOL¿HU * Note: ,IFRPSHQVDWLRQH[FHHGVIRUDQ\&&RUSRUDWLRQVKDUHKROGHURURႈFHU a Small Business Alternative Credit cannot be claimed nor can a ORVVDGMXVWPHQWEHXVHGWRUHGXFHFRPSHQVDWLRQIURP)RUPFROXPQ/ PART 2: AVAILABLE LOSS Read instructions before completing Part 2.8VH3DUWWRGHWHUPLQHWKHORVVDYDLODEOHIURPWKH¿YHSUHFHGLQJSHULRGV'RQRWHQWHUD negative sign in front of the loss amounts in lines 11 through 16. &RPSOHWHOLQHIRUWKH¿YHLPPHGLDWHO\SUHFHGLQJWD[\HDUV ROGHVWWRWKHOHIW 7KHQFRPSOHWHOLQHVWKURXJKRQHFROXPQDWDWLPH beginning with the oldest, but completing only those columns representing periods that reported a loss (either generated or used) AND received a Small Business Alternative Credit. 10. 11. 12. 13. 14. 15. 16. + Tax year end date (MM-DD-YYYY) .......... $GMXVWHGEXVLQHVVLQFRPH ....................... Loss used on prior returns ....................... 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Extracted from PDF file 2021-michigan-form-4575.pdf, last modified January 2022

More about the Michigan Form 4575 Corporate Income Tax Tax Credit TY 2021

We last updated the Loss Adjustment Worksheet for the Small Business Alternative Credit in March 2022, so this is the latest version of Form 4575, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 4575 directly from TaxFormFinder. You can print other Michigan tax forms here.


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Other Michigan Corporate Income Tax Forms:

TaxFormFinder has an additional 97 Michigan income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form MI W-4P Withholding Certificate for Michigan Pension or Annuity Payments
Form 4891 CIT Annual Return
Form 4884 Worksheet Form 4884 Section D Worksheet
Form 4763 E-file Authorization for Business Taxes MI-8879 (OBSOLETE)
Form 4567 Business Tax Annual Return

Download all MI tax forms View all 98 Michigan Income Tax Forms


Form Sources:

Michigan usually releases forms for the current tax year between January and April. We last updated Michigan Form 4575 from the Department of Treasury in March 2022.

Show Sources >

Form 4575 is a Michigan Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Michigan Form 4575

We have a total of eleven past-year versions of Form 4575 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form 4575

4575, Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit

2020 Form 4575

4895, 2020 Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit

2019 Form 4575

4575, 2019 Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit

2018 Form 4575

4575, 2018 MICHIGAN Business Tax Loss Adjustment for the Small Business Alternative Credit

2017 Form 4575

4575, 2017 Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit

2016 Form 4575

4575, 2016 Michigan Business Tax Loss Adjustment for the Small Business Alternative Credit

Michigan Business Tax 2011 Form 4575

Form 4575, 2011 Michigan Business Tax Loss adjustment for the Small Business Alternative Credit


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While we do our best to keep our list of Michigan Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

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Source: http://www.taxformfinder.org/michigan/form-4575