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.
Is there penalty and interest due on a late filed return?
Is there penalty and interest due on a late filed return?
Late fiduciary payments are subject to a penalty of 5 percent of the tax due. After the second month, penalty will increase by an additional 5 percent per month, or fraction thereof, up to a maximum of 25 percent of the tax due. If the fiduciary payment is late, compute and add the applicable penalty and interest to the amount due. View latest interest rates.