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on this line would be Flow-Through Withholding (FTW)

Line 37A: If a person being listed here is listed on

payments made by flow-through entities (FTEs) whose tax

U.S. Form 851, enter the identifying number for that person

years ended within the member’s tax year that is included in

that is called “Corp. No.” at the left edge of pages 1, 2, and 3 of

U.S. Form 851.

this UBG return. For example, consider a partnership with a

June 30 year end, a UBG with a September 30 year end, and

Line 37D: Reason codes for affiliate being excluded from

a UBG member that has a March 31 year and is a partner in

the combined return of financial institutions supported by this

the partnership. The partnership will make quarterly FTW

form.

payments in April 2014 (for its quarter ending March 31) and

July 2014 (for its quarter ending June 30), and will file an

Lacks business activities resulting in a flow of value or

annual FTW reconciliation return (Form 4918) for its year

integration, dependence, or contribution to group.

ending June 30, 2014. Because the partnership’s year ends

Foreign operating entity.

within the partner’s 2014-15 fiscal year, all the FTW payments

Foreign entity.

for that partner are attributable to the partner’s 2014-15 fiscal

Member has no MBT tax year (as a member of this

year, regardless of the dates of the quarterly payments. Because

UBG) ending with or within this filing period.

the partner’s (the UBG member’s) 2014-15 fiscal year ends

within the DM’s (and UBG’s) October 2014-September 2015

Other.

fiscal year, these FTW payments will be reported on this UBG

Insurance company. (Insurance companies always file

member’s Form 4897 for the UBG’s October 2014-September

separately.)

2015 MBT return.

“Standard” taxpayers not owned by a financial

institution.

(Financial

institutions

and

“standard”

If an amount is entered on this line, complete the MBT

taxpayers are not included on the same combined return.)

Schedule of Flow-Through Withholding (Form 4966) to

account for the Flow-Through Withholding payments received.

If you have questions, call the Michigan Department of

The amount entered on this line must equal the sum of the

Treasury, Technical Services Division, at (517) 636-4230, to

combined amount from Form 4966, column E.

discuss an appropriate entry.

Line 36: Only the DM may request a filing extension for a UBG.

Line 37E: If this person has nexus with Michigan, check this box.

If any other member submits an extension request, it will not

Line 37F: Enter this person’s six-digit NAICS code. For a

create a valid extension for the UBG, but any payment included

complete list of six-digit NAICS codes, see the U.S. Census

with such a request can be credited to the UBG by entering that

Bureau Web site at , or enter

payment on this line in that member’s copy of Part 2B.

the same NAICS code used when filing U.S. Form 1120S, U.S.

Part 3: Affiliates Excluded From the Combined

Form 1065, Schedule C of U.S. Form 1040, or Schedule K of

Return of Financial Institutions

U.S. Form 1120.

The statutory test for membership in a UBG is a group of U.S.

NOTE: If there is only one financial institution member in a

persons (other than a foreign operating entity):

UBG for a given tax year, that member must file this form in

• One of which owns or controls, directly or indirectly, more

support of its Form 4752 and list all excluded members using

than 50 percent of the ownership interest with voting rights

the reason codes below.

or ownership interests that confer comparable rights to

Part 4: Persons Included in the Prior Combined

voting rights of the other U.S. persons; and

Return, but Excluded From Current Return

• That has business activities or operations which result in a

flow of value between or among persons included in the UBG

The purpose of Part 4 is to assist Treasury in tracking

or has business activities or operations that are integrated

membership changes of a UBG from year to year. If the reason

with, are dependent upon, or contribute to each other. Flow

the person is not on this return is because it did not satisfy the

flow of value, etc., test at any time during the filing period, list

of value is determined by reviewing the totality of facts and

circumstances of business activities and operations.

the person on line 36, and do not enter it here.

A person that would be a standard taxpayer if viewed

Line 38C: Reason codes for a person being included in last

separately is defined as a financial institution if it is owned,

year’s return but not on the combined return for financial

directly or indirectly, by a financial institution and is in a UBG

institutions supported by this form:

with its owner.

10 The member no longer meets the control test but the

The purpose of Part 3 is to identify entities for which the

ownership interest is still greater than zero.

ownership test described above is satisfied but which are not

included on this combined return, either because the flow of

12 The member no longer meets the control test and the

value/integration/dependence/contribution test is not satisfied

ownership interest is zero.

14 Before the beginning of the filing period for this return,

or because the member is excluded by statute. A member

whose net capital is not included in this return because its tax

the person ceased to exist due to dissolution.

year ends after the filing period of the UBG also should be

16 Before the beginning of the filing period for this return,

listed here.

the person ceased to exist due to a merger or similar

combination.

Form 4752 - Business Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2014 Page 9

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