Form 160 PDF Details

Navigating the process of filing taxes can sometimes feel like trying to decipher an intricate puzzle. This is especially true for businesses in Michigan, which must adhere to specific state tax requirements. Among the various forms and filings, the Form 160, known as the Combined Return for Michigan Taxes, plays a pivotal role for registered businesses. It's a comprehensive form designed to streamline the tax filing process by consolidating the reporting of sales, use, withholding, and Corporate Income taxes into a single return. The mandate that this form must be completed online underscores the Michigan Department of Treasury's push towards modernizing and simplifying tax administration. This requirement aims to enhance accuracy and efficiency, both for businesses and the state. Businesses new to the Michigan tax landscape receive guidance and necessary forms from the Treasury, and if these pre-identified returns are misplaced, Form 160 serves as a stopgap until replacements are provided. Also of note is the encouragement for businesses to shift towards electronic funds transfer (EFT) for their tax payments, illustrating a broader trend towards digitization in tax dealings. The form itself mandates meticulousness in its completion — from selecting the filing frequency to accurately reporting tax dues and credits — underscoring the serious approach businesses must adopt. Furthermore, the consequences of late filings or insufficient payments are not to be taken lightly, with penalties and interest charges adding a layer of urgency to meet deadlines. Completing and dispatching the form with precision is the final step in fulfilling this vital business obligation, solidifying Form 160's role as a crucial component in Michigan's business tax framework.

QuestionAnswer
Form NameForm 160
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesfill out form ds 160, form 160, form 160 fill out, form 160 pdf

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Instructions for Completing Form 160, Combined Return for Michigan Taxes

IMPORTANT: This return MUST be completed online. After completing, you must use the PRINT button on the return to print the return for mailing. Do NOT print and complete by hand.

If you registered your business with the Michigan Department of Treasury, you were mailed pre-identified returns and vouchers containing specific information about your account. This monthly/quarterly Form 160, Combined Return for Michigan Taxes, is intended for registered businesses that have not yet received their return booklet or that have lost or misplaced their returns. To assist in timely and accurate postings, please continue to use the pre-identified returns mailed to you if available.

Choose to eliminate paper filing requirements by registering for electronic funds transfer (EFT). For information on EFT registration and filing, visit www.michigan.gov/biztaxpayments.

Business Registration

If you are a new business, visit Treasury's Web site at www.michigan.gov/treasurynewbusiness. A complete business registration booklet is available to help you determine the taxes for which you must register. If you need assistance, contact the Registration Unit at 517-636-6925 or email your questions to treasreg@michigan.gov. You will be mailed pre-identified returns and vouchers containing specific information about your account. If you lose your returns and vouchers, contact the Registration Unit to have new forms mailed to you. You may use the return below until you receive your pre-identified returns in the mail. Returns and vouchers pre-identified for the filing periods remitted using the Web form should be discarded from the return booklet you receive.

Completing the Return

Complete only one form and write a single check for the total sales, use, and withholding and Corporate Income taxes due. You are required to file even if no tax is due (indicate zero tax due on your return). Find instructions and worksheets for completing Form 160 on Treasury's Web site.

Monthly/Quarterly: Check whether you are monthly or quarterly filer. You must make a selection before continuing.

Account Number: Enter your assigned 9-digit federal employer identification number (FEIN) or Michigan Treasury number. If you do not have an account number, see "Business Registration."

Return Period: Select the appropriate return period from the drop down lists.

Due Date: The return and payment are due on or before the 20th of the month following the tax period (month or quarter). If the 20th falls on a holiday or weekend, the due date is the first business day following the weekend or holiday.

Tax Due: Enter the tax due amount(s) in the space provided next to the appropriate tax(es) you are paying. Enter the total of all taxes due on the Total Payment line.

Credits: For a period in which you have a credit, enter zero on the Total Payment line of the return. Carry the credit forward on your worksheets for each period until you have an amount due. Do not enter a credit on this return (scanning equipment reads all entries as debits/money owed).

Late or Insufficient Payments

Returns filed late or without payment of tax due are subject to both penalty and interest. Treasury's Penalty and Interest Calculator may be used to assist in computing any additional fees.

When You Are Finished

After completing the return, print the form using the PRINT button on the return. Detach the return from the instructions by cutting along the dotted line below. Mail your return and payment to the address on the return. Make your check payable to "State of Michigan."

Detach here and mail the return with your payment. Do not fold or staple the return.

Michigan Dept. of Treasury 160 (Rev. 7-12)

Combined Return for Michigan Taxes

File this return even if no tax is due.

Use form 163 for address changes.

Account Number

Office Use

 

95

Return Period

 

 

 

Due Date

 

 

 

Taxpayer's Business Name

 

 

 

Taxpayer's Signature

Phone Number

 

 

Sales Tax

01

Sales Tax

Discount02

Use Tax (Sales/Rentals) 03

Use Tax

Discount04

Use Tax

(Purchases) 05

Michigan

Withholding 06

Do not subtotal lines on this return.

CIT

Estimates 07

Voucher

Payment 98

Penalty &

Interest99

97RESERVED

97RESERVED

97RESERVED

Mail to: Michigan Dept. of Treasury, Dept. 77003, Detroit, MI 48277-0003

Make checks payable to: "State of Michigan" and include your account number on your check.

Total Payment

How to Edit Form 160 Online for Free

160 form can be completed online without any problem. Just make use of FormsPal PDF tool to complete the task without delay. To retain our editor on the forefront of practicality, we aim to put into practice user-driven features and improvements regularly. We're at all times looking for feedback - assist us with reshaping how we work with PDF files. To get the process started, take these basic steps:

Step 1: Just hit the "Get Form Button" at the top of this webpage to launch our pdf file editor. There you will find all that is necessary to fill out your document.

Step 2: As soon as you open the tool, you'll notice the document all set to be completed. Aside from filling in various fields, you could also do other actions with the PDF, particularly adding custom text, modifying the initial text, inserting graphics, putting your signature on the form, and more.

With regards to the blanks of this specific form, here is what you should know:

1. The 160 form usually requires certain information to be typed in. Ensure that the subsequent fields are finalized:

The best ways to fill out how to form 160 fill out stage 1

2. Right after completing this part, head on to the next stage and fill out the necessary particulars in all these blanks - Michigan Dept of Treasury Rev, Account Number, Return Period, Due Date, Office Use, Taxpayers Business Name, Taxpayers Signature, Phone Number, Sales Tax, Sales Tax Discount, Use Tax SalesRentals, Use Tax Discount, Use Tax Purchases, Michigan Withholding, and CIT Estimates.

Step no. 2 of filling in how to form 160 fill out

Regarding Return Period and Office Use, be sure you review things here. Those two could be the key fields in the document.

Step 3: As soon as you've looked once again at the details in the file's blanks, click "Done" to conclude your form. Sign up with us right now and instantly access 160 form, set for downloading. Every edit you make is conveniently preserved , letting you change the document further if required. FormsPal ensures your data confidentiality via a secure system that never records or shares any type of personal data involved. You can relax knowing your docs are kept safe when you work with our service!

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