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Form 4142 Principal Residence Exemption (Pre) Denial Interest Summary - Michigan
What Is Form 4142?
This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. Check the official instructions before completing and submitting the form.
FAQ
Q: What is Form 4142?
A: Form 4142 is the Principal Residence Exemption (PRE) Denial Interest Summary for Michigan.
Q: What is the Principal Residence Exemption (PRE)?
A: The Principal Residence Exemption (PRE) is a tax exemption in Michigan that lowers property taxes for homeowners whose property serves as their principal residence.
Q: What is the purpose of Form 4142?
A: The purpose of Form 4142 is to provide a summary of the interest owed on the denied Principal Residence Exemption (PRE) for Michigan.
Q: Who needs to file Form 4142?
A: Form 4142 needs to be filed by taxpayers in Michigan who have been denied the Principal Residence Exemption (PRE) and need to report the interest owed.
Q: What information is required on Form 4142?
A: Form 4142 requires information such as the taxpayer's name, address, and Social Security number, as well as details about the denied Principal Residence Exemption (PRE) and the interest owed.
Q: When is Form 4142 due?
A: Form 4142 is typically due by the end of the tax year in which the Principal Residence Exemption (PRE) was denied.
Q: What are the consequences of not filing Form 4142?
A: Failure to file Form 4142 or to pay the interest owed may result in further penalties or legal action.
Q: Is Form 4142 only for residents of Michigan?
A: Yes, Form 4142 is specifically for residents of Michigan who have been denied the Principal Residence Exemption (PRE).
Form Details:
- Released on April 1, 2019;
- The latest edition provided by the Michigan Department of Treasury;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 4142 by clicking the link below or browse more documents and templates provided by the Michigan Department of Treasury.
Download Form 4142 Principal Residence Exemption (Pre) Denial Interest Summary - Michigan
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