Michigan Form 2271 PDF Details

In the complex environment of Michigan's tax obligations for vendors, the Michigan Department of Treasury 2271 form serves as a critical tool for concessionaires to comply with state tax laws. Through its meticulous layout, the form requires detailed reporting of sales, both gross and taxable, alongside taxes due on these transactions at a fixed rate of 6 percent. This obligation extends to the collection and remittal of sales tax on tangible personal property sold at events within Michigan, and use tax on goods used in the vendor’s business when sales tax hasn't been paid elsewhere. Moreover, it encapsulates the need for income tax withholding for employees working in Michigan, regardless of their residency. The simplicity of the form's structure, demanding accuracy in reporting purchases, sales, and calculating taxes owed, underscores its importance. The necessity for vendors to adhere to these requirements by submitting the form and corresponding payment to the Michigan Department of Treasury post-event is underscored by penalties for non-compliance, adding to the accountability vendors must uphold. With precise instructions for calculating taxes due, including penalties and interest for late submissions, the form also guides on rounding off sales tax and determining withholdings for employees—integral for maintaining the legality of business operations within the state. Information regarding additional assistance, whether through direct contact with the Treasury or via access to online resources, signifies the state's support in helping vendors navigate these tax obligations.

QuestionAnswer
Form NameMichigan Form 2271
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesmichigan sales tax renewal form, michigan tax form 2271, state michigan sales tax forms 2011, form 2271

Form Preview Example

Michigan Department of Treasury 2271 (Rev. 11-06)

Concessionaire's Sales Tax Return and Payment

Issued under P.A. 167 of 1933 and 122 of 1941 as amended. Filing is mandatory.

Seller's Name

Telephone Number

Social Security Number

 

 

 

Street Address

Sales Tax License No. (if applicable)

Federal Employer ID Number

 

 

 

City, State, ZIP Code

Temporary Liquor License No. (if applicable)

 

 

 

 

Event

Location (City)

Date of Event

As a vendor operating in Michigan, you are responsible for collecting and paying Michigan sales, use and withholding taxes. You must remit sales tax on all sales of tangible personal property from an event at a Michigan location to an end user ("retail sales") at the rate of 6 percent. You must also remit use tax on all goods taken from inventory or purchased exempt from Michigan sales tax and used in your business unless you paid sales tax of at least 6 percent to another state. For example, prizes given for games of skill or chance.

You must also remit income tax withholding for wages paid to anyone working for you while you are in Michigan, regardless of that person's state of residence. For example, either hiring local people when you are in Michigan or bringing your own employees with you.

Complete each line below as instructed. If you have questions, please contact the Sales, Use and Withholding Tax Customer Contact Division at (517) 636-4730.

1.Gross Sales. Enter the total amount of sales of

tangible personal property including cash and charge sales

2.Enter your purchases for resale on which you paid tax of 6% to your supplier

3.Subtract line 2 from line 1

4.If you include tax in gross sales (line 1), divide line 3 by 17.6667

5.Taxable Sales. Subtract line 4 from line 3

6.Sales Tax Due. Multiply line 5 by 6% (.06)

7.Use Tax Due. Enter 6% (.06) of all purchases made for your own use or consumption on which you did not previously pay 6% sales tax

8. Enter all wages paid to employees

8.

9.Income Tax Withholding Due. Enter total withholding due

10.Penalty and Interest Due. Enter amounts due for late payment of tax

11.Pay this Amount. Add lines 6, 7, 9 and 10

CERTIFICATION

I declare, under penalty of perjury, that the information in this return is true and complete.

1.

2.

3.

4.

5.

6.

7.

9.

10.

11.

Seller's Signature

Date

This return is due upon demand. If demand is not made, 3 business days after event. If this form and payment are not mailed to the Michigan Department of Treasury by the due date, an estimated tax assessment may be issued against you.

Make check payable to: STATE OF MICHIGAN.

Mail To: Michigan Department of Treasury

Customer Contact - SUW

P.O. Box 30427

Lansing, MI 48922

Return the white copy with payment.

Keep the yellow copy for your files.

Sales Tax Collection

Retailers are required to remit a 6% sales tax on their taxable retail sales to the State of Michigan. Effective January 1, 2006, a retailer must calculate the amount of sales tax to collect by using the following rounding formula.

To determine the amount of tax to remit, compute the tax to the third decimal place and round up to a whole cent when the third decimal place is greater than four, or down to a whole cent when the third decimal point is four or less.

How to Compute Withholding

To calculate tax amounts to withhold, employers may use a direct percentage computation (example shown below) or use the Michigan Income Tax Withholding Table. This table is found in Form 446, Michigan Income Tax Withholding Guide. Additional information regarding sales, use and withholding taxes, as well as Form 446 and the income tax withholding tables, is available by visiting the Michigan Treasury Web site www.michigan.gov/businesstaxes.

 

2007

2006

Payroll Period

Allowance per Exemption

Allowance per Exemption

Per Day

9.32

$9.04

Weekly

65.38

$63.46

Withholding Formula

[Compensation - (allowance per exemption x number of exemptions)] x Calendar Year's Withholding Tax Rate. Example: An employee with 3 exemptions earns $600/week in 2007 - the 2007 withholding tax rate is 3.9%.

The Direct Percentage Calculation is:

[$600 - ($65.38 x 3)] x 3.9% = Amount to withhold [$600 - $196.14] x .039 = $15.75

How to Compute Penalty and Interest

If a return is not filed or tax is not paid within three days of your event, you must include penalty and interest with your payment. Penalty is 5% of the tax due. Penalty increases by an additional 5% per month or fraction thereof, after the second month, to a maximum of 25%. Interest is charged daily using the average prime rate, plus 1 percent.

You may refer to our Web site for current interest rate information, or help in calculating late payment fees.

www.michigan.gov/treasury

How to Edit Michigan Form 2271 Online for Free

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As a way to finalize this form, make certain you provide the required information in each blank field:

1. Fill out the michigan form 5082 2019 with a group of major fields. Note all of the necessary information and ensure absolutely nothing is omitted!

Find out how to fill out form 2271 michigan step 1

2. Right after performing the last step, go on to the next part and fill out the essential particulars in all these blank fields - Gross Sales Enter the total amount, tangible personal property, Enter your purchases for resale on, Subtract line from line, If you include tax in gross sales, Taxable Sales Subtract line from, Sales Tax Due Multiply line by, Use Tax Due Enter of all, or consumption on which you did, Enter all wages paid to employees, Income Tax Withholding Due Enter, Penalty and Interest Due Enter, Pay this Amount Add lines and, CERTIFICATION, and I declare under penalty of perjury.

Filling in part 2 in form 2271 michigan

Always be extremely careful when completing Taxable Sales Subtract line from and Subtract line from line, since this is the section in which many people make a few mistakes.

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