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The electing flow-through entity, based on the calculation and payment of the michigan fte tax, must communicate certain credits and adjustments to members, providing for proper reporting on … The fte annual return filing includes schedule for reporting member information for a flow-through entity (form 5774). Part 2 of that form reports individuals, fiduciaries, and other flow-through entities …
Michigan fte tax returns submitted outside mto will not be accepted. The michigan house of representatives approved, and the senate passed changes to the fte tax on december 11, 2024. The governor signed the bill on january 17, 2025. Below are suggested templates that fte taxpayers, or any other flow-through entity in a tiered structure, can use to report fte tax information to their members.
