Michigan single business tax / Patrick R. Van Tiflin, Esq., Honigman Miller Schwartz and Cohn LLP, Lansing, Michigan.
" ... analyzes the provisions of the Michigan Single Business Tax Act, particularly as they apply to multistate taxpayers. The Michigan Single Business Tax (SBT) was repealed by PA 325, effective Dec. 31, 2007."
| Uniform Title: | Tax management multistate tax portfolios ;
2160-2nd. |
|---|---|
| Main Authors: | |
| Corporate Author: | |
| Language: | English |
| Published: |
Arlington, VA :
Tax Management,
[2002]-
|
| Series: | Tax management multistate tax portfolios ;
2160-2nd. |
| Subjects: | |
| Online Access: | |
| Physical Description: | 1 online resource. |
| Format: | Electronic Website |
Contents:
- Detailed analysis. Introduction
- Overview of the MBT structure and tax base; prior law and the value added tax concept
- Case law discussing the Michigan SBT's value added concept
- Former law: outline of major calculations used to determine SBT base and tax
- Taxable persons--overview and Nexus
- Business activities: a "threshold requirement" for taxability
- "Group or combination acting as a unit" as a taxable person
- Affiliated corporate groups: combined or consolidated returns
- Partnerships and subchapter S corporations
- Estates and trusts
- Entities under common control
- Exemptions under the MBT
- Banks and financial institutions
- Insurance companies
- REITs, REMICs, and RICs
- Non-profit housing cooperative corporations
- Exempt organizations
- DISCs and FSCs
- Capital acquisition deduction
- Exceptions to the use of tax basis as cost
- The importance of timing in the use of the CAD
- Acquisition of property as a result of tax-free events
- Method of accounting
- Allocation and apportionment of CAD
- Sequence of CAD deduction and recapture
- Recapture of the capital acquisition deduction
- Administrative rulings discussing the CAD and CAD recapture
- Business loss
- Tax base: selected topics
- Allocation and apportionment
- Working papers.