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Michigan Business Tax
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A36. Will an overpayment made in connection with a taxpayer's final SBT return be applied as timely against that taxpayer's first quarter MBT estimate, even though the overpayment may have been made after the due date for the first quarter MBT estimated payment?
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Answer:
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Yes, if a taxpayer pays the amount due with its final SBT return, and that return is timely filed (by the due date or, if an extension has been obtained, by the extended due date), any overpayment resulting from that return will be credited by the Department toward the amount owing under that taxpayer's first quarterly estimated payment under the MBT. As long as the final SBT return is timely filed, the overpayment will be credited as a timely payment against the taxpayer's first quarterly MBT estimate, even though the date of the SBT overpayment may have been later than the due date for the estimated payment.
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