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1099 MISC 2023 for Detroit Michigan: What You Should Know

Personal Business Income Taxes. The Department will receive and issue Form 25-2. A single person must use this form. An organization or trust is required to use Form 25-3. A corporation or other tax-exempt entity must use Form 25-4 for tax years 2023 through 2020. Form 25-2 and 25-3 are for individual taxpayers. Form 25-4 is not for corporation or tax-exempt entities. Form 25-2 — Personal Fiduciary and Corporation Income Tax Form 25-2 is the single person's return and Form 25-3 is the organization's or trust's return. Form 25-2 is based upon single individuals and is only valid for their business. Form 25-3 is based upon corporation or trust entities and is valid for both of their taxable years in effect for individual taxpayers and for tax years 2023 and 2015. This is the one time you may use Form 25-2 for your business!  If you have an organization or an entity, it's not your only return, and they also require a tax return and form. You should use Form 25-3 for all of your tax returns and Form 25-4 for all of your tax years! For the Tax Years 2023 through 2016, we offer Form 25-2 and 25-3, the returns for sole proprietorship and for corporations. We offer Form 25-8, the returns for partnerships, S-Corporations and LCS.   Form 25-8 — Business Partnership or L.P.

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