Guidebook to Michigan Taxes (2020)

CCH's Guidebook to Michigan Taxes is the perfect resource for practitioners working with state taxation in Michigan. The Guidebook presents a succinct explanation of both state and local taxes, and it is designed as a quick reference work, giving a general picture of the state tax laws and regulations and highlighting the significant cases and administrative rulings. This annual publication is useful to tax practitioners, in-state and multistate businesspersons, and those who are obligated to file Michigan returns or who are required to deal with Michigan taxes.

This popular Guidebook is now in its 51st year of providing practitioners with concise and authoritative information on Michigan taxes. It provides timely and accurate answers in a convenient and accessible deskbook format, presenting coverage of the taxes of major interest, including:

• Michigan business tax
• corporate income tax
• sales and use taxes
• inheritance, estate and generation-skipping transfer taxes

  Other Michigan taxes are summarized, as well, with particular emphasis placed on persons or transactions subject to tax, exemptions, basis and rate of tax, and returns and payment.

  For the user's convenience in determining what is new in the Michigan tax law, a special Highlights of Tax Changes section is included to provide at-a-glance awareness of key recent developments in the law. While this handbook focuses on the law applicable to the filing of income tax returns in 2020 for the 2019 tax year, legislative changes effective after 2019 are also noted with an indication of the effective date to avoid confusion and to assist in future tax planning. Helpful references to both the Michigan and related federal provisions are provided throughout for those who wish to more fully examine explanations and text of the applicable law. Also, detailed Tables of Contents, Law and Regulations Finding Lists, a Topical Index, and an organized presentation of the content combine to make pinpointing critical information quick and easy. Detailed references to specific paragraphs in the comprehensive CCH Michigan Tax Reports service are also provided throughout the Guidebook to assist users in further, more comprehensive tax research and tax planning.

  Highlights of 2019 Michigan Tax Changes

• Tax Calendar
• Part I - Tax Tables
• Part II - Income Tax
• Part II.5 - Pass-Through Entities
• Part III - Single Business Tax
• Part III.5 - Michigan Business Tax
• Part III.75 - Corporate Income Tax
• Part IV - Sales and Use Taxes
• Part V - Inheritance, Estate, and Generation-Skipping Transfer Taxes
• Part VI - Property Taxes
• Part VII - Miscellaneous Taxes
• Part VIII - Local Taxes
• Part IX - Administration and Procedure
• Part X - Doing Business in Michigan
• Part XI - Unclaimed Property