Form 3423 Schedule 1 Additions and Subtractions - Michigan

What Is Form 3423 Schedule 1?

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.

FAQ

Q: What is Form 3423 Schedule 1 Additions and Subtractions?
A: Form 3423 Schedule 1 Additions and Subtractions is a tax form used in Michigan to report additional income or deductions that are not included on the federal tax return.

Q: Who needs to file Form 3423 Schedule 1 Additions and Subtractions?
A: Michigan residents or non-residents who have additional income or deductions that need to be reported for state tax purposes.

Q: What should I include in the Additions section of Form 3423 Schedule 1?
A: In the Additions section, you should include any additional income you received that is not reported on your federal tax return, such as out-of-state income or certain types of retirement income.

Q: What should I include in the Subtractions section of Form 3423 Schedule 1?
A: In the Subtractions section, you should include any deductions or adjustments you are eligible for that are not allowed on your federal tax return, such as certain business expenses or contributions to a Michigan education savings program.

Q: When is the deadline to file Form 3423 Schedule 1 Additions and Subtractions?
A: Form 3423 Schedule 1 Additions and Subtractions is generally due on the same date as your Michigan state income tax return, which is April 15th.

Q: Do I need to attach supporting documents with Form 3423 Schedule 1 Additions and Subtractions?
A: You should keep any supporting documents with your records in case of an audit, but you do not need to attach them to your tax return.

Q: Can I e-file Form 3423 Schedule 1 Additions and Subtractions?
A: Yes, you can e-file Form 3423 Schedule 1 Additions and Subtractions if you are filing your Michigan state income tax return electronically.

Q: What if I made a mistake on Form 3423 Schedule 1 Additions and Subtractions?
A: If you made a mistake on Form 3423 Schedule 1 Additions and Subtractions, you can file an amended return using Form 1040X for federal and an amended return for Michigan.