Michigan Issues Guidance on Retroactive Implications of Kmart Decision--Are You Prepared?

Cummings, Rocky B.
March 2010
Journal of State Taxation;Mar/Apr2010, Vol. 28 Issue 3, p11
Academic Journal
The article focuses on the impact of the court decision on the case involving Kmart Michigan Property Services LLC (KMPS) on the Single Business Tax (SBT) in Michigan. The author explains that the case concerns the proper SBT treatment of entities that are disregarded for federal income tax purposes. He explains that the ruling on Kmart indicates that an SBT taxpayer who included disregarded entities in any of iys SBT returns since 1997 is required to have additional filing responsibilities.


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