Blank Michigan 5156 PDF Form

Blank Michigan 5156 PDF Form

The Michigan Department of Treasury Form 5156 is a Request for Tax Clearance Application that businesses must complete when selling or closing their operations in Michigan. This form serves to ensure that all tax obligations are met before a business can transfer ownership or cease operations. For those needing to fill out this form, click the button below to get started.

The Michigan 5156 form, officially titled the Request for Tax Clearance Application, serves a crucial role for businesses in various stages of operation, particularly during transitions such as sales or closures. Issued under the authority of Public Act 228 of 1975, this form is essential for any business entity looking to secure a tax clearance certificate. The form is divided into several parts, each tailored to specific scenarios. For instance, those selling their business or assets need only complete Parts 1 and 4, while corporations closing their operations must fill out Parts 1, 2, and 4. Essential information required includes the current business name, Federal Employer Identification Number (FEIN), and details regarding the sale or discontinuation of business activities. Additionally, the form mandates a certification and authorization section to ensure the accuracy of the information provided and to allow for the disclosure of tax-related information. Completing the Michigan 5156 form accurately is vital, as it facilitates the release of any escrowed funds and ensures compliance with state tax obligations.

Document Sample

Michigan Department of Treasury 5156 (Rev. 05-15)

Request for Tax Clearance Application

Issued under authority of Public Act 228 of 1975, as amended.

ReAson foR The RequesT

I am selling my business or business assets. l Complete Part 1 and Part 4 ONLY

I am closing my business and my business is registered as a corporation with the Michigan Department of Licensing and Regulatory Affairs.

l Complete Part 1, Part 2, and Part 4 ONLY

I have completed the sale of my business or business assets and require a tax clearance certiicate. l Complete Part 1, Part 3, and Part 4 ONLY

PART 1: GeneRAl InfoRmATIon — To be completed by ALL applicants.

Current Business or Corporation Name

FEIN or TR Number

Previous Business or Corporation Name

Address

City

State

ZIP Code

PART 2: CoRPoRATe DIssoluTIon oR WIThDRAWAl — To be completed by any business entity incorporated through the Michigan Department of Licensing and Regulatory Affairs (LARA).

noTe: The date that the business is actually discontinued (below) should relect the date on the Form 163 Notice of Change or Discontinuance submitted to the Michigan Business Tax Registration Unit. If this form has not been submitted, please complete and attach with this request. If the business and its FEIN number were not registered with the Michigan Department of Treasury, please submit the last four years of Federal Business Tax Returns in place of the Form 163.

Corporate ID Number Assigned by LARA

Date Incorporated with the State through LARA

Date Business Actually Discontinued in Michigan

 

 

 

If this corporation had no tax liability or was not required to register with the Michigan Department of Treasury, provide a detailed explanation in the space below. Substantiate with attachments:

Continue and sign on Page 2

Form 5156, Page 2

PART 3: sAle of BusIness oR AsseTs — To be completed by any business (all types) that has sold all or part of the business prior to submitting this application.

ImPoRTAnT: This is a request by any business entity that has sold most of its assets, but the business shell will remain in place to continue iling tax returns (when due) until the business later determines whether it will ile a Certiicate of

Dissolution with the LARA Corporation Division.

Does the business operate under a trade name?

Yes

No

 

 

 

 

 

 

 

 

 

If yes, list the name it is doing business as

 

 

 

 

Will you continue business activity after clearance under this FEIN or TR number?

Yes

No

 

If no, have you submitted a Notice of Change or Discontinuance (Form 163)?

Yes

No

 

 

 

 

If yes, date of discontinuance reported on Form 163 (MM-DD-YYYY)

 

 

 

 

 

 

If no, attach a completed Form 163 with this request.

 

 

 

.........................................Date of sale of business or business assets to another entity

 

 

 

Is money being held in escrow pending receipt of a tax clearance?

Yes

No

 

If yes, how much is held in escrow?

 

 

 

 

 

 

 

 

 

 

PuRChAseR InfoRmATIon

 

 

 

Purchaser Business Name

Purchaser FEIN

Purchaser Address

City

State

ZIP Code

PART 4: CeRTIfICATIon AnD AuThoRIzATIon foR DIsClosuRe of InfoRmATIon

I declare under penalty of perjury that I am the owner, oficer, or member of the business for which tax clearance is requested and that the information entered is true.

Name (Print or Type)

Title

Signature

Date

Telephone Number

Address

City

State

ZIP Code

AuThoRIzATIon foR DIsClosuRe of TAx CleARAnCe InfoRmATIon (This is not a required section)

use this section to designate a third party to receive all tax clearance information for the business listed in Part 1.

The above signed authorizes the Michigan Department of Treasury, Tax Clearance Section, to release any and all tax information and outstanding balances due for the purpose of tax clearance to the individual(s) listed below. This authorization does not include signature power. This authorization is only valid for 90 days from the date of the signature above.

Name

Telephone Number

Fax Number

Address

City

State

ZIP Code

Instructions for form 5156,

Request for Tax Clearance

Part 1: General Information – All fIelDs In ThIs seCTIon musT Be ComPleTeD

NOTE: If you are selling a business but the sale has not occurred, the Michigan Department of Treasury (Treasury) will provide known or estimated tax liability for the purpose of

establishing a tax escrow. Once the sale is complete, submit a new request completing Part 1 and Part 3 to obtain a certiicate

for the release of the escrowed funds.

Current Business or Corporation Name: Enter the

legal business/corporation name. If the business is a sole proprietorship, enter the owner’s name here, with the last name

irst.

Federal Employer Identiication Number (FEIN) or Treasury Issued Account Number (TR): Enter the business’

IRS-issued FEIN or Treasury-issued TR number.

Business Street Address/City/State/ZIP Code: Enter the

physical business address. (A PO Box is not acceptable in this ield.)

Part 2: Corporate Dissolution or Withdrawal

Complete this section if you are dissolving a domestic (Michigan) corporation or if you have a foreign corporation (incorporated outside Michigan) that is withdrawing from

Michigan. A corporation is any business entity that has iled

and incorporated with the Michigan Department of Licensing and Regulatory Affairs (LARA).

NOTE: A Tax Clearance Certiicate must be requested from

Treasury within 60 days of dissolution or withdrawal of business from Michigan.

Corporate Identiication Number: Enter the business’

LARA-assigned Corporate Identiication Number (CID). This number can be located on the annual statements iled with LARA or online at www.michigan.gov/lara.

Date Business Discontinued in Michigan: Enter the date

your business ceased operations in Michigan. This date should relect the date entered on the Notice of Change or

Discontinuance (Form 163). If you have failed to complete and submit Form 163 to the Registration Unit, you must complete and remit Form 163 with this application. In the event your business’ FEIN was never registered with Treasury, you must include the last four years of Federal Returns for the business in place of Form 163.

Date Incorporated with the State of Michigan through

LARA: Enter the date of incorporation. For additional

information, go to LARA’s Web site: www.michigan.gov/lara.

If the corporation had no tax liability or was not required to register with Treasury, provide a detailed explanation. In rare cases, a corporation may not have had any tax liability or may not have registered for taxes with the State of Michigan. If your business falls into this category, use the space provided

to explain why no taxes were due and registration was not required. Include dates of operation and the nature of the business. You must include attachments with your application to substantiate your position in order for it to be fully reviewed.

Part 3: sale of Business or Assets has occurred

Complete this section if your business or any of the assets have been sold.

NOTE: You must continue to ile all returns by their due date until you elect to ile a dissolution or withdrawal. A Tax Clearance Certiicate for Sale of Business and/or Business

Assets is required when a bulk sale or transfer is made under

the Uniform Commercial Code. A Tax Clearance Certiicate

for Sale of Business and/or Business Assets is granted after Treasury determines that all Sales, Use, Income Withholding, Cigarette, Motor Fuel, Single Business, Michigan Business,

and Corporate Income taxes have been paid for the period of operation. When a Tax Clearance Certiicate for Sale of

Business and/or Business Assets is issued, money held in escrow is released and the purchaser is relieved of successor liability. The seller agrees to keep all books and records of the business until they are released by Treasury. The seller is liable

for all taxes due from the operation of the business during the time speciied by Treasury.

Does the business operate under a trade name? If your business operates under any name other than the legal corporation name, check (with an “X”) yes in the appropriate box. On the next line, enter the trade name, assumed name, or doing business as name. If your business only operates under its legal corporation name, check (with an “X”) no.

Are you continuing business activity after clearance under this FEIN or TR number? If you plan to continue

to operate your business within the State of Michigan, check (with an “X”) yes in the appropriate box. If you do not plan to continue operating, check (with an “X”) no. If you have already

submitted a Form 163 to the Registration Unit, enter the discontinuance date listed on that form. If you have yet to ile

Form 163 with the Registration Unit, attach a completed Form 163 with this application.

NOTE: The following items should ONLY be illed out if the

sale has occurred, not before.

Date of Sale of Business or Business Assets to Another

Entity. Enter the date all or part of the business was sold.

Is money being held in escrow pending receipt of a Tax Clearance Certiicate? If money is being held in escrow from

the sale, check (with an “X”) yes and enter the amount being held.

Business Name, Street Address, and FEIN of Purchaser.

Enter purchaser’s legal name, address, and FEIN.

Part 4: Certiication and Authorization for Disclosure of Tax Clearance Information

NOTE: All ields directly under the Certiication must be completed. If authorizing the disclosure of information, all ields in that section must be completed as well.

This section must be completed for all requests. All requests must be submitted by an owner, oficer, or member of the business. By completing the Certiication, you are declaring

under penalty of perjury that all information entered is true.

Complete this section with your printed name, title, signature, daytime phone number, contact address, and the date in which the application was completed.

submitting form 5156

Complete and mail this form to:

Michigan Department of Treasury

Tax Clearance Section

P.O. Box 30778

Lansing, MI 48909

For additional information, call (517) 636-5260, Monday through Friday (excluding holidays), from 8 a.m. to 5 p.m.

File Specifics

Fact Name Details
Purpose of Form The Michigan 5156 form is used to request a tax clearance certificate when selling or closing a business.
Governing Law This form is issued under the authority of Public Act 228 of 1975, as amended.
Part Completion Different parts of the form must be completed based on the reason for the request: selling, closing, or completed sale of business assets.
Submission Information Completed forms should be mailed to the Michigan Department of Treasury, Tax Clearance Section, at P.O. Box 30778, Lansing, MI 48909.

How to Use Michigan 5156

Once the Michigan 5156 form is completed, it should be submitted to the Michigan Department of Treasury for processing. This form is essential for obtaining a tax clearance certificate, which may be required for various business transactions, including selling or closing a business. Ensure all necessary parts are filled out accurately before submission.

  1. Begin with Part 1, which is required for all applicants. Fill in the following information:
    • Current Business or Corporation Name
    • FEIN or TR Number
    • Previous Business or Corporation Name
    • Address
    • City
    • State
    • ZIP Code
  2. If your business is a corporation that is closing or dissolving, complete Part 2. Enter:
    • Corporate ID Number assigned by LARA
    • Date incorporated with the State
    • Date business actually discontinued in Michigan
    • A detailed explanation if the corporation had no tax liability
  3. If you have sold your business or business assets, complete Part 3. Provide the following:
    • Indicate if the business operates under a trade name
    • Whether you will continue business activity after clearance
    • Date of sale of business or assets
    • Information about any money held in escrow
    • Purchaser's Business Name, FEIN, and Address
  4. Move to Part 4 to complete the Certification and Authorization section. Fill in:
    • Your printed name
    • Your title
    • Your signature
    • The date of completion
    • Your telephone number
    • Your address
    • Optionally, information for a third party if applicable
  5. Review the entire form for accuracy and completeness. Ensure all required fields are filled out.
  6. Mail the completed form to:

    Michigan Department of Treasury
    Tax Clearance Section
    P.O. Box 30778
    Lansing, MI 48909

Your Questions, Answered

  1. What is the Michigan 5156 form used for?

    The Michigan 5156 form, also known as the Request for Tax Clearance Application, is used to request a tax clearance certificate from the Michigan Department of Treasury. This certificate is necessary when a business is being sold, closing down, or has completed a sale of business assets. It ensures that all tax liabilities have been settled before the transfer of ownership or dissolution occurs.

  2. Who needs to complete the Michigan 5156 form?

    Any business entity that is selling its business or assets, closing its operations, or has already sold its business must complete the form. The specific parts of the form to be filled out depend on the circumstances:

    • Part 1 must be completed by all applicants.
    • Part 2 is for corporations dissolving or withdrawing.
    • Part 3 is for businesses that have sold their assets.
    • Part 4 is for certification and authorization for disclosure of information.
  3. What information is required in Part 1 of the form?

    Part 1 collects general information about the business, including:

    • Current business or corporation name
    • Federal Employer Identification Number (FEIN) or Treasury Account Number (TR)
    • Previous business or corporation name (if applicable)
    • Address, city, state, and ZIP code

    All fields in this section must be completed accurately.

  4. What should I do if my business is closing?

    If your business is closing and is registered as a corporation with the Michigan Department of Licensing and Regulatory Affairs (LARA), you will need to complete Part 1, Part 2, and Part 4 of the form. Ensure that the date of discontinuance matches the date reported on the Form 163 Notice of Change or Discontinuance.

  5. How does the tax clearance process work?

    Once the Michigan 5156 form is submitted, the Department of Treasury will review the application to ensure all tax liabilities have been paid. If everything is in order, a tax clearance certificate will be issued. This certificate is necessary for the release of any funds held in escrow related to the sale of the business or its assets.

  6. What happens if I do not have a tax liability?

    If your corporation had no tax liability or was not required to register with the Michigan Department of Treasury, you must provide a detailed explanation in the application. Attach any necessary documentation to support your claim. This could include the last four years of Federal Business Tax Returns if applicable.

  7. Where do I send the completed Michigan 5156 form?

    The completed form should be mailed to the Michigan Department of Treasury, Tax Clearance Section, at the following address:

    P.O. Box 30778
    Lansing, MI 48909

    For further assistance, you can contact them at (517) 636-5260, Monday through Friday, from 8 a.m. to 5 p.m.

Common mistakes

  1. Failing to complete all required sections based on the reason for the request. Ensure you fill out the appropriate parts as specified in the instructions.

  2. Using a P.O. Box for the business address. The form requires a physical address, not a P.O. Box.

  3. Not including the correct Federal Employer Identification Number (FEIN) or Treasury-issued account number. This number is essential for processing your request.

  4. Neglecting to attach Form 163 when necessary. If your business has ceased operations, this form must be submitted with your application.

  5. Providing inaccurate or incomplete information in the Corporate Dissolution or Withdrawal section. Ensure all dates and explanations are accurate and supported by documentation.

  6. Failing to check the appropriate boxes regarding business operations and trade names. This information is crucial for the processing of your request.

  7. Not signing or dating the certification section. This section must be completed by an authorized individual.

  8. Overlooking the requirement to provide a detailed explanation if the business had no tax liability. This explanation must be included if applicable.

  9. Not submitting the form within the required time frame. Delays can affect the processing of your request for tax clearance.

Documents used along the form

The Michigan 5156 form is often accompanied by several other documents that help facilitate the process of obtaining a tax clearance. Each document serves a specific purpose in ensuring compliance with state regulations. Below is a list of commonly used forms and documents alongside the Michigan 5156 form.

  • Form 163: Notice of Change or Discontinuance - This form is required when a business is closing or changing its operational status. It notifies the Michigan Department of Treasury about the business's intent to discontinue operations or make significant changes.
  • Federal Business Tax Returns - If a business has not registered with the Michigan Department of Treasury, the last four years of Federal Business Tax Returns must be submitted. These documents provide a history of the business's tax obligations at the federal level.
  • Purchase Agreement - This document outlines the terms of the sale of the business or its assets. It details the responsibilities of both the seller and the buyer, including any conditions related to tax clearance.
  • Escrow Agreement - If funds are held in escrow pending tax clearance, this agreement specifies the conditions under which the funds will be released. It ensures that both parties understand their obligations regarding the escrowed money.
  • Corporate Dissolution Documents - For corporations, additional documents may be required to formally dissolve the business. These documents must be filed with the Michigan Department of Licensing and Regulatory Affairs (LARA).
  • Authorization for Disclosure of Tax Information - This optional document allows a third party to receive tax clearance information. It must be completed if the business owner wishes to designate someone else to handle tax matters.
  • Proof of Tax Payments - In some cases, documentation proving that all taxes have been paid may be required. This can include receipts or statements from the Michigan Department of Treasury.

Each of these documents plays a crucial role in the tax clearance process. Properly completing and submitting them can help ensure a smooth transition during the sale or closure of a business.

Similar forms

The Michigan 5156 form is similar to the IRS Form 4506-T, Request for Transcript of Tax Return. Both documents are used to obtain tax-related information. The IRS form allows individuals or businesses to request a transcript of their tax returns, which can be necessary for various reasons, such as loan applications or verifying income. Similarly, the Michigan 5156 form is a request for tax clearance, often needed when selling or closing a business. Both forms require specific identification details, including taxpayer identification numbers, and serve to ensure that all tax obligations are met before proceeding with significant financial transactions.

Another document similar to the Michigan 5156 form is the IRS Form 8821, Tax Information Authorization. This form allows taxpayers to authorize a third party to receive their tax information from the IRS. Like the Michigan 5156, it includes a section for designating an authorized representative. Both forms aim to facilitate communication regarding tax matters, ensuring that necessary information is shared with the appropriate parties while maintaining compliance with tax regulations.

The Michigan 5156 form also resembles the Michigan Form 163, Notice of Change or Discontinuance. This form is used when a business is discontinuing operations or changing its structure. Both forms require detailed information about the business and its operations. While Form 5156 focuses on obtaining a tax clearance certificate, Form 163 is about officially notifying the state of changes. Completing both forms accurately is crucial for compliance with state regulations.

Similarly, the IRS Form 1065, U.S. Return of Partnership Income, shares a connection with the Michigan 5156 form. Partnerships must file Form 1065 to report income, deductions, and other tax information. When a partnership is sold or dissolved, a tax clearance may be needed, making the 5156 form relevant. Both forms require detailed financial information and ensure that all tax liabilities are addressed before any changes in business structure occur.

The Michigan 5156 form can also be compared to the IRS Form 941, Employer's Quarterly Federal Tax Return. Employers use Form 941 to report income taxes, Social Security tax, and Medicare tax withheld from employee paychecks. When a business is sold or closed, ensuring that all payroll taxes are settled is essential. Thus, both forms play a role in confirming that tax responsibilities are fulfilled before significant business changes.

Another similar document is the Michigan Corporate Income Tax (CIT) Form 4891. This form is used to report corporate income tax for businesses operating in Michigan. When selling or closing a business, obtaining tax clearance through Form 5156 ensures that all corporate tax obligations have been met. Both forms require accurate reporting of financial information and compliance with tax laws.

The Michigan 5156 form is also akin to the IRS Form 1040, U.S. Individual Income Tax Return, for sole proprietors. Sole proprietors file Form 1040 to report their income and pay taxes. If a sole proprietor decides to sell their business, they may need to obtain a tax clearance using Form 5156. Both forms emphasize the importance of fulfilling tax obligations before any business transitions.

Additionally, the Michigan Sales Tax License Application serves a similar purpose in ensuring compliance with state tax laws. Businesses must apply for a sales tax license to collect sales tax on goods sold. When selling a business, obtaining tax clearance through Form 5156 confirms that all sales tax obligations have been met. Both documents are essential for businesses to operate legally and responsibly within Michigan.

Finally, the IRS Form 941-X, Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund, is similar to the Michigan 5156 form in that it addresses tax adjustments. If a business discovers errors in its payroll tax filings, it can use Form 941-X to correct those mistakes. When closing or selling a business, ensuring that all tax filings are accurate is crucial, making both forms relevant in the context of tax compliance.

Dos and Don'ts

When filling out the Michigan 5156 form, attention to detail is crucial. Here are eight important do's and don'ts to keep in mind:

  • Do complete all required sections relevant to your situation.
  • Do provide accurate and current business information, including your legal business name and FEIN.
  • Do attach any necessary documents, such as Form 163, if applicable.
  • Do ensure that the date of discontinuance matches the date on your submitted Form 163.
  • Don't use a P.O. Box for your business address; provide a physical address instead.
  • Don't leave any fields blank; all required fields must be filled out completely.
  • Don't submit the form without signing and dating it; your signature is essential for validation.
  • Don't forget to keep copies of all submitted documents for your records.

Following these guidelines will help ensure a smooth process in obtaining your tax clearance certificate.

Misconceptions

Misconceptions about the Michigan 5156 form can lead to confusion and delays in the tax clearance process. Here are nine common misconceptions and their clarifications:

  • Only corporations need to fill out the 5156 form. This is incorrect. While corporations must complete specific parts, all types of business entities may need to use this form depending on their situation.
  • The form can be submitted without all required parts completed. This is a misconception. Each applicant must complete the necessary sections based on their circumstances. Incomplete submissions may lead to rejection.
  • The 5156 form is only for businesses that are closing. This is not true. It is also used when selling business assets or when a business is discontinuing operations but not formally closing.
  • There is no deadline for submitting the 5156 form. This is misleading. There is a deadline, especially for corporate dissolution, where the form must be submitted within 60 days of discontinuation.
  • A tax clearance certificate guarantees no outstanding tax liabilities. This is a misunderstanding. The certificate indicates that all known tax liabilities have been settled as of the date of issuance, but future liabilities may arise.
  • Money held in escrow is automatically released upon submission of the form. This is incorrect. The escrow release occurs only after the tax clearance certificate is issued, confirming that all taxes have been paid.
  • Filing the 5156 form is optional if the business has no tax liability. This is not accurate. Even if there is no tax liability, the form must still be filed to obtain a clearance certificate.
  • All parts of the form must be filled out even if they do not apply. This is a common misconception. Only the relevant parts for your specific situation need to be completed.
  • Submitting the form guarantees a quick response from the Michigan Department of Treasury. This is misleading. Processing times can vary, and applicants should allow sufficient time for review and response.

Key takeaways

When filling out and using the Michigan 5156 form, there are several important points to keep in mind. Here are key takeaways to ensure a smooth process:

  • Purpose of the Form: The Michigan 5156 form is used to request a tax clearance certificate, which is necessary when selling or closing a business.
  • Complete Relevant Parts: Depending on your situation, you will need to fill out specific parts of the form. Part 1 is mandatory for all applicants, while Parts 2 or 3 are required based on your business status.
  • Accurate Information: Ensure that all information provided, including the business name, FEIN or TR number, and addresses, is accurate and complete.
  • Corporate Details: If applicable, include details about corporate dissolution or withdrawal, including the date of discontinuation and corporate ID number assigned by LARA.
  • Sale Information: If you have sold your business or assets, you must provide the date of sale and details about the purchaser.
  • Escrow Funds: If money is being held in escrow pending tax clearance, indicate the amount and ensure all related information is included.
  • Signature Requirement: The form must be signed by an owner, officer, or member of the business. This signature certifies that the information is true under penalty of perjury.
  • Submission Process: Mail the completed form to the Michigan Department of Treasury, Tax Clearance Section. Ensure it is sent to the correct address to avoid delays.
  • Contact for Assistance: If you have questions, you can call the Michigan Department of Treasury for assistance during business hours.

Following these guidelines will help streamline the process of obtaining a tax clearance certificate in Michigan.