Home
Forms Library
Michigan department treasury

2017 Application for Michigan Net Operating Loss Refund MI-1045. 2017 Application for Michigan Net Operating Loss Refund MI-1045-2025

michigan department treasury Preview on Page 1

See details

4.8 out of 5

156 votes

The document is the Michigan Department of Treasury's Form MI-1045, which is an application for a Michigan Net Operating Loss (NOL) refund. It outlines the process for calculating NOLs, including how to compute refunds from carrybacks and carryforwards. The form requires detailed financial information from taxpayers to determine their eligibility for NOL deductions based on losses exceeding income in a given year. It also includes instructions for nonresidents, necessary supporting documentation, and guidelines for amending NOL claims.

Here's how it works

01. Edit your michigan department treasury online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send michigan tax law via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out 2017 Application for Michigan Net Operating Loss Refund MI-1045 with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the 2017 Application for Michigan Net Operating Loss Refund MI-1045 in the editor.
Begin by entering your personal information in the top section, including your first name, last name, and Social Security number. If filing jointly, include your spouse's details.
In Part 1, compute your Net Operating Loss (NOL) by filling in the required income and loss fields based on your U.S. Form 1040. Ensure you only include Michigan-sourced income.
Proceed to Part 2 to calculate any refund from an NOL carryback. Enter the year to which you are carrying back the NOL and follow the instructions for redetermining Michigan income tax.
Complete Part 3 if applicable, detailing any NOL carryforward calculations. Make sure to track how much of the NOL is being utilized each year.
Finally, review all entries for accuracy before signing and dating the form at the bottom. Submit it as instructed.

Start using our platform today to easily fill out and manage your tax forms online for free!

See more 2017 Application for Michigan Net Operating Loss Refund MI-1045. 2017 Application for Michigan Net Operating Loss Refund MI-1045 versions

We've got more versions of the 2017 Application for Michigan Net Operating Loss Refund MI-1045. 2017 Application for Michigan Net Operating Loss Refund MI-1045 form. Select the right 2017 Application for Michigan Net Operating Loss Refund MI-1045. 2017 Application for Michigan Net Operating Loss Refund MI-1045 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (156 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I sign my treasury mi without printing?

eSignatures are a great alternative to traditional signing, as they save time, effort, and money people spend on printing, scanning, and paper delivery. You can electronically sign your treasury mi using a reliable and robust online document management tool like DocHub. It complies with main eSignature policies (ESIGN and UETA), so all documents approved there are legally binding and have the same validity as physically signed ones.

How do you edit act mi online?

With DocHub, you have several convenient ways to edit your act mi online. You can drag and drop the form and edit it straight at the DocHub website or use our browser extension to fill out your form right away. On top of that, you can edit your PDF on your phone, as DocHub works with all the accessible mobile platforms.

Who needs to file Michigan form 5081?

Taxpayers who withheld Michigan income tax on a 1099 form (1099- MISC, 1099-NEC, 1099-R, etc.) must report the income and the withholding on the Sales, Use, and Withholding Taxes Annual Return (Form 5081) and send a copy of the 1099 form directly to Treasury.

What is the Michigan Form 5674 for net operating loss deduction?

Form 5674 is used to compute the current year Michigan net operating loss (NOL) deduction from available Group 1 and/or Group 2 NOLs. Form 5674 is required when claiming an NOL deduction on the Michigan Schedule 1. Both the Schedule 1 and Form 5674 must be included with the MI-1040 when claiming an NOL deduction.

What is the $550 refund in Michigan?

The checks, averaging about $550, are for those who qualified for the Earned Income Tax Credit in 2022. The checks come after a state law was passed last March that expanded Michigans Earned Income Tax Credit from 6% to 30% of the federal tax credit.

michigan apply

MI 1045 instructions MI 1045 Instructions 2024 Michigan Form 5674 Michigan NOL carryforward Worksheet Federal modified taxable income

What is the carryback rule for NOL 2017?

NOL carryback general rule: The taxpayers must first carry back the entire NOL incurred in 2017 to the preceding two years. Any loss not applied in the preceding two years can be carried forward up to 20 years.

What is the tax clearance form for Michigan?

Tax Clearance Requests File Form 5156, Request for Tax Clearance Certificate or Tax Status Letter if you: Want to know your current total tax liability with the Michigan Department of Treasury.

What is an NOL deduction and why is it allowed?

An NOL occurs when a companys allowable tax deductions exceed its taxable income within a specific period. This happens for various reasons, such as during a companys startup phase, when expenses often outpace revenue, or in cyclical industries where profits fluctuate docHubly from year to year.

How to claim a net operating loss?

Generally, a taxpayer may claim an NOL carryforward on its income tax return and must attach a statement showing how the NOL deduction was computed. In order to file an NOL carryback claim, a taxpayer can file an amended income tax return for the carryback year or a tentative refund claim.

What is the Michigan Form MI 1045?

MI-1045) is used to compute the Michigan net operating loss (NOL) and is now filed with the loss year return (including e-filed returns). Michigan Net Operating Loss Deduction (Form 5674) is used to compute the current year Michigan NOL deduction. Form 5674 is required to claim an NOL deduction on Schedule 1.