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Michigan has a Failure to Pay (FTP) and a Late interest penalty; There is no Failure to File (FTF) penalty. The FTP penalty is 5% per month with a maximum of 25%

Form MI-2210 calculates underpayment of taxes. There are two penalties on this form:

1. The interest penalty, which calculates on the standard worksheet.
2. A punitive penalty calculated on Page 2 of MI-2210: 10% if they made estimated tax payments or 25% if they did not make estimated tax payments.

Annualized Income method

The state of Michigan supports the Annualized Income method. You can force amounts for each quarter on the MIPay screen in the Annualized income (Force) fields.

If you use the Annualized Income Method:

• Onvio Tax will calculate the worksheet on Page 2 of the MI-2210 based on this information.
• The net amount will go to Line 9 on Page 1 of Form MI-2210 for each quarter.

Michigan overview (1041)