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○ Any person, other than a person subject to the tax

institution member that owns or controls the other financial

imposed under Chapter 2A of the MBT Act (Insurance

institution members has nexus with Michigan, that controlling

Companies), that is directly or indirectly owned by an

member must serve as DM.

entity described above and is a member of the UBG.

If that controlling member does not have nexus with Michigan,

○ A UBG of entities described in either or both of the

it may appoint any financial institution member of the UBG

preceding two bullets.

with nexus to serve as DM. That DM must continue to serve

Each insurance company member will file separately, using

as such every year, unless it ceases to be a UBG member or the

controlling member attains Michigan nexus.

Insurance Company Annual Return for Michigan Business and

Retaliatory Taxes (Form 4588). Because insurance companies

If a UBG is comprised of both standard members (not owned

always file separately, rather than on a combined return, there

by and unitary with a financial institution in the UBG) and

is no MBT insurance form that serves a function similar to that

financial institutions, the UBG will have two DMs (one for the

of Forms 4580 and 4752.

standard members completing Form 4567 and related forms,

and one for the financial institution members completing Form

Example A: UBG A is composed of the following:

4590 and related forms).

• Four standard members

Role of the Designated Member: The DM files the MBT return

• Three financial institutions (all with nexus in Michigan)

on behalf of the UBG for MBT purposes. Only the DM may

file a valid extension request for the UBG. Treasury maintains

• Two insurance companies.

the UBG’s MBT tax data (e.g., prior MBT returns, business

All members of UBG A are owned by and unitary with one

loss carryforward, tax credit carryforward, overpayment credit

of the standard members of the UBG. UBG A will need to

forward) under the DM’s name and account number.

file Form 4580 and Form 4567 containing the four standard

members and Form 4752 and Form 4590 containing the

Line-by-Line Instructions

three financial institutions. In Part 1 of each form, only

the members that are included on that form (either the four

Lines not listed are explained on the form.

standard members, or the three financial institutions) will

be listed. Form 4580 with standard members will be filed

Dates must be entered in MM-DD-YYYY format.

under the name and Federal Employer Identification Number

For additional guidance, see the “Supplemental Instructions for

(FEIN) of the group’s standard DM. One of the financial

Standard Members in UBGs” in Form 4599.

institutions will serve as DM for those three members and

file Form 4752 and Form 4590. On Part 3 of Form 4580, list

Part 1: Unitary Business Group Members

all financial and insurance members. On Part 3 of Form

In Part 1, list only those members of the UBG that are

4752, list all standard and insurance members. The two

included on the annual return that is supported by this copy

insurance companies each will file a stand-alone Form 4588.

of this form. If more than 16 members, include additional

4752 forms as needed, repeating the DM’s name and FEIN

or Michigan Treasury (TR) assigned number in the field at

Example B: UBG B is composed of the following:

• Four members that would be standard (see below)

the top of each page. All excluded UBG members will be

identified in Part 3.

unless owned by a financial institution

• Three financial institutions (all with nexus in Michigan)

Lines 1A and 1B: Beginning with the DM, list the UBG

financial institution members and their corresponding FEIN or

• Two insurance companies.

TR Number.

All members of UBG B are owned by and unitary with

NOTE: A taxpayer that is a UBG must file a combined

one of the financial institutions in the UBG. Due to this

ownership by a financial institution, the four members that

return using the tax year of the DM. The combined return of

otherwise would be standard are defined by statute to be

the UBG must include each tax year of each member whose

financial institutions. (See definition of financial institution

tax year ends with or within the tax year of the DM. For

example, Taxpayer ABC is a UBG comprised of three financial

earlier in these instructions.) Therefore, this UBG will

not file a Form 4580 or 4567. Seven members will file a

institutions: Member A, the DM with a calendar tax year, and

Members B and C with fiscal years ending March 31, 2013, and

combined return on Form 4590 and 4752, listing the two

September 30, 2013, respectively. Taxpayer ABC’s tax year is

insurance members as excluded affiliates on Part 3 of Form

that of its DM. Thus, Taxpayer ABC’s tax year ends December

4752. The two insurance companies each will file a stand-

31, 2013, and its annual return is due April 30, 2014. That

alone Form 4588.

annual return must include the tax years of Members B and C

ending March 31, 2013, and September 30, 2013.

To complete this form and prepare a combined return, the UBG

must select a DM. For purposes of a combined return filed by

If, in the previous example, Member A, the DM, instead had a

fiscal year ending July 31, 2013, the UBG’s tax year would end

financial institution members of a UBG, Designated Member

means a financial institution member that has nexus with

July 31, 2013, and its annual return would be due November

Michigan and that will file the combined MBT return on behalf

30, 2013. The combined return for the UBG would include

of all financial institution members of the UBG. If the financial

Member A’s tax year of August 1, 2012 through July 31, 2013,

Form 4752 - Business Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2014 Page 6

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