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Michigan Inheritance Tax

In Michigan in 1993, inheritance tax was replaced by estate tax. Estate tax is the equivalent of the upper limit of federal credit that could be permitted for state death taxes.
The following forms have to be submitted, in order to file inheritance tax returns for estates whose owners have passed away before December 31, 2004:
  • Form 2523 - Michigan Inheritance Tax Return
  • Form 2307 - Michigan Inheritance Tax No-Tax Return

Inheritance tax returns are not supposed to be filed for those estates whose owners died after 31st December 2004 and before 1st January 2011, as they are not liable for taxation for this period.



Michigan Estate Tax Facts
  • Due to the new federal code, between 1998 to 2006, the amount of exemption granted for filing estate tax returns is supposed to increase.
  • Estates whose gross value is either the same or less than the exemption amount need not register a United States Estate (and Generation-Skipping Transfer) Tax Return.
  • All estates need to pay taxes, even if the owner is a non-resident.
  • When registering the estate tax return, it needs to have a US 706 attachment with it, and both need to be filed and submitted together. Normally the due date is nine months after the owner passes away.
  • Estate taxes need to be paid at the same time the tax returns are filed.


Michigan Estate Tax Return File

The two estate tax return files in operation are Form MI-706 and Form MI-706 A.
  • Form MI-706 is applicable to residents and estate owners whose properties are located only in Michigan.
  • Form MI-706 A is applicable to residents whose properties are located outside the state and non-residents who have held properties in the state.



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Last Updated on : 5th July 2013

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