Per MI Department of Treasury: Scroll down to Penalties.
- No penalty is imposed on a taxpayer who fails to make an estimated payment if the taxpayer was not required to make estimated payments in the immediately preceding tax year.
- Also, no penalty is imposed for any underpayment of a Q4 estimated payment if the taxpayer files a return for the taxable year on or before January 31 of the following taxable year and pays in full the amount computed on the return.
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