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Michigan Amended CIT Annual Return for Financial Institutions
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, or request a six-month extension here .Extracted from PDF file 2024-michigan-form-4909.pdf, last modified January 2025Amended CIT Annual Return for Financial Institutions
Michigan Department of Treasury 4909 (Rev. 02-24), Page 1 of 2 2024 MICHIGAN Corporate Income Tax Amended Return for Financial Institutions (MM-DD-YYYY) Issued under authority of Public Act 36 of 2007. (MM-DD-YYYY) 1. Return is for calendar year 2024 or for tax year beginning: and ending: 2a. Taxpayer Name or Designated Member (DM) if a UBG (print or type) Federal Employer Identification Number (FEIN) 2b. Top-tiered parent entity filing the Federal Financial Institutions Examination Council (FFIEC) report Top-tiered parent entity FEIN 2c. Street Address of Taxpayer or DM 7. Organization Type City State 3. Principal Business Activity ZIP/Postal Code Country Code 4. NAICS Code 5. Business Start Date in MI 6. If Final Return, Effective End Date Apportionment Calculation: S Corp/ LLC S Corp 8a. Affiliated Group Election year (MM-DD-YYYY) (see instructions) Reason code for amending 8b. 9. C Corp/ LLC C Corp Fiduciary Check if filing Michigan Unitary Business Group (UBG) return. (Include Form 4910.) a. Michigan Gross Business (if no Michigan Gross Business, enter zero) . b. Total Gross Business................................................................... c. Apportionment Percentage. Divide line 9a by line 9b................. 00 00 % 9a. 9b. 9c. PART 1: FRANCHISE TAX A. As Originally Filed or Most Recently Amended B. Correct Amount 10. Total Equity Capital. If less than zero, enter zero ........................................ 10. 00 00 11. Average daily book value of MI obligations. If less than zero, enter zero.... 11. 00 00 12. Average daily book value of U.S. obligations. If less than zero, enter zero ... 12. 00 00 13. Subtotal. Add lines 11 and 12 ...................................................................... 13. 00 00 14. (Net Capital) Subtract line 13 from line 10................................................... 14. 00 00 15. Authorized insurance company subsidiary: enter actual capital fund amount 15. 00 00 16. Minimum regulatory amount required.......................................................... 16. 00 00 17. Multiply line 16 by 125% (1.25) ........................................................................ 17. 00 00 18. Enter the lesser of line 15 or line 17 ............................................................ 18. 00 00 19. Tax Base (Net Capital for Current Taxable Year). Subtract line 18 from line 14 .......................................................................................................... 19. 00 00 20. Apportioned Tax Base. Multiply line 19 by percentage on line 9c ............... 20. 00 00 21. Multiply line 20 by 0.29% (0.0029) .............................................................. 21. 00 00 22. Tax Liability after CIT Historic Preservation Credit from Form 5793, line 11. If less than or equal to $100, enter zero.......................................... 22. 00 00 23. Total Recapture of Certain Business Tax Credits from Form 4902 ................ 23. 00 00 24. Total Tax Liability. Add lines 22 and 23 ..................................................... 24. 00 00 + 0000 2024 44 01 27 8 Continue and sign on Page 2. 2024 Form 4909, Page 2 of 2 Taxpayer FEIN A. As Originally Filed or Most Recently Amended PART 2: PAYMENTS AND TAX DUE B. Correct Amount 25. Overpayment credited from prior period return (MBT or CIT) ...................... 25. 00 00 26. Estimated tax payments ............................................................................... 26. 00 00 27. Tax paid with request for extension .............................................................. 27. 00 00 28. Michigan tax withheld or Flow-Through Entity credit .................................... 28. 00 00 29. Amount paid with original return plus additional tax paid after original return was filed .................................. 29. 00 30. Total Payments. Add line 25, column B, through line 28, column B, and line 29............................................. 30. 00 31. Overpayment, if any, received on the original return and/or amended return(s) ............................................. 31. 00 32. Total payments available. Subtract line 31 from line 30 .................................................................................. 32. 00 33. TAX DUE. Subtract line 32 from line 24, column B. If less than zero, leave blank.......................................... 33. 00 34. Underpaid estimate penalty and interest from Form 4899, line 38.................................................................. 34. 00 35. Annual Return Penalty (see instructions) ........................................................................................................ 35. 00 36. Annual Return Interest (see instructions) ........................................................................................................ 36. 00 37. PAYMENT DUE. If line 33 is blank, go to line 38. Otherwise, add lines 33 through 36.................................. 37. 00 38. Overpayment. Subtract line 24, column B, and lines 34, 35 and 36 from line 32. If less than zero, leave blank (see instructions).................................................................................................................................... 38. 00 39. CREDIT FORWARD. Amount on line 38 to be credited forward and used as an estimate for next tax year ..... 39. 00 40. REFUND. Subtract line 39 from line 38........................................................................................................... 40. 00 PART 3: REFUND OR CREDIT FORWARD Taxpayer Certification. I declare under penalty of perjury that the information in this return and attachments is true and complete to the best of my knowledge. Preparer Certification. I declare under penalty of perjury that this return is based on all information of which I have any knowledge. Preparer’s PTIN, FEIN or SSN By checking this box, I authorize Treasury to discuss my return with my preparer. Authorized Signature for Tax Matters Authorized Signer’s Name (print or type) Title Date Preparer’s Business Address and Telephone Number (print or type) Telephone Number WITHOUT PAYMENT - Mail return to: Michigan Department of Treasury PO Box 30803 Lansing MI 48909 + Preparer’s Business Name (print or type) 0000 2024 44 02 27 6 WITH PAYMENT - Pay amount on line 37 and mail check and return to: Michigan Department of Treasury PO Box 30804 Lansing MI 48909 Make check payable to “State of Michigan.” Print taxpayer’s FEIN, the tax year, and “CIT” on the front of the check. Do not staple the check to the return. Instructions for an amended Corporate Income Tax return Forms 4892, 4906 and 4909 Purpose To calculate and file an amended Corporate Income Tax (CIT) return. Standard taxpayers will file the CIT Amended Return (Form 4892); insurance companies will file the Insurance Company Amended Return for Corporate Income and Retaliatory Taxes (Form 4906); and financial institutions will file CIT Amended Return for Financial Institutions (Form 4909). REASON CODE FOR AMENDING RETURN Include additional information on a separate sheet explaining the reason for amending the return. 01 Amended a federal return. 02 Federal audit. 03 Response to a Michigan Notice of Adjustment. 04 Claiming a previously unclaimed credit or payment. 05 Original return missing information/incomplete form. 06 Correcting information/figures originally reported. 07 Unitary Business Groups: Adding or deleting member(s). 08 Due to litigation. 09 Partnership Audit Adjustment (PAA) 20 Other. Amending a Return To amend a current or prior year annual return, use the amended return that is applicable for that tax year and taxpayer type. Include all schedules and attachments filed with the original return, even if not amending them. Do not include a copy of the original return with the amended return. Current and previous tax year forms are available at www. michigan.gov/treasuryforms. To amend a return to claim a refund, file within four years of the due date of the original return (including valid extensions). Interest will be paid beginning 45 days after the claim is filed or the due date, whichever is later. If amending a return to report a deficiency, penalty and interest may apply from the due date of the original return. If any changes are made to a federal income tax return that affect CIT tax base, filing an amended return is required in accordance with MCL 206.687(2). Line-by-Line Instructions In most cases, the lines on the amended return match the lines on the originally filed return. Unless otherwise noted, use the instructions for the original return to complete the amended return. Follow the instructions for the CIT Annual Return (Form 4891) to complete Form 4892; follow the instructions for the Insurance Company Annual Return for Corporate Income and Retaliatory Taxes (Form 4905) to complete Form 4906; and follow the instructions for the CIT Annual Return for Financial Institutions (Form 4908) to complete Form 4909. Federal Employer Identification Number (FEIN): The taxpayer FEIN entered on line 3 must be entered in the Taxpayer FEIN field at the top of each succeeding page of the amended form. Reason code for amending return: Using the following table, select the two-digit code that best represents the reason for amending the return. Enter the code in the “Reason code for amending field” at the top of page 1. Include additional explanation on a separate sheet of paper and attach it to the amended return. Amount paid with original return plus additional tax paid after original return was filed: Enter all payments made with the original return and all previous returns for this tax year, as well as additional payments made after those returns were filed. Overpayment, if any, received on the original return and/ or amended return(s): Enter the overpayment received (refund received plus credit forward created) on the original return and all previous returns. Standard Taxpayers Only “As Originally Filed or Most Recently Amended” and “Correct Amount”: Where the amended return provides a Column A titled “As Originally Filed or Most Recently Amended,” provide the amount that was used on the taxpayer’s most recent return that the new return will amend. Put the amended amounts in Column B, “Correct Amount.” NOTE: On lines 9 through 11, complete only with amended numbers. Insurance Companies and Financial Instituions Insurance Companies will complete all lines of an amended return using only amended numbers. Financial filers will complete an amended return with entries for both the original and amended figures as directed. Taxpayers must file using the appropriate amended return. 5
4909, 2024 Corporate Income Tax Amended Return for Financial Institutions
More about the Michigan Form 4909 Corporate Income Tax TY 2024
We last updated the Amended CIT Annual Return for Financial Institutions in March 2025, so this is the latest version of Form 4909, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 4909 directly from TaxFormFinder. You can print other Michigan tax forms here.
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TaxFormFinder has an additional 97 Michigan income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 4763 | E-file Authorization for Business Taxes MI-8879 (OBSOLETE) |
| Form 4918 | Annual Flow-Through Withholding Reconciliation Return (OBSOLETE) |
| Form 4569 | SBT Credit Carryforwards |
| Form 4571 (Obsolete) | Common Credits for Small Businesses |
| Form 4572 (Obsolete) | Charitable Contribution Credits |
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 4909 from the Department of Treasury in March 2025.
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 4909
We have a total of twelve past-year versions of Form 4909 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2024 Form 4909
4909, 2024 Corporate Income Tax Amended Return for Financial Institutions
2022 Form 4909
4909, 2022 Michigan Corporate Income Tax Amended Return for Financial Institutions
2020 Form 4909
4909, 2020 Michigan Corporate Income Tax Amended Return for Financial Institutions
2019 Form 4909
4909, 2019 Michigan Corporate Income Tax Amended Return for Financial Institutions
2017 Form 4909
4909, 2017 Michigan Corporate Income Tax Amedned Return for Financial Institutions
2015 Form 4909
4909
2014 Form 4909
4909
2012 Form 4909
4909, Corporate Income Tax Amended Return for Financial Institutions
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