Question: There are several differences for apportioning income for Michigan under the Corporate Income Tax (CIT) act and the Personal Income Tax (PIT) act. Please answer

There are several differences for apportioning income for Michigan under the Corporate Income Tax (CIT) act and the Personal Income Tax (PIT) act. Please answer the following:
Apportionment formula for CIT for 2020

Apportionment formula for PIT 2020

Sourcing sales of services for CIT

Sourcing sales of services for PIT

Do either CIT or PIT have throwback of sales of tangible personal property

What facts do you need to determine if sales are thrown back to Michigan

Discuss how the differences for sourcing the sales of services and throwback influence the facts included in a client memo.

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The question is complete Lets address each part in detail 1 Apportionment Formula for CIT for 2020 Corporate Income Tax CIT Apportionment Formula For Michigans CIT in 2020 the apportionment is primari... View full answer

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