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SOM - Treasury: Taxpayers Reminded About Individual Income Tax Deadline Change


SOM
Treasury: Taxpayers Reminded About Individual Income Tax Deadline Change
April 13, 2021
Michigan taxpayers are reminded that they should file their state individual income tax returns before midnight on May 17, according to the Michigan Department of Treasury.
There is still plenty of time to file a return or make a payment, State Treasurer Rachael Eubanks said. I encourage those taxpayers who may be owed a refund to not wait to file their returns. Every dollar helps right now as we navigate these extraordinary times.
Individual taxpayers who need additional time to file beyond the May 17 deadline can request an extension to Oct. 15, 2021. Taxpayers requesting additional time to file should estimate their tax liability and pay any taxes owed by May 17, 2021, to avoid additional interest and penalties. ....

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SOM - Treasury: Individual Income Tax Return Processing Begins Feb. 12


SOM
Treasury: Individual Income Tax Return Processing Begins Feb. 12Contact: See contact information below.
Feb. 3, 2021
The Michigan Department of Treasury today announced that it will begin processing individual income tax returns on Friday, Feb. 12.
The Feb. 12 processing date is the same as the Internal Revenue Service. For the benefit and convenience of taxpayers, both the beginning and end of the individual income tax filing season are the same as the Internal Revenue Service.
“We coordinate with the IRS to process tax returns and issue refunds,” State Treasurer Rachael Eubanks said. “This year, the IRS has pushed back the processing date due to software updating and testing. This means our processing date will also be pushed back. The state of Michigan will be ready to process your returns and issue refunds when the season opens early in the month.”   ....

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Treasury: Many choices for business taxpayers and tax professionals to submit 1099-NECs to State of Michigan | News, Sports, Jobs


Michigan Department of Treasury
LANSING Business taxpayers and tax professionals have many options for submitting their 1099-NEC forms to the state, according to the Michigan Department of Treasury.
For the 2020 tax year, the Internal Revenue Service debuted the 1099-NEC to report nonemployee compensation of $600 or more to a payee, rather than reporting it on the 1099-MISC. With business taxpayers required to submit their 1099-NECs to the state Treasury Department on or before Feb. 1, 2021, they can choose one of the following options:

Michigan Treasury Online (MTO): While open to all taxpayers, businesses issuing 250 or more income statements are required to use MTO to send W-2 and 1099 forms. Taxpayers and tax professionals can create a personal user profile and upload their forms. For guidance, visit the MTO Help Center. ....

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Treasury: Certain businesses affected by COVID-19 epidemic orders provided tax assistance | News, Sports, Jobs


Michigan Executive Office of the Governor
LANSING – Businesses that require social gatherings for customers and have experienced disrupted operations due to COVID-19 epidemic orders now have even more time to make monthly or quarterly sales, use and withholding tax payments, according to the Michigan Department of Treasury.
Restaurants that depend on indoor dining and most entertainment and recreational venues scheduled to make sales, use and withholding tax payments for December 2020 and January 2021 or for the last quarter of 2020 can postpone filing and payment requirements until Feb. 20, 2021. The state Treasury Department will waive all penalties and interest for 33 days.
“Businesses impacted by COVID-19 have made incredible sacrifices to protect their communities, their employees, and their customers,” said Governor Whitmer. “From the beginning, my administration has been working around the clock to provide our businesses with some crucial support as we ....

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