This version of the form is not currently in use and is provided for reference only. Download this version of Form 4640 for the current year.
This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 4640?
A: Form 4640 is the Conditional Rescission of Principal Residence Exemption (PRE) form used in Michigan.
Q: What is the purpose of Form 4640?
A: The purpose of Form 4640 is to request a conditional rescission of the Principal Residence Exemption (PRE) in Michigan.
Q: Who needs to fill out Form 4640?
A: Property owners in Michigan who want to temporarily rescind their Principal Residence Exemption (PRE) need to fill out Form 4640.
Q: When should Form 4640 be filed?
A: Form 4640 should be filed with the local assessor's office on or before May 1st of the year following the rescission.
Q: What are the conditions for rescinding the Principal Residence Exemption (PRE)?
A: The conditions for rescinding the Principal Residence Exemption (PRE) in Michigan include moving out of the property and no longer using it as your primary residence.
Q: How long does the conditional rescission last?
A: The conditional rescission of the Principal Residence Exemption (PRE) lasts for up to three years.
Q: What happens if the property is sold during the conditional rescission period?
A: If the property is sold during the conditional rescission period, the new owner must file a new Principal Residence Exemption (PRE) form.
Q: What are the penalties for falsely claiming or failing to file Form 4640?
A: Penalties for falsely claiming or failing to file Form 4640 include repayment of exempted taxes, interest, and penalty fees.
Form Details:
Download a fillable version of Form 4640 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.