Form 2698 Idle Equipment, Obsolete Equipment, and Surplus Equipment Report - Michigan

What Is Form 2698?

This is a legal form that was released by the Michigan Department of Treasury - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 2698?A: Form 2698 is the Idle Equipment, Obsolete Equipment, and Surplus Equipment Report.

Q: What is the purpose of Form 2698?A: The purpose of Form 2698 is to report any idle, obsolete, or surplus equipment in Michigan.

Q: Who needs to submit Form 2698?A: Any entity in Michigan that has idle, obsolete, or surplus equipment needs to submit Form 2698.

Q: What information is required on Form 2698?A: Form 2698 requires information such as equipment description, acquisition cost, current condition, and reason for being idle, obsolete, or surplus.

Q: When is Form 2698 due?A: Form 2698 is typically due by September 30th of each year.

Q: Is there a filing fee for Form 2698?A: No, there is no filing fee for Form 2698.

Q: What are the consequences of not submitting Form 2698?A: Failure to submit Form 2698 may result in penalties or fines, and the entity may be required to dispose of the idle, obsolete, or surplus equipment.