Form C-8000c - Michigan Sbt Credit For Small Businesses And Contribution Credits - 2007
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Michigan Department of Treasury
2007
(Rev.
10/07)
C-8000C
2007 MICHIGAN
SBT Credit for Small Businesses and Contribution Credits
Issued under authority of P.A. 228 of 1975. See instruction booklet for filing guidelines.
Form Code 2
1. Name
2. Federal Employer Identification Number (FEIN) or TR Number
TAX and CREDIT FOR SMALL BUSINESSES
The standard small business credit and the alternate tax are NOT available if any of the following conditions exist:
Gross receipts exceed $10,000,000; or
Any shareholder or officer has allocated income after loss
Adjusted business income after loss adjustment
adjustment of over $115,000, or any partner has
exceeds:
distributive share of income after loss adjustment of over
a. $475,000 for corporations, partnerships and LLCs
$115,000, as determined on C-8000KC or C-8000KP.
b. $115,000 for an individual or fiduciary; or
Form C-8000KC or C-8000KP must be attached.
The standard small business credit and the alternate credit must be REDUCED if any individual, shareholder or officer has
allocated income after loss adjustment of over $95,000 but not over $115,000, or any partner has distributive share of
income after loss adjustment of over $95,000 but not over $115,000, as determined on Form C-8000KC or C-8000KP.
Form C-8000KC or C-8000KP must be attached.
Note:
Members of controlled groups must attach a copy of Form C-8009, SBT Allocation of Statutory Exemption,
Standard Small Business Credit, and Alternate Tax for Members of Controlled Groups. See instructions for
short-period returns on page 7 of the SBT Instruction Book (Form 3435).
If not claiming a small business credit, go to line 28 to claim contribution credits.
PART 1: ADJUSTED BUSINESS INCOME
.00
3.
Business income from C-8000, line 11
3.
.00
4.
Capital loss carryover or carryback from C-8000, line 21
4.
.00
5.
Net operating loss carryover or carryback from C-8000, line 22
5.
6a.
Subtotal. Add lines 3, 4 and 5
.00
6a.
6b.
Fiscal filers only, see supplemental instructions.
.00
6b.
7.
Compensation and director fees of active shareholders from C-8000KC, line 6
.00
7.
8.
Compensation and director fees of officers from C-8000KC, line 7
.00
8.
9.
Adjusted business income. Add lines 6a or 6b (whichever applies), 7 and 8.
.00
9.
If line 9 is less than zero, skip lines 10-12 and enter 100% on line 13.
PART 2: SMALL BUSINESS CREDIT
.00
10.
Tax base from C-8000, line 32a or 32b (whichever applies)
10.
.00
11.
Tax base for credit. Multiply line 10 by 45% (.45)
11.
If line 9 exceeds line 11, this credit cannot be taken. Skip line 12 and enter zero on line 13.
12.
Income percentage. Divide line 9 by line 11 and multiply by 100
%
to find percentage
12.
13.
Credit percentage. Subtract line 12 from 100%
%
13.
.00
14.
Tax from C-8000, line 44
TAX
14.
15.
Standard Small Business Credit. Multiply line 13 by line 14
.00
15.
16.
Alternate tax. Multiply line 9 by 2% (.02)
.00
16.
17.
Alternate Credit. Subtract line 16 from line 14
.00
17.
18a.
Small business credit. Enter the greater of line 15 or 17
.00
18a.
b.
Reduced small business credit. Use the Reduced Credit Table on page 2
of this form to find the reduced credit percentage. Multiply line 18a by _____%
.00
18b.
19.
Tax after small business credit. Subtract line 18a or 18b, whichever is applicable, from line 14
.00
19.
If gross receipts (annualized if short-period return) are equal to or less than $9 million and contribution credits are
not being claimed, enter the amount on line 19 on Form C-8000, line 45. Otherwise, go to page 2 of this form.
Continue on page 2.
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