The Michigan Business Tax: Conquering the Most Complex Challenges

Anticipating and Resolving High-Level MBT Compliance Issues

Advanced level CPE and CLE two-hour seminar

Recording of a 125-minute CPE/CLE webinar with Q&A


Conducted on Tuesday, May 18, 2010

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will prepare corporate tax professionals to anticipate and overcome the most difficult ongoing compliance challenges with the Michigan Business Tax to ensure full compliance.

Description

Corporations continue to wrestle with particularly difficult compliance challenges of the Michigan Business Tax (MBT). Compared with the former single business tax, the MBT casts a wider net by applying to both net income and gross receipts, and has new apportionment and pass-through rules.

With the MBT, the state's tough-minded approach to the definitions of "business group," "materials" and "supplies" causes particular compliance headaches. Taxpayers must also deal with mandatory unitary filing, new guidance on applying the control test, and on two relationship tests.

Our panel will go beyond the basics for corporate tax professionals and counsel who have grasped the MBT's fundamentals but need an advanced briefing on resolving the more complex compliance challenges of the new tax regime.

Listen as our panel of veteran tax advisors, all highly experienced with the Michigan tax system, gives you a high-level review of the most difficult questions and hurdles they're seeing with the MBT.

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Outline

  1. Understanding this year’s Michigan Business Tax forms
    1. Navigating ins and outs of the new forms and instructions
  2. Nexus issues associated with the MBT
    1. Revenue Administrative Bulletin 2008-4
    2. Dual nexus standard
    3. P.L. 86-272 protections
    4. Expansion physical presence standard
  3. Definitional issues
    1. State’s position on definitions of “business group,” “materials,” “supplies” and other terms
    2. Impact on use and timing of exemptions
  4. Unitary group issues
    1. Mandatory unitary filing, and associated guidance
    2. New guidance on application of control test
    3. New bulletins on two relationship tests
    4. 50% ownership interest threshold, “flow of value” concept
  5. Modified gross receipts tax base
    1. Inclusions, exclusions, deductions
    2. Application to company’s gains
    3. What to include in “purchases from other firms” category
  6. Latest in tax credits

Benefits

The panel will give you guidance to deal with these and other critical topics:

  • Hurdles created by the state's interpretation of terms such as "business group," "materials and "supplies": What entities will be in the group, the timing of supplies purchases, and how they are associated with provision of services.
  • Complex unitary group issues, including the state's control and relationship tests.
  • New rules for calculating first-year MBT and issues when the gross receipts aspect creates a higher tax on gains.
  • Various recent developments involving state business tax credits.

Faculty

Sam Hodges
Sam Hodges

Managing Member
Sam Hodges & Associates

He has more than 25 years of experience in public accounting and private industry. He works with business clients often...  |  Read More

Michael Bozimowski
Michael Bozimowski

Principal and Director of State and Local Tax Services
Rehmann Group

He consults with corporate clients in various industries on state and local taxes, M&A, settlement negotiations,...  |  Read More

Lisa Pohl
Lisa Pohl

Senior State and Local Tax Attorney
Miller Canfield

She has more than 12 years of state tax advisory experience and previously was Michigan site leader for Crowe Horwath....  |  Read More

Edward Kisscorni, CPA, MBA
Edward Kisscorni, CPA, MBA

He owns a Web-based state and local tax consulting firm and is a frequent speaker on the MBT and other Michigan tax...  |  Read More

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