Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: Is Michigan allowing the 2020 unemployment subtraction?
Is Michigan allowing the 2020 unemployment subtraction?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
moabut_00
Level 1
03-20-2021
09:06 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
itonewbie
Level 15
03-21-2021
12:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
MI DoT hasn't officially posted any update on the website. If you believe the Detroit Free Press (https://www.freep.com/story/money/personal-finance/susan-tompor/2021/03/19/michigan-new-tax-deadline...), they quoted a DoT spokesman, saying that the exclusion will flow through to MI-1040 since it starts with federal AGI.
According to Michigan Compiled Law Section 206.607(6), the conformity date is still January 1, 2018. That was updated back in Feb 2018. However, that same subsection provides taxpayers an option to use the IRC "in effect for the tax year." On that basis, unless the legislature passes a law to require an add-back for UCE, I'm inclined to believe the Detroit Free Press report is correct from a technical standpoint.
In case you're interested in a different perspective, here's a discussion from a couple days ago: https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/is-the-state-of-michiga...
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
