Instructions for Form 3423 Schedule 1 Additions and Subtractions - Michigan

Form 3423 Schedule 1 Additions and Subtractions - Michigan

This document contains official instructions for Form 3423 Schedule 1, Additions and Subtractions - a form released and collected by the Michigan Department of Treasury. An up-to-date fillable Form 3423 Schedule 1 is available for download through this link.

FAQ

Q: What is Form 3423 Schedule 1?
A: Form 3423 Schedule 1 is a form used by residents of Michigan to report additions and subtractions to their income on their state tax return.

Q: Who needs to use Form 3423 Schedule 1?
A: Residents of Michigan who have additions or subtractions to their income need to use Form 3423 Schedule 1.

Q: What kind of additions and subtractions are reported on Form 3423 Schedule 1?
A: Form 3423 Schedule 1 is used to report additions such as gambling winnings, pension income, and rental income, and subtractions such as retirement income, Social Security benefits, and certain deductions.

Q: How do I fill out Form 3423 Schedule 1?
A: You will need to enter your personal information, report your additions and subtractions, and calculate the resulting adjustments to your income.

Q: When is Form 3423 Schedule 1 due?
A: Form 3423 Schedule 1 is due on the same date as your Michigan state tax return, usually April 15th.

Q: Can I e-file Form 3423 Schedule 1?
A: Yes, you can e-file Form 3423 Schedule 1 along with your Michigan state tax return.

Q: What should I do if I made a mistake on Form 3423 Schedule 1?
A: If you made a mistake on Form 3423 Schedule 1, you will need to file an amended Michigan state tax return using Form MI-1040X.

Q: Do I need to include any supporting documents with Form 3423 Schedule 1?
A: You should keep all supporting documents related to your additions and subtractions, but you do not need to submit them with Form 3423 Schedule 1. However, you may be required to provide them if requested by the Michigan Department of Treasury.