Michigan Single Business Tax Corporate Officer Liability

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Corporate Officer Liability Frequently Asked ... - Michigan

https://www.michigan.gov/taxes/0,4676,7-238-74531_43515-195110--,00.html

Corporate Officer Liability (COL) refers to holding an individual (an officer, member, partner etc.,) of a corporation personally liable for unpaid tax debts accrued by a corporation. When a corporation fails to file returns or pay taxes due, the Michigan Department of Treasury, Office of Collections, will attempt to collect the debt from any individual who the Department has identified as being an officer with …

General Overview of the Corporate Officer Liability Process

https://www.michigan.gov/taxes/0,4676,7-238-74531_43515-195111--,00.html

The Corporate Officer Liability process begins when a corporation fails to file returns and/or pay taxes due to the State of Michigan. Department staff will perform an investigation in order to identify all individuals who may be held personally liable for the corporation's failure to file returns and/or submit payment under MCL 205.27a Subsection (5).

TREASURY - LR 2002-04 Single Business Tax; Officer ...

https://www.michigan.gov/treasury/0,4679,7-121-44402_44422_44423-18167--,00.html

Mar 05, 2002 · This Letter Ruling explains the Single Business Tax treatment of officer compensation in the context of leased employees serving as managers of a limited liability company (LLC) or officers of a corporation. The Single Business Tax Act requires that compensation be included in the taxpayer's Single Business Tax base. MCL 208.9 (5). The Act defines "compensation" to include "all wages, …

Michigan Corporate Officer Liability for Business Taxes

https://www.algtaxsolutions.com/services/tax-resolution-services/mi-corporate-officer-liability

Michigan Corporate Officer Liability means you personally owe unpaid Michigan business taxes. This occurs when your business fails to either file business tax returns or pay business taxes. Corporate officer liability applies to trust taxes only: payroll, use, sales, and tobacco taxes. Michigan Corporation Officer Liability Investigation. The State of Michigan may assess Corporation Officer Liability to:

Michigan Corporate Officer Liability Rules

https://ayarlaw.com/michigan-corporate-officer-liability/

Nov 18, 2013 · The Corporate Officer Liability in the State of Michigan begins when a corporation fails to file returns and/or pay taxes due to the State of Michigan. Department of Treasury staff will perform an investigation so they can identify who may be held personally liable for the corporation’s failure to file returns and/or pay off their debts.

STATE OF MICHIGAN

https://www.michigan.gov/documents/taxtrib/320519_619637_7.pdf

presumption that he was personally liable as a corporate officer for the Michigan Single Business Tax assessed to EFX Systems, Inc. . . . Respondent contends that Mr. Hickey failed to overcome this presumption and should be held liable for the tax in question.” b. “In . Christel v Department of Treasury. the Tribunal listed several factors that the

Taxes - B55. Limited liability companies are ... - Michigan

https://www.michigan.gov/taxes/0,4676,7-238-43519_46621_47458-275580--,00.html

Although a limited liability company (LLC) is defined as a "person" under the MBTA, MCL 208.1113(3), if it is a single member LLC disregarded for federal tax purposes, it is similarly classified as a disregarded entity under the MBTA.

Taxes - Michigan Business Tax

https://www.michigan.gov/taxes/0,4676,7-238-43519_46621---,00.html

Apr 30, 2020 · The Michigan Business Tax (MBT), which was signed into law by Governor Jennifer M. Granholm July 12, 2007, imposes a 4.95% business income tax and a modified gross receipts tax at the rate of 0.8%. Insurance companies and financial institutions pay alternate taxes (see below). The MBT replaces the Single Business Tax, effective January 1, 2008.

Officers' Personal Liability for Their Company's Unpaid Taxes

https://www.forbes.com/sites/stephendunn/2011/11/13/officers-personal-liability-for-their-companys-unpaid-taxes/

Nov 14, 2011 · States have parallel schemes for holding officers personally liable for their business’ undeposited taxes. Michigan law, for example, provides that any Michigan tax which a business …

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