Welcome to legal basics my name is Nick or tell I'm a business and tax attorney here at Foster's swift Collins and Smith and today I'm going to give you a quick roadmap on surviving the the sales and use tax audit process in the state of Michigan okay so before I get started let me just give a real brief as overview of what the sales and use taxes are in the state of Michigan and you probably know this but just in case you don't the sales and use taxes are basically a six percent tax on the sale use consumption or storage of tangible personal property in the state of Michigan okay so if you are a retailer and you're selling goods to customers that generally absent an exemption from tax is going to be subject to the sales tax so you would have to ask the seller collect the tax and then remit it to the state of Michigan so that's the sales tax the use taxes is basically a mirror image of the sales tax and a situation that that might trigger use tax would be for example if you you know get online and you purchase a book or or anything else from an out-of-state seller you know you go to checkout and then you get there and you say great yeah you know they didn't charge me sales tax well they didn't charge your sales tax because that's an out-of-state retailer and they don't have Nexus in the state of Michigan that would trigger the responsibility to collect and remit tax but yeah you as the person that's using that that property in the state of Michigan would have a use tax payment obligation so that would that would be that would be...
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About Michigan Form 5081
Form 5081 is a document produced by the State of Michigan for tax purposes. It is officially known as "Michigan Sales and Use Tax Return." This form is required to be filed by individuals or businesses engaged in selling tangible personal property or taxable services in the state of Michigan. Form 5081 serves as a quarterly sales and use tax return. It includes sections where businesses can report their sales, calculate the tax amount owed, and remit the payment to the Michigan Department of Treasury. The form also requires businesses to provide detailed information about the sales made during the reporting period. Typically, any business operating in Michigan and making taxable sales has a legal obligation to file the State Sales and Use Tax Return (Form 5081). This includes retailers, wholesalers, manufacturers, online sellers, and service providers who are liable for collecting and remitting sales tax on their transactions. It should be noted that while the information provided here describes the general purpose and audience for Form 5081, it is always recommended to consult with a tax professional or visit the official Michigan Department of Treasury website for the most accurate and up-to-date information on tax obligations and filing requirements.
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