New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Use this procedure to ensure the correct preparation of Michigan Unitary Business Group income tax returns.

1. Add Michigan to the parent client and the subsidiaries. Complete all data entry for these member clients. Each member’s state return should be complete and correct before proceeding to the next step.

   Note: Apportionment data entry must be completed for each member client, even if the client is 100 percent in-state. Apportionment data entry is accessed through View > Apportionment.

2. In the parent client return, choose the File > Client Properties > Michigan tab, and mark the Designated Member checkbox. Click OK to close the Client Properties dialog. A Unitary input screen folder is now available in the list of Michigan input screen folders.
3. In each subsidiary client return, choose the File > Client Properties > Michigan tab, and enter the EIN of the parent client in the Designated Member EIN field.
4. Print preview each subsidiary client return to prepare the member state return information to share data into the designated member return.

5. Open the designated member client return and navigate to the Michigan input screens. The Data Sharing – Pending Updates dialog opens listing each subsidiary client available to share data.

   Note: A client will not be listed in the Data Sharing dialog if you did not perform both steps 3 and 4 above or if the member client does not have a numeric EIN entered in the Federal tab in View > Client Properties.

6. Select the first member and press the Add Unit button at the bottom of the Data Sharing dialog. You will now see a list of the data to be imported into the designated member client. Click the Accept and import new source data option and press the Accept button at the bottom of the dialog. Repeat this step for each member of the unitary group.

   Note: If the Unitary Business Group return contains members not available to share data, you can add a unit of the Unitary input screens by selecting Edit > Add Unit in Screen MIUGen.

7. Click the Michigan Unitary input screen folder. There is now a separate unit of the Unitary input screens for each member client with shared data in step 6.
8. Select unit one, the designated member unit, and complete any necessary data entry for the group in the Group Information section.
9. Review each unit of the Unitary input screens and complete any necessary data entry.
10. Print and review the Michigan Unitary Business Group income tax return.

Was this article helpful?

Yes No

Submit