Emergency-related state tax relief available for taxpayers located in two counties of Michigan impacted by severe weather.
Unitary Business Groups: Disregarded Entities
Unitary Business Groups: Disregarded Entities
Situational Explantion
A disregarded entity owned by a Unitary Business Group (UBG) member cannot claim the Research and Development (R&D) Tax Credit on its own. However, its Michigan Qualified Research Expenses (MQREs) may still count toward the group’s credit if the UBG meets the eligibility requirements.
Employees of a disregarded entity cannot be counted when determining the employer size of the UBG. The disregarded entity is treated as a separate employer for this purpose.