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Michigan Free Printable 4895, 2019 Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit for 2020 Michigan Loss Adjustment for the Small Business Alternative Credit*

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Loss Adjustment for the Small Business Alternative Credit*
4895, 2019 Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit

Attachment 4 Michigan Department of Treasury 4895 (Rev. 05-19), Page 1 of 2 2019 MICHIGAN Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit Issued under authority of Public Act 38 of 2011. Taxpayer Name Federal Employer Identification Number (FEIN) Use this form to qualify for an otherwise disallowed or reduced Small Business Alternative Credit by adjusting current year adjusted business income (ABI) and/or allocated income. This is available only if a taxpayer had a negative adjusted business income in any of the five tax years (“loss year”) immediately preceding this tax year and received a Michigan Business Tax Small Business Alternative Credit or Corporate Income Tax Small Business Alternative Credit in the loss year. Unitary Business Groups (UBGs), see instructions. PART 1: CURRENT YEAR AMOUNTS FOR ABI DISQUALIFIER Use this section to determine amount of loss adjustment to business income needed to qualify for the Small Business Alternative Credit. Adjusted Business Income Disqualifier 1. Adjusted Business Income from Form 4893, line 9 ..................................................................................... 1. 00 2. Business Income Disqualifier ...................................................................................................................... 2. 1,426,100 00 3. Loss adjustment needed. Subtract line 2 from line 1. If less than zero, enter zero ..................................... 3. 00 PART 2: AVAILABLE LOSS FOR ABI DISQUALIFIER Read instructions before completing Part 2. Use Part 2 to determine the loss available from the five preceding periods. Do not enter a negative sign in front of the loss amounts in lines 5 through 10. Complete line 4 with the end dates of the five preceding tax periods (oldest to the left). Then complete lines 5 through 10, one column at a time 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. UBGs, see instructions. 4. Tax year end date (MM-DD-YYYY) ........................... 5. Adjusted business income........... 6. Loss used on prior returns........... 7. Loss available for current return.......................... 8. Loss adjustment needed for current return.......................... 9. Additional loss adjustment needed......................................... 10. Loss adjustment carryforward ..... + 0000 2019 20 01 27 9 Continue on Page 2 2019 Form 4895, Page 2 of 2 Taxpayer FEIN PART 3: CURRENT YEAR AMOUNTS FOR SHAREHOLDER ALLOCATED INCOME DISQUALIFIER UBGs, see special instructions on using member data to complete Part 3 and the “Loss Adjustment for a Shareholder with Multiple Allocations” worksheet. Shareholder Allocated Income Disqualifier: $180,000 11. Enter the amount from Form 4893, line 6 (see instructions) ....................................................................... 11. 00 12. Shareholder Allocated Income Disqualifier (See chart in instructions) ........................................................ 12. 00 13. Enter compensation and director fees from Form 4894, line 3, column L, of the shareholder creating the disqualifier or reduction* .............................................................................................................................. 13. 00 14. Subtract line 13 from line 12. If less than zero, see instructions ................................................................. 14. 00 15. Divide line 14 by the percent of ownership from Form 4894, line 3, column G, for the shareholder on line 13 ..................................................................................................................................................... 15. 00 16. Loss adjustment needed. Subtract line 15 from line 11............................................................................... 16. 00 * Note: If compensation exceeds $180,000 for any shareholder or officer, a Small Business Alternative Credit cannot be claimed nor can a loss adjustment be used to reduce compensation from Form 4894, line 3, column L. A shareholder of a UBG member must combine all items paid or allocable by all members of the UBG. PART 4: AVAILABLE LOSS FOR SHAREHOLDER ALLOCATED INCOME DISQUALIFIER Read instructions before completing Part 4. Use Part 4 to determine the loss available from the five preceding periods. Do not enter a negative sign in front of the loss amounts in lines 18 through 23. UBGs, see special instructions on using member data to complete Part 4 and the “Loss Adjustment for a Shareholder with Multiple Allocations” worksheet. Complete line 17 with the end dates of the five preceding tax periods (oldest to the left). Then complete lines 18 through 23, one column at a time 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. 17. Tax year end date (MM-DD-YYYY) ........................... 18. Adjusted business income........... 19. Loss used on prior returns........... 20. Loss available for current return.......................... 21. Loss adjustment needed for current return.......................... 22. Additional loss adjustment needed......................................... 23. Loss adjustment carryforward ..... + 0000 2019 20 02 27 7 Instructions for Form 4895, Corporate Income Tax (CIT) Loss Adjustment for the Small Business Alternative Credit Purpose To reduce the adjusted business income (ABI) or shareholder allocated income to qualify for the Small Business Alternative Credit (SBAC) or minimize the reduction percentage required. If the ABI was less than zero in any of the five years immediately preceding the tax year for which the credit is being claimed, and the taxpayer received an SBAC under the Michigan Business Tax (MBT), or an SBAC under the Corporate Income Tax (CIT) for that same year, the taxpayer may adjust for the loss before figuring eligibility for the current year SBAC. Business income for credit purposes is adjusted by using available loss from prior years on a firstin, first-out basis until those losses are consumed (by use) or extinguished (by age). A loss adjustment will not affect a reduction to or elimination of the SBAC based on gross receipts that exceed $19,000,000. Also, it will not change the amount of compensation in column L on the CIT Schedule of Shareholders and Officers (Form 4894). Instructions for Unitary Business Groups (UBGs) The ABI threshold must be calculated by the UBG by combining the ABIs of its members. Likewise, to reduce an ABI disqualifier of the UBG, loss adjustment must be calculated on a group level and used against the group’s ABI. Loss used at the group level is independent of the loss available at the member level. NOTE: The usage of loss adjustment for one disqualifier does not affect the available loss adjustment for the other disqualifier. This form will accommodate the separate maintenance of loss adjustment available for the UBG for both the ABI and allocated income disqualifiers. For years in which a member was not part of the UBG, the UBG will use that member’s available loss from those separate years on a first-in, first-out basis until those losses are consumed or extinguished. Adjusted Business Income Disqualifier This disqualifier is calculated at the group level. If the UBG has a group wide ABI that exceeds $1,426,100 then the entire UBG is disqualified. In the Taxpayer Name field at the top of the page, enter the Designated Member’s (DM’s) name followed by the DM’s Federal Employer Identification Number (FEIN). To reduce the UBG’s ABI disqualifier, the group will use its available loss from a prior tax year when the UBG received the SBAC, as well as a member’s available loss from a tax year when it received the SBAC and was not part of the UBG (member’s separate year). However, the group may not use a member’s separately calculated available loss for a tax year when the member was part of the UBG under MBT to reduce the group’s ABI disqualifier. To reduce the UBG’s ABI disqualifier, available loss is used on a first-in, first-out basis until those losses are consumed or extinguished. For the purposes of completing Part 2, if a member’s separate year does not share a common year end with the UBG, use a separate column for that member. If some members’ separate years share a common year end, total the amount of those members’ available loss in a single column. Arrange all of the columns in chronological order. If additional columns are needed to accommodate the five preceding years, create and attach a table comparable to that found in lines 4 through 10. Apply to that custom table the calculations described in the form text and instructions for lines 4 through 10. Loss adjustment used for the ABI disqualifier from a member’s separately filed years should be tracked in the taxpayer’s records. Any ABI loss adjustment remaining from a member’s separately filed years will be available to that member in the event the member leaves the UBG prior to complete usage of the available loss adjustment by the UBG, or expiration due to age. See the “Supplemental Instructions for Standard Members in UBGs” section in Form 4890 for details. Line-by-Line Instructions Lines not listed are explained on the form. Dates must be entered in MM-DD-YYYY format. Taxpayer Name and Account Number: Enter name and account number as reported on page 1 of the CIT Annual Return (Form 4891). Also, the taxpayer FEIN from the top of page 1 must be repeated in the proper location on page 2. UBGs: Enter the DM’s name in the Taxpayer Name field and FEIN in the FEIN field. Part 1: Current Year Amounts for ABI Disqualifier Use Part 1 and Part 3 to determine the amount of loss adjustment necessary to qualify for the SBAC. If the taxpayer is not eligible for the credit because its ABI exceeds $1,426,100, complete lines 1 through 10. Tax Year Less Than 12 Months: Business income and shareholder disqualifiers must be calculated on an annualized basis. Enter annualized numbers on lines 1, 11, and 13. Annualizing To annualize, multiply each applicable amount, ABI, or shareholder compensation, by 12 and divide the result by the number of months in the tax year. UBGs: For UBG members reporting a period of less than 12 months with the group return, annualization is done using the member’s number of months in the group’s tax year. Sum the annualized member amounts (when applicable) to get the group’s total annualized amount. Part 2: Available Loss for ABI Disqualifier Use Part 2 to determine the loss available from the five preceding years. Report the loss amount as a positive number. Line 4: Enter each tax year end date for the five preceding tax years. Begin with the earliest year in the left column. Each short period return is treated as a separate year when determining the available loss. 39 Complete lines 5 through 10, one column at a time. Complete only columns for years that reported a loss (either generated or used) and received an SBAC. If the taxpayer did not report a loss or did not receive an SBAC for a tax year, leave that column, lines 5 through 10, blank. Line 5: Enter (as a positive number) the negative ABI from the CIT Small Business Alternative Credit (Form 4893), line 9, for tax years where an SBAC was received. For MBT years, enter the ABI from the Michigan Business Tax Common Credits for Small Businesses (Form 4571), line 8. UBGs: When completing this line for a UBG, enter the sum of the following: 1) UBG’s negative ABI for tax years it received the SBAC, plus, 2) a member’s negative ABI for a tax year when it received the SBAC and was not part of the UBG. These member amounts are calculated initially at the member level but used and maintained for use in future years on the Group Copy for ABI. Line 6: Enter the amount of loss entered on line 5 that was used as an adjustment in a prior year (including loss adjustment used in SBT years and MBT years). UBGs: If a member’s negative ABI was included on Line 5 (the member received an SBAC and was not part of the UBG in the tax year the credit was received), include any loss adjustment used by that member in a prior year to offset an ABI disqualifier (including loss adjustment used in MBT and CIT years). Also enter any groupwide loss used against the UBG’s ABI disqualifier in a prior year. Line 7: Subtract line 6 from line 5 to arrive at loss available on the current return. If less than zero, enter zero; no loss is available. UBGs: If the group’s membership has not changed, that is, no member has joined or left the group since the filing of the prior year’s return, the amounts calculated on line 7 should equal the amounts on line 10 of the prior year’s corresponding columns. If membership for this year is different, these amounts may not be the same. See the “Supplemental Instructions for Standard Members in UBGs” section in Form 4890 for details. Line 8: Enter the amount from line 3, in the first column where a loss is available on line 7. In subsequent columns, enter amount from line 9 of the previous applicable column. Line 9: If line 8 is larger than line 7, subtract line 7 from line 8. Enter here and on line 8 of the next column where a loss is available on line 7. Line 10: If line 7 is larger than line 8, subtract line 8 from line 7. This amount is available to use in subsequent years. NOTE: To benefit from a loss adjustment, the total loss available for the current year, line 7, must equal or exceed the loss adjustment required on line 8. The function of this form is to demonstrate that a taxpayer that otherwise would have been disqualified from the SBAC due to ABI, or fully or partially disqualified due to owner’s allocated income, after application of loss adjustment, is allowed to claim a full or partial SBAC. If loss adjustment is successfully applied to cure an ABI 40 disqualifier, there is no calculated figure from this form that feeds to another form. Simply ignore the apparent disqualification on Form 4893, line 9 and proceed with calculating the SBAC on the remainder of Form 4893. If loss adjustment is successfully applied to fully or partially cure an owner’s allocated income disqualifier, this will be demonstrated by the final column of line 9 being zero. In that event, carry the number from line 12 of this form to Form 4893, line 9, and proceed with the calculation there. Part 3: Current Year Amounts for Shareholder Allocated Income Disqualifier UBGs, see “Special Instructions for UBGs” on the following page for guidance on completing Part 3. If the taxpayer is not eligible because a shareholder’s allocated income exceeds $180,000, complete lines 11 through 23 for the shareholder(s) creating the disqualifier. The loss adjustment required is the largest amount needed to eliminate all allocated income disqualifiers. Reduced SBAC: A reduction of the SBAC is required if a shareholder or an officer has allocated income after loss adjustment of more than $160,000. This reduction is based on the officer or shareholder with the largest allocated income. This is determined at a group level. Any UBG that has a shareholder whose income creates a partial or complete disqualification, and that has loss available to resolve that disqualification in whole or in part, must file Form 4895. A shareholder or officer must combine all items paid or allocable to the shareholder or officer by all members of the group when calculating the allocated income disqualifier. Complete lines 11 through 16 for the shareholder whose allocated income needs to be reduced. NOTE: A shareholder that is paid or allocated items of income from more than one member of the UBG must calculate Part 3 using amounts from the “Loss Adjustment for a Shareholder with Multiple Allocations” worksheet later in these instructions. Line 11: When calculating this line, the shareholder must calculate a pro forma CIT Small Business Alternative Credit (Form 4893), lines 3 through 9, using only the information from the member creating the disqualifier. Enter the calculated pro-forma amounts from the 4893 line 6 here on line 11. Line 12: Form 4895 should be calculated initially using $160,000 as the disqualifier. This calculation will establish taxpayer eligibility without the need to reduce the SBAC. However, if the total loss available for the current year on line 20 does not equal or exceed the loss adjustment required on line 16, the taxpayer may still calculate a lesser loss adjustment to claim a reduced credit. Try the calculation more than once. Substitute the numbers shown on the chart below on line 12 to maximize the claimed SBAC within the limits of available loss adjustment. If a negative number is reached on line 14, a greater disqualifier amount is needed from the disqualifier chart here on line 12. Begin this calculation with the shareholder with the highest disqualifier. DISQUALIFIER CHART Line 12 Eligible % of Credit $ 160,000 100% - no reduction $164,999 80% $169,999 60% $174,999 40% $180,000 20% Line 14: If the result is a negative number, some reduction of credit is necessary. Return to line 12 and enter the higher disqualifier amount from the chart. Continue this process until line 14 is greater than or equal to zero. This calculation establishes the maximum allowable SBAC. Part 4: Available Loss for Shareholder Allocated Income Disqualifier UBGs, see “Special Instructions for UBGs” that follow for guidance on completing Part 4. Use Part 4 to determine the loss available from the five preceding years. Line 17: Enter each tax year end date for years where loss occurred. Begin with the earliest year in the left column. Each short period return is treated as a separate year when determining the available loss. Complete lines 18 through 23, one column at a time. Complete only columns for years that reported a loss (either generated or used) and received an SBAC. If the taxpayer did not report a loss or did not receive an SBAC for a tax year, leave that column, lines 5 through 10, blank. Line 18: Enter (as a positive number) the negative ABI from Form 4893, line 9, for tax years where an SBAC was received. For MBT years, enter the ABI from Form 4571, line 8. Line 19: Enter the amount of loss entered on line 18 that was used as an adjustment in a prior year (including loss adjustment used in MBT years). Line 20: Subtract line 19 from line 18 to arrive at loss available on the current return. If less than zero, enter zero; no loss is available. If loss adjustment is successfully applied to fully or partially cure a shareholder’s allocated income disqualifier, enter on Form 4893, line 12, the number from Form 4895, line 12. Line 21: Enter the amount from line 16, in the first column where a loss is available on line 20 of the previous column. Line 22: If line 21 is larger than 20, subtract line 20 from line 21. Enter here and on line 21 of the next column where a loss is available on line 20. Line 23: If line 20 is larger than line 21, subtract line 21 from line 20. This amount is available to use in subsequent years. Special Instructions for UBGs Part 3: Special Instructions for UBGs A shareholder that is paid or allocated items of income from more than one member of the UBG must calculate Part 3 using the Loss Adjustment for UBGs Worksheet and Instructions. If using the worksheet, enter the resulting numbers in Part 3 of Form 4895 only as instructed by these instructions and worksheet. If more than one shareholder of the UBG has an allocated income disqualifier, begin this calculation with the shareholder with the highest disqualifier. The worksheet should always be calculated initially using $160,000 from the disqualifier chart. This calculation will establish taxpayer eligibility without the need to reduce the SBAC. Try the calculation more than once. Substitute the numbers shown on the disqualifier chart when calculating line 8 of this worksheet to maximize the claimed SBAC within the limits of available loss adjustment. Shareholder Loss Adjustment Worksheet for Shareholder with Multiple Allocations, Special Instructions: See the worksheet at the end of these instructions. Part 4: Special Instructions for UBGs This part must be completed on a member by member basis. Each member must determine its own, separately calculated loss adjustment for use against the allocated income disqualifier. This will require each member contributing to the disqualifier to calculate a pro forma Form 4893 for the purpose of completing certain line items, as noted. Line 17: follow general instructions on a member by member basis for each member listed on line 2 of the worksheet used for Part 3. Line 18: On a member by member, pro forma basis: enter (as a positive number) the negative ABI from Form 4893, line 9, for tax years where an SBAC was received by the group or the member. For MBT years, enter the ABI from Form 4571, line 8. Line 19: On a member by member, pro forma basis: enter the amount of loss entered on line 18 that was used as an adjustment in a prior year (including loss adjustment used in MBT years). Line 20: Subtract line 19 from line 18 to arrive at loss available on the current return for this member. If less than zero, enter zero; no loss is available. If loss adjustment is successfully applied to fully or partially cure a shareholder’s allocated income disqualifier, enter on Form 4893, line 12, the number from Form 4895, line 12. Line 21: Enter the amount from line 12 from the worksheet for the member, in the first column where a loss is available on line 20 of the previous column. Line 22: If line 21 is larger than 20, subtract line 20 from line 21. Enter here and on line 21 of the next column where a loss is available on line 20. Losses can only be used on a member by member basis for this disqualifier. Line 23: If line 20 is larger than line 21, subtract line 21 from line 20. This amount is available to use in subsequent years by the member. Complete and file as many Part 4 schedules as required for members listed on line 2 of the worksheet used for Part 3. Include completed Form 4895 as part of the tax return filing. 41 Worksheet — Loss Adjustment for a Shareholder with Multiple Allocations Begin this worksheet with information on the shareholder that has the highest disqualifier. Shareholder Name Shareholder FEIN or Social Security Number “Member 1,” “Member 2,” and “Member 3” will reflect the data of the UBG members allocating items or income to the shareholder listed above. Use additional worksheets if necessary, and combine the member data from all shareholder worksheets to create the shareholder total. Include all members allocating items or income to shareholder. PART A: ALLOCATED BUSINESS INCOME AND COMPENSATION 1. Business Income, from a pro forma Form 4893, line 6, for each member. Combine the amounts for all members for the Shareholder Total Business Income, and carry to Form 4895, line 11................... 1. MEMBER 1 MEMBER 2 MEMBER 3 SHAREHOLDER TOTAL 2. Compensation, from Form 4894, line 3, column L ...................................................... 2. 3. Percentage of Ownership in Entity, from Form 4894 line 3, column G ........................ 3. PART B: CALCULATE SHAREHOLDER DISQUALIFIER 4. Share of Business Income, per member ..... 4. 5. Shareholder disqualifier, line 2 plus line 4 ... 5. 6. Disqualifying amount of business income, all members. Enter the total of line 4 for all members...................................................... 6. 7. Total disqualifier, all members. Enter the total of line 5 for all members ...................... 7. PART C: CALCULATE LOSS ADJUSTMENT NEEDED 8. Amount over disqualifier .............................. 8. 9. Percentage of disqualifier by member ......... 9. 10. Proportionate share of disqualifier by member ....................................................... 10. 11. Amount from Form 4895, Line 15, for each member. Combine the amounts for all members, and carry the Shareholder Total to Form 4895, line 15................................... 11. 12. Loss Adjustment needed by member .......... 12. 13. Total Loss Adjustment needed for Shareholder. This amount should equal Form 4895, line 16 ...................................... 13. See instructions on following page 42 Instructions Worksheet — Loss Adjustment for a Shareholder with Multiple Allocations Line 1: Enter the business income allocated to shareholder by each member listed. Calculate a pro forma CIT Small Business Alternative Credit (Form 4893), lines 3-9, for each member listed. Enter here the pro forma Form 4893, line 6 amount for each member. Enter the total for all members and carry to Form 4895, line 11. Line 2: Enter the compensation allocated to shareholder by each member listed; from Form 4894, line 3, column L. For Tax Years Less Than 12 Months: Business Income and Shareholder compensation must be calculated on an annualized basis. Enter annualized numbers on lines 1 and 2 of the worksheet. To annualize, multiply each applicable amount, ABI, or shareholder compensation, by 12 and divide the result by the number of months in the tax year. If a shareholder owned stock for less than the entire tax year of the corporation, or an officer served as an officer less than the entire tax year, shareholder compensation must be annualized when determining disqualifiers. Line 3: Enter shareholder’s percentage of ownership in each member listed; from Form 4894 line 3, column G. Part B: Calculate Shareholder Disqualifier Line 4: Multiply business income on line 1 for each member listed by shareholder’s percentage of ownership of that member, from line 3. Enter resulting share of business income per UBG member. Line 5: Add shareholder’s compensation from line 2 to share of business income from line 4. Enter resulting disqualifier for shareholder per UBG member. Part C: Calculate Loss Adjustment Needed Line 8: Subtract the disqualifier amount from the disqualifier chart (from earlier in these form instructions) from the total amount on line 7 of the worksheet. This is the amount over disqualifier. Start the calculation with $160,000 from the chart. If the result of this calculation is a negative number, a greater disqualifier amount is needed from the disqualifier chart. This calculation establishes the loss adjustment or SBAC reduction needed when the amount on line 7 minus the disqualifier amount from the chart is equal to or greater than zero. Carry the disqualifer amount from the chart used to calculate this line to Form 4895, line 12. Line 9: Divide line 4 by line 6 “total.” Enter result per UBG member. This is the percentage of the disqualifier amount contributed per UBG member. Line 10: Multiply percentage of disqualifier by member from line 9 by line 8 total, amount over disqualifier. Enter result per UBG member. This is the proportionate share of the disqualifier contributed per UBG member. Line 11: Divide line 10 by line 3, percentage of ownership. Enter result per UBG member. Enter total for all members in the “total” column. Enter this amount on Form 4895, line 15. Line 12: Subtract line 11 from line 1. This is the loss adjustment needed by member. Line 13: Add line 12 for all members. Enter total disqualifier needed for shareholder. This amount should equal Form 4895, line 16. If more than one shareholder of the UBG has a potential allocated income disqualifier, move on to the shareholder with the next highest disqualifier. Begin the worksheet for the next shareholder by reducing line 1 per UBG member on the second worksheet by line 12 per UBG member from the first worksheet. This initial reduction will indicate whether more loss adjustment is needed for the second shareholder with the next highest disqualifier. Complete worksheet for second shareholder. If the worksheet line 12 is negative, no additional loss adjustment is needed. Complete and file as many Form 4895, Part 3, schedules and as many worksheets as necessary to properly calculate the loss adjustment. 43
Extracted from PDF file 2019-michigan-form-4895.pdf, last modified December 2019

More about the Michigan Form 4895 Corporate Income Tax Tax Credit TY 2019

We last updated the Loss Adjustment for the Small Business Alternative Credit* in March 2020, so this is the latest version of Form 4895, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 4895 directly from TaxFormFinder. You can print other Michigan tax forms here.

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 4884 Pension Schedule
Form 4567 Business Tax Annual Return
Form 4884 Worksheet Form 4884 Section D Worksheet
Form 4642 Voluntary Contributions Schedule

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 4895 from the Department of Treasury in March 2020.

Show Sources >

Form 4895 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 4895

We have a total of seven past-year versions of Form 4895 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 4895

4895, 2019 Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit

2018 Form 4895

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

2017 Form 4895

4895, 2017 Michigan Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit

4895, Corporate Income Tax Loss Adjustment for the Small Business Alternative Credit 2012 Form 4895

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


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