Form 5680 Michigan Fiduciary Income Tax Beneficiary Information Continuation Schedule - Michigan

What Is Form 5680?

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 5680?
A: Form 5680 is the Michigan Fiduciary Income Tax Beneficiary Information Continuation Schedule.

Q: Who should file Form 5680?
A: Form 5680 should be filed by fiduciaries in Michigan who need to provide additional beneficiary information.

Q: What is the purpose of Form 5680?
A: The purpose of Form 5680 is to provide detailed information about the beneficiaries of a trust or estate for tax purposes.

Q: Do I need to file Form 5680 if I am not a fiduciary?
A: No, Form 5680 is specifically for fiduciaries who are responsible for filing Michigan fiduciary income tax returns.

Q: What should I include on Form 5680?
A: On Form 5680, you should include detailed information about each beneficiary, such as their name, address, and Social Security number or ITIN.

Q: When is the deadline to file Form 5680?
A: The deadline to file Form 5680 is the same as the deadline for filing the Michigan fiduciary income tax return, which is typically April 15th.

Q: Are there any penalties for not filing Form 5680?
A: Yes, if you fail to file Form 5680 or provide inaccurate information, you may be subject to penalties and interest.

Q: Can I e-file Form 5680?
A: Yes, you can e-file Form 5680 if you are filing your Michigan fiduciary income tax return electronically.

Q: Is Form 5680 only for Michigan residents?
A: No, Form 5680 is for fiduciaries who are filing Michigan fiduciary income tax returns, regardless of their residency status.