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Filing Requirements 10. Will MBT overpayments be applied to CIT?

Yes. At the option of the taxpayer, any MBT overpayments from the final return may be either refunded or carried forward and applied to the initial CIT return.

The Department will handle the situation of a taxpayer with an MBT overpayment that will no longer be a taxpayer after filing under the MBT, by applying section 30 of the "Revenue Act" (MCL 205.30). Section 30 governs overpayments and directs that the overpayment shall be first applied to any known liability as provided in section 30a (MCL 205.30a), and the excess, if any, at the taxpayer's request, shall be refunded or credited against any current or subsequent tax liability.