Preliminary information for the Wholesale Marihuana Tax is now available.
Flow-Through Entity Tax
Tax Year 2025 Update for Flow-Through Entities
As a flow-through entity, you must provide specific information about FTE tax credits to your members. As detailed on the new Forms 6072 and 6074, your members (not you the entity) must report this information along with their MI-1040 or MI-1041 returns, or their credits will be denied.
You may provide the information to your members in any format you prefer, such as U.S. Schedule K-1 notes.
Due Dates
Estimated payments are due quarterly. Payments must be made online using Michigan Treasury Online (MTO).
Note: If a due date falls on a weekend or State holiday, the return and payment are due the next business day.
Calendar Year Filers
Estimated Payment Due Dates
- First Quarter – April 15
- Second Quarter – June 15
- Third Quarter – September 15
- Fourth Quarter – January 15, the following calendar year
Annual Return
The annual return and any remaining tax due must be submitted by March 31. If you have requested an extension, you must still pay any estimated unpaid tax by the original return due date.
Fiscal Year Filers
Estimated Payments
If you file taxes based on a fiscal year instead of the calendar year, use the same timing for estimated payments that matches your fiscal year. For example, if your fiscal year starts on April 1, your estimated payments are due on July 15, September 15, December 15, and April 15 of the following year.
Annual Return
The annual return and final payment are due on the last day of the third month after your tax year ends. If you have requested an extension, you must still pay any estimated unpaid tax by the original return due date.