Scammers are contacting taxpayers while pretending to be from the Michigan Department of Treasury, using out‑of‑state phone numbers. They may request payments or attempt to trick you into providing your bank account information. Always verify the source before sharing any personal or financial details.
Base Amount Example: No Prior MQREs
Base Amount Example: No Prior MQREs
Example Explanation
A business is applying for the Research and Development (R&D) Tax Credit in Year 12 and needs to calculate its base amount to determine eligibility:
- Determine MQREs for the three prior calendar years:
- Year 9: $0
- Year 10: $0
- Year 11: $0
- Add the MQREs from the years with expenses.
- Since there were no years with MQREs, this is not applicable.
- Divide the total by the number of years with MQREs.
- Since there were no years with MQREs, the base amount is $0.
To Qualify For the Credit
To qualify for the R&D Tax Credit in Year 12, the business’s MQREs must exceed its base amount of $0.