Emergency-related state tax relief available for taxpayers located in four southwest Michigan Counties impacted by May 2024 storms.
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20. May a flow-through entity (FTE) file a composite return if it elected to pay the flow-through entity tax?
20. May a flow-through entity (FTE) file a composite return if it elected to pay the flow-through entity tax?
Yes, a flow-through entity that elected to pay the flow-through entity tax may still file a composite return on behalf of its participating members.
For more information about the flow-through entity tax credit see Flow-Through Entity (FTE) Tax Credit FAQs.